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China-Africa in the news: Risky loans, Queensway, Zimbabwe’s tobacco, Djibouti, Mswati’s Taiwan trip, Tiens Group

China is “growing less tolerant” of its “cheque book” diplomacy strategy. The strategy has seen China become the biggest lender to developing nations, a good number of them unstable or poorly governed (like Equatorial Guinea and Zimbabwe). China has lent billions of dollars to the developing world so it can “win friends and commercial advantage,” and also, ultimately, burnish its credentials as leader of the developing world. But the risks of the strategy might come to outweigh the benefits. Continue Reading