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Chinese Firms Branch Out from Relying on Development Finance in Latin America and the Caribbean

By Rebecca Ray In 2023, China’s two most active development finance institutions (DFIs) – the China Development Bank (CDB) and the Export-Import Bank of China – committed just $1.3 billion in new sovereign finance to Latin American and Caribbean (LAC) ...

Analysis from Cobus van Staden

Philippine President Ramps Up Rhetoric as Local Attitudes Harden

The President of the Philippines, Ferdinand Marcos Jr., told soldiers to be ready for any conflict amid a potential overlap of his country’s tensions with China in the South China Sea and growing tensions between China and Taiwan.
Speaking to troops at a base in the northern Isabela province on Monday, Marcos said: “The external threat now has become more pronounced, has become more worrisome, and that is why we have to ...

Graph of the Day: The Fall in Chinese Infrastructure Funding in Southeast Asia

A new report by the Australian research body the Lowy Institute maps a sharp decline in Chinese infrastructure funding to Southeast Asia, partly due to the COVID pandemic. However, the authors said "ongoing projects mean Beijing looks set to remain the dominant infrastructure financier in the region."  ...

The Future of Chinese Development Finance in Africa

Chinese development finance in Africa today is a small fraction of what it was a decade ago when Beijing's policy banks provided billions of dollars in loans to countries across the continent. But while those ...

Pakistan PM to Visit China Next Week: Beijing

Pakistan's Prime Minister Shehbaz Sharif will visit China and meet President Xi Jinping next week, Beijing's foreign ministry said on Friday. Beijing is Islamabad's closest regional ally, readily providing financial assistance to bail out its often-struggling neighbor.

Cambodia to Begin Work on Controversial Chinese-Backed Canal in August: PM

Cambodia will start work on a controversial $1.7-billion canal linking the capital, Phnom Penh, to the sea in August, Prime Minister Hun Manet said Thursday. The Chinese-backed Funan Techo canal has sparked fears in neighboring Vietnam that it could be used ...

Chinese-Financed Light Rail Launches in Nigeria’s Capital Abuja

It took 12 years to build, but work on the Abuja light rail is finally complete. President Bola Tinubu officially commissioned the Chinese-financed and built commuter rail line on Wednesday and announced that rides would be free for all residents in the capital until December.

Chinese Energy Diplomacy in Mali to Increase Renewable Energy Generation

Chinese companies are said to have quietly joined Africa’s renewable energy revolution. In March 2023, China Power Construction Corporation held a special 10-day training program for Mali focused on energy supply chains, including construction and maintenance. It was the 112th such program in a developing nation.

The African Development Bank and the Role of China in Africa’s Call for Changes in the Global Financial Architecture

By Tim Hirschel-Burns and Oyintarelado Moses To close out a month in which the Asian Development Bank and the European Bank for Reconstruction and Development also held their annual meetings, the African Development Bank (AfDB) will hold its 

Why It May Be Premature to Trust Nigerian, Kenyan Media Reports on New Chinese Railway Funding

A word of caution about a flurry of headlines circulating in the Kenyan and Nigerian press this week claiming that China has committed to spending billions of dollars on new railway projects in both countries. Something just doesn't sound right about these stories. It's interesting ...

Zimbabwe Agreement Could Signal China’s Return to African Rail

TransTech, a subsidiary of China Railway Group, reportedly signed a Memorandum of Understanding with the state-owned National Railways of Zimbabwe (NRZ) that could lead to a recapitalization of the country’s railway network. Bloomberg reports that the agreement is currently limited to studying ...

Chinese Contractor Completes Construction of New Nigerian Transportation University

The Chinese contractor that built a new $50 million transportation university in northern Nigeria formally handed over the facility on Friday to the Federal government at a ceremony in the capital, Abuja. The new university was built as part of a ...
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