Category: Economy
After Zambia’s Successful Debt Restructuring, Sri Lankans Hope China Will Also Take the Lead to Help Resolve Their Crisis
Now that Zambia's Creditor Committee reached a landmark debt restructuring deal with its bilateral lenders, there's new optimism that the same will happen in Sri Lanka. The South Asian island state is ...
Hunan Province is Fast Becoming a Major Hub for China-Africa Trade and Logistics
Ethiopian Airlines launched a new cargo route between Addis Ababa and Changsha, the provincial capital of Hunan, the latest China-Africa aviation trade link. The first flight took off last week and is expected to ferry some 17,000 metric tons of goods. ...
The North-South Split in the World’s China Discourse
The discourse coming out of the U.S. and China around the visit of the U.S. House Speaker Nancy Pelosi to Taiwan keeps reminding me of a particular stage direction in Edward Albee’s Who’s Afraid of Virginia Woolf: George: Stop braying!
Chinese Creditors Agree to Landmark Debt Restructuring Deal With Zambia
The Franco-Chinese-led Creditor Committee for Zambia announced a landmark agreement over the weekend to cancel $2 billion of the country's bilateral debts. The deal includes unprecedented concessions from a coalition of Chinese lenders that includes the China Exim Bank.
Zambia Slashes Billions of Unused Loans, Many From China, to Address Debt Woes
Beyond the statements issued by the Zambian Creditor Committee (via the G20), the Ministry of Finance, the World Bank, and the IMF, very few specifics about the arrangement have been made public. There's much speculation about what loans will ...
Finally! Kenyan Avocados Make It to China
The first batch of Kenyan avocados will soon appear on store shelves in Shanghai. This follows last week's arrival of the fruit after more than three years of prolonged, often difficult negotiations. All of the negotiations, testing, and ...
WEEK IN REVIEW: China’s Belt and Road Financing and Investments Fell in the First Half of the Year
China’s Belt and Road financing and investments fell in the first half of the year, with no new spending in Russia, Sri Lanka, and Egypt, according to a study by the Green Finance & Development Center in Shanghai. Financing and investments were at $28.4 billion in ...
China Faces Twin Pressure From U.S., IMF Over Debt Crisis in Sri Lanka
The Chinese government is under mounting pressure from both the United States and the International Monetary Fund to do more to help resolve the worsening debt crisis in Sri Lanka. Colombo owes Beijing an estimated $6.5 billion, ...
Chinese Netizens Aren’t Keen to Bail Out Sri Lanka
While international calls grow louder for China to restructure Sri Lanka's debt obligations, a very different conversation is going on in Chinese media and online communities. Antara Ghosal Singh, an expert on Chinese domestic development and a fellow at the New ...
The Many Questions Raised by Sri Lanka’s Debt Crisis
Sri Lanka’s ongoing debt nightmare is back in the headlines, with both the U.S. government and the International Monetary Fund calling for greater Chinese engagement. The controversy raises a few questions. First and most urgently, there are questions about the thinking ...