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 ...
Country: China
Proposed New York Law Could Reshape Debt Negotiations Around the World
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.
Southeast Asia’s Climate Goals Are Ultimately Economic Goals: U.S. Vows to Help, But China Delivers
Two weeks ago, Indonesian President Joko “Jokowi” Widodo and his ministers received a visit from the U.S.-ASEAN Business Council (U.S.-ABC). Green industries — particularly electric vehicles — were at the top of Indonesia’s talking points. “How can Indonesia get facilities to ...
Maritime Tensions Surge in Western Pacific Amid Drills and Provocations by Some of the World’s Largest Navies
The South Korean Air Force scrambled fighter jets on Tuesday after two squadrons of Russian and Chinese military aircraft entered its air defense zone, the latest incursion across another country's international boundary by rival militaries operating in very close proximity in the Western Pacific.
Analysis from Cobus van Staden
Proposed New York Law Could Reshape Debt Negotiations Around the World
WEEK IN REVIEW: Xiomara Castro, President of Honduras, to Travel to China for First Visit Since Switch of Diplomatic Relations From Taiwan
Xiomara Castro, the president of Honduras, will travel to Beijing this week for her first visit to China since her government switched diplomatic relations from Taiwan to the People’s Republic. Coffee trade is expected to be on the agenda and she will reportedly sign several (as-yet undefined) cooperation ...
Backgrounder: How China is Consolidating Oil and Gas Supplies in the Middle East
Amid rising geopolitical tensions with the United States, China is moving to tighten its control over key routes that supply it with oil and liquid natural gas. Anxiety about the United States and its allies’ ability to block shipping at critical geographical
Whatever Happened to China’s South-South Climate Cooperation Fund? The Answer is “Unclear”
During a meeting with U.S. President Barack Obama in 2015, Chinese President Xi Jinping committed to providing 20 billion yuan ($3.1 billion) to help developing countries tackle climate change. Notably, this commitment didn’t contain a timeline. Now, with the promise to ...
China Opens New Embassy in Honduras as Part of a Flurry of Diplomatic Activity Between the Two Countries This Week
The Chargé d'Affaires for China's new embassy in Honduras, Yu Bo, unveiled the plaque that will be posted outside of the mission during a ceremony this week in Tegucigalpa. Monday's ceremony capped a frantic series of back-to-back announcements that included the ...
Ministry of Commerce Blasts U.S. For Sanctions Against Chinese Companies Allegedly Involved in the Mexican Fentanyl Trade
China's powerful Ministry of Commerce denounced the United States for sanctioning 17 Chinese and Mexican companies and individuals last week for their alleged involvement in the fentanyl trade. The Ministry said on Tuesday the U.S. "disregarded facts " and accused Washington ...
Trend to Watch: More Hunan Cities Launch Commercial Diplomacy Initiatives in Africa
Representatives from 50 African countries are expected to participate in the upcoming China-Africa Trade Expo that will take place for the third time in the central Chinese province of Hunan beginning on June 29th. The expo serves as an important showcase for ...
Why African Immigrants Won’t Help Offset China’s Declining Population
China, like other large northeast Asian industrial economies, is facing a rapidly declining population that threatens its long-term economic growth. The fundamental problem is that there aren't enough younger working-age people to support a ballooning population of retirees who often require ...
If You Lead a Developing Country and Want to Borrow Money From China, Then Listen to This Podcast
The days of China easily handing out billions of dollars to build infrastructure in developing countries around the world are now over. The Chinese can't afford it anymore and many of the borrowing countries just don't have the capacity to take ...
DRC Government Tries to Reframe Underwhelming Beijing Visit
Félix Tshisekedi, the president of the Democratic Republic of Congo, left for a trip to Beijing last week amid sky-high expectations of both new deals and the significant reworking of current agreements widely seen in his country as favoring Chinese actors. None of this happened.
Why Are DRC Officials Backtracking on Tshisekedi’s Beijing Trip?
We asked China Global South Francophone Africa Editor and DRC political analyst Geraud Neema to explain attempts by DRC officials to reframe President Félix Tshisekedi's lackluster trip to Beijing. Why were the ministers so emphatic that they didn't go to China ...