Country: European Union
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FOCAC’s Powerful Optics Present a Challenge to China’s Rivals
FOCAC is for me what the Winter Olympics is for a curling fan – the one moment every few years when the world briefly shares one’s obsession. So it was interesting (and revealing) how relatively muted the coverage of the triennial meeting has been this time around. ...
Why Policymakers in the U.S. and Europe Should Feel Nervous After Xi’s FOCAC Speech
It's unlikely that many people in either Washington or Brussels paid that much attention to Chinese President Xi Jinping's keynote address on Monday at the Forum on China-Africa Cooperation conference. Except for news agencies like Reuters and Bloomberg, no major U.S. newspaper, news site, or television network ...
As the World Forgets About the Debt Crisis, More African Countries Struggle to Stay Afloat Amid Rising Servicing Costs
Last year at this time, expectations ran high that Africa's largest creditors in Beijing, and among the Paris Club members were all motivated to restructure their outstanding loans to reduce the burden on some of the world's poorest countries. Well, it ...
China, Africa and the Global Race to Source EV Battery Metals
Chinese automakers smashed another monthly record for production and sales of electric vehicles in October. Car companies produced just under 400,000 vehicles last month, up 133% from the same time last year and almost 10% from September, according to new data from the Chinese ...
Representatives From 50 African Countries Take Part in Inaugural China-Africa Beidou Forum
More than 600 representatives from almost every African country, including eight ministers and eight ambassadors, attended the first-ever China-Africa Beidou System Cooperation Forum that took place on Friday in Beijing and also online with stakeholders in Africa. ...
Debt Relief for World’s Poorest Countries Barely Mentioned at G20 Summit in Rome
Leaders from the world's wealthiest countries meeting in Rome over the weekend covered a lot of ground on everything from finalizing an agreement on a global minimum corporate tax to new climate-related commitments. But for a ...
The Pressure is on the G20 to do Something… Anything… About Debt Relief at This Weekend’s Summit in Rome
Debt relief for the world's poorest countries will once again be a topic of discussion at yet another high-profile G20 gathering this weekend in Rome. Yet, there's good reason to doubt that little more will come out of this meeting than any of the ...
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 ...
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 ...
While the EU & U.S. Talk About Competing With China to Build Infrastructure in the Global South, Japan’s Experience in Vietnam Should Give Them Pause
Over the past month, the United States and Europe have doubled down on their commitment to challenging China's Belt and Road Initiative by launching new initiatives to build infrastructure in developing countries. Secretary of State Antony Blinken this week
The EU Launches “Global Gateway” as the Latest Challenger to China’s Belt and Road Initiative
European Union Commission President Ursula von der Leyen announced a new initiative aimed squarely at challenging China's dominance in building infrastructure throughout the Global South. Von der Leyen unveiled the "Global Gateway" plan on Wednesday during her annual "State of the European Union" address before ...