Day: March 9, 2023

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Rays of Hope Following China Settlement in Sri Lanka

China’s commitment to supporting Sri Lanka’s debt restructuring in line with other bilateral creditors is a major step towards securing a rescue package from the International Monetary Fund. However, it’s still unclear how negotiations will proceed, as the country suffers from food and ...

China Announces Double-Digit Budget Increase for Diplomacy

China is sharply increasing its budget for diplomacy and influence-building around the world after three years of retreat from the world stage. The announcement of a 12.2% increase follows Foreign Minister Qin Gang’s recent comment that “Chinese ...

U.S. Generals Warn Congress About China’s Growing Presence in the Americas

China featured prominently in this week’s U.S. House Armed Services Committee testimony on U.S. national security challenges in North and South America. This follows an annual threat assessment by the Office of the Director of National Intelligence, which emphasized cooperation between China and Russia.  ...

China Shouldn’t be Surprised More Countries in Asia Are Turning to the U.S., Says Envoy to Japan

Rahm Emanuel, the U.S. ambassador to Japan, blamed China for increasing tensions in East Asia. Speaking with CNN, he framed regional military buildups and the strengthening of U.S.-centric blocs like the Quad (a defense-focused alliance between the U.S., Australia, Japan and India) as responses to Chinese aggression. Beijing tends to ...

China is the “Clear and Present Danger” Facing Australia, Warn Security Analysts

Australia should prepare for a U.S.-China war within three years and should consider reinstating the draft and reintroducing nuclear weapons.  These were some of the talking points at a recent roundtable convened by the Sydney Morning Herald and The Age on national ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...