(2 minutes read)
Since 2013, China’s Belt and Road Initiative (BRI) has helped bankroll a boom in African infrastructure, allowing credit-starved countries to build railways, hydropower projects, roads, airports, and communications. The initiative also led to a surge in Chinese investment in areas such as manufacturing, mining, and agriculture.
Since 2013, China’s Belt and Road Initiative (BRI) has helped bankroll a boom in African infrastructure, allowing credit-starved countries to build railways, hydropower projects, roads, airports, and communications. The initiative also led to a surge in Chinese investment in areas such as manufacturing, mining, and agriculture. The program has made Beijing the biggest financier of infrastructure in Africa.
But a decade down the road, it is pointed out that the Belt and Road Initiative may be losing steam as Beijing becomes more averse to risk and as the domestic economy struggles to return to pre-pandemic growth levels.
Read Also:
https://trendsnafrica.com/pgii-how-serious-are-g7-to-counter-chinas-bri/
https://trendsnafrica.com/china-completes-infra-project-in-mozambique-as-part-of-bri/
https://trendsnafrica.com/china-rebuts-the-us-charge-of-creating-debt-traps-in-african-countries/
However, another segment of people believes that Chinese investments in infrastructure and other sectors would continue as it is since the country can ill-afford withdrawing from the continent where it has invested heavily in the last few decades.
