thegreatdivide wrote on Feb 25^th, 2024 at 1:08pm:

Bollocks, silly parrot. You didn't read EVEN your own link and you just parrot crap.  Read your own article about the toxic Chinese influence in Africa.

However, of these new relationships, China has created the most profound alliances with African nations, and has become Africa’s main trading partner, with their relationship generating a revenue greater than 200 billion dollars per year. In total, Chinese enterprise in Africa since 2005 amounts to a value around 2 trillion dollars, with 43.9 billion dollars existing in direct investment. China’s Belt and Road Initiative (BRI), launched in 2013, is one of the largest steps taken by China in an attempt to better connect African countries with Asia and Europe. In doing this, it proposes to create a framework that would both allow and promote intercontinental trade with Chinese infrastructure being the catalyst.

Still, there are multiple problems with the idea that could harm Africa’s fragile economy even more. The immediate consequence is that it creates a dependency system similar to that of colonial rule. African nations and companies would only be able to trade along China’s infrastructure, and thus entirely subject to Chinese regulations, laws, and influence. Should the African economy ever increase to a pace where it becomes reliant on commerce, the BRI would have an entire continent’s economy in its control – and therefore its government and people. Even further, African economies haven’t industrialized yet, and therefore another dependency would emerge on China – this time, on manufactured goods. Once factory goods from China are introduced into African economies,  China would gain another foothold in the continent’s economy that it could use to leverage against it.

“Many African countries are falling into the same neocolonialism trap with China’s high-interest loans,” warned C. Nichole. “These loans are crippling African countries with debt which put them in a position to have to borrow more money. Some of these loans are being defaulted on, which allows the creditor to collect on whatever collateral was stated in the loan contract.”

China has had a history of trying to exploit African nations.

Frank wrote on Feb 25^th, 2024 at 2:52pm:


Again your blind delusional freedom/rights ideology has incapacitated your brain, to wit:

"China has created the most profound alliances with African nations, and has become Africa’s main trading partner, with their relationship generating a revenue greater than 200 billion dollars per year."

which means China is investing in the infrastructure needed to allow increasing trade between developing nations for the benefit of both.    

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Ah - so now the authors are embarking on a China- bashing enterprise; while the West stood back and did nothing to develop Africa, except in overseeing crippling debts to the IMF, China built infrastructure.  

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See what's wrong with that? The West is paranoid about   Chinese investment, and the West hasn't invested in poor African nations. Hypocrites.

https://data.one.org/topics/african-debt/

The composition of African debt has changed significantly (in the last 3 decades during China's rise.)  Previously, the majority of African external debt was owed to official creditors – high-income countries and multilateral lenders like the World Bank and IMF. Now, China and private creditors make up a large proportion of debt stocks, meaning more debt is non-concessional.

Get that  - owed to rich countries who weren't  interested in engendering growth in developing countries. China has built the railroads, bridges, harbours and highways, including training of local workforces, needed for development, to show for its investments.   

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C Nichole is an anti-China ideologue, crying because the BRI has increased China's influence in Africa. eg, 

https://www.bloomberg.com/news/articles/2023-08-04/south-africa-spurns-us-pressu...

"4 Aug 2023 — South Africa won't succumb to pressure from the US to stop using Huawei Technologies Co. equipment on its IT networks, the nation's ambassador said." 

..because S Africa appreciates  the assistance of the Chinese, over the hegemony of the  US.

Easy, give them what they want immediately and don't argue about it as she did.  Her car was insured, she only faced a few weeks inconvenience. Tsk, tsk, tsk... 

Frank wrote on Feb 25^th, 2024 at 5:53pm:



So that's how Brian did it.   

Boris wrote on Feb 26^th, 2024 at 8:35am:



yes -
3 years ago -
no one was ever brought to justice for that.   

Matty, AKA "Boris" is a noted Racist troll.  Ignore him.  Tsk, tsk, tsk..