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China’s Overseas Development Finance Totaled $10.5 Billion in 2020-21, Lowest in Recent Years

By Rebecca Ray After providing a staggering amount of finance for overseas development projects in the wake of the global financial crisis, Chinese overseas development finance has been on a general downward trend for several years. New data shows the pandemic ...

WEEK IN REVIEW: U.S. Treasury Secretary Janet Yellen on an 11-Day, Three-Nation Tour of Africa

U.S. Treasury Secretary Janet Yellen will leave Tuesday on an 11-day, three-nation tour of Africa that Biden administration officials say is intended to rejuvenate ties on the continent and counter Chinese influence. Yellen will visit South Africa, Senegal, and Zambia, where debt issues are expected to feature prominently on ...

India Supports Sri Lanka’s Debt Restructuring Process

Sri Lanka has reportedly secured India’s support for its debt restructuring process. According to Reuters, an Indian Finance Ministry official sent a message to the International Monetary Fund that it “strongly supports” the debt-ridden country’s economic recovery plan. ...

Dalai Lama Invite Complicates China-Sri Lanka Cooperation

Sri Lanka’s desperate attempts to get China’s support for its debt restructuring could be blown up from the inside. This follows an invitation from senior Buddhist clerics to the Dalai Lama to visit the bankrupt island state.

Is the DRC Making Progress in Reshaping Its Controversial Chinese Deals? Maybe.

The Democratic Republic of Congo could be closer to overhauling two controversial Chinese deals. Finance Minister Nicolas Kazadi told Reuters the government is in active talks with Sicomines, a joint venture between the DRC’s state mining company Gécamines, and Sinohydro and China Railway Group, who ...

Chinese Expert: Global North’s Sudden Concern about Global South Reflects Power Shift

As China’s decades-long focus on South-South cooperation results in strong relationships throughout the developing world, Global North powers like the United States and Japan are suddenly discovering their concern for the Global South in order to shore up their own fading influence.

China’s Provinces as Global Actors: Evidence From China-Africa Relations

By Charlotte Lenz With the launch in the early 2000s of China’s ‘Going Global’ Strategy, Chinese provinces became one group of actors participating in China’s South-South relations. This has complicated our perception of China, which is often still seen as a ...

Why More Young Chinese Professionals Are Looking For Work in Africa

Near record high levels of youth unemployment in China is prompting more young graduates to look abroad for work, particularly in Africa. Recruiters say they can't find enough people to work in both private companies and Chinese state-owned enterprises as translators, ...

India’s External Affairs Minister Heads to Sri Lanka After China Sends Positive Signals on Debt Deal

The Sri Lankan government is now on the verge of closing a deal to secure a $2.9 billion emergency financial package from the International Monetary Fund following new assurances from its two largest bilateral creditors, India and China. Colombo ...

The Chinese Embassy in Sri Lanka Goes on a Furious Twitter Rant to Rebut U.S. Ambassador’s “Spoiler” Accusations

The Chinese embassy in Sri Lanka did not take well to U.S. Ambassador Julie Chung's accusation that China is a potential "spoiler" in the South Asian country's debt restructuring process. The embassy was furious over remarks Chung made in an interview ...
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