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Welcome to the New Era of China-Africa Relations

China’s apparent decision to bail on financing the $2.8 billion AKK pipeline in Nigeria is the latest evidence that Beijing’s strategy to engage the continent has changed, a lot. This pipeline is now the third major project in Nigeria this year that Chinese financiers have walked away from. And it’s happening elsewhere too. In Zimbabwe, China’s largest bank, ICBC, ditched the $3 billion Sengwa coal-fired power plant.

This is a trend that’s been underway for quite some time as Chinese infrastructure financing plunged last year from $11 billion to just $3.3 billion.

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What is The China-Global South Project?

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

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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.

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

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

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