Pinsent Masons published on 12 August 2020 an article titled "Chinese Financing: Banking with Chinese Lenders" by Kanyi Lui, a partner at Pinsent Masons law firm in Beijing.
This is a very useful explanation of Chinese loans to Africa, which totaled $148 billion between 2000 and 2018. China offers three categories of loans: interest free loans from the Ministry of Commerce (about 5 percent of loans to Africa and the only ones that are forgiven); subsidized concessional loans from the China Export-Import Bank (about one-third of loans to Africa); and commercial rate loans from state-owned banks and other institutions (all of China's remaining loans to Africa). The author provides typical interest rates and repayment periods.
