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China: Africa’s Debt Problems Due to “Dollar Hegemony”

The Chinese Ministry of Foreign Affairs introduced a new talking point aimed at countering accusations by U.S. legislators and other stakeholders that Beijing engages in predatory lending in Africa. For the first time on Friday, the Ministry referenced "dollar hegemony" ...

Understanding China’s Role in the Developing World Debt Crisis (Part 2)

The widely debunked Chinese debt trap narrative re-surfaced again in Washington, D.C. when the top U.S. military commander for Africa General Michael Langley testified before Congress -- highlighting the urgent need for better information about Chinese lending practices in developing countries. ...

Update on China’s Role in the Burgeoning Global South Debt Crisis

There was a lot of excitement earlier this month at the IMF and World Bank's annual gathering in Washington, D.C. about rumors that the impasse between China and multilateral development banks (MDBs) had been resolved. That stalemate between the Chinese and ...

China’s Newest Talking Point on Debt: The U.S. Dollar is to Blame

As China faces increasing criticism around perceptions that it is holding up debt relief processes, its state media seems to be trying out new talking points in its messaging on the issue to Global South audiences, as seen in a recent article in the state-owned tabloid Global Times: ...

African Leaders Push Back Against Western Media Narratives on China

While Vice President Kamala Harris worked hard to keep the focus on U.S.-Africa relations during her recent tour of the continent, reporters in the traveling press corps kept bringing up China -- much to the chagrin of her hosts in Ghana, ...

China’s Small but Important Role in Ghana’s Debt Crisis

China's share of Ghana's $55 billion public debt is quite small at just $1.7 billion or 3% of the total, but Beijing nonetheless plays a critical role in Accra's efforts to revive its economy. The Ghanaian government needs China's support in ...

China’s Lending Money Again to Countries in the Americas

Chinese lending to countries in Latin America and the Caribbean is gaining momentum. For the second year in a row, China's two largest policy banks have increased lending to countries in the region, albeit in much smaller amounts than what they ...

Reporting Tips for African Journalists Covering China

Reporting on China is difficult even for the most experienced journalist who's spent years living there and speaks the language. So, it's not surprising that reporters in Africa who've had limited exposure to the country often struggle to cover China-related news. ...

Africa’s Role in China’s Evolving Geopolitical Priorities

It's been a momentous past two weeks for Chinese foreign policy with major a breakthrough in the Sri Lanka debt impasse and the landmark announcement that Beijing helped to broker the restoration of ties between Iran and Saudi Arabia. Meantime, China ...

China vs. the Multilateral Development Banks

There was a major breakthrough this week in China's months-long standoff with the World Bank, IMF and other multilateral creditors when Beijing agreed to fully back Sri Lanka's debt restructuring. The move now clears the way for Colombo to secure $2.9 ...

The China Debt Story in Nigeria Makes Headlines Even When It Shouldn’t

Nigeria marked an important milestone this week when its total public debt topped 49 trillion naira or $108 billion. Curiously, the editors at the popular online news site Legit thought that the country's $4.15 billion debt to China was worth mentioning in the story's headline.

WEEK IN REVIEW: China-IMF Debt Standoff | France’s “New” Africa Strategy | SA Naval Exercises

The G20 finance ministers meeting in India came and went without any progress on the debt standoff between China and the IMF/World Bank over who should take losses on loans to the world's poorest countries. ...
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