{"id":427183,"date":"2026-01-24T14:24:27","date_gmt":"2026-01-24T14:24:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/427183\/"},"modified":"2026-01-24T14:24:27","modified_gmt":"2026-01-24T14:24:27","slug":"china-pulls-back-on-funding-african-projects","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/427183\/","title":{"rendered":"China pulls back on funding African projects"},"content":{"rendered":"<p>Chinese lending to Africa has plummeted, new data showed, reflecting a shift in focus to strategic investments on the continent and a lower risk appetite for financing infrastructure projects.<\/p>\n<p>Beijing\u2019s total lending in 2024 amounted to $2.1 billion, down by more than 90% from its 2016 peak, a report by Boston University\u2019s Global Development Policy Center showed. And Chinese loans to Africa fell by nearly half in 2024 compared to the previous year.<\/p>\n<p>The downward trend began when Chinese loans to Africa fell sharply by more than 60% to $6.8 billion in 2019, around the onset of the COVID-19 pandemic.<\/p>\n<p>Chinese loans to Africa have averaged just above $2 billion since 2020, having reached $10 billion or more between 2012 and 2018, Boston University\u2019s <a href=\"https:\/\/www.bu.edu\/gdp\/chinese-loans-to-africa-database\/\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">database<\/a> showed. The decline stems from more restraint by Chinese lenders, and borrowing constraints in Africa tied to continued post-pandemic shocks, debt restructuring efforts, and an increasingly volatile international order, said Mengdi Yue, a researcher at Boston University\u2019s Global Development Policy Center.<\/p>\n<p>\u201cChinese banks lent so much in the past decade but are becoming more risk-averse because not every sum has been repaid,\u201d Yue told Semafor. The lenders are feeling increased \u201cpressure on their balance sheets and do not want so many non-performing or unpaid loans,\u201d she said.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/01\/161a1619ba99373100e5ec216fa7e9887716842e-1066x1024.png\" alt=\"Chinese loans to Africa yearly.\" width=\"800\" height=\"768\" decoding=\"async\" loading=\"lazy\" fetchpriority=\"high\" class=\"styles_imageEmbed__QsLwb styles_fullContentArea__zXct_\" style=\"color:transparent\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"Chinese lending to Africa has plummeted, new data showed, reflecting a shift in focus to strategic investments on&hellip;\n","protected":false},"author":2,"featured_media":427184,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":{"0":"post-427183","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/427183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=427183"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/427183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/427184"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=427183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=427183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=427183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}