African nations now send more money to China than they receive in new loans

African nations now send more money to China than they receive in new loans

JOHANNESBURG, Jan 27 (Reuters) – China’s role as a major financier to developing nations has changed over the past decade, with new loans to poorer countries falling sharply while debt repayments continue to rise, according to analysis released by ONE Data. The inaugural report from the ONE Data initiative found that many low- and middle-income … Read more