Is China’s risk tolerance reaching its limit with pause of African mine deal?

AI Summary

Chinese regulators have paused Zijin Mining's $4 billion acquisition of Canadian Allied Gold amid increased scrutiny over security risks, highlighting Beijing's growing wariness of Chinese investments in Africa. The development reflects China's expanding influence and cautious risk tolerance on the continent.

As China’s relationship with African countries has deepened, the country’s influence is spreading into more areas. In the latest of a series of articles, Dulue Mbachu investigates the extent of Chinese investments in the continent and Beijing’s growing wariness about their security. Chinese regulators balked at Zijin Mining’s planned US$4 billion acquisition of Canadian company Allied Gold, placing it on hold to scrutinise the potential risks. As a result, the agreement for the deal, already...