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Comment on Africa: China seeks to expand influence through port development in African countries as observers warn that involvement might lead to military uses

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username_1@programming.dev ⁨5⁩ ⁨days⁩ ago

You may not like it, but it is a reality. Why else is there so much talks about decreasing help from the US and UK? Because Africa needs that help.

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Keeponstalin@lemmy.world ⁨5⁩ ⁨days⁩ ago
Western countries are the reason Africa has been over exploited for over a century

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- username_1@programming.dev ⁨5⁩ ⁨days⁩ ago
  Now it’s China’s turn, apparently.
  
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  - Keeponstalin@lemmy.world ⁨5⁩ ⁨days⁩ ago
    If you think Chinese investment into African countries is anything like the colonialism and neocolonialism of Western nations, you have no video what you’re talking about
    
    Demystifying Chinese Overseas Lending and Development Finance. - BU
    
    The Chinese Debt Trap Is a Myth: The Narrative Wrongfully Portrays Both Beijing and the Developing Countries It Deals With. - HBU
    
    Meanwhile, even accusation is a confession
    
    Both the International Monetary Fund (IMF) and World Bank have been accused of predatory lending practices to keep emerging economies in debt, including: demanding structural adjustment programmes as a condition for loans, often to governments who see these loans as a last resort,[63][64][65] pressuring for privatization and exerting undue influence over central banks.[66][67][68][69] The founder of the activist network Committee for the Abolition of Illegitimate Debt wrote: “The World Bank and the IMF have systematically made loans to states as a means of influencing their policies.”[70] [better source needed] The IMF has used geopolitical considerations, rather than exclusively economic conditions, to decide which countries received loans.[71]
    
    en.wikipedia.org/wiki/Debt-trap_diplomacy
    
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    username_1@programming.dev ⁨5⁩ ⁨days⁩ ago
    Why are you even telling all that? Nobody said that it is good for Africans.
    I just said that Europe and US walked away, leaving Africa to China. And China will use Africa the same way as it was previously used by Europe or US.
    Or are you just a bot, copy-pasting the same pre-made texts in every thread where Africa and China or Europe/US are mentioned?
    
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