Country: China
Related Posts
EACOP: Court to Determine Fate of Oil Pipeline Project by Chinese, Other Shareholders
Just days after Lloyd’s Cincinnati confirmed that it will not insure the controversial East Africa Crude Oil Pipeline (EACOP), the project faces another hurdle at the East African Court of Justice (EACJ). The EACJ is expected to rule in the case ...
Saudi, Iranian Foreign Ministers Sign Deal in Beijing to Restore Diplomatic Ties, Resume Flights
The foreign ministers from Saudi Arabia and Iran made it official to fully restore diplomatic ties and resume direct flights between the once-rival countries. Iran's Hossein Amir-Abdollahian and Saudi Arabia's Prince Faisal bin Farhan Al Saud signed the follow-up statement on ...
China’s Top Africa Embarks Envoy on Three-Country Tour
Wu Peng, China's top diplomat in Africa, tweeted that he's visiting Guinea, Niger and Sierra Leone this week. Notably, U.S. Secretary of State Antony Blinken also recently visited Niger, where he announced a $150 million assistance package for the Sahel. Chinese companies also have major ...
China’s Southeast Asian Diplomatic Blitz
This is a busy time for diplomacy between China and its Southeast Asian neighbors. Senior Chinese officials are holding numerous meetings with their counterparts in the region. Following the recently-concluded visits from Malaysia’s Prime Minister Anwar Ibrahim and Singaporean Prime Minister ...
How Does Africa Get the Tech It Needs?
As geopolitical tensions rise, external partners want a say in African development choices. This is particularly true for digital expansion, where Global South countries are frequently framed as battlegrounds between Chinese companies like Huawei and Western competitors. However, African policymakers are gaining ...
Fitch Ratings Dismisses China’s Calls for Multilateral Development Banks to Take Losses on Loans to Poor Countries
One of the world's most important credit ratings agencies, Fitch Ratings, warned investors that China's demands for multilateral creditors to take losses on their loans to developing countries would undermine their all-important credit rating, but added there's not much to worry about since Beijing remains isolated on ...
China is Increasingly Determined to “De-Dollarize” Its International Trade
When Prime Minister Anwar Ibrahim went to Malaysia's parliament this week to brief lawmakers on his recent trip to China, he emphasized his discussions with President Xi Jinping about transitioning away from relying solely on the U.S. dollar for trade. “There ...
Mixed Views in the Chinese Discourse About the Rise of the Yuan and Fall of the Dollar
A similar split of opinions exists in China as in the West between experts who see greater yuan internationalization economically and those who frame the issue in geopolitical terms. These differences of opinion are playing out this week across different Chinese ...
Chinese State Media Propagated Fake News Story About U.S. Response to China-Brazil Currency Swap Deal
A unit of China's state-run CGTN television broadcaster repackaged misinformation about a purported U.S. response to China's currency exchange deal with Brazil and then shared it on social media, where it was re-posted by a Chinese ambassador in Africa. The original ...
China Battles Six Other Countries to Run UN Maritime Agency
China is standing off against six other countries, including Kenya, Türkiye and Panama to lead the London-based International Maritime Organization, a United Nations specialized agency. Panama was widely thought to be the front-runner until Finland and China submitted candidates right before ...
China’s CiEG Signs 2.4 Giga-Watts Power-Purchase Agreement With Zambia’s Zesco Amidst Debt Crisis
The Integrated Clean Energy Power Company Ltd (CiEG) of China signed a Power-Purchase Agreement (PPA) on Monday with the Zambia Electricity Supply Corporation (Zesco) for the generation of 2,400 Megawatts (MW) of renewable energy. In a statement from Peter Chibwe ...
Malaysian Prime Minister Targets U.S. Dollar, South China Sea During Beijing Visit
Malaysian Prime Minister Anwar Ibrahim’s state visit to Beijing has been marked by both pressure for increased cooperation and security tensions. Anwar promoted an increase of Belt and Road cooperation in the post-pandemic era, calling for the infrastructure-focused initiative to “regain its momentum.” ...