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

China-Led Study Proposes Global Energy Network

A globally connected network of solar and wind energy could provide three times the global energy demand by 2050 at a lower cost than independent national power systems. This is the finding of a study led by the Chinese Academy of Sciences in collaboration with researchers from the United States and Denmark.

The study focused on how areas with high solar and wind capacity (such as deserts) can be linked to ...