Analysis
Diverse voices, unique insights on key issues shaping China’s engagement throughout the Global South.
analysis
Sri Lanka Hints at Lukewarm Response to China Exim Bank’s Debt Moratorium Offer
The China Exim Bank has reportedly agreed to grant Sri Lanka a two-year debt repayment moratorium, according to a letter sent by the Chinese policy bank to the Finance Ministry in Colombo. The letter, which has not been made public
Why Africa Shouldn’t Count on Janet Yellen for Debt Help
U.S. Treasury Secretary Janet Yellen is in Africa touting the Biden administration’s reenergized Africa policy. Her visit comes as several African countries are struggling with debt distress and Zambia and Ghana have officially defaulted. Debt’s prominence as a talking point is somewhat awkward, considering ...
China’s Overseas Development Finance Totaled $10.5 Billion in 2020-21, Lowest in Recent Years
By Rebecca Ray After providing a staggering amount of finance for overseas development projects in the wake of the global financial crisis, Chinese overseas development finance has been on a general downward trend for several years. New data shows the pandemic ...
India Supports Sri Lanka’s Debt Restructuring Process
Sri Lanka has reportedly secured India’s support for its debt restructuring process. According to Reuters, an Indian Finance Ministry official sent a message to the International Monetary Fund that it “strongly supports” the debt-ridden country’s economic recovery plan. Indian External Affairs
China’s Provinces as Global Actors: Evidence From China-Africa Relations
By Charlotte Lenz With the launch in the early 2000s of China’s ‘Going Global’ Strategy, Chinese provinces became one group of actors participating in China’s South-South relations. This has complicated our perception of China, which is often still seen as a ...
India’s External Affairs Minister Heads to Sri Lanka After China Sends Positive Signals on Debt Deal
The Sri Lankan government is now on the verge of closing a deal to secure a $2.9 billion emergency financial package from the International Monetary Fund following new assurances from its two largest bilateral creditors, India and China. Colombo got the desperately ...
Uganda Cancels Chinese Rail Deal After 8-Year Financing Lag
The government of Uganda announced that it canceled a 2015 contract with China Harbor Engineering Co. (CHEC) to build a rail line linking the capital of Kampala and the Kenyan border. This follows an eight-year lag as the contractor failed to get Chinese policy bank funding for the ...
Chinese Trade was Bigger Than Ever Last Year, But 2023 has Everyone Worried
For the first time ever, China broke the symbolically important 40 trillion yuan ($6.27 trillion) record for global trade in a single year, according to new full-year 2022 trade data released by Chinese customs authorities. Overall, last year's 7.7% annual increase ...
China-India Relations in 2023: The Challenging Year Ahead
By Saniya Kulkarni and Lukas Fiala On December 9th, Chinese and Indian troops clashed once again along the Line of Actual Control (LAC) that separates northern India from China. Following on from previous confrontations, this latest skirmish might appear to ...
Q&A: Why is Benin on Chinese Foreign Minister Qin Gang’s African Tour Itinerary?
The newly appointed head of Chinese diplomacy, Qin Gang, has begun his first African tour which will take him to five countries. A visit that is part of the long tradition of Chinese diplomacy to reserve the first overseas tour to the African continent. ...
Qin Gang Kicks Off African Tour with AU Commission Strategic Dialogue
"Africa should be a big stage for the international cooperation, not an arena for major countries competition." This was the message from Chinese Foreign Minister Qin Gang, speaking during a press conference with AU Commission head Moussa Faki Mahamat in Addis Ababa on Wednesday. ...
China’s New FM Greeted as Old Friend in Ethiopia on First Stop of Africa Tour
Qin Gang landed in Addis Ababa early Tuesday morning to kick off his first tour of Africa as China's new Foreign Minister. Qin spent the morning with his Ethiopian counterpart Demeke Mekonnen at the foreign ministry, where the two later hosted a joint ...