China Confirms It Has a Balloon Floating Somewhere Over Latin America
The China Africa Project
by Cobus van Staden
21h ago
China’s Foreign Ministry has confirmed Pentagon allegations that a second Chinese surveillance balloon is floating over Central and South America. Foreign Ministry Spokesperson Mao Ning said the balloon is non-military and used for flight tests. She said it has limited self-steering capacity and was blown off course, entering South American airspace “by mistake.” The balloon has reportedly passed Colombia and is now hovering over Venezuela. These governments have so far not reacted with the same level of alarm as the United States, where the first ballo ..read more
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China Updates 2022 Africa Trade Figures
The China Africa Project
by Cobus van Staden
21h ago
Chinese customs authorities are slowly releasing new trade data for individual African countries following its January announcement that trade with the continent rose by 14.5% to $276.8 billion. Country data is similarly higher than in 2021. China’s Trade with Key African Countries: SOUTH AFRICA: China’s trade with South Africa climbed by 8.5% to $55.8 billion. $32 billion of this number were exports from South Africa (up 2%). ANGOLA: Trade with Angola reached $26.7 billion, a rise of almost 20%, largely due to high oil prices. WHY IS THIS ..read more
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China’s High-Profile Envoy to the DR Congo to Leave This Week
The China Africa Project
by Cobus van Staden
1d ago
Zhu Jing, China’s outgoing ambassador, is making the rounds of Kinshasa to say goodbye before leaving the country later this week. He is vacating his post as part of a routine rotation. Zhu was a prominent voice for China as the DRC became embroiled in geopolitics-tinged wrangles over strategic battery minerals between China and the United States. Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relations. Full access to the News Feed that provides daily updates on Chinese engagement in Africa ..read more
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Chinese Contractor Completes 105km Railway Upgrade in Namibia
The China Africa Project
by Cobus van Staden
1d ago
China Gezhouba Group Corp (CGGC) finished a 107.5km upgrade of a rail line between the Namibian harbor Walvis Bay and the central logistics hub of Arandis on time, despite materials shortages and COVID-related delays. The upgrade doubles transport speeds on the line. The project is an interesting counterexample to troubled rail deals like in Pakistan (see above) and Kenya in that it’s jointly funded by the Namibian government and the African Development Bank (not Chinese lenders) and CGGC was only assigned part of the upgrade, with the rest go ..read more
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African Ambassadors Tour Xinjiang to See “Happy Life of Local Residents”
The China Africa Project
by Cobus van Staden
1d ago
China’s use of diplomatic junkets to justify its anti-Uyghur measures in Xinjiang to the Global South are ratcheting up again. Ambassadors and other senior diplomats from Senegal, Benin, Mali, Rwanda, Madagascar, Malawi, Uganda, Lesotho and Chad visited the region on Thursday. Judging by Global Times (admittedly a weak measure), China’s framing of the large-scale Uyghur internment as counter-terrorism is finding an audience among these diplomats. It’s a revealing deviation from these countries’ oft-stated unwillingness to ‘choose sides’ in the U.S.-China standoff. Get ..read more
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Germany’s Finance Minister Singles Out China in Debt Relief Appeal for Ghana
The China Africa Project
by Eric Olander
2d ago
German Finance Minister Christian Lindner is the latest high-ranking Western official to pressure China to do more to help relieve the burgeoning debt crisis in a growing number of African countries. “I remind China of its responsibilities as a very important bilateral creditor of Ghana,” Lindner said on Friday during a visit to Ghana, where he met with President Nana Addo Dankwa Akufo-Addo and Finance Minister Ken Ofori-Atta. Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relation ..read more
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How Much Ghana Owes China Depends on Who You Ask
The China Africa Project
by Eric Olander
2d ago
At first glance, Ghana doesn’t owe China that much when measured against its outstanding debts to both multilateral development banks like the IMF and the World Bank and, more importantly, bondholders. $1.7 billion in the context of what other developing countries owe Chinese creditors is actually quite modest. Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relations. Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South ..read more
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China-IMF Impasse in Sri Lanka “Has to be Broken, One Way or Another,” Says Debt Expert
The China Africa Project
by Eric Olander
2d ago
Brad Setser, a senior fellow at the Council on Foreign Relations and a noted sovereign debt expert, wrote a brief analysis of why the China Exim Bank’s offer of a two-year debt moratorium is “insufficient”. (The following transcript has been lightly edited for clarity only) Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relations. Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South. China, Africa and the Global South... find out w ..read more
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China, World Bank Spar Over Who’s to Blame For Delays in Zambia Debt Relief
The China Africa Project
by Cobus van Staden
6d ago
A major philosophical difference is emerging as a hold-up to Zambia’s much-needed debt relief. Foreign Ministry spokesperson Mao Ning recently said the key to easing Zambia’s debt burden “lies in the participation of multilateral financial institutions and commercial creditors in the debt-relief efforts.” In other words, China wants Multilateral Development Banks (MDBs) like the World Bank to accept losses. The MDBs have so far been exempted from ‘haircuts’ in debt restructuring processes. Get a daily email packed with the latest China-Africa news and analysis. Read exclusive in ..read more
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WEEK IN REVIEW: Kremlin Announced Chinese President Xi Jinping Will Visit Moscow
The China Africa Project
by Eric Olander
6d ago
The Kremlin announced Chinese President Xi Jinping will visit Moscow, although the Chinese Foreign Ministry hasn’t confirmed it yet. The visit will partly aim to deny growing distance between the allies on the Ukraine conflict, although it is unlikely to change China’s fundamental position. (SOUTH CHINA MORNING POST) The United States is launching a partnership with India to compete against China on semiconductors, AI and military equipment. The Biden administration also wants to promote Western phone companies in India, to counter the influence of Chinese telecoms like Huawei ..read more
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