A Reuters analysis of lending, investment and trade data shows that China's flagship economic cooperation program is bouncing back in Africa after a lull during the global pandemic. Chinese leaders have been citing the billions of dollars committed to new construction projects and record two-way trade as evidence of their commitment to assist with the continent's modernization and foster "win-win" cooperation. But the data reveals a more complex relationship, one that is still largely extractive and has so far failed to live up to some of Beijing's rhetoric about the Belt and Road Initiative. |
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