Chinese lenders may not be willing to throw good money after bad and have reportedly declined to approve a further freeze on debt repayment for some countries.
China, the largest bilateral lender in Africa, has said its commercial lenders should not be forced to provide debt relief and criticised the International Monetary Fund and the World Bank for not doing enough to ease the debt burden.
Some Chinese lenders have also said they are disadvantaged compared with those from other countries – especially in the Group of 20’s Debt Service Suspension Initiative (DSSI), which was introduced last year to help poor nations fight Covid-19.

by Jevans Nyabiage in SCMP, 20 Sep, 2021
https://www.scmp.com/news/china/diplomacy/article/3149314/chinese-lenders-reluctant-offer-african-countries-further-debt?module=lead_hero_story&pgtype=homepage