Day: June 21, 2024

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Philippines Says China Sea Clash Doesn’t Invoke U.S. Defense Pact

A South China Sea confrontation this week, in which Chinese coast guard personnel brandished weapons and rammed Philippine naval boats, does not trigger Manila's mutual defense pact with the United States, a presidential spokesperson said Friday. Footage released by Manila showed ...

WEEK IN REVIEW: China and the Philippines Inch Closer to Conflict in the South China Sea

China and the Philippines Inch Closer to Conflict in the South China Sea. Don McLain Gill, a Manila-based geopolitical analyst, said that the situation was now at “a critical juncture” and that “the ball is in the court of the U.S.-Philippines alliance.” (THE DIPLOMAT) ...

Chinese Oil Permit in the Congo Threatens Park, Must Be Scrapped, Says NGO

An oil exploration permit held by a Chinese company in Congo-Brazzaville could threaten the ecosystem of one of the country's national parks and should be scrapped, a U.S. environmental group said on Thursday. Congo Brazzaville awarded the oil exploration permit to ...

Who Will Succeed Amidst Global Economic Fragmentation?

By Lukas Fiala It’s hard to go a day without reading about new economic security measures on either side of the Atlantic. From EU tariffs on Chinese electric vehicles to the U.S. Treasury’s sanctions on China’s dual-use trade with Russia, the ...

How China’s Changing Economy is Impacting Africa?

Back in the early 2000s, when Chinese engagement in Africa started to ramp up, China was enjoying double-digit growth and devoured vast quantities of African oil, minerals, and timber to feed its surging manufacturing sector. ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...