Is BRI plunging Africa into a debt trap?
"The fast development of China-Africa ties is happening in tandem with mounting biased criticism from the U.S. and Europe over this special relationship. Washington has long warned African countries against what it calls China's "debt diplomacy" and repeatedly accused Beijing of using "debt to hold states in Africa captive to [its] wishes and demands.....
The "debt diplomacy" claims are untenable. "Only about 20 percent of African government external debt goes to China, while 35 percent is held by multilateral institutions controlled by the West," said Okeke, adding "The truth is that the total amount of money that the entire African countries owe to China is nothing compared to what we owe to the West."
Africa is only the fourth-biggest recipient of Chinese foreign direct investment (FDI) after Europe, the Americas and Asia.
Take the U.S. for example, its debt to China amounts to 1.12 trillion U.S. dollars while Africa owes China about 83 billion U.S. dollars.
What the Western countries are trying to do is to rile African countries up against China and press ahead with their tricks to colonize Africa, according to Okeke."
I suppose that, following the logic of some who are repeating the West's talking points..... I guess the way forward is to drive out China and become totally dependent on the West..... how has such an arrangement worked in the past?
when has China done anything like this?
You want to side with those people?
but the pro-Western crowd appears to base its thinking on ignoring history.....
"The fast development of China-Africa ties is happening in tandem with mounting biased criticism from the U.S. and Europe over this special relationship. Washington has long warned African countries against what it calls China's "debt diplomacy" and repeatedly accused Beijing of using "debt to hold states in Africa captive to [its] wishes and demands.....
The "debt diplomacy" claims are untenable. "Only about 20 percent of African government external debt goes to China, while 35 percent is held by multilateral institutions controlled by the West," said Okeke, adding "The truth is that the total amount of money that the entire African countries owe to China is nothing compared to what we owe to the West."
Africa is only the fourth-biggest recipient of Chinese foreign direct investment (FDI) after Europe, the Americas and Asia.
Take the U.S. for example, its debt to China amounts to 1.12 trillion U.S. dollars while Africa owes China about 83 billion U.S. dollars.
What the Western countries are trying to do is to rile African countries up against China and press ahead with their tricks to colonize Africa, according to Okeke."
I suppose that, following the logic of some who are repeating the West's talking points..... I guess the way forward is to drive out China and become totally dependent on the West..... how has such an arrangement worked in the past?
when has China done anything like this?
You want to side with those people?
but the pro-Western crowd appears to base its thinking on ignoring history.....
