Day: May 20, 2022
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One of China’s Top Africa Diplomats in Ghana Just as Debt Crisis Unfolded
One of China's most senior Africa diplomats, Special Representative Liu Yuxi, was in Ghana on the same day the country's finance ministry announced it would suspend debt repayments to external creditors. Liu appears to be on a regional tour of West Africa , so ...
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Zambia’s President Hichilema Clarifies Chinese Loans’ Role in Debt Crisis
As Ghana sinks into debt distress, many are looking to Zambia’s debt restructuring process for clues on how China will feature. Zambia’s President Hakainde Hichilema provided a glimpse into his government’s thinking about Chinese debt at a Council on Foreign Relations event ...
It’s China, Not Africa That Could be Facing a Debt Trap: Report
At 12% of Africa’s total external debt, China didn’t cause the current wave of debt distress hitting the continent. But the crisis presents Beijing with a dilemma: should it strongarm these countries to get its money back or trade economic losses for diplomatic gains? ...
New Report Debunks Chinese Debt Trap Narrative in Sri Lanka
The Chinese debt trap narrative was started based on the purported surrender of the Port of Hambantota in Sri Lanka. When Colombo fell behind in its payments to the China Exim Bank for the loan, the story goes, Beijing seized the ...
Is the U.S. Comparative Advantage in Engaging with Africa Enough for U.S.-Africa Relations?
By Oyintarelado Moses The U.S. showed off its comparative advantage in engaging with Africa during the Africa and Diaspora Young Leaders Forum at last week’s U.S.-Africa Leaders Summit. While sitting in the audience, I observed as the first African American Vice ...
Fishermen conduct abalone management and protection operations at sea in the waters of Xiaocheng Town, Lianjiang County, Fuzhou City, Fujian Province, China, on March 14, 2026. (Photo by Costfoto/NurPhoto) (Photo by CFOTO / NurPhoto / NurPhoto via AFP)
"China's financial commitments are simply more tangible and easier to grasp than those of Europe," one delegate from an island state remarked to me on a bright spring day in late March, as we both gazed out at the East River from the United Nations Headquarters. Behind us, in airless ...
What Do We Mean by ‘Global South’?
By Lukas Fiala and Hugo Jones This week, the China-Africa project formally rebranded to become the Global South Project. As authors of this similarly titled newsletter, we at China Foresight see this as an opportunity to critically reflect upon how we ...
Magalie Masamba on What It’s Going to Take to Resolve Africa’s Debt Distress
Until a few years ago, before the pandemic, most African economies were among the world's best performing in terms of debt. Revenues were sufficient and debt-to-GDP levels were largely well below the IMF's 50% threshold. ...
WEEK IN REVIEW: Zimbabwean Government Accuses the U.S. of Paying Local Journalists to Write Negative Stories About China
The Zimbabwean government is once again accusing the U.S. of paying local journalists to write negative stories about Chinese investment in the country. The state-run Herald newspaper reported on Tuesday that the U.S. embassy in Harare is working with the opposition MDC party to foment opposition to Chinese ...