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How Chinese Construction Giant Sinohydro Benefits From Sanctions and Power Shortages in Zimbabwe

Sanctioned and isolated by the West, Zimbabwe’s economy has taken a beating for more than two decades but in that period, a number of Chinese companies have stuck it out and become favorites winning contracts for big-ticket projects. Chinese state-owned Sinohydro ...

Welcome to the New Era Where China Writes the Rules

Everyone's hailing the Zambian debt restructuring agreement that was unveiled on Friday in Paris as a major breakthrough in debt relief for the world's poorest countries. While we don't have a lot of information about what's specifically stipulated in the deal, ...

Zambia’s Landmark Debt Deal Highlights China’s Success in Setting New Rules for Development Finance

Zambian President Haikinde Hichilema looked visibly relieved following Friday's announcement that the country's creditor committee had finally reached an agreement to restructure $6.3 billion of bilateral external debt. The deal that took more than two years to finalize was unveiled by ...

Investors Cautiously Optimistic About Zambia Debt Deal, But Still Wary About China’s Role

Investors welcomed the news of Zambia's debt restructuring deal with a mini rally on Friday in the country's dollar-denominated bonds. Government bonds from Ghana, Pakistan and Sri Lanka also saw similar bumps prompted by new optimism their debt restructurings will follow Zambia's example.

Chinese Media Noticeably Quiet on Zambian Debt Deal

Most major financial news outlets in the U.S. and Europe featured prominent coverage of Friday's landmark Zambian debt restructuring deal but the story was barely mentioned in China. The official state-run Xinhua news agency published a short summary of the announcement but, ...

Analysis from Cobus van Staden

Joint Battlefield Training to Raise Pressure in South China Sea

The U.S. military will reportedly introduce joint combat training with the Philippines in June. Major General Marcus Evans, commander of the U.S. 25th Infantry Division, told the Associated Press that the training would increase the Philippine army’s ability to fight in challenging jungle conditions.
The training will run from June 1 to 10. At Manila’s request, the training will be held in Philippine territory for the first time. It will involve about 2,000 people ...

Hichilema Refutes Western Accusations China Was to Blame for Delays in Zambia’s Debt Restructuring

Zambian President Haikinde Hichilema rejected longstanding accusations by Western governments and institutions that China was to blame for how long it took to reach a debt restructuring agreement. The president told Bloomberg TV after the deal was announced on Friday in ...

Vietnam PM Arrives in China for Visit as a U.S. Aircraft Carrier Arrives

Vietnam's legendary great power hedging strategy was on full display this weekend when the massive U.S. aircraft carrier Ronald Reagan arrived in the central city of Da Nang for a rare port of call -- in fact, only the third time that a U.S. aircraft carrier has docked ...

U.S. Insists Modi’s Visit Wasn’t About China… Except That It Was

The United States rejected suggestions that Indian Prime Minister Narendra Modi's three day visit to the United States last week was about leveraging New Delhi in Washington's rivalry against China. Although China was on the agenda in talks between Modi and ...