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Commodity Exporters in Developing Countries Fret as China’s Worsening COVID Outbreaks, Protests Prompts Sell-Off

Commodity sellers in Africa, the Middle East and the Americas are becoming increasingly anxious over the situation in China, where days of street protests and COVID outbreaks across the country are weighing down the price of their key exports.

Analysis from Cobus van Staden

Jiang Zemin Created the Africa-China Relationship As We Know It Today

Reflections on the legacy of Jiang Zemin, China’s president from 1993 to 2003, who passed away on Wednesday, emphasized how he presided over a decade of explosive economic growth. Fewer have pointed out that he was also a key architect of China’s current relationship with Africa. 
After the Mao era, emblematized by Chinese involvement in African anti-colonial struggles, the relationship went dormant as China focused on building economic ties ...

Zambia Hopes for Debt Deal by Q1 Next Year

The International Monetary Fund’s head of strategy, Ceyla Pazarbasioglu, will travel to Beijing next week for meetings with Chinese officials as part of a push for progress on Zambia’s debt restructuring.  This comes as Zambia's Finance Minister Situmbeko Musokotwane 

Can China’s Surveillance State Governance Model Be Exported Abroad?

China has built the world's largest and most intrusive surveillance system to monitor the behavior of its people. Millions of cameras, vast databases, and sophisticated online filters work together to form a seemingly omnipresent matrix that overwatches every aspect of daily ...

WEEK IN REVIEW: The G77 Bloc of Countries Together With China To Propose a New “Loss and Damage” Fund at the COP27 Summit

The G77 bloc of countries together with China is reportedly going to propose a new "loss and damage" fund at the COP27 summit to provide finance to poor countries impacted by climate disasters. The fund appears to be a repackaged version of the failed "climate adaptation fund" that wealthy ...

Debt in Africa: Everyone’s Watching What China Does in Zambia

The United Nations Development Program issued a new report this week that once again sounded the alarm on the urgent need for debt relief in the world's poorest countries. The UNDP said 54 countries are at risk, with African countries accounting ...

After Months of Delay, China Finally Begins Debt Restructuring Talks With Sri Lanka

Sri Lankan President Ranil Wickremesinghe informed the country's parliament late last week that China had finally agreed to begin long-desired debt restructuring talks. During a recent visit to Tokyo, President Wickremesinghe also called on Japan, Sri Lanka's other main creditor in addition to China and ...

WEEK IN REVIEW: Zambian Is Preparing for the First Round of Talks With Creditors on How to Restructure Its $14.87 Billion Debt

Zambian Finance Minister Situmbeko Musokotwane said his ministry is preparing for the first round of talks with creditors on how to restructure the country's $14.87 billion debt.  During a public meeting on Monday, Musokotwane refused to provide any details on when and where those negotiations would take place but added ...

China to the Rescue? China’s Liquidity Finance Should Be Welcomed but Not Gambled With

By Kevin P. Gallagher China is being criticized for stepping up its policy to provide liquidity financing in the form of loans and currency swaps for countries in distress for the wrong reasons. Providing such liquidity shows that China is ...

Two-Day China-Zambia Investment Forum Gets Underway in Lusaka

Zambian President Haikinde Hichilema, alongside Chinese ambassador Du Xiaohui opened a two-day investment forum on Wednesday in the capital Lusaka that aims to bring together businesses from both countries and generate more FDI. In all, 300 companies are participating in the ...

Understanding the Significance of China’s Interest-Free Loans Cancelation

By Oyintarelado Moses and Jyhjong Hwang On August 19, 2022, China announced it would waive 23 interest-free loans (IFLs) with maturity by the end of 2021 for 17 unspecified African countries worth an unspecified total amount. This announcement comes as ...

Sri Lanka Calls On Same Financial Advisory Firm That Worked With Zambia on Debt Restructuring

The Sri Lankan government hired the boutique Paris-based financial advisory firm Lazard to negotiate on its behalf with bilateral creditors in China, Japan, and India, among others. If that firm sounds familiar, it's because it's the same company that was brought in ...
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[NEW PODCAST] Why It's Not China's Fault That Its Trade With Africa is So Distorted

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