Chinese lending to African countries jumped tenfold in the last five years

China’s loans to African states have been caught between local realities and debt anxieties. In the five years from 2012 to 2017, Chinese lending to sub Saharan African countries jumped to more than $10 billion a year, up from less than $1 billion in 2001, according to credit analysts at Moody’s.

Over the last two decades, China has pledged billions of dollars to countries in loans, grants, and development financing. Through its Belt and Road initiative, agreements with the African...

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