Day: August 30, 2022
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New Research Reveals Sri Lanka’s Debts to China Are Much Higher Than Previously Reported
New data reveals Sri Lankan borrowers owe China's main policy banks significantly more money than had been previously reported, an important revelation as the embattled South Asian country lobbies its creditors for debt relief. Chinese loans to Sri Lanka totaled $7.4 ...
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Djibouti Suspends Debt Payments While Rwanda Gets (Just a Little) Relief From China
🇩🇯 DJIBOUTI: The government reportedly suspended debt repayments to two of its largest creditors, likely China and Kuwait, in response to a dramatic increase in the country's debt servicing costs in 2022, according to a new World Bank report. (SOUTH CHINA MORNING POST)
Pentagon: China to Expand Security Presence in Belt and Road Countries
The United States military is forecasting an expansion of China's security presence around the world, particularly in Belt and Road countries, to better protect its people and interests abroad. The Pentagon on Tuesday laid out its concerns about China's military and security ambitions in ...
EU’s Answer to China’s BRI Takes Shape in Africa
The European Union unveiled a $776 million infrastructure financing package for Africa on Tuesday as part of its Global Gateway initiative that is aimed at challenging China's growing influence in developing regions. European Commission President Ursula von der Leyen ...
New Data Reveals Apple is Steadily Shifting Its Supply Chain Out of China to Other Countries in Asia
China's once-dominant role in Apple's supply chain appears to be ending as the technology giant relocates more and more of its production to other countries in Asia, particularly Vietnam and India. Since 2019, according to data from Reuters, the total share ...
A worker at Sunripe factory in Limuru Town, Kiambu County, Kenya, arranges avocados on August 2, 2022. Image via Xinhua.
There's been a lot of excitement this week in anticipation of tomorrow's start of duty-free access into the Chinese market for 53 African countries. By any measure, this is a big deal, particularly in this new protectionist era when more trade walls are going up then coming down. ...
India Ramps Up Language on Taiwan as Tensions with China Rise
India has accused China of the ‘militarization of Taiwan Straits.’ The tweet, issued by the Indian High Commission in Sri Lanka, is a marked escalation of the combative language between the two and from India’s relatively muted response when U.S. House Speaker Nancy Pelosi visited Taiwan in early ...
More Chinese Flood Aid to Pakistan
China will provide additional humanitarian aid, including 25,000 tents, to flood-devastated Pakistan, China's Foreign Ministry Spokesperson Zhao Lijian said Monday. The Red Cross Society of China will also provide $300,000 in emergency cash assistance to the Pakistan Red Crescent Society, Zhao said. The ...
Fox News Blames Biden for China in the Solomon Islands
U.S. concerns about Chinese influence in the Solomon Islands have crossed a notable rhetorical red line: it is now a talking point on Fox News. This turns it from an obscure geopolitical spat to a topic in the mainstream Republican-Democrat culture war. Fox hosted the Republican insider Newt Gingrich ...
South African Anti-Foreigner Campaign Targets Chinese
The worrying escalation of xenophobia in South Africa is reportedly now hitting the country's Chinese community. Under the banner of Operation Dudula ('force out' in isiZulu), protesters marched to the China City mall in Johannesburg to protest the presence of foreigners, whom the movement blames for crime ...
China’s Xinjiang Messaging to the Global South in Action
Diplomats from African and Asian countries are currently on a Chinese government-organized tour of the Xinjiang region. Official Twitter accounts and the Chinese state press provide a glimpse of these diplomats' role in Chinese counter-messaging operations amid ongoing controversy over the mass incarceration of ...
China’s Volleyball Team Takes No Chances
If you were still wondering, after months of lockdowns, China isn't messing around when it comes to COVID-19 protocols. Case in point: the Chinese national women's volleyball team competed in a game against Iran at the Asian Games in the Philippines ...