Chinese loans in Africa: will risky business pay off or buyer’s remorse beat soft power?
Published
Oct 06 2021 at 4:00 AM GMT
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- When President Xi Jinping held a virtual summit in July with French President Emmanuel Macron and outgoing German Chancellor Angela Merkel, he pointed out that Africa was “the continent with the greatest development potential”.Xi proposed that the three countries work together on infrastructure projects in Africa through Beijing’s Belt and Road Initiative, “to create more opportunities for common development”.Observers say Africa still offers opportunities for foreign companies, as the….
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- Published Oct 6, 2021 4:00 AM GMT