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International Business Times
International Business Times
World
Matthew WALSH

China Pushes Smaller, Smarter Loans To Africa To Shield From Risks

As African leaders gathered this week for Beijing's biggest summit since the pandemic, President Xi Jinping committed more than $50 billion in financing over the next three years (Credit: AFP)

China's years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as it grapples with a slowing economy at home.

Beijing for years dished out billions in loans for trains, roads and bridges in Africa that saddled participating governments with debts they often struggled to pay back.

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