No Surprise, Chinese State Media Didn’t Think Much of PGII, But They Actually Raised a Few Interesting Points

HEADLINE TRANSLATION: "The G7 is going to raise $600 billion for a major project to "counter China." Where will the money come from?"

The Chinese nationalist tabloid Global Times was among the first to launch broadsides against the G7’s latest effort to challenge the Belt and Road. Predictably, the paper interviewed several scholars who all discredited the new program, but rather than simply dismiss it, as they often do, they raised a few legitimate critiques:

INTEREST RATES: An unnamed European studies scholar noted that this isn’t exactly the best time for both governments and businesses to raise huge amounts of money, given that interest rates are shooting up.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More
by Cobus van Staden

Most Read

1
Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
2 Chinese Military Fans Discuss Why Indonesia Bought Rafale Instead of J-10C
3
Indonesia Begins $5.9 Billion Chinese EV Battery Project Despite Environment Fears
4
Chinese Cargo Planes Secretly Ferrying Supplies to Iran, Claim Online Sleuths
5
Indonesia Goes Nuclear, Taps China and Russia for Modular Reactors
6
China, U.S. Ink Rare Earth Deal; More Trade Pacts Coming

You Might Like

European State Media Pose Tough Questions About Railway Financing in Kenya While Overlooking One Very Important Point

It’s so interesting to see EU/US coverage of the SGR debt issue in Kenya when their state-run media channels constantly point out this new rail line is unprofitable. Sure, but consider that ...

Maybe The West’s Pressure on China to Build “High Quality” Infrastructure is Working

A Xinhua headline from Wednesday hints that years of criticism of low-quality Chinese-built infrastructure in developing countries may be having its desired effect. Chinese messaging on these issues used to focus on the speed ...

China’s Party-run Media, Scholars Dismiss U.S.-Africa Leaders Summit

While U.S. officials have sought to downplay competition with China in Africa ahead of this week’s leaders summit in Washington, D.C., Chinese scholars and Communist Party-run media, on the other hand, are eager ...

China’s Party-run Media Frames Honduras Switch as Part of Larger Struggle Against the U.S., Taiwan Independence

The Communist Party-run Global Times newspaper boasted in a series of articles over the weekend in both their English and Chinese editions that Honduras’s decision to sever diplomatic ties with Taiwan is both ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

More about CGSP