Fenriswolf posted...
LMAO. Like the fact that Chinese loans actually account for less than the IMF? And the fact that China has in fact renegotiated and forgave much of its loans, and it's the developing countries approaching China?
https://www.bloomberg.com/news/articles/2022-03-17/the-myth-of-chinese-debt-trap-diplomacy-in-africa
https://www.economist.com/special-report/2022/05/20/chinese-loans-and-investment-in-infrastructure-have-been-huge
You remind me of this American woman who thinks the Chinese building ports in Africa is worse than the US starting wars.
https://youtu.be/n8Y57ULVqC8
china is the current prototype for neo colonialism. they are not only exploitative, they are at times openly racist.
https://www.thedailybeast.com/chinas-ugly-exploitation-of-africaand-africans
and we see how china is making a mad grab for african resources while attempting a debt trap scheme. they are causing unprecedented deforestation on the continent and mining resources at mind numbing speed. the economic impact is short term as outlined in the yale article below and the longterm ramifications will mean continuing to raze the land and pilfer resources while trapping poor nations in generational debt. russia is engaging in the same kind of behavior by using groups like wagner (the neonazi militia) as a proxy.
https://e360.yale.edu/features/the-dark-legacy-of-chinas-drive-for-global-resources