China Forgives 23 Loans for 17 African Countries, Expands ‘Win-Win’ Trade and Infrastructure Projects

China is forgiving 23 interest-free loans for 17 African countries, after already cancelling $3.4 billion and restructuring $15 billion of debt from 2000-2019. Beijing pledged more infrastructure projects and offered favorable trade deals in a “win-win” model of “mutually beneficial cooperation.”