China has recently declared another round of write-offs on interest-free loans for over two dozen African nations. However, analysts indicate that this relief only addresses a minor portion of the total debt burden faced by these countries. During the Forum on China-Africa Cooperation (FOCAC) summit held in the Chinese capital last week, Beijing announced the cancellation of intergovernmental interest-free loans owed by 33 African nations, … Continue reading China writes off interest-free loans to African nations, Is this action merely symbolic