𝗕𝗿𝗶𝗲𝗳𝗶𝗻𝗴 𝗯𝘆 𝗥𝘂𝘀𝘀𝗶𝗮𝗻 𝗙𝗲𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗠𝗶𝗻𝗶𝘀𝘁𝗿𝘆 𝗦𝗽𝗼𝗸𝗲𝘀𝘄𝗼𝗺𝗮𝗻 𝗠𝗮𝗿𝗶𝗮 𝗭𝗮𝗸𝗵𝗮𝗿𝗼𝘃𝗮 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧: Two of the BRICS member states were invited to the G7 summit as guests. What does in mean for our interests? Does it mean that the West is beginning to … Continue reading China’s Belt & Road Initiative, the BRICS New Development Bank, and the failure of the G7 to deliver

A joint study by Columbia University (in US) and Oxford University (in UK) refutes claims of Chinese “debt-trap diplomacy” in Africa, and highlights that debt owed to European bondholders is a bigger contributor to debt. In fact: Chinese entities account for only 8% (US$78 billion) of sub-Saharan Africa’s government debt (US$954 billion) and 18% of total external debt, of which ⅓ was owed to bilateral official partners, ⅓ to international financial institutions, and ⅓ in Eurobonds. The study – by Harry Verhoeven from the Centre on Global Energy Policy at Columbia University, and Nicolas Lippolis from the Department of Politics … Continue reading Chinese debt traps in Africa? No, most African debt owed to Western bondholders: says new research

“Since the beginning of the 2018 US-China trade war, Western countries have sought to decouple from China in terms of economic, technological, and people-to-people exchanges. According to Cheng Yawen, the recent Russian-Ukrainian conflict marks the end of the US-led globalization wave. Facing the possibility of full decoupling by the West in the future, China urgently needs to make a new choice in its diplomatic and strategic priorities to downgrade the importance of Europe and the US and to promote a new international system based on South-South cooperation.” Chinese Voices The following article by Professor Cheng Yawen from the School of … Continue reading Building the “New Three Rings”: China’s choice in the face of possible complete decoupling