Day: January 25, 2023
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WEEK IN REVIEW: Zambia Debt | Lula’s China Diss | China-Africa Journalism
Zambia suffered a major setback this week in its nearly three-year odyssey to restructure $32 billion of debt when the country's bilateral creditors led by China and France pushed back against bondholders. Plus, Brazilian President Luiz Inácio Lula da Silva issued ...
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Philippines Digs in Heels in South China Sea While Also Cautioning Restraint
The Philippines appears to be employing a strategy of resolve and restraint in the South China Sea amid some of the most dangerous confrontations with China in recent memory. Manila said it will continue to re-supply a ship it grounded in the ...
The South China Sea Crisis is Fast Approaching a Dangerous Tipping Point
The reactions to Sunday's at-sea collisions between Chinese and Philippines maritime forces reveal a very worrisome trend in what's fast becoming one of the world's most dangerous flashpoints. While the incidents were both minor, more like gentle bumps than violent collisions, ...
EU’s Global Gateway Forum Aims to Take On China’s Belt and Road
Wednesday and Thursday will see leaders from twenty countries gathering in Brussels for the Global Gateway Forum, the newest step in the EU’s global infrastructure scheme. The forum comes a week after China’s Belt and Road Forum, which gathered representatives from about 130 countries. ...
IMF Warns China’s Slowdown Could Hit Africa, Debunks Debt Trap Myth
The International Monetary Fund released a set of reports on Africa’s economic outlook and China’s shifting role on the continent. Overall, African economies are slowly rebounding after the double shocks of the pandemic and the Ukraine crisis. However, the IMF warns this recovery is endangered by constrained lending ...
An Iranian flag is placed amids rubble and debris next to a destroyed residential building near Ferdowsi square in Tehran on March 3, 2026. Photo by ATTA KENARE / AFP
Immediately after the U.S. and Israeli bombardment campaign against Iran began, some have claimed that the war was “all about China.” Others have been more cautious, arguing it shows the limits of China’s relationship with Iran and its regional diplomacy. Jonathan Fulton rightly points out that the war “is not about ...
Sri Lanka Hints at Lukewarm Response to China Exim Bank’s Debt Moratorium Offer
The China Exim Bank has reportedly agreed to grant Sri Lanka a two-year debt repayment moratorium, according to a letter sent by the Chinese policy bank to the Finance Ministry in Colombo. The letter, which has not been made public
China Tells Janet Yellen U.S. Is in No Position To Criticize Beijing on Debt Issues in Zambia
The Chinese embassy in Lusaka clapped back at U.S. Treasury Secretary Janet Yellen for her remarks that Beijing was acting as a "barrier" in Zambia's drawn-out debt restructuring process. In a sharply worded statement posted on its website Tuesday, the embassy ...
The South African Government May Be Edging Closer to China, Russia But Its People Seem to Prefer the West, Says New Poll
U.S. Treasury Secretary Janet Yellen will meet with South African President Cyril Ramaphosa on Wednesday during the last stop of her ten-day, three-nation Africa tour. Yellen's arrival in Pretoria comes one day after a high-profile visit by Russian Foreign Minister Sergey Lavrov and ...
Why Chinese Lending to Pacific Island Countries Has Steadily Declined in Recent Years
Chinese lending to Pacific Island Countries (PICs) is now at its lowest level in 15 years, according to new data published by the Australian think tank Lowy Institute. The findings may come as a surprise, given China's heightened diplomatic and security ...
Xi Issues Call For Solidarity Among Developing Nations in Video Address to Latin American Leaders Summit
Chinese President Xi Jinping addressed the final day of a leaders summit of the Community of Latin American and Caribbean States (CELAC) in Buenos Aires on Tuesday, where he renewed calls for closer coordination among developing countries and improved South-South cooperation. The President's ...
Washington’s Top Commander for U.S. Forces in the Americas Says China’s Growing Presence in the Region ‘Keeps Her Up At Night’
Prior to his retirement last year, the top commander for U.S. forces in Africa, General Stephen Townsend, was among the most vocal Pentagon officials on the perceived threat posed by China to U.S. interests abroad. General Townsend's replacement, Michael E. Langley, ...