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Loans

Loans: China’s Africa financing nearly halved in 2024

China’s lending to Africa fell sharply in 2024 from the previous year. Beijing is moving away from multi-billion-dollar, US-dollar infrastructure projects and increasingly shifting toward more selective financing in renminbi.

By Yi Ling Pan

In China's ever-changing economic landscape, the credit market plays a crucial role, as the current situation surrounding real estate giant Evergrande makes clear. Here we focus on the complex structure of lending in China – including real estate loans, corporate loans and government loans – and how it affects the country's economy. We shed light on the current situation, look at the importance of credit in China's economy and offer an outlook on possible future developments, with breaking news, in-depth analysis and expert commentary to keep you informed of the latest developments and implications of the credit market in China, including the Evergrande crisis and beyond.