Country: China
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IMF Visit Adds Pressure on China to Support Sri Lanka Debt Restructuring
A team from the International Monetary Fund is in Sri Lanka for the second time in three months to discuss debt restructuring amid calls for China to align itself with the country’s other creditors. Sri Lanka’s new President Ranil Wickremesinghe said: "We have ...
TICAD: Japan’s Quiet Challenge to China’s Development Role in Africa
27 and 28 August will see the eighth Tokyo International Conference on African Development (TICAD) taking place in Tunisia. Japan’s TICAD predates China’s Forum on China-Africa Cooperation (FOCAC) and set the template for the continent’s interaction with Asian economic superpowers. However, TICAD is ...
Unpacking China’s Quest for Digital “Discourse Power”
Perceptions in Beijing that Western powers are trying to constrain its influence is resulting in a concerted focus on building a China-led consensus across the Global South. Under the shorthand of ‘discourse power,’ this involves establishing China as an alternative to the United States in fields crucial ...
How China’s Record Heat Wave Could Have a Catastrophic Impact on Developing Countries
The consequences of the devastating heat wave in China, the worst in recorded history, could be catastrophic for the world's poorest countries that are already grappling with surging inflation, food and fuel shortages. 260 ...
Rhino Poaching Rates in Africa and Asia Have Plunged by Half, Says New Report
Poaching rates for both African and Asian rhinos have been steadily falling for the past three years and are now at their lowest rates in almost a decade, according to the findings of a new report by the International Union for Conservation of Nature and the wildlife conservation ...
China’s Ambassador to Bangladesh Wants Local Chinese Businesses to Button Everything Up Ahead of 20th Party Congress
The Chinese embassy in Bangladesh organized an online gathering this week for representatives of the local Chinese business community on how to tighten security in their enterprises ahead of the upcoming 20th Party Congress in November. Basically, the embassy wants to ...
Where Does China Source Its Natural Gas
China is the world's fastest-growing market for natural gas and imported more last year than any other country -- accounting for 60% of global demand. The bulk of China's imports in 2021 came from Australia (40%), with Malaysia, Qatar and the ...
China’s Dominance of the Congolese Cobalt Sector May Not Actually Matter Much in the Near Future
The new U.S. climate law, officially known as the Inflation Reduction Act, has a number of provisions aimed at breaking China's hold on certain strategic resources like cobalt, widely seen as vital to the future of electric mobility. Cobalt is a ...
How is the New U.S. Strategy for Africa Seen in China?
Chinese scholars and policy analysts have been poring over the recently released U.S. Strategy for Sub-Saharan Africa to gauge its implications for China and its engagement on the continent. In contrast to the Trump administration's Prosper Africa initiative that openly framed ...
CMOC’s Cobalt Earnings Jump as Prime Minister’s Mediation Attempt Falters
China Molybdenum (aka CMOC/China Moly), the Chinese minerals giant running one of the Democratic Republic of Congo’s largest cobalt mines, has reported record net profits of about $606 million for the first six months of the year. Profits are up 72% year-on-year, despite ongoing disputes between CMOC and Gecamines, the DRC’s ...
Angolan Presidential Candidate Eyes Chinese Loans
Adalberto Costa Jr., a candidate in this week’s presidential election in Angola, will launch an audit of the country’s debt to China if he wins. He pledged that any loans not resulting in infrastructure will be renegotiated. At about $42.6 billion, the country holds ...
Africa Should Be Cautiously Optimistic About New U.S. Africa Strategy: Analyst
Global reaction to the United States’s new Africa strategy, unveiled by Secretary of State Antony Blinken during his recent African visit, has largely split along North-South lines. While accounts in the U.S. press framed the policy as a response to China and Russia’s ...