Black People Politics : African Economics

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According to China's ministry of foreign affairs

China calls upon all parties concerned to contribute to alleviating Africa's debt burden in line with the principle of common actions and fair burden-sharing. Qin Gang emphasized that Africa's debt problem is essentially an issue of development.

and

According to Johns Hopkins University's China Africa Research Initiative (CARI), China wrote off at least $3.4 billion of debt between 2000 and 2019, almost all interest-free loans to African countries. As of 2022, China has forgiven 23 interest-free loans in 23 countries.
 

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