Waiver of African loans worth 1% of China’s lending to the continent

Joining the World Intellectual Property Organisation should help Chinese designers safeguard their work internationally, the UN agency said. - Reuters

LONDON: China’s waiver of 23 interest-free loans to African countries last month amounted to only 1.1% or less of Chinese lending to the continent, according to a study.

China’s foreign ministry said in August it had cancelled 23 loans to 17 African countries that mature in 2021, but did not give further details.