Tag: African borrowing
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China’s Africa Lending Drops 46% as Strategic Reset Takes Hold
Chinese lending to Africa fell to $2.1 billion in 2024, marking a 46% decline from the previous year and the first annual drop since the COVID-19 pandemic, according to Boston University's updated Chinese Loans to Africa Database. The downturn signals Beijing's ...
A child shakes hands with a robot during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 28, 2025. (Photo by Hector RETAMAL / AFP)
By Laurie Chen China's scramble to adopt artificial intelligence will spawn new jobs and propel the world's second-largest economy, say policymakers and company executives, as they play down growing global fears that the technology could stunt employment. Plans unveiled ...
China’s Africa Lending Drops 46% as Strategic Reset Takes Hold
Chinese lending to Africa fell to $2.1 billion in 2024, marking a 46% decline from the previous year and the first annual drop since the COVID-19 pandemic, according to Boston University's updated Chinese Loans to Africa Database. The downturn signals Beijing's ...