Follow CAP on Social Media

Listen to the CAP Podcast

A Groundbreaking New Report Provides Unprecedented Insights Into Chinese Lending Practices Around the World

A new report provides an unprecedented view into Chinese loan contracts with dozens of governments throughout the Global South. Researchers from AidData, the Kiel Institute, and the Center for Global Development analyzed 100 contracts between Chinese state-owned entities and government borrowers in 24 countries and then compared ...

Michael Pettis: China’s Dramatic Curtailment in Overseas Lending Shows That Beijing is Learning the Same Lesson Today That Other Creditors Learned Years Ago

Acclaimed China economist, Peking University professor, and Carnegie Senior Fellow Michael Pettis posted a 7-part Twitter thread on Tuesday where he reflected on the new data published by the China-Africa Research Initiative at Johns Hopkins University that shows a dramatic cutback in Chinese ...

Nigerian Minister Blames “Selfish Lawmakers” for Jeoparidizing Chinese Railway Loans

Nigeria's outspoken Transportation Minister Rotimi Amaechi accused lawmakers in the House of Representatives of being "selfish" for launching a probe into a 2018 Chinese loan agreement. Representatives erroneously thought that the waiver of a sovereign immunity clause in the loan contract ...

Africa Benefitting From China’s Determination to Move Away From Australian Commodity Suppliers

China appears willing to pay higher financial and environmental costs if it means ending its dependence on Australian commodities including iron ore and coal. China has been steadily diversifying its sourcing of key commodities that it once depended on Australia to provide, even if new suppliers in ...

Zimbabwe Takes Delivery of More Than a Million Doses of Chinese-Made Vaccines

Zimbabwe took delivery on Tuesday of a huge shipment of more than a million doses of COVID-19 vaccine that it purchased from China. In making the announcement on Twitter, Chinese ambassador Guo Shaochun acknowledged some of the vaccine production and ...

Analysis from Cobus van Staden

FOCAC’s Powerful Optics Present a Challenge to China’s Rivals

FOCAC is for me what the Winter Olympics is for a curling fan – the one moment every few years when the world briefly shares one’s obsession. So it was interesting (and revealing) how relatively muted the coverage of the triennial meeting has been this time around.

In part, this is due to the fact that FOCAC 8 itself has been slightly smaller than usual. It was held at the ...

Everyone’s Still Trying to Figure Out If The New China-Iran Agreement is a Big Deal or a Whole Lot of Nothing

Conservative commentators and media in the United States all seem to think that China's newly signed 25-year strategic cooperation agreement with Iran is a game-changer and marks the emergence of a new anti-democratic power axis. But pretty much everyone else isn't quite so sure. In fact, a lot ...

The Shifting Landscape of Chinese Financing to Africa

Today we feature a fascinating discussion with Deborah Brautigam and Kevin Gallagher, two of the world’s foremost experts on Chinese lending to the Global South. The conversation provides a glimpse of an emerging landscape: how Chinese influence will shift, and how those shifts will impact the Global ...

China’s Rapidly Evolving Lending Practices in Africa and the Americas

It wasn't that long ago when China lent tens of billions of dollars to developing countries in Africa and the Americas to build vast amounts of badly-needed infrastructure. Now, it appears, those days are over.  ...