Chinese Foreign Minister Visits Ethiopia in Support of Abiy
China's Foreign Minister Wang Yi is visiting Ethiopia this week in a show of his nation's support for Prime Minister Abiy Ahmed's government amid a yearlong civil war with rebels from the northern Tigray region.
Wang's visit comes as Abiy faces mounting pressure from Western governments over the conflict that's caused a humanitarian crisis with thousands of people dead and more than 1 million in need of food aid. The atrocities, blamed on both the government and the rebels, prompted U.S. President Joe Biden to threaten sanctions in September.
Coming to Addis Ababa, the capital, “demonstrates China's confidence in Ethiopia,” Wang said in remarks tweeted by the Ethiopian foreign ministry following a joint briefing with the Horn of Africa nation's Deputy Prime Minister Demeke Mekonnen.
Abiy ordered a military incursion into Tigray last November after accusing forces loyal to the dissident Tigray People's Liberation Front of raiding an army base to steal weapons. The fighting, with no end in sight, has battered investor confidence in what was one of the world's fastest-growing economies and triggered a sell-off in the nation's bonds.
Ethiopia has longstanding relations with the U.S., its significant donor, as well as China, the nation's biggest bilateral lender. But Wang's visit brings to the fore a stark contrast of how the powers are responding to Ethiopia's worst crisis in decades.
The U.S. last month suspended duty-free access to its exports after it said Ethiopia wasn't in compliance with the eligibility requirements of the African Growth and Opportunity Act because of gross human-rights violations. Ethiopia accused its critics of not calling out the rebels over atrocities, and has expelled some diplomats for allegedly interfering in its affairs.
“China stands against any interference in Ethiopia's domestic affairs,” Wang said in the tweeted remarks.
Abiy said he's leading the fight against the rebels from the battlefront, and his administration on Tuesday and Wednesday announced making headway. That comes weeks after the TPLF gained control of key towns, raising fears that they could sever trade routes or even stage a strike against the capital.
“The enemy is on its backfoot following the decision of Prime Minister Abiy Ahmed to join the battlefronts,” Demeke said in a statement on the Foreign Ministry's Facebook page following his meeting with China's top diplomat.
Wang's “visit during Ethiopia's challenging time shows solidarity and reflects the true depth and strength of the political trust and strategic partnership between the two countries,” Demeke said.
| Read more: |
|---|
©2021 Bloomberg L.P.
-
Unhedged Position | Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
