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China is Pushing For a Major Change in Global South Debt Restructuring

The Chinese government provided its first official confirmation that it will provide Sri Lanka with a two-year debt repayment moratorium on $2.83 billion of loans owed to The China Exim Bank. Foreign Ministry spokesperson Mao Ning's statement on Friday was intended, in part, ...
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Top State Department Official Says China’s Debt Relief Offer to Sri Lanka is “Not Enough”

Another senior U.S. diplomat has accused China of not doing enough to resolve Sri Lanka’s debt renegotiation, a sign that the island’s financial crisis is increasingly being framed geopolitically. U.S. Under Secretary of State for Political Affairs, Victoria Nuland said: "What China has offered ...

State Department Sends Top Official to Asia and the Middle East to Bolster Ties Amid Rising Competition With China

Victoria Nuland, the State Department's under secretary for political affairs and one of Washington's most senior diplomats, arrived in the Nepalese capital of Kathmandu on Sunday -- the first stop on a three-nation, week-long tour that also includes Sri Lanka and Qatar. Unlike ...

U.S. Increasing Pressure on African Countries to Choose Sides on Ukraine

The United States and its allies are increasing pressure on African countries to choose sides in the conflict in Ukraine. U.S. officials are engaging with African journalists in order to sway public discussion about the conflict, while diplomatic pressure continues behind the scenes, notably during Secretary of ...
China’s Fuel Export Ban to Further Tighten Asia Supply
Oil storage tanks at Tsing Yi port in Hong Kong on March 17, 2026. (Photo by Peter PARKS / AFP)
China's ban on exports of diesel, gasoline and jet fuel is poised to exacerbate fuel shortages and further boost prices for Asian industry and transportation buyers already grappling with tightening supplies caused by the U.S.-Israeli war against Iran. Even before the ban, ...

China is Pushing For a Major Change in Global South Debt Restructuring

The Chinese government provided its first official confirmation that it will provide Sri Lanka with a two-year debt repayment moratorium on $2.83 billion of loans owed to The China Exim Bank. Foreign Ministry spokesperson Mao Ning's statement on Friday was intended, in part, ...

Top State Department Official Says China’s Debt Relief Offer to Sri Lanka is “Not Enough”

Another senior U.S. diplomat has accused China of not doing enough to resolve Sri Lanka’s debt renegotiation, a sign that the island’s financial crisis is increasingly being framed geopolitically. U.S. Under Secretary of State for Political Affairs, Victoria Nuland said: "What China has offered ...

State Department Sends Top Official to Asia and the Middle East to Bolster Ties Amid Rising Competition With China

Victoria Nuland, the State Department's under secretary for political affairs and one of Washington's most senior diplomats, arrived in the Nepalese capital of Kathmandu on Sunday -- the first stop on a three-nation, week-long tour that also includes Sri Lanka and Qatar. Unlike ...

U.S. Increasing Pressure on African Countries to Choose Sides on Ukraine

The United States and its allies are increasing pressure on African countries to choose sides in the conflict in Ukraine. U.S. officials are engaging with African journalists in order to sway public discussion about the conflict, while diplomatic pressure continues behind the scenes, notably during Secretary of ...
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