It's widely believed that Chinese lending to African countries is predominantly done by a few state policy banks, such as the China Exim Bank and the China Development Bank. While that was true in the past, today the situation is far more complicated.

New research found that a diverse array of Chinese creditors are now active in Africa, including commercial banks, state banks, and corporate actors, among many others. And contrary to the popular perception that Chinese lenders are monolithic, the reality is that each of these creditors has very different agendas.

Tianyi Wu, a PhD candidate at the University of Oxford, and Yunnan Chen, a research fellow at ODI Global, join Eric & Cobus to discuss the diversity within the Chinese creditor market and why there are important pros and cons for African governments to consider when they borrow from these commercial banks.

SHOW NOTES:

• ODI Global: China's creditor diversification in Africa: impacts and challenges of infrastructure debt-financing by Chinese commercial creditors by Tianyi Wu & Yunnan Chen: https://tinyurl.com/yc4v2nec
• Development and Change: The Political Economy of Variations in Energy Debt Financing by Two Chinese Policy Banks in Africa by Tianyi Wu: https://tinyurl.com/3wvnex6e
• Boston University Global Development Policy Center: Back in Action: The Ninth Forum on China-Africa Cooperation Sees Renewed Relations and Development Prospects by Tianyi Wu: https://tinyurl.com/yeyufn5j

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