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Beijing’s policy with loan contracts

Since the early 2000s, China has signed more than 2,000 loan agreements with developing and emerging countries. Through the Belt and Road Initiative (BRI), Beijing finances infrastructure projects in dozens of countries. When it comes to energy projects, Chinese development banks have been among the biggest lenders for years. China, for example, holds at least 21 percent of African countries’ debt. For the first time, a research team led by the Kiel Institute for the World Economy (IfW) has now managed to evaluate 100 credit agreements of Chinese development banks (84), the central government (4), state-owned commercial banks (8) and supplier credits (4) to 24 states amounting to more than $36 billion and to compile them in a database.

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