Month: May 2023
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TRANSLATION: In Africa, the Chinese Are Scapegoats
The following is a translation of a post by popular Africa-based WeChat content creator Nie Shaorui 聂少锐. The original post can be read in Chinese on his WeChat page at 小聂说事儿. This article has been edited lightly for clarity. When ...
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 ...
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 ...
China Looms Large At This Week’s ASEAN Summit
Senior officials of the Association of Southeast Asian Nations (ASEAN) are gathering in the remote Indonesian town of Labuan Bajo for the 42nd ASEAN summit taking place this week. The summit comes as ASEAN is trying to recover from the economic disruption ...
China-Central Asia Summit Confirmed for May 18 and 19
China’s Ministry of Foreign Affairs announced that President Xi Jinping will chair a summit between China and Central Asian states in the northern city of Xi’an on May 18 and 19. The so-called C+C5 summit will include leaders from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, ...
Connecting the Dots: Hunan Province Expands its Trade Clout Beyond Africa
With yearly media blitzes like the China-Africa Economic and Trade Expo, China’s Hunan province is increasingly key to agricultural trade with the continent. This trade jumped by 82.9% last year alone, coming to $2 billion in the first quarter of 2023, according to recent provincial customs data.
The Real Drivers and Impacts of Chinese Overseas Lending and Development Finance
By Oyintarelado Moses Debates about the drivers and impacts of Chinese overseas lending and development finance (OLDF) have accompanied the rise of China as the world’s largest official bilateral lender. Amidst stalled debt negotiations under the ...
China’s Confusing, Contradictory Policy on Coal Power
In September 2021, President Xi Jinping announced at the United Nations that China would immediately halt all financing of coal power projects abroad as part of Beijing's broader ambition to achieve carbon neutrality by 2060. ...