WEEK in REVIEW: Chinese FM Criticizes US Missile Deployment in the Philippines

Chinese Foreign Minister Wang Yi speaks during a UN Security Council meeting on the conflict between Ukraine and Russia at the United Nations headquarters in New York City on September 24, 2024. Bryan R. SMITH / AFP

Chinese naval and air forces conducted patrols around a flashpoint reef in the South China Sea on Saturday after a slew of tense encounters with the Philippines in the disputed waterway in recent months. The patrols coincided with joint exercises carried out by the United States, Australia, Japan, New Zealand, and the Philippines in Manila’s Exclusive Economic Zone. (AGENCE FRANCE-PRESSE)

Zambia reached a deal with the China Development Bank (CDB) and the Industrial and Commercial Bank of China (ICBC) to restructure $1.5 billion of debt, according to Finance Minister Situmbeko Musokotwane. While China co-chaired Zambia’s official creditor committee with France, CDB and ICBC opted to negotiate separate deals as commercial lenders. (BLOOMBERG)

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by Eric Olander

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