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As Africa Groans Under Debt, It Casts Wary Eye at China

JOHANNESBURG—As global momentum builds guiding debt aid for Africa’s most poverty-stricken and closely indebted economies, a tussle is brewing in between Western governments, private traders and the continent’s most significant creditor: China. Rich Western administrations seeing their own economies lurch toward economic downturn are loath to forgive African debt if they feel the income will […]

JOHANNESBURG—As global momentum builds guiding debt aid for Africa’s most poverty-stricken and closely indebted economies, a tussle is brewing in between Western governments, private traders and the continent’s most significant creditor: China.

Rich Western administrations seeing their own economies lurch toward economic downturn are loath to forgive African debt if they feel the income will indirectly assistance Chinese creditors, although Beijing is concerned about placing a precedent for popular forgiveness.