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With or Without Debt Relief, Most Chinese Contractors in Africa Still Benefit

by Eric Olander

China has come under intense criticism from stakeholders in Africa, the U.S. and Europe for its refusal to enact an across-the-board debt relief plan for African borrowers. Instead, Beijing has opted to negotiate bilaterally and reach debt settlement agreements separately.

Marketwatch Fixed Income Reporter Sunny Oh (@SunnyOhHK) discussed the implications of this approach with Renaissance Capital’s Global Chief Economist Charlie Robertson (@rencapman) in a fascinating exchange on Twitter.

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