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China Shouldn’t be Surprised More Countries in Asia Are Turning to the U.S., Says Envoy to Japan

Rahm Emanuel, the U.S. ambassador to Japan, blamed China for increasing tensions in East Asia. Speaking with CNN, he framed regional military buildups and the strengthening of U.S.-centric blocs like the Quad (a defense-focused alliance between the U.S., Australia, Japan and India) as responses to Chinese aggression. Beijing tends to ...

China is the “Clear and Present Danger” Facing Australia, Warn Security Analysts

Australia should prepare for a U.S.-China war within three years and should consider reinstating the draft and reintroducing nuclear weapons.  These were some of the talking points at a recent roundtable convened by the Sydney Morning Herald and The Age on national ...

Ajay Banga in Africa to Rally Support for World Bank Leadership Amid Stand-off With China

Ajay Banga, U.S. President Joe Biden’s nominee to head the World Bank, is on a ‘listening tour’ of Africa to drum up support for his nomination. Banga kicked off his visit to the continent in Ivory Coast and Kenya. As a veteran ...

Senior U.S. Diplomat Criticizes China’s Role in Sri Lankan Debt Restructuring

Yet another U.S. government official has added to the war of words between Washington and Beijing on debt restructuring. Ramin Toloui, Assistant Secretary for the Bureau of Economic and Business Affairs at the US Department of State, was asked about China’s ...

Controversial China Square Shopping Mall Re-Opens in Nairobi, Prompting Heated Debate About Chinese Imports

Nearly two weeks after being shuttered due to protests from competing traders, China Square, a Nairobi shop selling inexpensive Chinese imports, is back in business. This follows talks between the Kenyan authorities and the local Chinese chamber of commerce. It seems that ...

Huge Lithium Deposit in Found in Iran

The Iranian authorities say they found the world’s second-largest deposit of lithium in the mountainous province of Hamedan. At an estimated 8.5 million tons, the Hamedan lithium haul would be second only to Chile’s estimated 9.2 million ton deposit. It could ...

Uganda is the Latest Stop for High-Level CPC Delegation Touring East Africa

While U.S. lawmakers see themselves in an “existential struggle” with the Communist Party of China (CPC), Party officials are getting a considerably warmer reception in Africa. Li Mingxiang, the Vice Minister of the International Department of the CPC’s Central Committee, met with ...

Ghana President Hopeful for IMF Deal in March

Ghana’s President Nana Akufo-Addo is optimistic that the debt-ridden country will reach a bailout deal with the International Monetary Fund by the end of the month. Speaking at a gathering of ambassadors and high-level officials, Akufo-Addo said: “I’m confident that with ...

China’s Premier Promises IMF Chief “Constructive” Cooperation on Debt

Chinese Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating “in a constructive manner” with debt restructuring efforts. During a call with IMF Managing Director Kristalina Georgieva, Li said: “China is willing to take ...

Kenyan Merchants and Consumers Face Off Over Chinese Imports

Kenyan traders staged a street protest against Chinese competitors they say are undercutting them. This follows the targeting of China Square by Trade Secretary Moses Kuria. The popular new Chinese-run store offers imported products at prices 50% lower than traders.

China Sticks to Its Position That Its Not to Blame for Delays in Zambia’s Debt Restructuring Process

Any hope China would soften its hardline position on debt restructuring following last weekend's talks among G20 finance ministers was dashed on Monday when Foreign Ministry Spokesperson Mao Ning restated Beijing's longstanding demand that multilateral creditors also take losses on their loans to developing countries. ...

IMF Head Flatly Rejects China’s Call for Multilateral Development Banks to Take Losses on Loans: “Not Possible”

International Monetary Fund Managing Director Kristalina Georgieva flatly rejected China's demand for multilateral development banks (MDBs) to accept losses or "haircuts" for loans to the world's poorest countries. "Not possible" she bluntly declared in an interview with Bloomberg following this weekend's ...
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