Day: June 15, 2023
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WEEK IN REVIEW: Ethiopia Widely Expected to Default on Portion of Its Debt
Ethiopia is widely expected to default on a portion of its debt as the government warned it will not be able to make a $33 million bond payment due on Monday. Ethiopia is in the midst of Chinese-led debt restructuring talks under the G20's Common Framework initiative.
Related Posts
China’s Crisis Diplomacy Is in Overdrive – but to What Effect?
By Lukas Fiala 方朗克 When China’s Horn of Africa Envoy, Xue Bing, returned to Ethiopia earlier this week, he did so in the context of China’s increasingly proactive diplomacy across Africa and the Middle East. From the conflict in Gaza to the peace ...
WEEK IN REVIEW: Ethiopia Debt Update | China @COP28 | Chinese Energy Projects in Africa
Ethiopia is the latest African country that is now teetering on the verge of default after the government announced this week that it would not be able to make a $33 million bond payment. Eric speaks with Mark Bohlund, a senior ...
The Chinese on the Lion Mountain: Peering Into China’s Evolving Diaspora and Soft Power in Sierra Leone
A casino sits on the northwestern tip of Freetown, Sierra Leone, West Africa. Shining neon lights unquelled by the hourly power outages adorn its exterior, flashing hues of pink, green, and yellow onto the red lanterns hanging outside the main entrance. Women dressed in qipaos deal cards ...
TikTok Finds Its Way Back Into Indonesia’s Booming E-Commerce Market
Chinese-owned TikTok announced on Monday that it is taking over 75% stake in Tokopedia, the Indonesian e-commerce unit of GoTo’s super-app ecosystem. The company said that it will spend a total of $1.5 billion and that the transaction will be completed by the first quarter of ...
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A man uses his smartphone as a giant screen broadcasts news showing Chinese President Xi Jinping shaking hands with Cheng Li-wun, chairperson of the Kuomintang (KMT), Taiwan's largest opposition party at the Great Hall of the People in Beijing, China, April 10, 2026. REUTERS/Maxim Shemetov
By Peter Apps As U.S. Vice President JD Vance returned to Washington last weekend after unsuccessful peace talks in Pakistan over the crisis in the Gulf, China’s Foreign Ministry was preparing for a bumper slate of visitors, including Russian Foreign Minister Sergei Lavrov and the leaders ...
Searching for Climate Solutions In a Haze of Geopolitics
In the afternoons when I would reach for the air conditioner’s remote control, unable to go on without turning on the cooling machine, I grieve a little. I know it didn’t used to be this hot. I remember playing outside as a child at this hour. The ...
China Offers Solar Help to Blackout-Ridden South Africa
China has offered to donate solar panels and generators to South Africa to keep the lights on at key facilities like hospitals. The offer comes as green energy is increasingly emerging as a field for diplomatic engagement between Beijing and developing countries.
Backgrounder: China’s Global South Climate Diplomacy
China passed a notable milestone recently: for the first time, more than half of its installed electricity capacity came from renewable sources. This puts China far ahead of other global powers, despite the fact that China remains one of the world's largest markets for hydrocarbons. Beijing is increasingly using ...
China Commits to Palestinian Statehood
China committed to playing ‘a positive role’ in trying to resolve the ongoing Israeli-Palestinian dispute following the meeting on Wednesday between President Xi Jinping and the head of the Palestinian Authority, Mahmoud Abbas. The two signed a bilateral strategic partnership which includes a ...
Graph of the Day: Where Does China’s Coal Come From?
Finland's Center for Research on Energy and Clean Air recently published a fascinating report on recent fluctuations in China's coal imports. Imports have spiked due to politics-inflected resumptions of imports from Indonesia and Australia, as well as because of moves to ...
Messi Shouts Out Chinese Fans on Taobao
Argentinian football phenom Lionel Messi appealed to his Chinese fans in the most Chinese way possible: via a live appearance on the giant e-commerce platform Taobao. Flanked by Chinese e-commerce influencers, Messi wished Chinese fans a "happy Dragon Boat Festival." While ...
New Chinese-Backed Refinery Could Help Angola Shift From Importing Petroleum Products to Becoming an Exporter
Flush with petroleum, Angola is one of the world’s largest oil producers yet still starved for energy. The problem is that the country lacks sufficient refining capacity, forcing it, like other African oil-exporting countries, to import most of its petroleum products. ...
Tensions Flare in Ancient Thai City Over New Chinese-Backed High-Speed Railway
Majestic royal palaces, serene Buddhist monasteries, and ancient sacred Buddhist relics known as stupas with intricate carvings stand in stillness, towering above a viewer gazing from the ground. This is Thailand’s Historic City of Ayutthaya: the old city north of the capital Bangkok situated in the middle of ...