China Recalibrates Africa Loan Strategy Amid Economic Slowdown
Beijing shifts focus to targeted investments and public-private partnerships, moving away from large-scale state loans.
- Chinese loans to Africa reached a five-year high in 2023 but remain below 2016 levels.
- The emphasis has shifted to lending to local banks and creditworthy countries to mitigate risks.
- China's Belt and Road Initiative continues to fund significant infrastructure projects across Africa.
- African leaders at the Forum on China-Africa Cooperation discuss debt relief and sustainable investments.
- China's new approach aims for higher returns and reduced financial exposure.