Foreign media: According to a report by the Center for Global Development Policy at Boston University, China's loans to Africa in 2024 fell to $2.1 billion, a 46% decrease from 2023, continuing the downward trend since 2020.
Previously, since 2006, the loan amount had been rising continuously, reaching a peak between 2012 and 2018, with annual loans exceeding $10 billion, and reaching as high as $28.8 billion in 2016.
Now, China is shifting from providing several billion dollars in loans to African governments to smaller, more strategically significant projects in commercially viable areas, such as the technology sector, and is using more RMB instead of USD to avoid risks from fluctuations in the USD exchange rate.
Original article: toutiao.com/article/1855388396334275/
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