Category: Economy
The Indian Pundit Who Created the Discredited Chinese “Debt Trap” Meme is Still Convinced He’s Right
The creator of the widely-debunked Chinese "debt trap" meme is at it again with a new litany of breathless warnings about the risks developing countries take on when they borrow money from China. Indian pundit ...
China’s Paid-In Capital on the Rise – Here’s What to Know
By Oyintarelado Moses and Laura Gormley Since 2007, Chinese special investment funds targeting overseas development projects have been on the rise. These funds are pools of capital established by multiple public and/or private shareholders that primarily provide equity financing to projects ...
WEEK IN REVIEW: The G77 Bloc of Countries Together With China To Propose a New “Loss and Damage” Fund at the COP27 Summit
The G77 bloc of countries together with China is reportedly going to propose a new "loss and damage" fund at the COP27 summit to provide finance to poor countries impacted by climate disasters. The fund appears to be a repackaged version of the failed "climate adaptation fund" that wealthy ...
Xi’s State-Centric Focus an Opportunity for Africa: Analyst
The South African analyst Steven Kuo wrote in a recent column in the financial daily Business Day that Chinese President Xi Jinping's third term heralds a shift towards state-owned enterprises: "That means there will be more Chinese private enterprises that are ...
How Host Country Policies are Driving Chinese Finance for Renewables
By Rishikesh Ram Bhandary The Egyptian government, host of the 2022 United Nations Climate Change Conference (COP27), has dubbed this meeting the “implementation COP.” For many developing countries, international finance is a key enabler that allows ...
Why This European Man Is so Happy to Be in Vietnam
German Chancellor Olaf Scholz seemed visibly happy to be back in Southeast Asia over the weekend and specifically to be out of China. Chancellor Scholz arrived in Hanoi on Sunday to kick off a four-day visit to Southeast Asia that will also include a stop in Singapore.
Forecasting China-India in the 21st Century: Is Asia’s Richest Man Overestimating India and Underestimating China?
In a territorial dispute, overestimation by one side of its strength relative to the opposing side is the crux of continuing conflict. At the end of September, Indian billionaire Gautam Adani gave a speech in Singapore celebrating an extremely optimistic message centered on the Indian economy ...
China Cuts Import Tariffs for Ten Poor Countries
China will cut tariffs on 98% of taxable imports from ten low-income countries. 8,786 different products from Afghanistan, Benin, Burkina Faso, Guinea-Bissau, Lesotho, Malawi, Sao Tome and Principe, Tanzania, Uganda, and Zambia will be zero-rated from December 1.
More Evidence that the Africa-China Relationship is Increasingly Driven by Politics, Not Commodities
For centuries, many assumed that Africa's greatest contribution to the global economy was through selling stuff that comes out of the ground. That was certainly what drew the Chinese to Africa back in the early 2000s. Today that's no longer the case.
Chinese Oil Buying in Africa Plunges Amid Shift to Suppliers in Russia, Persian Gulf
Chinese oil imports from African countries dropped 22.6% year-on-year in the January-September period, highlighting a decade-long transition away from the continent to suppliers in Russia, the Persian Gulf and Brazil. The drop in 2022 further eroded Africa's total ...
Chinese State Media Tries to Put a Positive Spin on Trade Ties With Tanzania
The Communist Party-run tabloid Global Times is trying its very best to send a positive message about the state of China's trade with Tanzania. On Tuesday, the newspaper featured an interview with Chinese ambassador Chen Mingjian who touted the recent announcement to remove tariffs on ...
Just as in Nigeria, Kenyan Lawmakers Are Also Confused About What It Means to Waive “Sovereign Immunity” in Chinese Loan Contracts
Anger is mounting across Kenyan society over the terms of the loan agreements with the China Exim Bank for the multi-billion dollar Standard Gauge Railway that were released by the government on Sunday. Members of Parliament are sounding off in the ...