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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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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