While much of the Western developed world was glued to the mutiny in Russia over the weekend, much of the developing world contemplated a debt crisis that has both governments and individual families struggling to pay their...
Votes are currently being tallied for Tuesday’s presidential election in Kenya, in which relations with China comprised a major campaign theme. The two main candidates, former deputy president William Ruto and former prime...
Last week, the Zambian government announced that its creditors—a coalition of French and Chinese lenders that includes China Exim Bank—would cancel $2 billion of the country’s $17 billion external debt. The landmark debt...
A series of recent reports from think tanks in Europe, Taiwan, and the U.S. have highlighted the extent of China’s influence in other countries. Using a variety of metrics and case studies, the reports map malign influence,...
While China’s increasing foreign investments in nations in Latin America, Africa, and the...
The New York Times reports on the Forum on African-China Cooperation currently underway in Egypt: Prime Minister Wen Jiabao pledged to grant African countries $10 billion in low-interest development loans over the next three...
The Mercury News reports on Hu Jintao’s visit to Africa, his second in nine months: Hu’s first stop is Cameroon, then he heads to Liberia, Sudan, Zambia, Namibia, South Africa, Mozambique and the Seychelles before returning to China 12 days later. Driven by its resource-hungry economy and seeking greater global clout, China is courting African […]
From SanDiego.com: China will lend African nations $3 billion in preferential credit over three years and double aid and interest-free loans over the same time, Beijing said on Monday ahead of President Hu Jintao’s tour to woo the continent. The announcement by China’s Ministry of Commerce stressed the offer came with none of the strictures […]
From Financial Times: Paul Wolfowitz, the president of the World Bank, has sharply criticised China and its banks for ignoring human rights and environmental standards when lending to developing countries in Africa. Mr Wolfowitz said big Chinese banks ignored the so-called “Equator Principles”, a voluntary code of conduct pledging that projects financed by private bank […]
Click on the image to download Firefly for circumvention
CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.
