Day: October 25, 2023
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WEEK IN REVIEW: Zambia Debt | Lula’s China Diss | China-Africa Journalism
Zambia suffered a major setback this week in its nearly three-year odyssey to restructure $32 billion of debt when the country's bilateral creditors led by China and France pushed back against bondholders. Plus, Brazilian President Luiz Inácio Lula da Silva issued ...
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Philippines Digs in Heels in South China Sea While Also Cautioning Restraint
The Philippines appears to be employing a strategy of resolve and restraint in the South China Sea amid some of the most dangerous confrontations with China in recent memory. Manila said it will continue to re-supply a ship it grounded in the ...
The South China Sea Crisis is Fast Approaching a Dangerous Tipping Point
The reactions to Sunday's at-sea collisions between Chinese and Philippines maritime forces reveal a very worrisome trend in what's fast becoming one of the world's most dangerous flashpoints. While the incidents were both minor, more like gentle bumps than violent collisions, ...
EU’s Global Gateway Forum Aims to Take On China’s Belt and Road
Wednesday and Thursday will see leaders from twenty countries gathering in Brussels for the Global Gateway Forum, the newest step in the EU’s global infrastructure scheme. The forum comes a week after China’s Belt and Road Forum, which gathered representatives from about 130 countries. ...
IMF Warns China’s Slowdown Could Hit Africa, Debunks Debt Trap Myth
The International Monetary Fund released a set of reports on Africa’s economic outlook and China’s shifting role on the continent. Overall, African economies are slowly rebounding after the double shocks of the pandemic and the Ukraine crisis. However, the IMF warns this recovery is endangered by constrained lending ...
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 ...
Philippines Digs in Heels in South China Sea While Also Cautioning Restraint
The Philippines appears to be employing a strategy of resolve and restraint in the South China Sea amid some of the most dangerous confrontations with China in recent memory. Manila said it will continue to re-supply a ship it grounded in the ...
The South China Sea Crisis is Fast Approaching a Dangerous Tipping Point
The reactions to Sunday's at-sea collisions between Chinese and Philippines maritime forces reveal a very worrisome trend in what's fast becoming one of the world's most dangerous flashpoints. While the incidents were both minor, more like gentle bumps than violent collisions, ...
EU’s Global Gateway Forum Aims to Take On China’s Belt and Road
Wednesday and Thursday will see leaders from twenty countries gathering in Brussels for the Global Gateway Forum, the newest step in the EU’s global infrastructure scheme. The forum comes a week after China’s Belt and Road Forum, which gathered representatives from about 130 countries. ...
IMF Warns China’s Slowdown Could Hit Africa, Debunks Debt Trap Myth
The International Monetary Fund released a set of reports on Africa’s economic outlook and China’s shifting role on the continent. Overall, African economies are slowly rebounding after the double shocks of the pandemic and the Ukraine crisis. However, the IMF warns this recovery is endangered by constrained lending ...
Kenya’s President Didn’t Go to China to Get New Loans, Says Finance Minister
Senior Kenyan officials are trying to set the record straight about President William Ruto's trip to China last week and whether he went there with a billion-dollar request for new loans. Before he left, Deputy President Rigathi Gachagua told a radio interviewer ...
South Africa’s Rand Merchant Bank and China Construction Bank Boost Ties for Trade, Financing
South Africa’s Rand Merchant Bank and China Construction Bank have extended a partnership for another five years to foster trade relations between China and Africa. The two will focus over the next five years on supporting customers within the China-Africa corridor ...
China Protests Illegal Fishing Accusations
China is furiously protesting claims that its distant water fishing fleets are involved in rampant illegal, unreported, and unregulated (IUU) fishing in waters as far away as South America. This follows a report by the U.S. National Oceanic and Atmospheric Association ...