China Reverses Course in Africa: From Top Lender to Net Debt Collector as Capital Flows Swing by USD 52 Billion
Jakarta – China’s role as Africa’s leading development financier has undergone a dramatic reversal over the past decade. Once the continent’s largest source of bilateral lending, Beijing has increasingly shifted into the position of a net debt collector, with capital flows swinging by an estimated USD 52 billion. According to The Great Reversal, a report…
