Category: Economy
Nigeria’s Debt to China Edges Higher
Nigeria's debt obligations to China increased by almost half a billion dollars in the second half of last year to $5.16 billion, according to new data released by the Nigerian Debt Management Office (DMO). While China is by far Nigeria's largest bilateral ...
China’s Potential as a Reliable Partner for Coal Plant Phase-Down in Africa
By Niccolò Manych and Tsitsi Musasike The future of the electricity system lies in renewables, both globally and in Africa. Although a green energy transition has multiple benefits for African nations, many continue to ...
The Sky is the Limit: Aviation and Africa-China Relations
By Lukas Fiala When Angolan President João Lourenço returned from China over the last week, he made a few noteworthy announcements. However, Lourenço’s apparent desire to have China finance an air force base in Angola stood out.
WEEK IN REVIEW: Why Angola is the “Vietnam of Africa”
Angolan President João Lourenço returned from a three-day visit to China loaded with goodies. He secured an upgrade in diplomatic ties, promises of new investment and, most importantly, a major reduction in monthly debt payments. ...
Sure Looks Like Chinese Companies Are Using Mexico as a Backdoor to the U.S. Market to Avoid Tariffs
New data tracking the number of cargo containers traveling from China to Mexico fuels suspicions that Chinese exporters are sidestepping U.S. sanctions by shipping goods to the Central American country, which are then brought over the border tariff-free. Chinese exports to ...
Angolan President Returned Home From China With Diplomatic Upgrade, Oil Deals, and Debt Relief Promises
Unlike several African presidents who've recently visited China and left largely empty-handed, Angola's João Lourenço wrapped up a three-day visit with several important tangibles that highlight the southwestern African country's growing importance as a frontline state in the Great Power rivalry between the U.S. and China. ...
Jaishankar Says India Needs to Bolster Its Manufacturing Sector if It Wants to Effectively Counter China
India's top diplomat S. Jaishankar said military force alone is not going to be enough to counter China. Instead, India will have to build up its manufacturing capacity to reduce its economic reliance on the Chinese. "We need to recognize that ...
Does China Own the Future?
The FT columnist Gillian Tett argued this week that global markets are revealing an interesting paradox: on the one, hand, rising stock prices show that investors are feeling somewhat more optimistic about the future. On the other, gold and bitcoin (both seen as hedges against losses and volatility) ...
African Development Bank Head Calls for End to Resource-Backed Loans
Akinwumi Adesina, president of the African Development Bank, urged leaders on the continent to end the practice of exchanging raw materials for development, a practice known as resources-for-loans that was pioneered on a truly massive scale by China.
Where Next for Argentina-China Relations?
By Javier Lewkowicz Argentina’s new president Milei has called for shake-ups to the country’s foreign policy, including less cosy ties with China. It won’t be so straightforward. Since taking power in December, the government ...
The Number of Chinese Workers in Africa is Now Less Than Half What it Was a Decade Ago
The population of Chinese workers in Africa now stands at 88,371, the lowest point since 2009 and less than half the amount of the peak in 2015, according to new data from the China-Africa Research Initiative (CARI) at Johns Hopkins University. ...
Why Would Angola’s President Want to Go to China’s Shandong Province?
Angolan president João Lourenço will arrive in China on Thursday to begin a three-day state visit, which will include meetings with his Chinese counterpart Xi Jinping and Premier Li Qiang. The Chinese Foreign Ministry, as per usual, did not provide many ...