Day: April 14, 2022

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Floods Shut Down Port of Durban, Posing Major Threat to China-Africa Trade

The devastating floods and landslides that have ravaged South Africa's KwaZulu-Natal (KZN) province all week are now impacting key arteries in the global supply chain and threatening one of China's most vital trade hubs in Africa. South Africa accounts for at ...

China’s Global Trade Started Strong in 2022 But the Outlook Looks Grim

Powered by a new Asian regional free trade deal and new rail links with its Southeast Asian neighbors, China clocked an impressive 10.7% increase in first-quarter global trade compared to the same time last year, according to new Chinese customs data. Southeast ...

Expect Chinese Oil Majors to Focus More Attention on the Global South to Avoid Sanctions in Global North

Chinese oil giant CNOOC is reportedly preparing to halt its operations in Britain, Canada and the United States out of concern that its assets there could be subject to economic sanctions related to the Russian war in Ukraine, according to Reuters. The ...

Senior Level Stakeholders From China, Africa Gather in Beijing to Discuss How to Finance African Infrastructure

The African Union's mission in Beijing together with the consultancy Development Reimagined organized a two-day event this week in the Chinese capital that brought together high-level stakeholders from both China and Africa to discuss how to finance the next stage of Africa's infrastructure development. ...

This Year’s U.S.-African Land Forces Summit Was Partially Intended to Persuade African Militaries Not to Partner With China and Russia

Generals and other high-ranking officers from 40 African armies traveled to the southern United States last month to watch the U.S. Army show off its latest weapons and tactics. The week-long event at the sprawling army base at Fort Benning in ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...

All That is Solid Melts into Air

The last few years’ conversations about China’s global rise ran on a few assumptions: that China’s outward trajectory through initiatives like the Belt and Road will continue uninterrupted, that China’s capacity for overseas lending won’t diminish, and that its role as an export economy serving the Amazons ...