Tag: Development
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WEEK IN REVIEW: China’s New Green Energy Diplomacy in Africa
Over the past six months, there's been a noticeable increase in the number of green energy deals announced by Chinese private and state-owned enterprises in Africa. But unlike the earlier era of Chinese-financed infrastructure development in Africa, this new push into ...
Tensions Flare in Ancient Thai City Over New Chinese-Backed High-Speed Railway
Majestic royal palaces, serene Buddhist monasteries, and ancient sacred Buddhist relics known as stupas with intricate carvings stand in stillness, towering above a viewer gazing from the ground. This is Thailand’s Historic City of Ayutthaya: the old city north of the capital Bangkok situated in the middle of ...
The Case for More U.S. Soft Power to Counter China in the Global South
China is one of the very few truly bipartisan issues in Washington today where there is near unanimous consensus that the U.S. must work to counter Beijing's growing influence around the world, especially 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 ...
Bright Simons on Africa in the Era of Great Power Competition
Many African countries are confronting unprecedented challenges from a convergence of forces far beyond their control. Africans are suffering disproportionately from the effects of climate change, global economic disruption and are being pushed to the middle of yet another Great Power ...
What’s in Store for Chinese Companies Encouraged to Invest in Equatorial Guinea?
Chinese State Councilor and Foreign Minister, Qin Gang, recently urged Chinese companies to invest in Equatorial Guinea and expressed that the Chinese market is open to receiving more products from the African nation. After meeting his Equatorial Guinea counterpart, Simeon ...
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 ...
What’s Driving the Steady Decline in Chinese Overseas Development Lending?
There was a time when Chinese lending to developing countries rivaled the World Bank. Those days are now long gone as Chinese overseas development lending has been on a steady downward trajectory.
China’s Overseas Development Finance Totaled $10.5 Billion in 2020-21, Lowest in Recent Years
By Rebecca Ray After providing a staggering amount of finance for overseas development projects in the wake of the global financial crisis, Chinese overseas development finance has been on a general downward trend for several years. New data shows the pandemic ...
China-Global South in 2023: Our Views on What to Expect
Eric Olander, Editor in Chief China's efforts to build a parallel international order are going to accelerate in 2023. Led by a new foreign policy team that will assume office in March, Xi Jinping's new Global Development Initiative will take shape, ...
The 2022 Africa-China Year in Review With Gyude Moore
Chinese trade with Africa is widely expected to break yet another record in 2022, while Chinese lending to countries across the continent fell again. Meantime, African leaders this year also forcefully pushed back against both the U.S. and China to avoid ...
Is the U.S. Comparative Advantage in Engaging with Africa Enough for U.S.-Africa Relations?
By Oyintarelado Moses The U.S. showed off its comparative advantage in engaging with Africa during the Africa and Diaspora Young Leaders Forum at last week’s U.S.-Africa Leaders Summit. While sitting in the audience, I observed as the first African American Vice ...