Analysts suggest that economic slowdown in China has made Beijing increasingly reluctant to provide substantial financial support, leading to more selective investments and targeted lending.
Chinese loans to African nations soared to a five-year high in 2023, although they remain significantly below the nearly $30 billion total seen in 2016.
The focus of Chinese loans has shifted toward smaller amounts and more creditworthy countries, reflecting a growing caution among lenders looking to minimize risks.
The ongoing Forum on China-Africa Cooperation serves as a major platform for new loans, but many of these loans have now become burdens for African nations.
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