Follow CGSP on Social Media

Listen to the CGSP Podcast

Chinese Lending Poses “Serious Danger” to Poor Countries Warns German Chancellor

Germany's Chancellor Olaf Scholz arrives for the first day of a special meeting of the European Council at The European Council Building in Brussels on May 30, 2022. Kenzo TRIBOUILLARD / AFP

German Chancellor Olaf Scholz became the latest Western leader to warn about the purported systemic risks to the global economy posed by Chinese lending to developing countries. 

Chancellor Scholz addressed the issue at an event in Stuttgart on Friday in response to a comment that Europe had stood by while China built large-scale infrastructure across Africa which had also led to a sizable increase in Beijing’s influence on the continent:

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.