Via The Diplomat, a report on Sri Lanka’s economic crisis: Sri Lanka is currently facing its worst economic crisis since the country gained independence in 1948. In spite of constant assurances by the governor of the Central Bank of Sri Lanka (CBSL), international rating agencies as well as economists have sounded the alarm about Sri […]
Read more »Via Quartz Africa, a look at the realities behind China’s debt financing of African infrastructure: Late last year, local and international media reported that Uganda’s Entebbe International Airport was at risk of being taken over by China upon default on a loan for the upgrade and expansion of the airport. The controversial news was even turned into a skit by […]
Read more »Courtesy of The Diplomat, a report on China’s investments in Panama: Since the 2013, China has made major infrastructure investments worldwide as part of President Xi Jinping’s signature Belt and Road Initiative (BRI). One significant recipient of Chinese investment has been Panama, which under former President Juan Carlos Varela switched diplomatic recognition from Taiwan to […]
Read more »Via Bloomberg, an article on how China beat the U.S. in South America: In the hinterland of Argentina, Mario Pizarro’s office looks like a shrine to China. There’s the framed photo of a Chinese peasant with Pizarro’s face superimposed beneath the conical farmer hat. There’s the blue-robed smiling Buddha statue. And there’s the model wind […]
Read more »Via Quartz, an article on China’s investment in Africa: China, in addition to being Africa’s biggest trading partner, is building the future of the continent’s urban landscapes almost single-handedly. And in spite of rhetoric from US president Joe Biden and other leaders from wealthy countries on the urgent need to improve infrastructure on the continent, investment from those countries and […]
Read more »Via South China Morning Post, an article on Iraq’s role in China’s BRI: Iraq was the top target for China’s Belt and Road Initiative in 2021, receiving US$10.5 billion in financing for infrastructure projects including a heavy oil power plant, a study published on Wednesday said. In total, China’s engagement through investments and contractual cooperation across the […]
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