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Day: July 28, 2022

China Faces Twin Pressure From U.S., IMF Over Debt Crisis in Sri Lanka

The Chinese government is under mounting pressure from both the United States and the International Monetary Fund to do more to help resolve the worsening debt crisis in Sri Lanka. Colombo owes Beijing an estimated $6.5 billion, ...

Chinese Netizens Aren’t Keen to Bail Out Sri Lanka

While international calls grow louder for China to restructure Sri Lanka's debt obligations, a very different conversation is going on in Chinese media and online communities.  Antara Ghosal Singh, an expert on Chinese domestic development and a fellow at the New ...

China Accuses U.S. of Trying to “Suppress” Its Influence in Africa

Chinese Foreign Ministry spokesman Zhao Lijian accused the United States of trying to suppress its influence in Africa in response to the latest criticism of Beijing by the U.S. military's top commander for Africa, General Stephen Townsend.  ...

Why This New Chinese Cement Factory in Tanzania is So Important

Chinese cement major Huaxin broke ground this week on a new factory in Tanzania that is likely being seen as an important milestone for Chinese construction engagement in Africa. African stakeholders have long been frustrated that Chinese contractors import a lot ...

China’s AU Ambassador Conducts Site Inspection of New Africa CDC HQ Construction

China's ambassador to the African Union, Hu Changchun, led a site inspection this week of the Chinese-financed construction of the new headquarters of the African Center for Disease Control headquarters in the Ethiopian capital Addis Ababa. While the project is being ...

Analysis from Cobus van Staden

India Could Ban Cheap Chinese Phones

The Indian government could push Chinese mobile phone manufacturers out of the lower end of its market, according to a new report by Bloomberg. The possible ban is reportedly aimed at boosting India’s failing domestic phone makers in the lucrative sub-12,000 rupee ($150) sector. 

The move will be a blow to Chinese companies like Xiaomi, RealMe, and Transsion, who make up 80% of sales in the sub-$150 sector. Low-end smartphones occupy a third ...

The Many Questions Raised by Sri Lanka’s Debt Crisis

Sri Lanka’s ongoing debt nightmare is back in the headlines, with both the U.S. government and the International Monetary Fund calling for greater Chinese engagement. The controversy raises a few questions. First and most urgently, there are questions about the thinking ...