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