Tag: Bank of CHina

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China’s Lending to the Global South Has Been Growing More Commercial

By Yunnan Chen Development finance has been embattled of late. Aid cutbacks have raised alarm over financing for climate and development goals. The most notable example is the egregious dismantling of the US Agency for ...

Who Will Come to the Rescue? The Inadequacies of the Global Financial Safety Net and Its Impact on Developing Countries

By Marina Zucker-Marques and William N. Kring In an era marked by ‘higher-for-longer’ interest rates and restricted access to international financial markets, access to emergency liquidity financing is essential for emerging markets and developing economies (EMDEs) to weather economic ...

WEEK IN REVIEW: South Africa Reportedly in Negotiation With Chinese EV Giant BYD to Open Manufacturing Plant in the Country

South Africa is reportedly in negotiation with the Chinese electric vehicle giant BYD to open a manufacturing plant in the country, according to the cabinet. BYD, China’s best-selling car brand, launched its first e-vehicle in SA last year. South Africa has a robust auto-building sector, which includes a ...

The Solomon Islands’ Beijing Embassy Opens Amid Western Concern About Stronger China Ties

The Solomon Islands officially opened its new embassy in Beijing this week, following the upgrading of their ties to a comprehensive strategic partnership. These stronger ties include an agreement on police cooperation. This follows riots in the capital Honiara in 2021, partly ...

Nigeria to Finance Major Pipeline After Chinese Funding Falls Through

The Nigerian government will pick up the tab to build the last portion of the 614-kilometer AKK natural gas pipeline that China had originally agreed to finance. In 2017, the Bank of China negotiated a deal to fund the $2.5 billion project ...

Analysis from Cobus van Staden

Confusing Developments in “Development”

This week I’m in Brussels, where I took part in a workshop on how the EU should shape its development strategy in response to China’s global influence.
I have joked in the past that it feels like I’ve attended this same ‘EU, Africa, and External Development Partners’ conference for ten years straight. 

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WEEK IN REVIEW: Chinese Foreign Minister Wang Yi Warned That Asian Countries Are at Risk of Becoming “Chess Pieces”

Chinese Foreign Minister Wang Yi warned that Asian countries are at risk of becoming "chess pieces" in the burgeoning geopolitical rivalry with the United States. Instead, he argued to the ASEAN Secretariat on Monday that "the future of our region should be in our own hands." Wang's comments ...

You’ve Heard of the Brady Plan, But What About the “Shanghai Plan” to Restructure Developing World Debt?

This week's revelation from the AfDB that Africa's total public debt now stands at $546 billion, more than all of the revenue collected in 2021 by governments across the continent, is the latest indication that the debt issue is blooming into a full-blown crisis ...

Week in Review: Human Rights, Contracts and Finance

China is turning to governments in Tanzania, South Sudan, and other Global South countries to fend off international criticism over its human rights policies in Xinjiang. The treatment of Uyghur Muslims was the main focus this week at the UN Human Rights Council after 

The Future of a Critical Nigerian Pipeline Now in Jeopardy as Chinese Lenders Balk

The fate of a multi-billion billion gas pipeline project in Nigeria is now in question after Chinese lenders have seemingly backed out of the deal, forcing the Federal Government to look elsewhere to raise the missing capital. The Bank of China ...