After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.
These shifts indicate a window of opportunity for African electrification. 60% of Africans still ...
Category: CELAC
China-CELAC Summit Invests in Multilateralism Amid Global Trade Tensions
By Fermín Koop, Jack Lo Lau, Juan Ortiz Latin American leaders gathered in Beijing on Tuesday for the fourth ministerial summit between the Community of Latin American and Caribbean States (CELAC) and China. Speaking at the opening ceremony, Chinese President Xi ...
Xi and Lula Pledge to Guard Global Order
Chinese President Xi Jinping met with Brazil’s President Luiz Inácio Lula da Silva on Tuesday, as numerous Latin American leaders gathered in Beijing for a ministerial meeting between China and the Community of Latin American and Caribbean States. The ...
Brazil’s Lula Clinches Deals in Beijing
Brazil announced a currency swap agreement with the People's Bank of China for $27.69 billion over five years. The announcement comes as $4.5 billion in trade and investment deals were signed. These include a $881.6 million deal for the delivery service Meituan ...
China Offers New Credit to Latin America, Caribbean in Show of Solidarity
China will extend RMB66 billion ($10 billion) in fresh credit lines to Latin American and Caribbean countries. The financing will be denominated in yuan and represents a further internationalization of the Chinese currency. The financing will be used for infrastructure and development projects.
China’s Xi Slams ‘Bullying’ as Beijing Hosts LatAm Leaders
Chinese President Xi Jinping vowed Tuesday to deepen ties with Latin America and condemned "bullying" in a thinly veiled swipe at the United States, as he addressed regional leaders in Beijing. Leaders and officials from Latin America and the Caribbean have descended ...
Analysis from Cobus van Staden
China Hosts Latin American Leaders in Move to Deepen Ties
China on Monday prepared to welcome Latin American leaders to Beijing for a major summit, seeking to draw the region closer in response to the trade war with the United States. Beijing has stepped up economic and political cooperation with Latin ...
Brazil’s Lula to Visit China Ahead of Regional Summit
Brazil's president will begin a five-day trip to China on Saturday, Beijing announced, ahead of a gathering of Latin American leaders in the country next week. Luiz Inacio Lula da Silva's state visit comes at the invitation of counterpart President Xi ...
China–Latin America Dialogue Collides With U.S. Trade Offensive
The upcoming 4th Ministerial Meeting of the China–CELAC Forum (CELAC is the Spanish acronym for Community of Latin American and Caribbean States) will take place in Beijing later this month against the backdrop of growing strategic rivalry—some would say open confrontation—between the United States and China. In ...
China–Latin America Dialogue Collides With U.S. Trade Offensive
The upcoming 4th Ministerial Meeting of the China–CELAC Forum (CELAC is the Spanish acronym for Community of Latin American and Caribbean States) will take place in Beijing later this month against the backdrop of growing strategic rivalry—some would say open confrontation—between the United States and China. In ...