Follow CGSP on Social Media

Listen to the CGSP Podcast

China: Africa’s Debt Problems Due to “Dollar Hegemony”

Chinese Foreign Ministry Spokesperson Mao Ning referenced "dollar hegemony" for the first time on Friday in the context of Africa's worsening debt crisis. Image via the Chinese Ministry of Foreign Affairs.

The Chinese Ministry of Foreign Affairs introduced a new talking point aimed at countering accusations by U.S. legislators and other stakeholders that Beijing engages in predatory lending in Africa.

For the first time on Friday, the Ministry referenced “dollar hegemony” as the primary reason for the worsening debt situation in many African countries.

  • 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?

Independent

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

News

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.

Analysis

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

Networking

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