Day: August 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.
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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 ...
Aerial view of heavy air pollution from nickel processing industries covering the Weda Bay area on Halmahera Island, North Maluku, Indonesia, August 2024. (CGSP / Mas Agung Wilis Yudha Baskoro)
By Joan Aurelia In July 2024, then-president Joko Widodo said Indonesia must “become a global player in the EV supply chain.” He was speaking at the inauguration of a Hyundai EV and battery factory in Karawang, West Java, where government officials declared the country’s commitment to ...
South Africa, China Ink Trade Deals Ahead of Xi Visit
South Africa and China signed about $2.2 billion in new trade and economic deals ahead of Chinese President Xi Jinping’s upcoming visit to Johannesburg next week. Xi will be in town for both the BRICS summit and a bilateral state visit. The deals
India-China Border Talks Resume, Raising Hopes of a Xi-Modi Meeting
China and India held joint talks about their contested border a week before President Xi Jinping and Prime Minister Narendra Modi will both attend the BRICS summit in Johannesburg. Xi will also travel to New Delhi for G20 meetings next month. Observers see the meetings as a signal of a ...
An Unforgettable Journey on East Africa’s Chinese-Built Railways, Old and New
“You seem to have been working for many years for the TAZARA,” curious about the railway, I asked the old electrician. “I’ve been working for this railway for 30 years.” He was repairing wires between carriages.
Pivot to Asia: Why the Near Abroad is Now China’s Top Priority
For much of the past 20 years, China sought to radically expand its presence beyond its traditional spheres of influence to new regions in Africa, the Americas, and the Middle East. China lent billions to countries in these regions and devoted ...