Day: April 3, 2023

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World Bank President Renews Calls for China to be More Transparent in its Lending Practices

The outgoing president of the World Bank, David Malpass, again expressed his concern about the opacity of China's lending practices to developing countries. He told the BBC that Beijing needs to be "more transparent." Malpass's comments are the latest in a ...

African Leaders to Kamala Harris: We’re Going to Work With Both the U.S. and China

U.S. Vice President Kamala Harris is back in Washington, D.C., after wrapping up a week-long, three-nation tour of sub-Saharan Africa over the weekend. Before she left, Harris held a press conference on Friday with President Haikinde Hichilema, where she gently prodded China ...

Nigerian VP: “Most African Countries Are Rightly Unapologetic About Their Close Ties to China”

Nigeria's Vice President Yemi Osinbajo pushed back against Western criticisms of Chinese engagement in Africa, saying concerns over predatory lending are "an overreaction." The Vice President spoke at King's College in London, where he also reminded the audience that "the history ...

Embassy Briefs Chinese Business Community in DR Congo on Worsening Security Conditions

China's ambassador to the DR Congo, Zhu Jing, hosted a briefing at the embassy for Chinese companies operating in the country about the deteriorating security conditions. Representatives from at least 50 Chinese companies attended the session last week that also included ...

Ford Teams Up With Chinese, Indonesian Companies in Nickel Venture

The Ford Motor Company is teaming up with Indonesia's PT Vale and Chinese mining giant Zhejiang Huayou Cobalt to buy the Pomalaa nickel processing plant in Indonesia. The $4.5 billion venture deepens the U.S.-automaker's stake in the battery metal supply chain in ...

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 ...

Reality Check for U.S. and EU Policymakers Planning to Decouple From China’s EV Battery Supply Chain

One of the main priorities of last year's landmark environmental legislation in the U.S. (known as the Inflation Reduction Act) is to reduce, even eliminate China's role in the electric vehicle supply chain, particularly when it comes to batteries. But that ...