The Center for Advanced China Research published on 27 February 2020 an analysis titled "Resource-backed Loans, Revisited: Infrastructure for Aluminum in Ghana and Guinea" by Scott Wingo, PhD candidate at the University of Pennsylvania.
The author looks at major resource-backed Chinese loans for bauxite deals in Guinea and Ghana. He concludes that quantitative and qualitative changes in resource-backed lending show increased caution on the part of Beijing.