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Day: November 30, 2022

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 ...

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 ...

Analysis from Cobus van Staden

Chinese Foreign Minister to Lead UN Security Council Meeting on Gaza

Wang Yi, China’s Minister of Foreign Affairs, will chair a UN Security Council (UNSC) meeting in New York on the ongoing crisis in Gaza.
China, the current UNSC president, called the meeting scheduled for November 29. It comes as the two sides are looking into extending the temporary ceasefire that started last week to allow for the return of further Israeli hostages and Palestinian detainees.

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China’s Special Representative for Latin America Wraps Up Five-Nation Tour

High-level Chinese visits to Central and South America have become rare in recent years, so it was notable when Beijing's special representative for the region embarked on a five-nation tour to Mexico, Peru, Colombia, Venezuela, ...