Country: China
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Iran Leans Into Ties With China to Ease the Sanctions Burden From the U.S., Say Scholars
Iran's shift away from engagement with the U.S. and Europe and towards China is the key theme of this week's visit to Beijing by President Ebrahim Raisi, according to two of China's leading Mideast scholars. Professor Ding Long from Shanghai International ...
India Adds to Mounting Pressure on China to Resolve Debt Relief Impasse With IMF, World Bank
The Indian government called on China to stop blocking the debt restructuring process for the world's poorest countries, adding to the pressure on Beijing ahead of a critical meeting with the World Bank and the International Monetary Fund on Friday. Amitabh ...
Philippines Summons Chinese Ambassador Over Laser Incident at Sea
Philippine President Ferdinand Marcos summoned China's ambassador to express his "serious concern" over Monday's alleged use of a military grade laser by a Chinese Coast Guard vessel against nearby Philippines ships in the South China Sea. In Washington, U.S. State Department ...
Ugandan Food Vlogger in Rural China Becomes Unlikely Social Media Star
30-year Ugandan immigrant Rose is now a full-fledged social media star on China's TikTok equivalent Douyin. Now, with more than a million followers and almost 200 million likes, Rose (who doesn't reveal her last name) has become one of China's most popular food vloggers. ...
Iranian President Embarks on Critical Visit to China
Iran’s President Ebrahim Raisi is visiting China for his first state visit and the first by an Iranian president in two decades. Raisi is traveling with a large entourage, including Iran’s central bank chief and its top nuclear negotiator.
Background: Why China-Iran Relations Are a Lot More Complicated Than They Appear
Bill Figueroa is a research associate at the University of Cambridge Centre for Geopolitics and is widely regarded as one of the world's foremost experts on China-Iran relations. The analysis below is copied from a 12-part thread that he published on Twitter and has been lightly edited for ...
FT Reporting Error Sparks Widespread Confusion Over Zambia’s Views on China’s Role in Debt Restructuring Process
Botched reporting in a Financial Times article on Zambian debt made clear how nervous China’s push for the World Bank and other multilateral financers to accept losses as part of debt restructuring is making international stakeholders. In its corrected form, the report quotes ...
FT Report Provokes Strong Response From U.S., UK Analysts Over China’s Duel With Multilateral Development Banks
FT’s claim (subsequently walked back) that the Zambian Finance Minister rejected China’s call to include the World Bank and other multilateral lenders in debt restructuring triggered responses from prominent commentators across Twitter. The reactions give an interesting glimpse into the complications raised ...
China’s Current Challenge of the Bretton Woods Institutions Has Been Years in the Making
China’s dispute with the Bretton Woods institutions dates back to at least the Obama era. The U.S. Congress refused to ratify a 2010 plan to recapitalize the IMF, which would have given large emerging economies enhanced voting rights because it could have affected the U.S.’s veto vote.
Lekki Port Points to New Chinese Infrastructure Model in Africa
As China struggles with the fallout from infrastructure lending, it’s also trying out new ways of financing projects. A fascinating new paper by the prominent Africa-China expert Hong Zhang details a shift from a model where Chinese companies facilitate financing but ...
IMF Tells Sri Lanka to Gets Its Creditors in Line, Prompting Showdown With China
The Sri Lankan government suffered another setback in its ongoing effort to secure a $2.9 billion emergency financing package from the International Monetary Fund after the lender informed Colombo it would have to secure more assurances from its creditors, namely China, to provide debt relief. ...
Yellen Defends Bretton Woods Institutions Against Challenge From China, Accused Beijing of Acting as “Roadblock” in Zambia
U.S. Treasury Secretary Janet Yellen forcefully defended the primacy of the Multilateral Development Banks (MDBs) in response to China's demand that the World Bank and the International Monetary Fund also take losses on their loans to developing countries. Yellen called for sweeping reforms ...