Day: May 10, 2023

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The U.S. Has Got to Find a Better Way to Talk About China

Apparently, U.S. National Security Advisor Jake Sullivan seems to think the best way to counter China's surging influence in the Middle East is to propose building a massive railway that will connect the Indian sub-continent to the Middle East via Persian Gulf states.

The World Bank and the IMF Are Not Aligned on China’s Response to Global South Debt Crisis

Just a few days after International Monetary Fund Managing Director Kristalina Georgieva said real progress is being made in unblocking the impasse between China and developing countries over debt relief, her counterpart at the World Bank, David Malpass, conveyed a very different message on Bloomberg Television. 

China Observes But Doesn’t Participate in Sri Lanka’s Inaugural Debt Meeting

Sri Lanka's major bilateral creditors convened their first meeting on Tuesday, but the country's largest bilateral lender, China, was in the room but only as an observer. “If China decides to participate, we would welcome it,” Masato Kanda, Japan’s vice minister ...

Power Minister Warns That West Pakistan Will Turn to China if IMF Financing Doesn’t Come Through

Pakistan's Power Minister Dastgir Khan issued a blunt warning to the U.S. and other Western countries that if they want to keep Islamabad from becoming even more closely aligned with China, they need to make sure that an IMF rescue deal gets signed.

Taiwan, South China Sea and Other China-related Issues Loom Large at ASEAN Leaders Summit in Indonesia

Mounting concerns over Taiwan and maritime territorial disputes in the South China Sea figured prominently on the opening day of a Southeast Asian leaders summit in Indonesia. Philippine President Ferdinand Marcos, Jr. said on Tuesday that he plans to raise the ...

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 ...

Chinese Auto Exports Surge as PRC Brands Gain Traction in Global South

Chinese auto exports around the world jumped 70% in the first quarter of the year compared to the same period last year, according to new customs data. And it appears that Chinese auto manufacturers are earning more from each ...