Follow CAP on Social Media

Listen to the CAP Podcast

Michael Pettis: China’s Dramatic Curtailment in Overseas Lending Shows That Beijing is Learning the Same Lesson Today That Other Creditors Learned Years Ago

Acclaimed China economist, Peking University professor, and Carnegie Senior Fellow Michael Pettis posted a 7-part Twitter thread on Tuesday where he reflected on the new data published by the China-Africa Research Initiative at Johns Hopkins University that shows a dramatic cutback in Chinese overseas lending to African governments.

The following is a full, unedited transcript of his posts on Twitter:

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Africa Project?

Independent

The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.