Bloomberg: “Wave of Looming Defaults Poses the Biggest Test Ever for China’s Influence in [Africa]”

A new Bloomberg report projects a grim future for Africa’s economic stability as it becomes increasingly apparent that countries who borrowed heavily from China over the past decade are unlikely to be able to repay those loans.

The article by two of the news service’s Africa-based correspondents, Alonso Soto and Matthew Hill, has sparked a lively debate online over whether it was wise for so many African countries to borrow so much from the Chinese.

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by Eric Olander

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