The impact of those funds is felt across Africa, where residents in major cities like Lagos, Nairobi and Addis Ababa now transit daily via railways, highways and airports built in recent years with Chinese loans and often by Chinese construction firms.
But understanding how much money is flowing out of China into global development is notoriously tricky as Beijing doesn’t share this data openly and a wide range of financial entities play roles.
How all this plays out could have a significant impact on developing countries’ access to much-needed infrastructure funding.
China is also navigating the second decade of the Belt and Road amid stark economic challenges at home.
China in 2017 released guidance on promoting a “green” Belt and Road, which called for sustainable development and strengthening environmental protection.
Persons:
laud, Xi, Roberto Matchissa, Oyintarelado Moses, ”, Moses, Ammar A, Malik, “, Austin Strange, Yasuyoshi Chiba, AidData’s Malik, HKU’s
Organizations:
Hong Kong CNN, Initiative, Boston University Global Development, Center, Getty, CNN, Global China Initiative, Global Development Policy, William, Mary’s Global Research Institute, University of Hong, Global Development
Locations:
China, Hong Kong, Africa, Beijing, Lagos, Nairobi, Addis Ababa, Ukraine, Maputo, Katembe, Mozambique, AFP, Kazakhstan, Zambia, Ghana, University of Hong Kong, Kenya, United States, China’s