Country: China
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China Updates 2022 Africa Trade Figures
Chinese customs authorities are slowly releasing new trade data for individual African countries following its January announcement that trade with the continent rose by 14.5% to $276.8 billion. Country data is similarly higher than in 2021. China's Trade with Key African Countries: ...
China’s High-Profile Envoy to the DR Congo to Leave This Week
Zhu Jing, China’s outgoing ambassador, is making the rounds of Kinshasa to say goodbye before leaving the country later this week. He is vacating his post as part of a routine rotation. Zhu was a prominent voice for China as the DRC became ...
Chinese Contractor Completes 105km Railway Upgrade in Namibia
China Gezhouba Group Corp (CGGC) finished a 107.5km upgrade of a rail line between the Namibian harbor Walvis Bay and the central logistics hub of Arandis on time, despite materials shortages and COVID-related delays. The upgrade doubles transport speeds on the line. The ...
African Ambassadors Tour Xinjiang to See “Happy Life of Local Residents”
China’s use of diplomatic junkets to justify its anti-Uyghur measures in Xinjiang to the Global South are ratcheting up again. Ambassadors and other senior diplomats from Senegal, Benin, Mali, Rwanda, Madagascar, Malawi, Uganda, Lesotho and Chad visited the region on Thursday. Judging by Global ...
How the U.S. Aims to Compete With China in Critical Resource Mining
U.S. officials are speaking out about the urgency to diversify supply chains for critical resources that are now largely dependent on China, particularly rare earths, cobalt, and lithium that are all essential ingredients in manufacturing electric vehicle batteries. ...
Germany’s Finance Minister Singles Out China in Debt Relief Appeal for Ghana
German Finance Minister Christian Lindner is the latest high-ranking Western official to pressure China to do more to help relieve the burgeoning debt crisis in a growing number of African countries. "I remind China of its responsibilities as a very important ...
How Much Ghana Owes China Depends on Who You Ask
At first glance, Ghana doesn't owe China that much when measured against its outstanding debts to both multilateral development banks like the IMF and the World Bank and, more importantly, bondholders. $1.7 billion in the context of what other developing countries owe Chinese ...
China is Pushing For a Major Change in Global South Debt Restructuring
The Chinese government provided its first official confirmation that it will provide Sri Lanka with a two-year debt repayment moratorium on $2.83 billion of loans owed to The China Exim Bank. Foreign Ministry spokesperson Mao Ning's statement on Friday was intended, in part, ...
China-IMF Impasse in Sri Lanka “Has to be Broken, One Way or Another,” Says Debt Expert
Brad Setser, a senior fellow at the Council on Foreign Relations and a noted sovereign debt expert, wrote a brief analysis of why the China Exim Bank's offer of a two-year debt moratorium is "insufficient". (The following transcript has been lightly ...
The Role of Chinese Solar Technology in Africa’s Just Energy Transition
China is by far the world's dominant producer of solar power technology which is becoming increasingly popular in places like Africa that are under mounting pressure to transition from reliance on fossil fuels to new, greener renewable sources of energy.
China’s Free Trade Agreements in the Global South: Quito and Beijing
By Alvaro Mendez and Chris Alden After eleven months and five rounds of negotiations, Ecuador announced last month that it has completed a Free Trade Agreement (FTA) with China. It still has to obtain legislative approval, but we believe it will ...
China, World Bank Spar Over Who’s to Blame For Delays in Zambia Debt Relief
A major philosophical difference is emerging as a hold-up to Zambia’s much-needed debt relief. Foreign Ministry spokesperson Mao Ning recently said the key to easing Zambia’s debt burden “lies in the participation of multilateral financial institutions and commercial creditors in the debt-relief efforts.” ...