Day: July 25, 2022

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Indonesian President Widodo’s Meeting With Xi This Week Will be Chinese President’s First Since Pandemic Beginning

Indonesian President Joko Widodo arrived in Beijing on Monday for a two-day state visit to China, where he will hold a symbolically important meeting with President Xi Jinping. This week's talks will be the first in-person meeting between President Xi and ...

China Gambled When It Lent A Lot of Money to the World’s Poorest Countries. Now Those Bets Are in Real Trouble.

With a growing number of developing countries facing acute debt distress, many to Chinese creditors, Beijing may soon be forced to abandon its long-held policy of refusing to cancel concessional and commercial loans. Chinese creditors have been aggressively rescheduling billions of ...

One of Kenya’s Two Leading Presidential Candidates Says He’ll Publish All Chinese Contracts if Elected

Kenya's presidential front-runner William Ruto made it clear that if he wins next month's presidential election in Kenya he will publish the multi-billion dollar Standard Gauge Railway (SGR) loan contract with the China Road and Bridge Corporation (CRBC). Speaking with the Reuters news ...

NYT Columnist Argues China’s Inexperience in Managing a Debt Crisis Poses Systemic Risk for the Global Economy

While rapidly deteriorating economic conditions in developing countries is major news around the world, it barely registers in the United States. So, it was notable on Friday when New York Times Columnist Peter Coy dedicated an entire opinion piece to the issue of Chinese debt. ...

While the U.S. Government Wants to Reduce Dependence on Chinese EV Battery Makers, Ford Motor Has Other Plans

The Ford Motor Company announced a number of important deals with major Chinese mining and battery manufacturers to bolster the supply chain of critical resources needed to power its new line-up of electric vehicles. NICKEL: The U.S. auto giant 

Analysis from Cobus van Staden

Plugging into African Agency

After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.

These shifts indicate a window of opportunity for African electrification. 60% of Africans still lack ...