Day: June 27, 2023
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China Bolsters Ties With Uruguay in a Bid to Diversify Its Economic Relations in South America
China is moving to bolster its diplomatic ties in South America in a bid to pressure one of the region's lone holdouts that still recognizes Taiwan and diversify its trade beyond the continent's major powers. Uruguayan President Luis Alberto Lacalle Pou ...
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China Sends Tough Love Message to Argentina’s President-Elect
The Chinese government is putting on a brave face in response to the election of Argentina's far-right president-elect Javier Milei who regularly denounced Beijing in the campaign and even compared China to a “murderer.” President Xi Jinping sent the usual congratulatory ...
Australia-Philippines Joint Military Patrols Begin in South China Sea Week After Similar U.S.-Philippine Patrols
Australia and the Philippines have begun joint sea and air patrols in the South China Sea amid growing tensions with China. Australian warship HMAS Toowoomba on Saturday began "Maritime Cooperative Activity" in the Exclusive Economic Zone (EEZ) of the Philippines, under a ...
China-Myanmar Ties Further Strained After Truck Convoy Torched After Crossing Border Into Myanmar
Myanmar’s beleaguered military government is accusing insurgents of torching dozens of trucks carrying goods from China, as Myanmar’s factional fighting further destabilizes the two countries’ border and strains relations. The fire on Friday in the town of Muse — recorded in ...
The Implosion of Zambia’s Debt Deal Signals Wider Worries
Delays in restructuring Zambian debt are weighing on the country’s economy and raise wider questions about the future of debt relief mechanisms around the world. Zambia appears stuck since the announcement last Monday that its committee of official creditors rejected a deal between ...
Environmental activists from Wahana Lingkungan Hidup (WALHI) organization wearing orangutan masks unfurled banners and posters during the International Action Day of Protest Against Bank of China in Jakarta, Friday, March 1, 2019.(Photo by Aditya Irawan/NurPhoto) (Photo by Aditya Irawan / NurPhoto / NurPhoto via AFP)
A Chinese-backed hydropower project in Indonesia is emerging as an example of a growing challenge in Beijing’s overseas investments. Compliance with host-country regulations may no longer be enough to shield projects from disruption, scrutiny, or reputational risk. The Batang Toru hydropower project is a major ...
Sri Lankan President Upbeat About Debt Deal Amid Geopolitical Pressure
Sri Lankan President Ranil Wickremesinghe confirmed that Sri Lanka plans to announce a plan to deal with its domestic debt this week, in line with IMF benchmarks. In an interview with France24, he dismissed fears that China is delaying the process, after Chinese creditors didn’t join official debt talks in April. ...
Connecting the Dots: How China is Reshaping the Middle East Energy Economy and How the ME is Responding
The CEO of the massive state oil company Saudi Aramco told an industry gathering this week that large oil buys from China and India are keeping oil fundamentals “sound” for the remainder of 2023, despite price pressures among traditional clients. This comes ...
China-Pakistan Cooperation on Weapons, Border Construction: Reports
Press outlets in India are reporting that Chinese entities are working with the Pakistani army to build infrastructure along the de facto India-Pakistan border (known as the Line of Control), which runs through the disputed Kashmir region. Reports allege that Chinese ...
A Primer on the Escalating Tensions in the South China Sea
The South China Sea is one of the world's most strategically vital maritime zones where more than $5 trillion of trade passes through each year -- a whopping 60% of the globe's total maritime commerce. It's also the epicenter of an ...