China's lending to Africa increased in 2023, study shows
Voice of America
FILE - China's President Xi Jinping is pictured on a big screen during an evening news program showing Xi's keynote speech at the opening ceremony of the 8th Forum on China-Africa Cooperation at a mall in Beijing, Nov. 30, 2021. FILE - Nigeria's new standard gauge shuttling between the economic hub of Lagos and Ibadan, the regional capital of southwest Nigeria at the Ebute-Metta Lagos Station, March 16, 2021. The new standard rail line was built by the China Civil Engineering Construction Corporation.
Chinese lending to Africa rose for the first time in years in 2023, new research by Boston University’s Global Development Policy Center showed Thursday. But the $4.61 billion loaned last year is still far less than China’s commitments to the continent pre-pandemic.
