Tag: Wang Wenbin
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The White House’s Confusing Response to Report That China Uses Cuba to Spy on U.S.
U.S. National Security Council Spokesperson John Kirby was adamant last Thursday when he refuted as "inaccurate" a Wall Street Journal report that China was planning to build a new spy base in Cuba. A few days later, though, the White House ...
China Angry With Japan Over G7 Joint Statement, Labels Accusations as “Hype”
The Chinese government lodged a formal complaint to Japan over the wording of the G7 communiqué published over the weekend. Foreign Ministry Spokesperson Wang Wenbin said on Saturday that China felt it had been "attacked" and that a number of points ...
China Observes But Doesn’t Participate in Sri Lanka’s Inaugural Debt Meeting
Sri Lanka's major bilateral creditors convened their first meeting on Tuesday, but the country's largest bilateral lender, China, was in the room but only as an observer. “If China decides to participate, we would welcome it,” Masato Kanda, Japan’s vice minister ...
The Philippines Walks a Tricky Line Between the Superpowers
China has rejected a joint call by the Philippines and the United States to scale back its presence in the South China Sea. This follows Tuesday’s 2+2 talks between U.S. Secretary of State Antony Blinken, U.S. Secretary of Defense Lloyd Austin, Philippine Secretary of ...
Debt Standoff At IMF, World Bank Spring Meetings
Finance ministers from around the world have descended on Washington DC for the World Bank and International Monetary Fund’s Spring Meetings. The Chinese government has confirmed that a top-level Chinese delegation will attend in person -- the first time since the COVID pandemic.
China Hints It May Not Back U.S. Nominee to Lead World Bank
Ajay Banga's candidacy to become the next president of the World Bank encountered turbulence when the Chinese government hinted that it would oppose his nomination. Banga spent the day in the Chinese capital on Wednesday, meeting with Finance Minister Liu Kun, ...
China Pushes Back at Outgoing World Bank President’s Criticism That Beijing Isn’t Doing Enough on Debt Relief
The Chinese government clapped back on Wednesday against renewed criticisms from outgoing World Bank President David Malpass that Beijing isn't moving fast enough to restructure debts in many of the world's poorest countries. Earlier this week, at a speech in New ...
Honduran President Fulfills Campaign Pledge to Dump Taiwan and Establish Diplomatic Ties With China
Taiwan suffered a major diplomatic setback on Wednesday when Honduras became the latest country to abandon ties with the island in favor of relations with China. President Xiomara Castro announced on her Twitter page that she will make good on the promise ...
Chinese Government Warns AUKUS Submarine Deal Will Trigger a New Arms Race in Asia-Pacific
The Chinese government warned that the deployment of nuclear-powered attack submarines to Australia would provoke a dangerous new arms race and undermine the increasingly fragile stability in the Asia-Pacific region. Chinese Foreign Ministry Spokesperson Wang Wenbin issued a blunt response when ...
Sri Lanka President to Meet With Chinese Finance Minister in Bid to Unblock Debt Relief
Sri Lankan President Ranil Wickremesinghe will meet with Chinese Finance Minister Liu Kun on Friday for what's been described as "a last-ditch effort" to get Beijing to align with Colombo's other creditors for desperately-needed debt relief. The two will ...
China Unphased by Report IMF May Circumvent Beijing on Sri Lanka Debt Relief
Sri Lankan debt restructuring seems to be hitting a stalemate, judging by Monday’s Foreign Ministry press briefing. Asked about a recent Bloomberg report that the IMF is considering circumventing Chinese approval in providing a relief deal to the bankrupt country, spokesperson Wang Wenbing basically restated China’s current position.
China Sticking to Its Position That Multilateral Banks and Bondholders Must Also Take Losses on Sri Lankan Debt
The Chinese government re-stated on Wednesday that it will not move forward with the Sri Lankan debt restructuring process unless both commercial creditors and multilateral development banks also agree to accept losses on their loans. Ministry officials told Reuters that Spokesperson ...