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New Report Highlights China’s Indispensable Role in Building African Infrastructure

African infrastructure financing is in freefall, plummeting from $100 billion annually in 2014 to just $31 billion last year, according to a new report published by the global law firm Baker McKenzie. It appears that both bilateral and ...

As Nigeria’s Debt Steadily Grows, China’s Share Shrinks — Yet Somehow Lots of People Still Worried About “Debt Traps”

Nigeria's Debt Management Office (DMO) announced late last week that the country's external debts will increase to $83 billion due to $2.5 billion of new loans provided by the World Bank and the Export-Import Bank of Brazil to help mitigate the effects of the ongoing ...

While Ghana’s Governing Elites Call For Deeper Economic Engagement With China, Civil Society Groups Fume

The yawning gap between China's successful courtship of ruling elites in Africa and Beijing's difficulties in soothing concerns about debt, environmental sustainability, trade, immigration, and other contentious issues among civil society stakeholders has been on full display in Ghana over the past several weeks. ...

Production Constraints Limit Chinese Vaccine Exports Abroad Ahead of Critical Decision From the WHO

Chinese pharmaceutical companies are struggling to keep pace with surging demand at home and abroad for COVID-19 vaccines. “The problem is that it currently does not have enough production capacity to satisfy both domestic and international demand, which makes its vaccine diplomacy unsustainable at least in the ...

Kenyan Regulators Approve a Chinese Herbal Treatment Linked to COVID-19 Even Before They Fully Tested It

Kenya'snational drug regulator, the Pharmacy and Poisons Board (PPB), granted certification to a Chinese herbal product that it hasn't fully tested and that the company insinuates, without proof, can be used to help protect against COVID-19. “We have gotten feedback from people ...

Analysis from Cobus van Staden

Commodity Supercycle Blues

The editorial board of Financial Times published an op-ed yesterday announcing a new commodities supercycle. They argued that the global pivot towards climate-friendlier technologies like electric vehicles is pushing demand for metals like cobalt, lithium and palladium (used in catalytic converters.) In addition, the Biden administration’s new commitments to building infrastructure at home (and possibly abroad) will further boost demand for steel, with iron ore futures hitting record prices in Singapore this week.Where FT ...

U.S. General Predicts China Will Deploy More Military Forces to Protect Its Interests in Africa and the Americas

Chinese engagement in Africa is becoming an increasingly popular topic of conversation on Capitol Hill among U.S. lawmakers who, raised the issue again last week during testimony by Lieutenant General Scott Berrier, head of the Defense Intelligence Agency. During a Q&A session with Republican Senator Jim Inhofe, General ...

The Man Who Came Up With the Now-Debunked Chinese “Debt Trap” Theory Still Trying to Convince Official Washington that It’s a Thing

Commentator and author Brahama Chellaney is determined to keep his Chinese "debt trap" theory alive regardless of whether or not there's any credible evidence to support his assertion. Chellaney first introduced the idea in ...