Tag: China
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Kenya’s Rapidly Devaluing Currency Pushes Up Debt Servicing Costs, Particularly to China
The cost to repay Kenya's dollar-denominated loans is getting more expensive, literally by the day. The National Treasury reported that the plunging value of the shilling since the beginning of the year has increased the cost to service dollar-denominated loans by ...
Report: African Governments Must Do More to Work Together and Enact Radical Transparency to Better Manage Chinese Debt
China is not the largest creditor to African governments but it is certainly one of the most important, particularly because Chinese loans are far more opaque than those from other lenders. Now, in the midst of a burgeoning debt crisis in ...
U.S. Becoming Increasingly Worried About Chinese EV Car Brands Setting Up Factories Across the Border in Mexico
The United States government is becoming nervous about the prospect of Chinese automakers building new factories in Mexico that would afford those new vehicles duty-free access into the U.S. market. MG, BYD and Chery are reportedly all in talks to build ...
China’s Crisis Diplomacy Is in Overdrive – but to What Effect?
By Lukas Fiala 方朗克 When China’s Horn of Africa Envoy, Xue Bing, returned to Ethiopia earlier this week, he did so in the context of China’s increasingly proactive diplomacy across Africa and the Middle East. From the conflict in Gaza to the peace ...
COP28 Ends With Fossil Fuel Compromise, Many Unanswered Questions
This year’s COP28 will likely be remembered for its epic fights about fossil fuel use. For the first time in the gathering’s history, an explicit commitment to “phase out” fossil fuels was on the agenda. The delegates didn’t get there, committing to “transition away” from hydrocarbons instead. ...
Chinese Mining Companies Are Pushing Down the Price of Cobalt, U.S. Committee Wants to Do Something About It
There's a growing awareness in Washington, D.C., that the rock-bottom prices of certain critical resources used to manufacture electric vehicle batteries provide China a competitive advantage while jeopardizing U.S. national security. A massive glut of cobalt, nickel and other EV battery ...
South Korea Moves to Reduce Reliance on China for EV Battery Metals
The South Korean government introduced new measures this week to reduce its dependence on China for 185 different critical resources, many of which are used to manufacture EV batteries. The Ministry of Industry, Trade and Energy announced on Wednesday new measures that ...
Chinese Arms Arrive in Zimbabwe
Zimbabwean President Emmerson Mnangagwa officially received a consignment of weapons from China on Wednesday. The arms include armored fighting vehicles, personnel carriers, machine guns, and pistols. The weapons were handed over by China’s ambassador, Zhou Ding. While framing the consignment as a donation, Mnangagwa ...
Thailand’s China Tourist Woes Set to Worsen After Woman Charged Following TikTok Video
Thai police are pressing charges against a Chinese social media influencer after she posted a video from a Bangkok nightlife area she claimed was dangerous for women — in a move that could further scare away potential Chinese tourists. Wang Ziyu — ...
Papua New Guinea and Solomon Islands Illustrate Striking Divide in South Pacific Country Allegiances
Leaders from Papua New Guinea and the Solomon Islands are making it clear where their loyalties lie as China and the West jockey for influence in the strategically important South Pacific. Papua New Guinea signed a defense agreement with the U.S. ...
The Strategy Behind Vietnam’s Decision to Back China’s “Common Destiny” Agenda
Xi Jinping's "Community of Common Destiny" is little more than a slogan for a lot of international observers but that thinking may be out of date now that China is using it as a core organizing principle of its foreign policy. ...
Vietnam’s Bamboo Diplomacy on Display… Literally
Visiting General Secretary of the Communist Party of China, Xi Jinping took a break from his talks with his Vietnamese counterpart Nguyễn Phú Trọng for a sip of white tea at the CPV's headquarters in Hanoi on Tuesday. The decorative trees in ...