Current:Home > StocksChina welcomes Cambodian and Zambian leaders as it forges deeper ties with Global South -TrueNorth Finance Path
China welcomes Cambodian and Zambian leaders as it forges deeper ties with Global South
TradeEdge Exchange View
Date:2025-04-08 19:41:34
BEIJING (AP) — The leaders of China and Zambia announced an upgrading of their ties to a comprehensive strategic cooperative partnership on Friday, as the world’s second-largest economy forges deeper ties with the Global South.
Chinese President Xi Jinping also met new Cambodian Prime Minister Hun Manet earlier the same day, and with Venezuelan President Nicolás Maduro earlier this week.
The trio of leaders from Africa, Southeast Asia and Latin America speak to China’s growing role in those parts of the world. Chinese state banks have financed roads and other infrastructure projects and Chinese companies have built factories, mines, hotels and casinos.
China has in turn won diplomatic support from many Global South countries on contentious debates and votes at the U.N. and from Cambodia in China’s territorial disputes with other Southeast Asian nations in the South China Sea.
Its outreach to the Global South has taken on greater geopolitical import as China seeks allies to push back against growing pressure from the United States and its partners on multiple fronts.
Chinese state broadcaster CCTV reported online that Xi and Zambian President Hakainde Hichilema announced the upgraded partnership at a meeting at the Great Hall of the People, a monumental building on one side of Beijing’s Tiananmen Square.
That came two days after China announced it had upgraded diplomatic ties with Venezuela to an “all weather” partnership — a status China has granted to only a handful of countries — after the Xi-Maduro meeting.
Development loans from China and others have saddled some countries, including Zambia, with unsustainable debt levels, sparking debt crises that stymie economic development. More than 40% of Cambodia’s $10 billion in foreign debt is owed to Chinese institutions.
Hun Manet made China his first official foreign visit after succeeding his father, Hun Sen, who ruled Cambodia for 40 years.
The U.S. had shown disapproval of Hun Sen’s undemocratic moves and is uneasy over the expansion of a Cambodian naval facility with Chinese assistance. Hun Sen consistently denied that Cambodia had granted China the right to set up its own military base at Ream Naval Base.
After his meetings in Beijing, Hun Manet plans to join other Southeast Asian leaders this weekend in southern China at the 20th ASEAN-China Expo, which promotes cooperation in trade, investment and tourism.
veryGood! (65)
Related
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Small biz owners are both hopeful and anxious about the holidays, taking a cue from their customers
- Kyle Richards Reveals Holidays Plans Amid Mauricio Umansky Separation
- Afghan farmers lose income of more than $1 billion after the Taliban banned poppy cultivation
- The White House is cracking down on overdraft fees
- Moroccan archaeologists unearth new ruins at Chellah, a tourism-friendly ancient port near Rabat
- Connor Stalions, Michigan football staffer at center of sign-stealing scandal, resigns
- Turkey’s main opposition party elects Ozgur Ozel as new leader
- The Best Stocking Stuffers Under $25
- Tom Sandoval Reveals the Real Reason He Doesn't Have His Infamous Lightning Bolt Necklace
Ranking
- Don't let hackers fool you with a 'scam
- Skeleton marching bands and dancers in butterfly skirts join in Mexico City’s Day of the Dead parade
- Singapore’s prime minister plans to step down and hand over to his deputy before the 2025 election
- Indiana police investigate shooting that left 3 people dead
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Putin revokes Russia's ratification of nuclear test ban treaty
- Minneapolis police investigating another fire at a mosque
- Russia opens a vast national exposition as presidential election approaches
Recommendation
Travis Hunter, the 2
Anthropologie Is Offering an Extra 40% Off Their Sale Section Right Now and We Can’t Get Enough Of It
Russia opens a vast national exposition as presidential election approaches
Joro spiders are an invasive species known for parachuting through the air. Here's why you shouldn't fear them.
US appeals court rejects Nasdaq’s diversity rules for company boards
Supporters celebrate opening of Gay Games in Hong Kong, first in Asia, despite lawmakers’ opposition
Claim of NASCAR bias against white men isn't just buffoonery. It's downright dangerous.
US officials, lawmakers express support for extension of Africa trade program