For more than 10 years many African countries have borrowed intensely from the international capital market amid the continent’s continued economic growth. However, some African countries’ debt loads are worsening and signs of a debt crisis have emerged, due to a decline in major commodity prices, the sluggish eurozone economy and China’s economic slowdown. Meanwhile, African countries are set to seek more development funds to achieve the UN’s sustainable goals and the African Union’s Agenda 2063.
For this reason, Sino-African cooperation shouldn’t merely meet African development needs, but should help Africa contain debt sustainability risks. Deeper ties between China and Africa can be forged accordingly and Chi…
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