Day: September 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 ...
File image of a worker cleaning solar panels installed on the roof of the traditional Gedhe market in Klaten, Central Java. China’s $180 billion clean tech push is reshaping the Global South, with Indonesia a key test of who controls new green industries. (Photo: DEVI RAHMAN / AFP)
By Cobus van Staden, CGSP Head of Research Remember “no blood for oil”? Decades ago, the slogan emblematized opposition to the U.S. invasion of Iraq. Its logic subsequently shifted as the United States experienced a gas and oil revolution thanks to fracking.
Nosmot Gbadamosi on US-China Competition in Africa, Debt and “Preventative Infrastructure”
Ghanaian Vice President Mahamudu Bawumia commissioned a new road this week built by the Chinese conglomerate Sinohydro and paid for as part of a $2 billion bauxite barter deal with the company. The timing of this new road opening, though, is ...
WEEK IN REVIEW: Namibia Is Emerging as a Key Lithium Producer for the Chinese Market
Namibia is emerging as a key lithium producer for the Chinese market. In August, 25,000 tons of the strategic metal were shipped from the Port of Walvis Bay with another 50,000 tons prepped to leave later this month. Namibian authorities also want to position Walvis Bay as a ...