Follow CGSP on Social Media

Listen to the CGSP Podcast

WEEK IN REVIEW: China Quietly Distributed More Than $30 Billion in “Emergency Loans” to Financially-Distressed Developing Countries in Recent Years

by Eric Olander
Chinese President Xi Jinping delivering his keynote address at FOCAC 8. Image via Xinhua.

China has quietly distributed more than $30 billion in so-called “emergency loans” to financially-distressed developing countries in recent years, according to new data compiled by AidData. Details of the loans have not been publicized but analysts believe they’re intended to help borrowers avoid defaulting on Chinese-financed infrastructure loans in BRI countries. Pakistan, Sri Lanka and Argentina are the top recipients. (FINANCIAL TIMES)

South African motorists will have to pay much more for imported Chinese tires after the government imposed a 39% tariff. The move was in response to complaints by the SA Tyre Manufacturers Conference which represents both South African and international tire makers that Chinese importers were selling at below market rates that were described as “predatory.” Almost half of all imported tires to SA come from China. (NEWS 24)

Lead the Conversation on China

Subscribe Today to Get Full Access to The China-Global South Project

Check Out Everything You'll Get With Your Subscription

The China-Global South Daily Brief delivered to your inbox at 6AM Washington time

Full access to exclusive news and analysis from editors based in the Global South

Transcripts of CGSP’s twice-weekly podcasts

Students and teachers with a valid .edu email address are eligible for a 50% discount off monthly or yearly subscriptions. Email us to receive a discount code.

You Might Like

WEEK IN REVIEW: The European Union (EU) and the association of Southeast Asian Nations (ASEAN) Will Hold a National Leaders Summit in December for the First Time

The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) will hold a national leaders summit in December for the first time to discuss expanding trade and infrastructure assistance.  Relocating some of Europe’s ...

WEEK IN REVIEW: India Announces That Next Shanghai Cooperation Organization Summit Will Take Place Virtually

India, the current president of the Eurasia-focused Shanghai Cooperation Organization announced the China-centered bloc’s next summit will take place virtually. According to the Indian press, the decision was aimed at avoiding awkward face-to-face meetings ...

WEEK IN REVIEW: China’s Top Diplomat Wang Yi Will Travel to Africa Next Week

China’s top diplomat Wang Yi will travel to Africa next week. He is attending a meeting of BRICS national security advisors in Johannesburg on 24 and 25 July. In addition to South Africa, he ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.