African Nations Now Send More Money to China Than They Receive in New Loans

A graphic showing Africa-China trade agreements in line with the BRI and trade zones. Source: EIU
A graphic showing Africa-China trade agreements in line with the BRI and trade zones. Source: EIU

By Colleen Goko

China’s role as a leading financier to developing nations has shifted over the past decade, with new loans to poorer countries falling sharply while debt repayments continue to rise, according to analysis released by ONE Data.

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by Reuters

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