Day: March 15, 2023
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WEEK IN REVIEW: Ethiopia Widely Expected to Default on Portion of Its Debt
Ethiopia is widely expected to default on a portion of its debt as the government warned it will not be able to make a $33 million bond payment due on Monday. Ethiopia is in the midst of Chinese-led debt restructuring talks under the G20's Common Framework initiative.
Related Posts
China’s Crisis Diplomacy Is in Overdrive – but to What Effect?
By Lukas Fiala 方朗克 When China’s Horn of Africa Envoy, Xue Bing, returned to Ethiopia earlier this week, he did so in the context of China’s increasingly proactive diplomacy across Africa and the Middle East. From the conflict in Gaza to the peace ...
WEEK IN REVIEW: Ethiopia Debt Update | China @COP28 | Chinese Energy Projects in Africa
Ethiopia is the latest African country that is now teetering on the verge of default after the government announced this week that it would not be able to make a $33 million bond payment. Eric speaks with Mark Bohlund, a senior ...
The Chinese on the Lion Mountain: Peering Into China’s Evolving Diaspora and Soft Power in Sierra Leone
A casino sits on the northwestern tip of Freetown, Sierra Leone, West Africa. Shining neon lights unquelled by the hourly power outages adorn its exterior, flashing hues of pink, green, and yellow onto the red lanterns hanging outside the main entrance. Women dressed in qipaos deal cards ...
TikTok Finds Its Way Back Into Indonesia’s Booming E-Commerce Market
Chinese-owned TikTok announced on Monday that it is taking over 75% stake in Tokopedia, the Indonesian e-commerce unit of GoTo’s super-app ecosystem. The company said that it will spend a total of $1.5 billion and that the transaction will be completed by the first quarter of ...
Source: Wikistrat Expert Analysis | How the War in Iran is Shaping China’s Strategic Calculus
There's been a lot of speculation in U.S. and European policy analysis circles over what lessons China is taking away from the U.S.-Israeli war against Iran. The debate largely divides along two broad categories. On one side, popular in Washington, D.C., contends that the massive ...
U.S., UK and Australia Sign Landmark Defense Pact, Prompting Dark Warning from Beijing
The leaders of the United States, United Kingdom and Australia, members of the so-called AUKUS alliance, signed a landmark pact valued at nearly $400 billion that will allow Australia to deploy long-range nuclear-powered submarines for the first time. Australia will procure at ...
Chinese Government Warns AUKUS Submarine Deal Will Trigger a New Arms Race in Asia-Pacific
The Chinese government warned that the deployment of nuclear-powered attack submarines to Australia would provoke a dangerous new arms race and undermine the increasingly fragile stability in the Asia-Pacific region. Chinese Foreign Ministry Spokesperson Wang Wenbin issued a blunt response when ...
Uneasy About Australia’s New Submarine Deal with the U.S. and UK, Indonesia Echoes China’s Concerns About Asia-Pacific Arms Race
Indonesia's Foreign Ministry took to Twitter on Tuesday to restate its longstanding concern that Australia's acquisition of U.S. and UK-made nuclear-powered attack submarines could destabilize the Asia-Pacific region and violate the nuclear non-proliferation treaty (NPT) of which Australia is a signatory. Jakarta's statement ...
Why “Encirclement” has Become a Chinese Talking Point
This year-old map produced by the UK-based think tank Council on Geostrategy is circulating widely on Twitter this week following Tuesday's AUKUS summit in California and last week's comments by President Xi Jinping that the U.S. and its allies are "encircling" China.
China Issues Fresh Warning to the Philippines About Expanding Military Ties With the U.S.
For the second time in a week, the Chinese government has issued a warning to the Philippines not to grant the U.S. military access to more bases in the country. An editorial in Tuesday's edition of the state-run China Daily ...
What to Make of China’s Mideast Diplomatic Breakthrough?
New details are emerging about the landmark diplomatic deal brokered by China for Saudi Arabia and Iran to restore diplomatic relations. The initial excitement about the prospects for peace between these two Persian Gulf rivals has given way to a more ...