Asia Features Headlines International

China’s FM on ‘charm offensive’ in Africa amid changing geopolitical realities

China’s top diplomat has embarked on his traditional New Year tour of Africa that will take him to Namibia, the Republic of Congo, Chad, and Nigeria, aiming to further advance Beijing’s already sizable influence across the resource-rich continent amid dwindling Western influence. The week-long tour by China’s foreign minister Wang Yi marks 35 consecutive years […]

Asia Emerging Markets Headlines International Morocco

Prospects for developing Morocco-China economic, commercial exchanges reviewed in Beijing

The prospects for developing economic and commercial exchanges between Morocco and China were reviewed by the two countries’ Foreign Ministers at a meeting held Wednesday in Beijing. Visiting Foreign Minister Nasser Bourita and his Chinese peer Wang Yi, focused in their talks on the opportunities offered by Morocco’s global trade, through the encouragement of Chinese […]

Asia Business Emerging Markets Headlines International

China’s FM on Africa charm offensive tour calls for Gaza ceasefire

China’s Foreign Minister Wang Yi has kicked off his inaugural trip of 2024 that takes him to four countries around Africa, focusing on diplomacy, economics, and security issues on the continent. During his first stop in Cairo, the top Chinese diplomat called for a ceasefire in Gaza and the start of the implementation of the […]

Business Finance

Nothing’s free: skepticism grows over China’s debt forgiveness

Skeptics say that despite China’s agreement to forgive interest-free loans to 17 African countries as it seeks to dispel debt-trap allegations, the days of Beijing writing off interest-bearing loans are over. The world’s poorest countries — many of them in Africa — are facing $35bn in debt-service payments in 2022, out of which around 40% […]

Business Finance

China pledges to waive some Africa loans to defy debt-trap diplomacy claims

China has announced plans to waive 23 interest-free loans to 17 African countries that were due in 2021 amid a growing rivalry with the West and accusations that it is creating “debt traps” on the continent. The relief was announced on 18 August in an address to Chinese and African diplomats at a follow-up meeting […]

Asia Business Headlines International Morocco

Morocco, China Take Action to Step up Strategic Partnership

Morocco and China convened to bolster their strategic partnership through lending support to the “Belt and Road Initiative”. The announcement was made in Beijing during a meeting between visiting Moroccan Foreign Minister Nasser Bourita and State Councilor Yang Jiechi. During their talks, Yang, a member of the Political Bureau of the Central Committee of the […]

Business Emerging Markets Features

South Sudan: We are not Western Colonialists, FM Wang Yi

China’s Foreign Minster Wang Yi has stressed that his country is not on a colonially exploiting Africa like Western colonists as he defended the policies of Beijing. The Minister is on a tour to five central African countries namely Cameroon, Equatorial Guinea, Sudan and the Democratic Republic of Congo. Beijing has often been accused of […]