Today, China is the world's largest official creditor
, more twice as large as the World and the International Monetary Fund combined. Nowhere is this more evident than in Africa where Beijing has lent an estimated $143 billion
But how China lends money is still poorly understood. Many observers often oversimplify the issue by characterizing it as "Chinese loans" or "Chinese finance." The reality is that the Chinese development finance model is extremely complicated and includes a lot of competing actors who each pursue their own agendas.
Kanyi Lui is a Beijing-based project finance lawyer who's spent almost two decades working in the overseas Chinese development finance sector. He's worked closely with China's powerful policy banks, commercial creditors and in the private capital market as well. Kanyi joins Eric & Cobus to provide some badly-needed background as to who are the key players in this space and how they operate.
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