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Fitch Ratings Dismisses China’s Calls for Multilateral Development Banks to Take Losses on Loans to Poor Countries

One of the world's most important credit ratings agencies, Fitch Ratings, warned investors that China's demands for multilateral creditors to take losses on their loans to developing countries would undermine their all-important credit rating, but added there's not much to worry about since Beijing remains isolated on ...

China is Increasingly Determined to “De-Dollarize” Its International Trade

When Prime Minister Anwar Ibrahim went to Malaysia's parliament this week to brief lawmakers on his recent trip to China, he emphasized his discussions with President Xi Jinping about transitioning away from relying solely on the U.S. dollar for trade. “There ...

Mixed Views in the Chinese Discourse About the Rise of the Yuan and Fall of the Dollar

A similar split of opinions exists in China as in the West between experts who see greater yuan internationalization economically and those who frame the issue in geopolitical terms. These differences of opinion are playing out this week across different Chinese ...

Chinese State Media Propagated Fake News Story About U.S. Response to China-Brazil Currency Swap Deal

A unit of China's state-run CGTN television broadcaster repackaged misinformation about a purported U.S. response to China's currency exchange deal with Brazil and then shared it on social media, where it was re-posted by a Chinese ambassador in Africa. The original ...

China Battles Six Other Countries to Run UN Maritime Agency

China is standing off against six other countries, including Kenya, Türkiye and Panama to lead the London-based International Maritime Organization, a United Nations specialized agency. Panama was widely thought to be the front-runner until Finland and China submitted candidates right before ...

Analysis from Cobus van Staden

Joint Battlefield Training to Raise Pressure in South China Sea

The U.S. military will reportedly introduce joint combat training with the Philippines in June. Major General Marcus Evans, commander of the U.S. 25th Infantry Division, told the Associated Press that the training would increase the Philippine army’s ability to fight in challenging jungle conditions.
The training will run from June 1 to 10. At Manila’s request, the training will be held in Philippine territory for the first time. It will involve about 2,000 people ...

China’s CiEG Signs 2.4 Giga-Watts Power-Purchase Agreement With Zambia’s Zesco Amidst Debt Crisis

The Integrated Clean Energy Power Company Ltd (CiEG) of China signed a Power-Purchase Agreement (PPA) on Monday with the Zambia Electricity Supply Corporation (Zesco) for the generation of 2,400 Megawatts (MW) of renewable energy. In a statement from Peter Chibwe ...