OUCAN Conference 2023: The Future of China's Overseas Finance on the BRI's 10th Anniversary
Since the launch of the Belt and Road Initiative (BRI) in 2013, China has dramatically expanded its overseas presence, becoming a major financier across the Global South, including Africa. But ten years after its launch, the BRI appears to be in decline. Overseas lending from China’s policy banks has now largely dried up. Meanwhile, many of the recipients of China’s financial largesse are struggling to repay BRI-related debts. But in spite of a less enabling context, the systemic drivers of China’s overseas activity are still present.