‘Blind dumping over’: Chinese lenders in Africa focus on stronger economies

Mar 30, 2021 | INVESTING

China’s lending to Africa dropped by nearly 30 per cent in 2019 after Chinese financiers stopped “blindly dumping” loans into African countries with debt distress, a new study shows.The study conducted by the China-Africa Research Initiative (CARI) at Johns Hopkins University found that China’s loans to the continent amounted to US$7 billion in 2019, down from US$9.9 billion a year earlier.China cut lending to historically large borrowers that had negotiated debt relief with China, such as…

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