Africa
China May Have Created Trap for Itself With African Lending
- China accounts for 12% of Africa’s $696 billion external debt
- Much of African continent is seen heading toward debt distress
Lusaka, Zambia.
Photographer: Zinyange Auntony/BloombergThis article is for subscribers only.
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Huge Chinese lending to Africa has created a dilemma where China will struggle to recoup its money while maintaining its image as a friend to developing nations, researchers at Chatham House said.