Tag: Janet Yellen

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WEEK IN REVIEW: China Defense Minister Dong Jun Faces Corruption Investigation

Singapore's Senior Minister and former Prime Minister Lee Hsien Loong began a six-day visit to China on Monday that will include meetings with Chinese President Xi Jinping. The visit, Lee's first since stepping down as PM, is widely seen as an effort to stabilize heightened geopolitical tensions in ...

WEEK IN REVIEW: Putin Urges BRICS to Develop SWIFT-Like Payment System

The Indonesian Coast Guard said it “drove out” a Chinese Coast Guard vessel from a contested area of the South China Sea. The Indonesian side was busy with a gas survey conducted by the country’s oil and gas company, PT Pertamina, off the Natuna Islands. In radio communication, ...

WEEK IN REVIEW: Vietnamese Officials Preparing for Chinese President Xi Jinping Visit Next Week

Vietnamese officials are preparing for Chinese President Xi Jinping to visit Hanoi next Tuesday and Wednesday, well-placed sourced told Bloomberg. This will be Xi's first trip to Vietnam since 2017 and follows Hanoi's recent upgrade of diplomatic ties with both the U.S. and Japan. (BLOOMBERG) ...

WEEK IN REVIEW: China’s Top Diplomat Wang Yi Will Travel to Africa Next Week

China’s top diplomat Wang Yi will travel to Africa next week. He is attending a meeting of BRICS national security advisors in Johannesburg on 24 and 25 July. In addition to South Africa, he will also visit Nigeria, Kenya, and Türkiye. (CHINESE MINISTRY OF FOREIGN AFFAIRS)

Yet Another Failed G20 Debt Gathering

A meeting of finance ministers and central bank heads of the G20 group of leading economies produced few results despite increasingly shrill calls for action to help the roughly 50% of developing countries stalked by debt distress. Progress at the ministerial meeting, ...

Analysis from Cobus van Staden

The Pain of Un-Polarity

“THE G2 WILL BE CONVENING SHORTLY!”
This post by U.S. President Donald Trump in the run-up to his meeting with Chinese President Xi Jinping last week may end up leaving a more lasting mark than the actual summit he attended.

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Hichilema Refutes Western Accusations China Was to Blame for Delays in Zambia’s Debt Restructuring

Zambian President Haikinde Hichilema rejected longstanding accusations by Western governments and institutions that China was to blame for how long it took to reach a debt restructuring agreement. The president told Bloomberg TV after the deal was announced on Friday in ...

Backgrounder: Why China Matters So Much at the Summit for a New Global Financing Pact

In Paris, all eyes are on Chinese Premier Li Qiang, representing the People’s Republic at this week’s Summit for a New Global Financing Pact. China’s rise is perhaps the most important mega-trend that led to the current rethinking of the global development finance system, but it remains ...

WEEK IN REVIEW: Chinese President Xi Jinping Expressed Support for South Africa to Remain Host for BRICS Summit in August

Chinese President Xi Jinping expressed support for South Africa to remain host for the upcoming BRICS summit in August. Xi's comments during a call with his SA counterpart Cyril Ramaphosa on Friday indicate he may not support a change in venue that would reduce pressure on Pretoria to ...

U.S. Treasury Secretary, Chinese Premier Both Scheduled to Attend Global Financial Conference in Paris

U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang are both scheduled to attend the Summit for a New Global Financial Pact in Paris next week, where debt relief for the world's poorest countries is expected to be high on the agenda.

Lots of Talk, Little Action: Zambia’s Debt Relief Process Remains Stalled Says Finance Minister

Zambia's Finance Minister Situmbeko Musokotwane said it's urgent that the country's international creditors finalize a debt restructuring deal at once, or else a $188 million IMF emergency financial package could be at risk. Musokotwane expressed frustration in an interview with ...

China Boosted Pandemic-Era Debt Relief: Report

China’s role in debt renegotiation processes has become very controversial, with U.S. officials like Treasury Secretary Janet Yellen singling Beijing out as a “barrier” to resolving debt distress. However, a new report by a team of prominent Africa-China researchers argues that China conducted ...

Senior U.S. Diplomat Criticizes China’s Role in Sri Lankan Debt Restructuring

Yet another U.S. government official has added to the war of words between Washington and Beijing on debt restructuring. Ramin Toloui, Assistant Secretary for the Bureau of Economic and Business Affairs at the US Department of State, was asked about China’s ...
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