Analysis shows that China is burdening poor African countries with debt while taking collateral in the form of natural resources. Through ''debt trap diplomacy,'' China has become the single largest shareholder of African resources and infrastructure.
  • jonne@infosec.pubEnglish
    11·
    1 month ago

    There is ample evidence that China uses ‘‘debt trap diplomacy’’ to exploit Africa’s natural resources, dominate infrastructure projects and acquire locations for its military bases, among other things.

    Is there any difference to how the IMF and World Bank provide loans and trap countries into debt and force them into economic reforms that are bad for the country? Seems like China is just learning from the best.