Several African countries have sought or received debt relief from China, the continent’s biggest bilateral lender. Photo: AFP Several African countries have sought or received debt relief from China, the continent’s biggest bilateral lender. Photo: AFP
Several African countries have sought or received debt relief from China, the continent’s biggest bilateral lender. Photo: AFP
Africa

China’s Africa loans ‘underestimated risk, like those of US, Japan in past’

  • Quick growth in lending then sharp readjustment follows pattern of others who lent to developing nations, professor in Beijing says
  • Failure to foresee debt distress in African countries blamed on ignorance of the history of such lending

Topic |   Africa
Several African countries have sought or received debt relief from China, the continent’s biggest bilateral lender. Photo: AFP Several African countries have sought or received debt relief from China, the continent’s biggest bilateral lender. Photo: AFP
Several African countries have sought or received debt relief from China, the continent’s biggest bilateral lender. Photo: AFP
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