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Top State Department Official Says China’s Debt Relief Offer to Sri Lanka is “Not Enough”

Another senior U.S. diplomat has accused China of not doing enough to resolve Sri Lanka’s debt renegotiation, a sign that the island’s financial crisis is increasingly being framed geopolitically. U.S. Under Secretary of State for Political Affairs, Victoria Nuland said: "What China ...

China on Debt: It’s Not Us, It’s You

Chinese Foreign Ministry spokesperson Mao Ning pushed back against recent allegations by senior Western officials that China is holding back debt restructuring in Zambia. Citing recent statistics from the Zambian government, Mao pointed out that Zambia’s debt burden is predominantly Western, with 24% ...

Analysis from Cobus van Staden

Top State Department Official Says China’s Debt Relief Offer to Sri Lanka is “Not Enough”

Another senior U.S. diplomat has accused China of not doing enough to resolve Sri Lanka’s debt renegotiation, a sign that the island’s financial crisis is increasingly being framed geopolitically.
U.S. Under Secretary of State for Political Affairs, Victoria Nuland said: “What China has offered so far is not enough. We need to see credible and specific assurances that they will meet the IMF standard of debt relief.”

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WEEK IN REVIEW: Kremlin Announced Chinese President Xi Jinping Will Visit Moscow

The Kremlin announced Chinese President Xi Jinping will visit Moscow, although the Chinese Foreign Ministry hasn’t confirmed it yet. The visit will partly aim to deny growing distance between the allies on the Ukraine conflict, although it is unlikely to change China’s fundamental position. (SOUTH CHINA MORNING POST) ...

Why Linda Thomas-Greenfield’s Hot Take on Chinese Debt in Africa Is So Problematic

In a recent interview, the U.S. ambassador to the UN (and former U.S. Assistant Secretary of State for Africa) weighed in on China's role in African debt distress in terms that could be described as 'blinkered' at best ('disingenuous' is another possibility): 

China Ramps Up Brazilian Corn Imports

A ship carrying 51,200 tons of corn became the first Brazilian vessel to dock at Jiangyin Port on the Yangtze River, with ships from the agricultural giant delivering 2.4 million tons of grain in total. The delivery comes as Brazil (the second largest corn exporter in the ...

U.S. Panic About Chinese Land Grabs Echoes Africa

Recent reports in the right-leaning press in the United States claim that China is escalating purchases of American farms. This drumbeat is partly in support of the proposed Promoting Agriculture Safeguards and Security (PASS) act. The bipartisan measure would block investments ...

Africa’s Largest Mining Conference Set Against Backdrop of Rising Competition Between China and the West

Attendees at next week's Mining Indaba in Cape Town, Africa's largest mining conference that gets underway on Monday, say they're expecting a new sense of urgency from U.S. and European stakeholders who are keen to find ways of breaking China's grip on critical resources like cobalt and ...

Given How Unreliable Electricity Service is in South Africa, It’s Not Surprising Huawei’s New Power Wall is Generating Buzz

Huawei may be under mounting pressure in the United States, where the government will reportedly expand sanctions against the Chinese tech giant to block all American technology transfers, but in South Africa, it's a totally different story. On the same day ...

U.S. Bid to Challenge China’s Dominance of the Battery Metal Supply Chain in Africa Faces Two Key Hurdles

Widely perceived as a major and concrete U.S. move to counter China in the supply chain of critical minerals in Africa, the U.S.-DR Congo-Zambia MoU signed last December in Washington, D.C., will confront significant challenges, mainly for the DRC and Zambia.  Both ...

State Department Sends Top Official to Asia and the Middle East to Bolster Ties Amid Rising Competition With China

Victoria Nuland, the State Department's under secretary for political affairs and one of Washington's most senior diplomats, arrived in the Nepalese capital of Kathmandu on Sunday -- the first stop on a three-nation, week-long tour that also includes Sri Lanka and Qatar. ...

A New Era of U.S. and Chinese Engagement in Africa is Now Underway

This was a big week for both the U.S. and China in Africa as both major powers' new, more robust engagement strategies were on full display. For the U.S., two cabinet secretaries toured the region this week, while Chinese officials in ...

China’s Ambassador to the DR Congo to Leave

Chinese ambassador to the Democratic Republic of the Congo stopped by the Defense Ministry in Kinshasa this week to say goodbye to Minister Gilbert Kabanda.  Zhu also left a parting gift of $27 million of security assistance ...
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