China-Africa summit: Xi wants bigger returns, fewer headaches from African debt deals

China-Africa summit: Xi wants bigger returns, fewer headaches from African debt deals

China is hosting African leaders in Beijing for the ninth Forum on China-Africa Cooperation
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China is hosting African leaders in Beijing for the ninth Forum on China-Africa Cooperation, marking a shift in its approach to the continent. As China faces its own economic challenges, it's now focusing on more profitable, opaque public-private partnerships, aiming for better returns while minimizing risk.

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By Neil Munshi and Peter Martin

When Chinese President Xi Jinping welcomes African leaders to Beijing this week, he'll be holding a smaller checkbook and will have a clearer sense of what China wants in exchange: bigger returns and fewer headaches.

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