Chinese and local workers at a railway project in Kenya. Photo: Xinhua
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

Topic |   China-Africa relations
Chinese and local workers at a railway project in Kenya. Photo: Xinhua
Chinese and local workers at a railway project in Kenya. Photo: Xinhua
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