It holds 62% of Africa’s bilateral debt which rose from 1% of GDP to over 15% in a decade COMMENT | PAOLA SUBACCHI | The pandemic is confronting highly indebted poor countries with a fateful dilemma. As Ethiopian Prime Minister Abiy Ahmed, a Nobel Peace Prize laureate, lamented last April, …
Read More »COMMENT: Return rationality to China-U.S. relations
COMMENT | Xinhua writer Lu Jiafei | At a critical juncture when the world is wrestling with a once-in-a-century global health crisis and the accompanying economic fallout, the importance of a stable and sound China-U.S. relationship cannot be overstated. When Joe Biden assumes the U.S. presidency later Wednesday, he will …
Read More »11 miners rescued from east China gold mine after 14 days
Jinan, China | XINHUA | Eleven miners were rescued on Sunday after being trapped underground for two weeks due to a blast in a gold mine in east China’s Shandong Province. Rescuers lifted two workers at around 3:18 p.m., bringing the number of rescued workers to 11. People on the …
Read More »China announces sanctions on 28 including Pompeo
Beijing, China | XINHUA | China has decided to sanction 28 persons who have seriously violated China’s sovereignty and who have been mainly responsible for a series of crazy U.S. moves on China-related issues, a foreign ministry spokesperson announced on Thursday. They include Michael R. Pompeo, Peter K. Navarro, Robert …
Read More »World economy in 2021
Here’s who will win and who will lose ANALYSIS | STEVE SCHIFFERES | The coronavirus has crippled the world economy. Global GDP in 2020 suffered its sharpest drop since the end of the Second World War, millions were unemployed or furloughed, and governments pumped trillions of dollars into their economies …
Read More »China’s shaky dance with Uganda
Chinese foreign minister Wang’s visit to Africa is another missed opportunity to seal deals ANALYSIS | THE INDEPENDENT | Chinese Foreign minister Wang Yi has been on a five-nation tour in Africa that started on Jan.04 and took him to Nigeria, the Democratic Republic of the Congo, Botswana, Tanzania and …
Read More »XINHUA: Good riddance, Trump administration and its final madness
COMMENT | XINHUA | The final scene of a preposterous show performed by certain U.S. politicians appears on stage this weekend in Washington, showing that there is no limit on their ignorance and prejudice in containing China’s development. In a new action against China days before the U.S. government transition, …
Read More »Origin-tracing on coronavirus is about scientific answers: WHO
Geneva, Switzerland | Xinhua | The mission of the research team to arrive in China for novel coronavirus origin-tracing is about scientific answers, a senior World Health Organization (WHO) official said on Monday. “Understanding the origins of disease is not about finding somebody to blame, it is about scientific answers,” Michael …
Read More »IMF projects China’s economy to grow by 7.9% this year
Washington, US | XINHUA | China’s economy is projected to expand by 7.9 percent in 2021 following 1.9 percent growth in 2020, as economic activity continues to normalize and domestic COVID-19 outbreaks remain under control, the International Monetary Fund (IMF) said Friday. “The Chinese economy continues its fast recovery …
Read More »Beijing proposes seven-point plan for upgrading China-Africa cooperation
Chato, Tanzania | XINHUA | The 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) has achieved great success and become a new monument to China-Africa friendly cooperation, Chinese State Councilor and Foreign Minister Wang Yi said Friday. Wang made the remarks at a joint press conference here …
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