China's Africa debt relief: The inside story

Chinese president Xi Jinping addressing the China-Africa Summit via a video link from Beijing on 17 June 2020. Xinhua via Getty Images

By  The Conversation

What you need to know:

  • Chinese public and private lenders accounted for 12 percent of the continent’s US$696 billion external debts in 2020.
  • The continent’s average debt-to-GDP ratios exceeded 50percent prior to the pandemic.

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