Chinese and local workers at a railway project in Kenya. Photo: Xinhua
China in Africa: no more hard cash as debt-hit nations battle Covid-19 disruptions
- Latest China-Africa forum indicates big, direct cash flows from Beijing are a thing of the past, with ‘innovative financing’ models now in focus
- Criticism over infrastructure debt and the need to cut defaults, as President Xi Jinping consolidates control at home, may be factors at play, observers say
Chinese and local workers at a railway project in Kenya. Photo: Xinhua