Follow CGSP on Social Media

Listen to the CGSP Podcast

If You’re Going to Criticize China For Its Lending Practices, Make Sure to At Least Get Your Facts Right

by Eric Olander
Chinese Foreign Minister Wang Yi (L) speaks with Sri Lanka's Prime Minister Malinda Rajapakse during an official meeting in Colombo on January 9, 2022. Ishara S. KODIKARA / AFP

The central bank in Sri Lanka will make a $500 million payment on Tuesday to bondholders, the first tranche of $4.5 billion in debt servicing obligations that Colombo is due to pay this year.

The South Asian island state is in the midst of a full-blown financial crisis brought on by a combination of surging inflation, higher import costs, and rising commodity prices.

…

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More

You Might Like

Don’t Worry Africa… China Isn’t Going to Seize Your Assets, But They’re Also Not Going to Forgive Your Debts

There is a sense of anxiety over Chinese debt in several African countries and beyond. From Zambia to Kenya, Uganda, and now even in the small Balkan country of Montenegro. Repeated ...

IMF = Good, China = Debt Trap 🤦🏾

The New York-based geopolitical consulting firm Eurasia Group’s media unit, GZERO, published a new infographic on Thursday that sums up the deeply ingrained yet highly simplistic media narrative in the United States about Western institutions ...

Report Debunking Kenya’s Mombasa Port Panic Leads to Debt Trap Reckoning from Press

African press outlets are reacting to a new report debunking the idea that China will seize Kenya’s Mombasa port in the event of a default on its Standard Gauge Railway loan. But the ...

What is The China-Africa Project?

Independent

The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

Subscribe