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How China Really Secures Its Loans to Developing Countries

The "debt trap" meme claims that China is intentionally lending vast sums of money to poor developing countries in Africa, and elsewhere, with the express intent to seize physical assets in those countries when they inevitably can't repay their debts.

In China, Ecuador’s Noboa Looks for Breathing Room and Bargains

With a tightening fiscal clock and the weight of geopolitical balancing on his shoulders, Ecuadorian President Daniel Noboa touched down in China last week with more than just a forum appearance on his agenda. His trip to the 2025 Summer Davos Forum in Tianjin doubled as a ...

China Floats Ideas for “Multipolar” Currency System to Balance U.S. Dollar

China announced several new initiatives aimed at increasing global trade in the yuan and to hedge against the dominance of the U.S. dollar. Pan Gongsheng, the governor of the People’s Bank of China, proposed a future where the global financial system would rely on several currencies.

Bolivia Risks Debt Default Without New Funding, Says President

Bolivia, battling an economic crisis that has plunged it into social unrest, risks defaulting on its loan payments if it does not obtain new foreign financing, President Luis Arce told AFP on Wednesday. "We are trying not to default. We have ...

Asian Finance Ministers Outline a Joint Response to Trump Administration’s Trade Pressure

As U.S. President Donald Trump dominated headlines with the announcement of further tariffs (this time on movies), Asian finance ministers quietly launched the continent’s newest set of strategies to lessen its exposure to the United States. This follows the meeting of finance ministers and central bank governors of ...

Analysis from Cobus van Staden

Plugging into African Agency

After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.
These shifts indicate a window of opportunity for African electrification. 60% of Africans still ...

Asian Finance Ministers Outline a Joint Response to Trump Administration’s Trade Pressure

As U.S. President Donald Trump dominated headlines with the announcement of further tariffs (this time on movies), Asian finance ministers quietly launched the continent’s newest set of strategies to lessen its exposure to the United States. This follows the meeting of finance ministers and central bank governors of ...

Asian Finance Ministers Outline a Joint Response to Trump Administration’s Trade Pressure

As U.S. President Donald Trump dominated headlines with the announcement of further tariffs (this time on movies), Asian finance ministers quietly launched the continent’s newest set of strategies to lessen its exposure to the United States. This follows the meeting of finance ministers and central bank governors of ...

No More Time to Waste: The Imperative to Strengthen Global South Voice and Representation at the IMF

By Tim Hirschel-Burns and Marina Zucker-Marques The International Monetary Fund’s (IMF) governance is increasingly out of step with today’s world. While emerging market and developing economies (EMDEs), including China, account for 60 percent of global gross domestic product (GDP), they ...

No More Time to Waste: The Imperative to Strengthen Global South Voice and Representation at the IMF

By Tim Hirschel-Burns and Marina Zucker-Marques The International Monetary Fund’s (IMF) governance is increasingly out of step with today’s world. While emerging market and developing economies (EMDEs), including China, account for 60 percent of global gross domestic product (GDP), they ...

Beware False Idols: The Pitfalls of Copy-Paste Development Models

By Felix Brender 王哲謙 At this year’s Munich Security Conference, the U.S. put on such an antagonistic performance that China barely had to lift a finger to win brownie points. All Beijing had to do was sit back, radiate calm, and ...

Counterterrorism and Economy to Dominate Pakistani President’s Visit to China

Pakistan’s President, Asif Ali Zardari, is embarking on a five-day visit to China, where he will meet with Chinese leaders. Expanding Chinese security presence in Pakistan will reportedly be on the agenda. China’s heavy investment in the China-Pakistan Economic Corridor (CPEC) has made the key BRI project a ...

World Bank Boosts China’s Growth Forecasts, Calls for Structural Reforms

The World Bank has revised its growth outlook for China upward but warned that the country must implement bold structural reforms to address persistent economic vulnerabilities. In its December 2024 China Economic Update, the World Bank forecasted GDP growth ...
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