Chinese President Xi Jinping

China’s Xi unveiled a series of initiatives to assist the ‘Global South’ during the G20 summit

Chinese President Xi Jinping unveiled a series of initiatives aimed at bolstering support for the “Global South” during a meeting of G20 leaders in Rio de Janeiro, as reported by China’s state broadcaster CCTV on Monday. In his opening address at the G20 Summit, Xi outlined China’s commitment to global development through eight key actions, which include enhancing the “high quality” Belt and Road Initiative—his … Continue reading China’s Xi unveiled a series of initiatives to assist the ‘Global South’ during the G20 summit

Chinese President Xi Jinping

Xi’s insightful answer to “the question of our times”

BEIJING, (Xinhua) — “What is wrong with this world, what we should do about it?” Chinese President Xi Jinping raised “the question of our times” at the Bali G20 summit, after he first asked the question at the World Economic Forum back in 2017 at Davos, Switzerland. “The world economy is getting more fragile. The geopolitical environment remains tense. Global governance is seriously inadequate. Food … Continue reading Xi’s insightful answer to “the question of our times”

China writes off interest-free loans to African nations, Is this action merely symbolic

China has recently declared another round of write-offs on interest-free loans for over two dozen African nations. However, analysts indicate that this relief only addresses a minor portion of the total debt burden faced by these countries. During the Forum on China-Africa Cooperation (FOCAC) summit held in the Chinese capital last week, Beijing announced the cancellation of intergovernmental interest-free loans owed by 33 African nations, … Continue reading China writes off interest-free loans to African nations, Is this action merely symbolic