Chinese lending slipped below $1 bln in 2022 Several African nations struggling with debt levels China faces economic headwinds at home JOHANNESBURG, Sept 19 (Reuters) – Chinese sovereign lending to Africa fell below $1 billion last year – the lowest level in nearly two decades – underscoring Beijing’s shift away from a decades-long big ticket infrastructure spree on the continent, data showed on Tuesday. The drop in lending reflected in data from Boston University’s Global China Initiative comes as several African nations struggle with debt crises and China’s own economy is facing growing headwinds. Africa has been a focus of President Xi Jinping’s ambitious Belt and Road Initiative
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