World News
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China's Africa Lending Drops Sharply in 2024, Focus Shifts to Yuan Projects
The China-Global South Project
January 22, 2026•1 day ago
AI-Generated SummaryAuto-generated
Chinese lending to African nations significantly decreased in 2024, falling to $2.1 billion. This marks the first annual drop since the COVID-19 pandemic. The shift indicates China's move towards more selective, strategic projects and a potential increase in lending denominated in the Chinese yuan. Boston University data revealed this trend.
By Colleen Goko
Chinese lending to Africa nearly halved to $2.1 billion in 2024, the first annual decline since the COVID-19 pandemic, as the country shifts to selective, strategic projects, according to data released on Wednesday by Boston University.
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