Chinese Lending to Africa Plunges to 20-Year Low

Chinese lending to African countries plunged to below a billion dollars in 2022, the lowest level in two decades, according to new data from the Global Development Policy Center at Boston University. The findings confirm that the era of Beijing financing large-scale infrastructure projects on the continent is now officially over. Instead, Chinese creditors are focusing on smaller, more sustainable initiatives in green energy and telecommunications, among others. But this new, austere engagement strategy is going to fundamentally change China's relationship with the continent that, in many ways, was buttressed by once-generous loans. Oyintarelado (Tarela) Moses, data analyst/database manager at the BU Global Development Policy Center, joins Eric & Cobus to discuss the new lending figures and explain what's behind the downturn. JOIN THE DISCUSSION: X: @ChinaGSProject| @stadenesque | @eric_olander | @tarelamoses LinkedIn: https://www.linkedin.com/in/oyintarelado-tarela-moses-05998968/ Facebook: www.facebook.com/ChinaAfricaProject YouTube: www.youtube.com/@ChinaGlobalSouth FOLLOW CAP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine عربي: www.akhbaralsin-africia.com | @AkhbarAlSinAfr JOIN US ON PATREON! Become a CAP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CAP Podcast mug! www.patreon.com/chinaglobalsouth See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.