Day: March 23, 2023

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China Hints It May Not Back U.S. Nominee to Lead World Bank

Ajay Banga's candidacy to become the next president of the World Bank encountered turbulence when the Chinese government hinted that it would oppose his nomination. Banga spent the day in the Chinese capital on Wednesday, meeting with Finance Minister Liu Kun, ...

China Pushes Back at Outgoing World Bank President’s Criticism That Beijing Isn’t Doing Enough on Debt Relief

The Chinese government clapped back on Wednesday against renewed criticisms from outgoing World Bank President David Malpass that Beijing isn't moving fast enough to restructure debts in many of the world's poorest countries. Earlier this week, at a speech in New ...

World Bank Nominee Meets Head of China-led Asian Infrastructure Investment Bank

World Bank President-nominee Ajay Banga met with the head of the Chinese-led Asian Infrastructure Investment Bank (AIIB) on Wednesday during his brief trip to Beijing. The AIIB released a short statement after the meeting that said the two discussed "how the ...

Benin’s Finance Minister Meets With China Exim Bank President

Beninese Finance Minister Romuald Wadagni is in Beijing this week, where he met with China Exim Bank President Ren Shengjun. Neither side released details of the meeting, but it does highlight how China Exim Bank is continuing to engage African governments ...

Key International Stakeholders Gather in Beijing to Discuss How to Bolster African Industrial Supply Chains

The China-Africa Business Council and the Ministry of Foreign Affairs organized a seminar in Beijing this week that brought together high-level representatives from government, industry and civil society to discuss how to increase the value of African exports to China. The ...

Analysis from Cobus van Staden

The Pain of Un-Polarity

“THE G2 WILL BE CONVENING SHORTLY!”
This post by U.S. President Donald Trump in the run-up to his meeting with Chinese President Xi Jinping last week may end up leaving a more lasting mark than the actual summit he attended.

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