FEATURE: China replaces African loans with energy investments amid faltering economy
October 12, 2023 Comments Off
China has swapped cheap African loans with energy investments in a bid to bolster its influence and secure future oil and gas supply, as its domestic economic slowdown brings the era of Beijing’s largesse on the continent to an end, data from S&P Global Commodity Insights shows. For decades, Beijing flooded Africa with loans and grants, funding an infrastructure-building spree…
FEATURE: China replaces African loans with energy investments amid faltering economy
China has swapped cheap African loans with energy investments in a bid to bolster its influence and secure future oil and gas supply, as its domestic economic slowdown brings the era of Beijing’s largesse on the continent to an end, data from S&P Global Commodity Insights shows. For decades, Beijing flooded Africa with loans and grants, funding an infrastructure-building spree…
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