please contact sales@tanchin.hk for any inquiry
Analysts say the two-year lending spree has pushed China to the top of the list of African creditors, and any comprehensive debt deal, including write offs, will require Beijing to play a leading role and swallow losses.
"China is in the driver's seat," said Scott Morris, a senior fellow at the center for global development, a Washington think tank "But it's going to be a real pain for creditors, and I'm not sure they've agreed to that."
Two people familiar with the matter told Reuters that Beijing is likely to agree to temporarily freeze payments on African countries' debt as part of an agreement expected this week by the major G20 economies.
Analysts say debt relief is clearly the next step, but China is unlikely to take the lead in such a move, despite potential opportunities to improve its soft power credentials.
China's foreign ministry and China International Development Cooperation Agency did not respond to a request for comment from Reuters.
Unlike the major western countries that have granted debt relief in the past, a large part of China's debt to Africa has commercial terms. According to the data of the International Monetary Fund, China itself is still an emerging economy, with per capita income of $10153 in 2019, lower than the average per capita income of $45447 in the first seven major economies.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

2 X 7072 AGM DT 2 X 71972 ACGMB DF 2 X 71972 ACGMB DB 2 X 71972 ACGMB DT 71872 ACM/P5DB DB 2 X 7068 BGM DF 2 X 7068 BGM DT 2 X 7068 BGM DB 2 X 466952 DB 2 X 7064 BGM DT 2 X 7064 BGM DB 2 X 7064 BGM DF 2 X 7060 BGM DF 2 X 7060 BGM DB 2 X 7060 BGM DT 2 X 466951 DB 2 X 7056 BGM DT 2 X 7056 BGM DF 2 X 7056 BGM DB 2 X 7248 BCBM DT