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Growing Concerns China’s Relief Deal Only Postponed Angolan Debt Crisis
When Angolan finance minister Vera Daves de Sousa announced last week that China reached a debt restructuring deal that would give Luanda “three years of breathing space,” the markets largely responded favorably. .memberful-global-teaser-content p:last-child{ -webkit-mask-image: linear-gradient(180deg, #000 0%, transparent); mask-image: linear-gradient(180deg, #000 …
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All Things Considered, 2020 Wasn’t a Terrible Year For China-Africa TradeChina’s Ministry of Commerce (MOFCOM) released some updated figures last week on trade with Africa that tell a much more positive story than many would have assumed, given the sizable economic disruptions brought on by the COVID-19 outbreak. .memberful-global-teaser-content p:last-child{ -webkit-mask-image: linear-gradient(180deg, #000 0%, transparent); …
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With the U.S. In Its Sights, China Moves to Restrict Rare Earths Exports. Could Cobalt Be Next?China’s control of strategically important minerals and metals are poised to become new weapons in the increasingly acrimonious trade conflict with the United States. The Ministry of Industry last week submitted a new policy proposal that aims to tighten export controls on …
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High Profile Kenyan TV Anchor Leaves KTN For China’s CGTN AfricaKTN news presenter Grace Kuria announced on air over the weekend that she’ll be leaving the network. Although she didn’t say what she’s going to do next, Pulse Kenya reports she’ll soon join CGTN Africa at the Chinese channel’s regional headquarters in Nairobi. …
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New Stats Reveal China-Africa Trade, Aid Flows Rose in 2019, But FDI Kept FallingResearchers at the China-Africa Research Initiative at Johns Hopkins University in Washington, D.C. published a highly-anticipated update on Wednesday to their data sets that track Chinese economic engagement with the continent. The new figures for 2019 can’t be summed up in a single, simple narrative. While trade and foreign …
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Algeria Becomes First African Country to Register Russia’s Sputnik V Vaccines While Indonesia Becomes the First Country to Deploy China’s CoronaVacA growing number of developing countries are beginning to mobilize their vaccination campaigns using jabs mostly from China and Russia. In Southeast Asia, where Chinese Foreign Minister Wang Yi is currently on a week-long four-nation tour, the vaccine issue is the top story. .memberful-global-teaser-content p:last-child{ …
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As Angola Gets Debt Relief From Its Creditors, Kenya Hopes For the Same From ChinaYesterday marked the first major development we’ve seen on the debt story in Africa in quite some time. The fact that Angola was the beneficiary was significant, given its outsized position in China’s loan portfolio on the continent. .memberful-global-teaser-content p:last-child{ -webkit-mask-image: linear-gradient(180deg, #000 0%, transparent); …
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The Team at Boston University Provides a Fresh Reminder That the World’s Chinese Debt Problem is Concentrated in About 10 CountriesBoston University’s Global Development Policy Center published a new infographic that reveals the unequal distribution of Chinese debt around the world. They found that 10 countries account for 60% of China’s global development finance. .memberful-global-teaser-content p:last-child{ -webkit-mask-image: linear-gradient(180deg, #000 0%, transparent); mask-image: linear-gradient(180deg, #000 0%, transparent); …
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With New Lockdowns in South Africa Threatening to Slow Cobalt Exports to China, Prices For the Strategically Important Metal Are Going UpInvestors are becoming increasingly worried that South Africa’s recent decision to close 20 land ports will adversely impact the flow of cobalt from mines in the DR Congo to customers in China. President Cyril Ramaphosa on Monday announced a series of new lockdown measures in …
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China Evolves Its Language That Frames Its Engagement in AfricaThe China Media Project (CMP), an independent research organization affiliated with the Journalism & Media Studies Centre at the University of Hong Kong, published an interesting analysis today on how Chinese propaganda is evolving the language (in Chinese) …