Category: Economy

The hugely ambitious India-Middle East-Europe Economic Corridor (IMEC) multi-modal trade route is already beginning to encounter resistance just weeks after being announced at the G20 leaders summit in New Delhi. IMEC is the latest effort by the U.S. and Europe to build ...

The Chinese economy is in trouble. Exports, manufacturing output, and investment are all down. Unemployment, particularly among young people is up. Provincial debt is now at a record $8 trillion while a burgeoning property crisis has eliminated a once reliable source ...

The China-Arab Trade Expo closed on Sunday in the northwestern region of Ningxia with $23.4 billion in deals signed. As is customary with these kinds of announcements, Chinese officials did not release any specific details about the deals or the companies involved.

Fossil fuel subsidies in 2022 amounted to $7 trillion globally, about 7.1% of global gross domestic product. It shot up by 18.3% year on year, partly in response to the Ukraine war, according to research by the IMF. The subsidies worsen ...

Chinese lending to African countries plunged to below a billion dollars in 2022, the lowest level in two decades, according to new data from the Global Development Policy Center at Boston University. The findings confirm that the era of Beijing financing ...

Indonesia decided last month to delay launching an investment plan for the $20 billion Western-sponsored climate funding, known as the Just Energy Transition Partnership (JETP). This delay shows us several things. First, the problematic nature of how our leaders are handling the issue of energy transition, and ...

Three Republican legislators in the United States feel enough isn't being done to counter China's Belt and Road Initiative and want the State Department to come up with yet another plan to blunt Beijing's "debt-trap diplomacy disguised as infrastructure development" in developing countries.

One of China's foremost scholars on international debt says accusations that Beijing engages in predatory lending, or "debt trap diplomacy" do not align with the facts -- and that it's actually the U.S., or more precisely the U.S. dollar, that's really to blame.

Boston University's Global Development Policy Center published a new policy brief tracking trends in Chinese financing to Africa. It notes the sharp decline in the size and number of loans compared to the 2010s. This point has been made before and ...

China has been one of the most important development lenders to Africa over the last quarter of a century. This has transformed the African development landscape in helpful and problematic ways. It is also changing very rapidly.  A new report from ...

From 2000-2022, countries in Southern Africa and East Africa historically borrowed the most from China primarily due to large-scale loans in Angola, Zambia, South Africa, Ethiopia and Kenya. In 2021 and 2022, the regional composition is distinct from previous years; lending ...

By Victoria Yvonne Bien-Aimé, Lucas Engel and Oyintarelado Moses A combination of economic shocks from the COVID-19 pandemic and the policy shift to a greener high-quality Belt and Road Initiative (BRI) has translated into a substantial decline in large-scale Chinese loan ...