Day: August 31, 2022

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Date for CCP’s 20th Party Congress Set, What Developing Countries Should Expect in the Meantime

The Chinese Communist Party (CCP) announced an earlier-than-expected date for its highly anticipated 20th Party Congress when President Xi Jinping will be appointed to an unprecedented third term in office.  The Party's Central Committee said the once-every-five-year gathering ...

Sicomines Boss Moves to Bolster Ties in Kinshasa to Avoid the Problems Other Chinese Mining Companies Face in DRC

The head of one of China's largest mining companies in the DR Congo, Li Sheng, traveled last week from the southern cobalt and copper belt in the south to do some in-person lobbying in the capital Kinshasa.

Mnangagwa Says He’ll Send a Plane to China to Bring Back Engineers So They Can Finish Critical Infrastructure Projects

Zimbabwe's President Emmerson Mnangagwa said he's willing to send charter planes to China to bring back engineers and other high-skilled infrastructure experts to Zimbabwe so they can finish critical infrastructure projects. The President made the offer during a tour of the ...

China, Japan Are Kenya’s Top Infrastructure Financiers This Year

China and Japan are collectively financing half a billion dollars worth of Kenyan infrastructure projects in the current fiscal year, more than any other country, according to new data from the National Treasury in Nairobi.

China Daily’s Use of the Word “Investments” is Highly Misleading

A report in the state-run newspaper China Daily that touted China's "investments" in Africa's burgeoning sustainable energy sector was misleading and highlights a common problem surrounding the use of the word "investments" in the context of Chinese economic engagement on the continent.

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...