Colombia, historically the most obedient US client regime in Latin America, is joining the Belt and Road Initiative!
Colombia, historically the most obedient US client regime in Latin America, is joining the Belt and Road Initiative!
When Colombia defaults on the loans - because that's the purpose of the loans - I'd like to see China try and wrest control of the port, station, or airport. It's gonna be great TV.
It's the complete opposite.
- An African leader on the hypocrisy of those saying China is imperialist.
- China africa panel: if you want actual infrastructure, you go to China, not the west.
- Five imperialist myths about China's role in Africa.
- Evo Morales - Why China and Russia aren't imperialist, but the US is.
- Yanis Varoufakis on China's foreign policy dealings with Greece and Africa.
- Vijay Prashad and Qiao Collective - Is China imperializing Africa?
- China has forgiven over $10B in debt, over half to Cuba, but also including > 20 African nations, Pakistan, and Cambodia.
- The chinese debt trap is a myth.
- China writes off $6M in debt to rwanda, provides another $60M in grants.
- China forgives over $78M in Cameroon debt.
- China writes off $36m Mozambican debt.
- China writes off substantial amount of Angola debt.
It's gonna be great TV
Typical liberal brain rot fantasy. You are literally making shit up from fantasy stories and then playing them in your head and enjoying it.
The reality is that there is no Chinese debt trap and Dessalines gave you a great list of articles to read. Read them.
You are more likely to see China acting like this in insipid Canadian and 𝕌𝕊𝕠𝕟𝕚𝕒𝕟 TV shows, since you don't have any real examples. The China debt trap is a myth cooked up by the transatlantic financial class for your gleeful consumption.
Did a little digging. Found one interesting piece from Hudson institute including an opinion piece from former head of world bank. Main points: China, and Russia to a lesser extent, are prioritizing engagement with Africa both for for economic and political purposes (large UN voting bloc). China favors market rate loans over foreign aide, article suggests they cannot afford straight aid even if they wanted to. Loans from China are denominated in dollars, so strengthening USD and increasing interest rates playing a large role in debt. African nations paying more in debt repayment than receiving in aid and economic benefit. Traditional capital markets are no use to Africa because capital is flowing to developed countries and companies that already have cash. Doesn’t seem like China wants to repossess infrastructure they built, they actually want loan repayments. China doesn’t want to take write downs because they are concerned the money will be used to repay western creditors. US foreign policy is weak in Africa, infrastructure aid would go far because would improve terms from China. It’s a far more complex situation than I had thought. I plan to do more reading on the topic so I can be better informed.
US hedgemony:
Hope he don't get CIAed
ELI5?
https://en.wikipedia.org/wiki/Belt_and_Road_Initiative
They're gonna accept money from China in exchange for favorable trade deals.
If it amounts to anything, Colombia will get infrastructure projects and we will get salty WAPO opeds
Yay?
Isn't Argentina the most obedient client now?