Tag: BRI
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Happy Birthday, B3W! We Have Some Questions.
Very few noticed, but June 12 saw an important milestone: the one-year anniversary of the announcement of the Biden administration’s Build Back Better World (B3W) initiative. The plan drew on two kinds of connectivity. First, it was linked with Biden’s ...
Africa in the Era of Great Power Competition
Policymakers in most African countries are facing unimaginable challenges brought on by the pandemic, economic disruption, climate change, and the impact of the war in Ukraine. As if that wasn't enough, the increasingly contentious U.S.-China conflict adds even more uncertainty.
Regulation, Security Raise Hurdles for Chinese Companies in Somalia: Ambassador
Fei Shengchao, China's ambassador to Somalia, recently sat down with a reporter from the Somali news service Goobjoog, for a rare television interview. In the clips released by the embassy, he addressed problems faced by Chinese fishing companies in navigating Somalian regulation, and ...
New Insights on How BRI Funding is Changing
Several recently-published research projects added crucial new insights on Chinese lending patterns in Africa. The findings of two of these projects were unpacked by the researchers. These discussions are now available on YouTube. Key Highlights From Recent Webinars on Chinese Lending
U.S. Senator’s Widely-Held Misunderstanding of the U.S. Response to Chinese Development Financing in Africa
For some reason, the Foreign Policy Association last week published a 2020 clip of U.S. Senator Tim Kaine explaining how the U.S. planned to compete with China in development finance in Africa: ...
State of the BRI and the Messy Politics of a “Just Climate Transition”
China's Belt and Road Initiative (BRI) is undergoing some dramatic changes as Beijing pulls back on the massive loans that once defined it as the government is now forced to channel more funds domestically to bolster the country's slowing economy.
Brazil’s Central Bank Quadruples Yuan Holdings, Raising Chinese Hopes for Greater RMB Acceptance
Brazil’s Central Bank increased its reserves of Chinese renminbi (RMB) fourfold last year. It is the latest indication that the RMB is set to become much more influential in the global financial landscape. A survey last week indicated ...
China Opens Door to B3W Cooperation
Chinese Foreign Minister Wang Yi surprised commentators on Monday by saying that China might be willing to cooperate on the United States-led Build Back Better World (B3W) initiative. Wang was speaking at a ceremony commemorating the fiftieth anniversary of the Shanghai Communiqué, the Nixon-era agreement which normalized U.S.-China relations. ...
Africa-Europe Summit Begins Amid Hope, Skepticism and a Wary Eye on China
European and African leaders kicked off a two-day summit in Brussels on Thursday amid a sense that ties between these two continents have reached a critical inflection point. European leaders, notably French President Emmanuel Macron, the current rotating president of the ...
The Future of Chinese Infrastructure Finance in Africa
Nigerian Transportation Minister Rotimi Amaechi acknowledged this week that he will no longer rely on China to fund two major railways and will have now have to look elsewhere for the money. The minister's comments shouldn't come as a big ...
Wang Yi Begins Week-long Africa Tour in Eritrea But You Wouldn’t Know It From Chinese State Media
Chinese Foreign Minister Wang Yi landed in the Eritrean capital Asmara on Tuesday evening to kick off a three-nation, four-day Africa tour that also includes stops in Kenya and the Comoros Islands in the Indian Ocean. Wang was greeted at the ...
With FOCAC Now Over, Chinese FM Wang Yi Turns His Attention to China’s Forum With LatAm and the Caribbean
Within days of the conclusion of the Forum on China-Africa Cooperation in Dakar, Chinese Foreign Minister Wang Yi pivoted to focus on a similar ministerial forum with his counterparts from Latin America and the Caribbean. Wang last Friday chaired the third Ministers' Meeting of the Forum of ...