Tag: United States
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Sri Lankan President Upbeat About Debt Deal Amid Geopolitical Pressure
Sri Lankan President Ranil Wickremesinghe confirmed that Sri Lanka plans to announce a plan to deal with its domestic debt this week, in line with IMF benchmarks. In an interview with France24, he dismissed fears that China is delaying the process, after Chinese creditors didn’t join official debt talks in April. ...
Connecting the Dots: How China is Reshaping the Middle East Energy Economy and How the ME is Responding
The CEO of the massive state oil company Saudi Aramco told an industry gathering this week that large oil buys from China and India are keeping oil fundamentals “sound” for the remainder of 2023, despite price pressures among traditional clients. This comes ...
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 ...
U.S. Insists Modi’s Visit Wasn’t About China… Except That It Was
The United States rejected suggestions that Indian Prime Minister Narendra Modi's three day visit to the United States last week was about leveraging New Delhi in Washington's rivalry against China. Although China was on the agenda in talks between Modi and ...
Chinese Maritime Incursions Prompt Palau President to Call on U.S. for Assistance
Recent breaches of Palau's exclusive economic zone (EEZ) prompted President Surangel Whipps, Jr. to call on the United States to increase the frequency of navy patrols near the small Pacific Island Country's maritime borders. There's been no comment from the Pentagon ...
Map of the Day: Why China’s Economic Clout in the Indian Ocean Will Be Hard to Beat
The Indian Ocean region is home to some of the world’s most important trade routes. It is also rife with choke points and conflict zones that put the region at the center of global geopolitical competition between China, the U.S. and other powers like India.
A Conversation With Judd Devermont, One of the Chief Architects of U.S. Foreign Policy in Africa
Since the end of the Cold War in the early 90s, Africa has largely been an afterthought in Washington where it was never regarded as a top-tier priority. That changed last year when the Biden ...
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 ...
White House Pressed to Explain Muddled Response to Report About Chinese Spy Base in Cuba
The White House is defending its seemingly contradictory response to last week's Wall Street Journal report that claimed China is building a new base in Cuba to spy on the United States. When the report first came out, National Security Council Spokesperson ...
Q&A: What is Mahmoud Abbas Trying to Achieve in Beijing?
We asked Jony Essa, The China-Global South Project’s Mideast editor, to unpack the significance of Palestinian President Mahmoud Abbas’s visit to China: What message is this visit sending? Abbas is sending a message to the ...
China Plans Supply Chain Expo As ‘Derisking’ Scambles Firms’ Investment, Manufacturing Plans
China will hold a supply chain-focused expo in November, aimed at protecting its unique status as the world’s workshop. The China International Supply Chain Expo will feature more than 300 international exhibitors, including companies from the United States. The five-day event
Proposed New York Law Could Reshape Debt Negotiations Around the World
A bill currently under consideration in New York State could reshape sovereign debt renegotiations around the world by making private creditors accept the same losses as the U.S. government would as a sovereign creditor instead of holding out for a full payback.