Country: China
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CARI Researchers Critique AidData’s Report on Chinese “Hidden Debt” in BRI Countries
AidData's landmark research report published last month, "Banking on the Belt and Road," generated tremendous media coverage around the world, particularly related to the report's finding that $385 billion in so-called "hidden debts" are owed to China. ...
With New Chinese Money Hard to Come By, Kenya’s Treasury Turns to the Bond Market to Finance Infrastructure
The Kenyan government is making preparations to float its largest-ever bond offering, a record $1.3 billion (Sh150 billion) issuance. It will be used to settle debts with contractors, possibly including some Chinese companies, and to fund road projects that are currently in development.
Chinese State Media: Blame the U.S. For the Coup in Sudan
Although the Chinese Foreign Ministry has been largely silent this week about the military coup in Sudan, the country's largest television broadcaster, CCTV (央视新闻), appears to be framing the story in a way that lays the blame for the collapse of the civilian government squarely at the ...
Two Chinese Experts Call for Beijing to Do More to Provide Non-Vaccine Assistance to Combat COVID in Africa
Simply shipping more jabs to Africa will not be enough to fulfill Chinese President Xi Jinping's commitment to make COVID vaccines a "global public good," argued two experts in a column published this week on the site "China and International Development."
In Phone Call With Macron, Xi Pursues Trilateral Development Cooperation in Africa
Chinese President Xi Jinping urged his French counterpart Emmanuel Macron in a phone call on Tuesday that the European Union should pursue greater autonomy (presumably from the U.S.) in its foreign policy. The two leaders also discussed the upcoming COP26 climate ...
Jake Sullivan: B3W Will Show How Americans Can Outcompete China on Infrastructure
U.S. National Security Advisor Jake Sullivan (photo) reiterated what's has become a common talking point in Washington: that the administration's Build Back Better World (B3W) initiative is going to challenge China's Belt and Road Initiative head-on. Sullivan ...
If the U.S. is Going to Compete Against China’s BRI, Then It’s Going to Have to Mobilize the Private Sector… And That Won’t Be Easy
If the proposed B3W has any chance of rivaling China's eight-year-old Belt and Road Initiative, the U.S. government is going to have to persuade development finance institutions, private companies, and Wall Street that building infrastructure in some of the world's highest risk countries is a good investment. ...
China, DRC Sign Three Agreements to Reduce Debt and Provide New Aid
Chinese ambassador to the DRC Zhu Jing and Foreign Affairs Minister Christophe Lutundula Apala posed for a ceremonial fist-bump at the Foreign Ministry in Kinshasa following the signing earlier this month of three new accords that will provide additional Chinese aid to the DRC while eliminating some of ...
The Lives of African Youth Need to Be on the Climate Agenda in Glasgow
Our podcast conversation this week with the Kenyan economist Anzetse Were was a feast of insights. Among these was her point that there is a massive lag between financing for climate mitigation versus climate adaptation. The former refers to measures directly aimed at reducing future ...
Q&A: What’s At Stake For China in Sudan?
China's reaction, so far, to Monday's military coup in Sudan has been reserved, especially compared to the forceful response Beijing issued within 24 hours of last month's overthrow of President Alpha Condé's government in Guinea. But China's interests in Guinea and Sudan are very different and ...
Anzetse Were on the Current State of China-Africa Economic Relations
China-Africa trade figures for the first eight months of the year are in and they look solid. So good, in fact, that the two sides appear on track to surpass last year's $187 billion in two-way trade. But those big numbers ...
Chinese Embassy in Sudan Activates Emergency Protocols, Orders Companies to Stop Work and Personnel to Take Shelter
The Chinese embassy in Khartoum on Monday activated its "safety emergency mechanism," a set of protocols that ordered all "Chinese-funded institutions" to suspend operations and for personnel to take cover in response to the escalating unrest in Sudan following yesterday's toppling of the civilian government.