A bill currently under consideration in New York State could reshape sovereign debt renegotiations around the world by making private creditors accept the same losses as the U.S. government would as a sovereign creditor instead of holding out for a full payback.
The bill comes as countries like Zambia and Sri Lanka face their loan renegotiations being dragged out for years as U.S.-based private lenders stonewall to obtain better deals. 52% of the ...
Category: Security
G7 Food Security Plan “A Castle in the Sky”: Chinese Researcher
At their summit in Hiroshima, Japan, earlier in mid-May, the Group of Seven wealthy industrial nations committed themselves to improving global food security. The Hiroshima Statement for Resilient Global Food Security called for increasing development assistance and food aid to address an ...
How China Is Moving up the Ranks in the Global Arms Market
By Lukas Fiala The label ‘Made in China’ has long epitomized China’s prominence in global manufacturing. From primary materials to advanced consumer goods, China’s rapid economic rise has been undergirded by the country’s insertion into global value chains since the 1980s ...
Turns Out, There Are Grievances on Both Sides of the China-DR Congo Relationship
Ahead of President Tshisekedi's arrival in Beijing on Wednesday, Foreign Minister Qin Gang met his Congolese counterpart Christophe Lutundula yesterday. Beyond the formalities and diplomatic courtesies reaffirming the strength of relations between the two countries, Qin made a comment that may ...
The Growing Influence of Chinese Policing in Africa
While joint military exercises between China and countries like South Africa draw controversy, much less attention is being paid to the role of policing in Africa-China relations. A fascinating new paper by the Africa-China security expert Paul Nantuyla maps the growing ...
Papua New Guinea, Micronesia to Sign Agreement With U.S. as Pacific Island Countries Increasingly Take Sides in Great Power Rivalry
Pacific Island Countries (PIC) are the current focal point in the escalating competition for influence between the United States and China around the world. Both Papua New Guinea (PNG) and Micronesia signed defense agreements with the United States on Monday during ...
Analysis from Cobus van Staden
Proposed New York Law Could Reshape Debt Negotiations Around the World
Chinese Scholars Say Closer Philippines-U.S. Ties Mark a “Dangerous Signal”
Philippines President Ferdinand Marcos Jr. and his wife, Louise Araneta-Marcos, met U.S. Vice President Kamala Harris for brunch on Tuesday at her official residence in northwest Washington. D.C. During their talks at the residence, the two reaffirmed the strength of their ...
U.S.-Philippine Talks Amid Rising China Tensions
The president of the Philippines, Ferdinand Marcos Jr., met with U.S. President Joe Biden on Monday amid rising tensions with China in the South China Sea/West Philippine Sea. Security cooperation topped the agenda in the form of shared defense guidelines and equipment, as ...
Chinese Military Construction Resumes in UAE: U.S. Intelligence
U.S. intelligence sources say construction has resumed on a suspected Chinese military facility in the United Arab Emirates, reports the Washington Post. The allegations form part of a recent leak of classified documents on the social media site Discord. The Discord leaks ...
China’s Groundhog Day in Sudan
After decades of diplomatic, economic, and security engagement in Africa, the ongoing fighting in Sudan may well remind Beijing of the 1990s classic in which TV weatherman Bill Murray covers the annual Groundhog Day in a small town in Pennsylvania, only to be forced to relive the ...
WEEK IN REVIEW: United Nations Confirms India’s Population Will Surpass China’s This Week
The United Nations confirmed that India’s population will surpass that of China by the end of this week, hitting 1,425,775,850 people. This follows an earlier report from a different UN agency that predicted that India will become the world’s most populous country by the middle of this year. (BBC) ...