China Africa lending Archives - The China-Global South Project

China’s Africa Lending Nearly Halved in 2024, Shifts to Yuan

By Colleen Goko Chinese lending to Africa nearly halved to $2.1 billion in 2024, the first annual decline since the COVID-19 pandemic, as the country shifts to selective, strategic projects, according to data released on Wednesday by Boston University. ...

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China’s Africa Lending Nearly Halved in 2024, Shifts to Yuan