Chinese loans to Africa could spark crisis, warns Germany

Frankfurt (AFP) May 27, 2022

China's years-long lending spree in poorer countries, particularly in Africa, poses a "serious danger" that could plunge the world into the next financial crisis, German Chancellor Olaf Scholz warned Friday. "There is a really serious danger that the next major debt crisis in the global south will stem from loans that China has granted worldwide and doesn't have a full overview of because th