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The alternative to Chinese debt for Africa from Japan and India

'Growth Corridor' can offset excessive dependence on Belt and Road borrowing

| Africa
Indian Prime Minister Narendra Modi, left, and Japanese Prime Minister Shinzo Abe at Abe's official residence in Tokyo in October   © Reuters

China's sprawling Belt and Road Initiative has made developed nations anxious about losing influence in the developing world. The U.S. and the EU are each advancing their own new strategic initiatives to support development in emerging economies.

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