Djibouti Has a Very Specific Debt Problem…

Djibouti this week reportedly suspended debt repayments to its two major creditors, China and Kuwait, due to a major increase in debt servicing costs likely caused by interest rate hikes and other external factors this year. A quick gander at this table, 

China’s COVID Chaos Bites South African Trade

China’s COVID-related shutdowns and protests are hitting South African businesses. The Johannesburg Chamber of Commerce and Industry (JCCI) said the disruptions compounded earlier delays on the SA side.  “China is responsible for so much of the products we consume. ...

Hunan Throws an Africa-China Fruit Trade Matchmaking Party

China’s Hunan province cemented its role as a hub for African agricultural trade via a recent matchmaking meeting to team up major Chinese fruit buyers with key African producers like South Africa and Kenya. It is an example of the innovative ways Hunan is boosting ...

New Research Reveals Sri Lanka’s Debts to China Are Much Higher Than Previously Reported

New data reveals Sri Lankan borrowers owe China's main policy banks significantly more money than had been previously reported, an important revelation as the embattled South Asian country lobbies its creditors for debt relief. Chinese loans to Sri Lanka totaled $7.4 ...

Djibouti Suspends Debt Payments While Rwanda Gets (Just a Little) Relief From China

🇩🇯 DJIBOUTI: The government reportedly suspended debt repayments to two of its largest creditors, likely China and Kuwait, in response to a dramatic increase in the country's debt servicing costs in 2022, according to a new World Bank report. (SOUTH CHINA MORNING POST)

New Data Reveals Apple is Steadily Shifting Its Supply Chain Out of China to Other Countries in Asia

China's once-dominant role in Apple's supply chain appears to be ending as the technology giant relocates more and more of its production to other countries in Asia, particularly Vietnam and India. Since 2019, according to data from Reuters, the total share ...

Commodity Exporters in Developing Countries Fret as China’s Worsening COVID Outbreaks, Protests Prompts Sell-Off

Commodity sellers in Africa, the Middle East and the Americas are becoming increasingly anxious over the situation in China, where days of street protests and COVID outbreaks across the country are weighing down the price of their key exports.

Letter to the Editor: A Critique of 金中夏’s (“Chinese Summer in Finance”) Views on Chinese Debt in Africa

Dear China-Global South Project Editors, I read the China-Global South Daily Brief of 8 November 2022 and came across the paper by Jin Zhongxia whose name 金中夏prompted the title of this letter to the editor. I, of course, agree with ...

Q&A: Why Provinces, Not the Government in Beijing, Are Becoming the New Force in China-Africa Trade

China's engagement in Africa in the modern era is undergoing an important transition as the central government in Beijing, once the exclusive driver of this relationship, is stepping back to cede more space to provincial, municipal, and other so-called "sub-national actors" to facilitate trade and pioneer new ...

New Research Reveals China’s Overseas Investment Priorities: Asia is Tops, Africa is “Basically a Rounding Error”

New research reveals fascinating patterns in Chinese overseas foreign direct investment in the nearly twenty-year period from 2003 to 2021. Not surprisingly, Asia has been the preferred destination, followed by Latin America, most of which has gone to Brazil, Chile, and other resource-rich countries in South America. ...

Billion Dollar Infrastructure Fund Reveals China’s New Development Finance Priorities and Tactics

The Chinese government is leveraging private capital to bolster its infrastructure development finance agenda in developing countries, particularly in Southeast Asia.  The China Exim Bank, one of China's two main policy banks, announced this week that it teamed ...

China-Africa Trade Forum Opens in Zhejiang Province

400 participants from 47 different African countries are participating in this week's China-Africa trade and economic relations forum now underway in the eastern Chinese province of Zhejiang. The event highlights the increasingly prominent role that Chinese provinces are playing in the ...
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