Day: May 25, 2023
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WEEK IN REVIEW: Zambia Debt | Lula’s China Diss | China-Africa Journalism
Zambia suffered a major setback this week in its nearly three-year odyssey to restructure $32 billion of debt when the country's bilateral creditors led by China and France pushed back against bondholders. Plus, Brazilian President Luiz Inácio Lula da Silva issued ...
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Philippines Digs in Heels in South China Sea While Also Cautioning Restraint
The Philippines appears to be employing a strategy of resolve and restraint in the South China Sea amid some of the most dangerous confrontations with China in recent memory. Manila said it will continue to re-supply a ship it grounded in the ...
The South China Sea Crisis is Fast Approaching a Dangerous Tipping Point
The reactions to Sunday's at-sea collisions between Chinese and Philippines maritime forces reveal a very worrisome trend in what's fast becoming one of the world's most dangerous flashpoints. While the incidents were both minor, more like gentle bumps than violent collisions, ...
EU’s Global Gateway Forum Aims to Take On China’s Belt and Road
Wednesday and Thursday will see leaders from twenty countries gathering in Brussels for the Global Gateway Forum, the newest step in the EU’s global infrastructure scheme. The forum comes a week after China’s Belt and Road Forum, which gathered representatives from about 130 countries. ...
IMF Warns China’s Slowdown Could Hit Africa, Debunks Debt Trap Myth
The International Monetary Fund released a set of reports on Africa’s economic outlook and China’s shifting role on the continent. Overall, African economies are slowly rebounding after the double shocks of the pandemic and the Ukraine crisis. However, the IMF warns this recovery is endangered by constrained lending ...
Wang Yi, China's Foreign Minister and S. Jaishankar, Minister of External Affairs of India
In the space of 24 hours, between Sunday and Monday, the foreign ministers from both China and India laid out their respective governments’ positions on the escalating war in the Middle East. In Beijing, China’s top diplomat, Wang Yi, was unsparing in his criticism of ...
Why Felix Tshisekedi’s Visit to Beijing is the Weightiest Trip of His Career
Felix Tshisekedi arrives in China at a politically charged moment at home. 2023 is an election year, he faces a large opposition that not only brings together his prominent opponent Martin Fayulu, but also the former governor of Katanga (and Tshisekedi’s former political ally) Moise Katumbi.
Chinese Hackers Targeted Kenyan Government on Debt: Report
Kenya is abuzz following an exclusive report by Reuters that Chinese entities repeatedly hacked Kenyan government computer networks. The report cites cybersecurity reports and government sources to allege that unidentified Chinese actors surveilled eight Kenyan ministries and government departments for three years. The campaign reportedly included the office ...
This Graph Explains China’s Growing Influence in Latin America
Financial Times recently published a fascinating analysis of the constraints facing U.S. influence in Latin America. While U.S. policymakers face political opposition at home to the increased market access demanded by Latin American governments, the same isn't true for China. China's trade with Latin America surged from $12 ...
Key Lessons From Indonesia’s China-Backed Mining & Infrastructure Ventures
Indonesia is a pioneer among developing countries for its efforts in moving up the EV battery metal value chain. Whereas most other countries like the DR Congo and Chile export raw commodities that are processed elsewhere, Indonesia now requires all of ...