Category: Economy

China and Australia have “no fundamental conflicts of interest.” This was the line from Chinese President Xi Jinping during his meeting with his Australian counterpart Anthony Albanese in Beijing on Monday. The visit, the first by an Australian prime minister since 2016, 

This weekend, U.S. President Joe Biden made clear that, no matter how often it’s debunked, the “debt trap” will never die. Without recapping the entire debate, the talking point implies that Global South countries work with China because they’re ill-informed or have ...

U.S. President Joe Biden resurfaced the widely discredited debt trap accusation against China as part of a larger effort to differentiate Washington's economic engagement strategy in the Western Hemisphere from that of Beijing's. The president made the claim on Friday during his ...

President Joe Biden's latest reference to Chinese "debt traps" is part of a broader pattern among high-level U.S. legislative, government and military officials to level the charge against China's lending practices. It's odd that they continue to make the claim since it's been ...

U.S. President Joe Biden’s comment to leaders from the Americas that: “I want to make sure that our closest neighbors know they have a real choice between debt-trap diplomacy and high-quality transparent approaches to infrastructure and to development,” was only a passing moment. 

Kenyan President William Ruto launched the country’s first smartphone assembly plant earlier this week. Located in a town outside of Nairobi, the East Africa Device Assembly Kenya plant is a joint venture between Kenyan telecom companies Safaricom and Jamii and the Chinese mobile device dealer Shenzhen TeleOne Technology. ...

The Philippines is dropping its request for Chinese loans to fund three railway projects totaling more than $5 billion. The decision comes as recent tensions between the two countries in the South China Sea have hit fever pitch. Manila, which said ...

Pakistan and China frequently refer to themselves as “iron brothers” and the relationship is an important building block in China’s bulwarks against the U.S. and India. Central to this relationship is the China-Pakistan Economic Corridor (CPEC), a key Belt and Road ...

The International Monetary Fund released a set of reports on Africa’s economic outlook and China’s shifting role on the continent. Overall, African economies are slowly rebounding after the double shocks of the pandemic and the Ukraine crisis. However, the IMF warns this recovery is endangered by constrained lending ...

Senior Kenyan officials are trying to set the record straight about President William Ruto's trip to China last week and whether he went there with a billion-dollar request for new loans. Before he left, Deputy President Rigathi Gachagua told a radio interviewer ...

South Africa’s Rand Merchant Bank and China Construction Bank have extended a partnership for another five years to foster trade relations between China and Africa. The two will focus over the next five years on supporting customers within the China-Africa corridor ...

Thai officials say the Chinese construction giant China Harbor Engineering Company (CHEC) expressed interest in a project touted by the Thai government that would build double deep-sea ports in Chumphong and Ranong, linked by road, rail, and pipelines to connect the Gulf of Thailand and the Andaman Sea. ...