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Ghana Gets Debt Breakthrough

The executive board of the International Monetary Fund (IMF) on Wednesday approved a $3 billion debt bailout deal for Ghana. The debt-distressed country will receive an immediate payment of $600 million. The announcement is a win for China, which co-chaired the official creditor ...

Snapshot: How Chinese Investment in Africa is Shifting

A new set of charts compiled by the China-Mideast researcher Andrea Ghiselli provides an intriguing glimpse of how Chinese investment in Sub-Saharan Africa is evolving. The charts are reportedly based on data from statistical yearbooks and investment bulletins. Big ...

Preview: The G7’s China-Global South Problem

While China won’t formally attend this week’s G7 summit, starting from Thursday in Japan, it’s likely to dominate the discussions anyway. The bloc (made up of France, the United States, the United Kingdom, Germany, Japan, Italy, and Canada) is not known ...

Questions About South Africa’s Arms Scandal Should Go Beyond ‘Malign Influence’

So…since we last spoke, there’ve been some developments… A quick recap: Reuben Brigety, the U.S. ambassador to South Africa, held a press conference Thursday where he alleged that SA supplied arms and ammunition to a Russian cargo ship that docked in Cape ...

Chinese Companies Far Outstrip U.S. Competitors in World Bank Contracts: Study

Chinese companies won about one-third of World Bank contracts over the last ten years, more than ten times the dollar amount awarded to U.S. companies. This is one of the findings of a new Government Accountability Office (GAO) study requested by a group ...

Sudan Crisis is Adding to China’s Debt Woes in Africa

As the civil war in Sudan threatens to turn into a regional conflict, it could take a significant chunk of Chinese financing with it. At least $5 billion worth of Chinese loans to Sudan are now in danger as hundreds of thousands ...

South Africa Urges Caution on BRICS Currency as Global Yuan Use Creeps Up

The BRICS group (Brazil, Russia, India, China, and South Africa) will discuss the feasibility of a joint currency at an upcoming summit in Johannesburg in August. Naledi Pandor, South Africa’s Minister of Foreign Affairs, acknowledged that scheduling the discussion was prompted by calls from member states to move away ...

Pakistani Protestors Burn Historical Chinese Fighter Jet Monument

A Pakistani crowd protesting the arrest of former Prime Minister Imran Khan on corruption charges set fire to a monument celebrating China-Pakistan military cooperation. The monument is a reproduction of the Shenyang F-6 aircraft, a Chinese-made replica of the Soviet MiG-21, ...

China Looms Large At This Week’s ASEAN Summit

Senior officials of the Association of Southeast Asian Nations (ASEAN) are gathering in the remote Indonesian town of Labuan Bajo for the 42nd ASEAN summit taking place this week.  The summit comes as ASEAN is trying to recover from the economic disruption ...

China-Central Asia Summit Confirmed for May 18 and 19

China’s Ministry of Foreign Affairs announced that President Xi Jinping will chair a summit between China and Central Asian states in the northern city of Xi’an on May 18 and 19. The so-called C+C5 summit will include leaders from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, ...

Connecting the Dots: Hunan Province Expands its Trade Clout Beyond Africa

With yearly media blitzes like the China-Africa Economic and Trade Expo, China’s Hunan province is increasingly key to agricultural trade with the continent. This trade jumped by 82.9% last year alone, coming to $2 billion in the first quarter of 2023, according to recent provincial customs data.

China and India Pushing for Coal-Friendly Language in G20

China, India and South Africa are trying to find an agreement within the G20 to allow countries to choose their own roadmap to reducing carbon emissions. The plan, which was detailed to reporters by Indian officials, would counter G20 plans ...
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