2018 FOCAC: Africa in the New Reality of Reduced Chinese Lending | Center For Global Development

2018 FOCAC: Africa in the New Reality of Reduced Chinese Lending | Center For Global Development: The 2018 FOCAC Summit will open tomorrow in Beijing. There is much speculation about the size of the investment package China will unveil at the summit. It appears, however, that we are in a new phase of Chinese financing. A combination of domestic and international pressures will likely alter China’s extensive lending program—African states that have relied on this lifeline must adjust to the new reality.