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

• 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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    • Keeponstalin@lemmy.world ⁨5⁩ ⁨days⁩ ago

      China will use Africa the same way as it was previously used by Europe or US.

      I literally just gave 2 articles and a wiki that show the complete opposite.

      Chinese investment has already been magnitudes better than African nations than Western neo/colonialism has been. Equating the two is insane

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