Day: September 16, 2025

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Indonesia to Renegotiate High-Speed Rail Cost-Sharing with China

Indonesia will reopen talks with China on how to split a $1.2 billion cost overrun on the Jakarta–Bandung high-speed rail, Whoosh, as a new state holding prepares a debt restructuring for the operator. Whoosh is a 142-kilometer Jakarta–Bandung line that ...

Chinese and Philippine Ships Collide Near Shoal, Tensions Flare

China’s coast guard used water cannons against Philippine ships and accused Manila of ramming, days after declaring a nature reserve. The Philippines said its vessel was heavily damaged and a crew member was injured during the confrontation. China’s Coast ...

Pakistani President Becomes First Foreign Leader to Visit Chinese Weapons Factory

Pakistan’s President Asif Ali Zardari visited China’s largest manufacturer of military aircraft on Sunday, becoming the first foreign state leader to do so. He toured the assembly line of Aviation Industry Corporation of China (AVIC), the maker of the J-10C fighter jet.

Why Chinese Companies Are Pouring Money Into Brazil

China’s economic ties with Brazil are booming, and 2024 saw a stunning 113% jump in Chinese investment, totaling $4.2 billion across 39 projects, the highest number ever, according to a new report by the Brazil-China Business Council.

Papua New Guinea, Australia Will Commit to Mutual Defense to Counter “Emerging Threats”

A new defense treaty between Australia and Papua New Guinea commits to defending each other if they are attacked in the face of "emerging threats", a copy of the deal seen by AFP on Tuesday showed. The pact -- seen as ...

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 ...