China pushes smaller, smarter loans to Africa to shield from risks

China pushes smaller, smarter loans to Africa to shield from risks

China pushes smaller, smarter loans to Africa to shield from risks …C0NTINUE READING HERE >>>

As African leaders gathered this week for Beijing’s biggest summit since the pandemic, President Xi Jinping committed more than $50 billion in financing over the next three years.
Photo: GREG BAKER / AFP
Source: AFP

China’s years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as it grapples with a slowing economy at home.

Beijing for years dished out…

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