November 30, 2021

Resistance to Chinese Finanacial Meddling

Timothy Birdnow

Africa is growing increasingly distrustful of China's "kind" assistance.


https://www.premiumtimesng.com/news/top-news/498057-assets-tied-loans-china-counters-distorted-reports.html


Critics - including watchers in Nigeria, Africa's largest economy that is also relying on "generous" Chinese loans to fund critical infrastructural ambitions - say Beijing is herding poor African nations towards a death trap and endangering their sovereignty.

Posted by: Timothy Birdnow at 11:00 AM | Comments (29) | Add Comment
Post contains 55 words, total size 1 kb.

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2 Right. You do what you gotta do. And that means take China's money.

I read on a message board someone point out that many African countries have a long and venerable history of defaulting on loans. I suppose many of them figure they can do that. But China is a different beast altogether from the West. They'll send in the troops if this happens.

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