Day: February 21, 2023
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China Cuts Off Vital Lifeline to Argentina, Recalls Ambassador
The younger generation loves to say — with saltier wording — “You mess around and find out.” Argentina’s new president, Javier Milei — who while campaigning used fierce anti-China rhetoric — has apparently messed around and found out.
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Australia Refuses to Send Ships to Red Sea
The Australian government has reportedly indicated that it won’t send ships to join the U.S.-led Operation Prosperity Guardian in the Red Sea. The operation is aimed at containing attacks from Yemeni Houthi militias on commercial shipping and to keep sea lanes open. Defence ...
China Hawks in the U.S. Back Albanese’s Decision to Concentrate Force Deployments in Asia
Australia’s decision not to contribute a warship to the U.S.-led patrolling of Red Sea shipping lanes is playing into U.S. political divisions in the run-up to next year’s election. Reaction from the Biden Administration has so far been muted. The Australian ...
Chinese Experts on Red Sea: Not Our Problem
Chinese exporters’ profit margins are suffering as container shipping companies reroute their ships away from the Red Sea. The move to escape strikes by Houthi militias against ships headed for Israel will add to shipping time and costs, driving up shipping quotes for next year.
UN Security Council Vote on Gaza Postponed
The UN Security Council pushed back voting on a resolution calling for a pause in violence in Gaza. The delay comes amid fears of another U.S. veto, even though “cease-fire” doesn’t appear in the UAE-sponsored wording of the proposed resolution.
Nicholas Burns. Image - Harvard University
Former U.S. ambassador to China, Nicholas Burns, on Saturday delivered the opening address at the Harvard College China Forum, where he presented the case for deeper engagement between the two major powers. The speech would have been great if it were 2015. ...
China Unphased by Report IMF May Circumvent Beijing on Sri Lanka Debt Relief
Sri Lankan debt restructuring seems to be hitting a stalemate, judging by Monday’s Foreign Ministry press briefing. Asked about a recent Bloomberg report that the IMF is considering circumventing Chinese approval in providing a relief deal to the bankrupt country, spokesperson Wang Wenbing basically restated China’s current position.
Toxic Politics to Blame if G20’s Debt Relief Efforts Fail, Says Deborah Brautigam
Vulnerable societies like Zambia could be crushed if geopolitics are allowed to hijack debt renegotiation processes. So warns the Africa-China and debt expert Deborah Brautigam in a recent article in Foreign Affairs. The article is very useful for those following the ...
Chinese Fleet Arrives in South Africa for Controversial Joint Exercises With Russia
The 42nd Chinese naval escort fleet that includes the guided-missile destroyer Huainan and the missile frigate Rizhao arrived on Sunday in South Africa's Port of Richards Bay to participate in this week's controversial joint naval exercises with Russia. The drills, known ...
Chinese Weapons Manufacturers Take Part in UAE Arms Show
Nine Chinese arms manufacturers are taking part in the 16th International Defense Exhibition and Conference, a military technology expo in the United Arab Emirates, the first time since China’s COVID-related shutdowns. Chinese companies are showing 500 different products. They range from ...
Why China Must Partner With Global South Countries to Build a “New International System”
China should respond to pressures from the United States and its allies by building a new global system based on coalitions with Global South countries. So argues Yang Ping, the publisher and editor-in-chief of the influential magazine Beijing Cultural Review. An edited translation of ...
Wang Huiyao on China’s ‘Misunderstood Foreign Policy’
Senior-level Chinese stakeholders often contend that one of the main reasons for today's heightened geopolitical tensions between China and the West is due to "misunderstandings" of its foreign policy objectives by outsiders. Chinese distrust is ...
Another $4 Billion on the Table? The Role of China’s Sinosure in Africa’s Debt Negotiations
By Oyintarelado Moses On February 17, 2023, the International Monetary Fund (IMF) convened a roundtable discussion on sovereign debt restructuring, bringing together creditor and debtor stakeholders involved with ongoing and upcoming debt restructurings. Leading ...