Day: April 5, 2023
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China, India Push Emissions Higher as COP28 Struggles with Fossil Fuels
Planet-heating carbon dioxide emissions grew by 1.1% this year, largely driven by an economic resurgence in China, India, and the aviation industry, according to projections by the Global Carbon Budget. The news comes as disputes around how to deal with carbon emissions ...
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Bahrain’s Top Climate Negotiator Jokes With Chinese Counterpart That He’s Been “Busy Finding Oil”
China's Special Envoy for Climate Change Xie Zhenhua was caught in an uncomfortable situation at the COP28 conference in Dubai when a reporter from Sky News recorded him in what appears to be an awkward conversation with his counterpart from Bahrain, Mohamed bin Mubarak bin Daina.
China Excoriates U.S. as Culprit in Philippine Tensions in South China Sea
Chinese media and official channels shifted into overdrive this week in condemnation of U.S. hegemony as the true source of tensions in the South China Sea, despite the friction ostensibly being a China-Philippines territorial dispute. Government statements called out the U.S.’s ...
What the U.S. Needs to Do to Better Compete With China in Development Finance
There's a growing sense of anxiety in Washington over what the U.S. can do to better compete with China to finance infrastructure in developing countries around the world. For much of the past three years, the Biden administration has made the ...
Ghanaian Court Jails the Notorious Chinese “Galamsey Queen” for Illegal Mining
Aisha Huang will spend the next four and a half years in a Ghanaian jail cell after the Accra High Court handed down a ruling on Monday that dominated the news in the West African country. Huang, who was known as the ...
A drone view of the Panamanian‑flagged Crimson Delight vessel sailing through the Panama Canal as the U.S. Federal Maritime Commission (FMC) said on Thursday it is closely monitoring a surge in detentions of Panama‑flagged vessels in China, a development that appears linked to a Panama court ruling against Hong Kong‑based CK Hutchison, in Gamboa, Panama, March 27, 2026. REUTERS/Enea Lebrun TPX IMAGES OF THE DAY
More than two months ago, Panama’s Supreme Court annulled a long-standing contract that allowed Hong Kong-based company CK Hutchison to operate the ports of Balboa and Cristobal, located at either end of the Panama Canal. The decision essentially removed a Chinese-linked company from two of the most strategically important nodes in ...
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 ...
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 ...