Country: China
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China Piled On Debt As Sri Lanka Sank: WSJ
The Wall Street Journal has published a highly critical account of China's involvement in Sri Lanka's debt crisis. It quotes current and former Sri Lankan officials claiming that China discouraged them from seeking an early IMF bailout, offering loans for liquidity support instead.
Deep Dive: Jose Eduardo dos Santos and the History of the “Angola Model”
The death of Angola's former president Jose Eduardo dos Santos on 8 July, brought to an end a pivotal Africa-China relationship, one that reshaped the whole continent's relationship with the rising superpower. This great obit by South China Morning Post's Jevans Nyabiage, ...
First Zambia, Now Ethiopia: African Debt Restructuring Gains Momentum
The Franco-Chinese-led Creditors Committee overseeing debt restructuring for three African countries under the auspices of the G20's Common Framework will meet on Monday for the first time to discuss the situation in Ethiopia. The same committee has been meeting in Paris for ...
Chinese-Invested Portuguese Company Wins Crucial Logistics Concession in Angola
Portuguese construction major Mota-Engil outbid three Chinese state-owned companies, CITIC, Sinotrans, and CR20, to win a 30-year concession to operate the strategically important Lobito Corridor that connects the copper/cobalt belt in the southern DRC and northern Zambia with the port of Lobito in Angola. But ...
Will China Finally Accept Kenyan Avocadoes? Maybe!
Chinese agricultural inspectors have concluded an audit of Kenyan avocado crops and warehouses, raising hopes that exports to China can finally begin. The audit is only the latest hurdle facing farmers hoping to access the Chinese market. Earlier, they were temporarily ...
Iran to Become Shanghai Cooperation Organization Member by 2023
Iran will become a full member of the Shanghai Cooperation Organization in April 2023, according to the Chinese state newspaper Global Times. Iran has lobbied to join the Eurasia-spanning group for more than a decade, and its acceptance is sure to further boost ...
For Some Weird Reason, CGTN Doesn’t Want to Say Huawei by Name in a Report About the Company in Kenya
For some reason, the Chinese state broadcaster CGTN went out of its way to avoid naming Huawei by name in a recent report about the company's role as the primary technology service provider for Safaricom's popular mobile payment service M-Pesa. This is odd, ...
African Countries Owe Way More to Private Creditors Than to China, Says New NGO Report
African governments owe nearly three times as much money to Western private creditors than they do to Chinese lenders, according to a new report by the UK-based NGO Debt Justice. The group's findings are based on World Bank data and reveal a ...
Chinese Weapons and Military Equipment Are Showing Up on the Battlefields of the Eastern DR Congo
Chinese-made weapons and military equipment are in wide use by the Congolese rebel group M23 and other factions battling in the eastern DRC, according to an investigation by the DRC news publication Politico.cd. "M23 weapons seized by the FARDC (the Congolese military) ...
A Glimpse into China’s Senior Diplomat’s Visit to Africa and Asia
Yang Jiechi, one of China's most senior foreign policy officials and a politburo member, visited Pakistan, The UAE, Mozambique, and Zimbabwe earlier this month and gave a rare interview to Xinhua about his trip. While he mostly stuck to official talking ...
Chinese Lithium Giant Expands into Argentina
The Chinese battery metals company Ganfeng Lithium Co. will spend $962 million to buy 100% of the Argentinian lithium compounds producer Lithea. The company owns lithium salt lakes with a capacity of 30,000 tons of lithium carbonate per year. Ganfeng Lithium ...
China and the Prospect of Early Retirement of Coal Plants in the Global South
By Alex Clark, Christoph Nedopil and Cecilia Springer Formerly the world’s largest public financier of coal, China has committed not to build new coal plants overseas. China has financed between 41 GW and 52 GW of currently operating ...