Day: February 1, 2023
China on Debt: It’s Not Us, It’s You
Chinese Foreign Ministry spokesperson Mao Ning pushed back against recent allegations by senior Western officials that China is holding back debt restructuring in Zambia. Citing recent statistics from the Zambian government, Mao pointed out that Zambia’s debt burden is predominantly Western, with 24% ...
China-Argentina Call Reveals Closer Ties
China’s Foreign Minister Qin Gang held a phone conversation with his Argentine counterpart Santiago Cafiero, the newest sign of the two countries’ increasing closeness. Argentina is a champion of closer cooperation between China and Latin America and plans to ...
U.S. Panic About Chinese Land Grabs Echoes Africa
Recent reports in the right-leaning press in the United States claim that China is escalating purchases of American farms. This drumbeat is partly in support of the proposed Promoting Agriculture Safeguards and Security (PASS) act. The bipartisan measure would block investments ...
What’s Driving the Steady Decline in Chinese Overseas Development Lending?
There was a time when Chinese lending to developing countries rivaled the World Bank. Those days are now long gone as Chinese overseas development lending has been on a steady downward trajectory.