China turns cautious on lending to Africa amid default crisis fears

China turns cautious on lending to Africa amid default crisis fears

South China Morning Post - China·2020-11-29 07:01

Economic pressures from the pandemic will force China to further curb lending on belt and road projects, analyst says

Beijing will be more prudent but some loans to less-distressed countries will go ahead, observers say

In the past two decades, China has poured billions of dollars into the construction of ports, railways, highways and hydropower dams in Africa.

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