Workers check on the rails at an inland container depot in Naivasha, Kenya. Photo: Xinhua
Chinese lenders turn off the taps on international energy projects as ‘debt trap diplomacy’ criticisms mount
- Loans from two development banks fell by 71pc last year to US$3.2bn with three projects in Guinea, Nigeria and Turkey the only ones to benefit
- Concern is growing both in China and abroad about the sustainability of its lending practices
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Workers check on the rails at an inland container depot in Naivasha, Kenya. Photo: Xinhua