China unironically has been more helpful to African development in the past few decades than Europe in the past few centuries. Mostly because China wants Africa to be turned into a prosperous region and serve as customers to China meanwhile the west has been focused on wealth extraction from day one.
I agree with Zambia, the Chinese didn’t play nicely there and acted quite hawkishly. But they did restructure the debt in June when western lenders agreed to do the same.
Also your article doesn’t really talk about events that lead to the economies of Pakistan and Sri Lanka ( Countrywide floods and covid killing tourism respectively) crashing and implies that it’s entirely china’s fault. I think they are quite important when talking about dying economies.
Also would like to add that this still doesn’t compare to European Colonialism.
China unironically has been more helpful to African development in the past few decades than Europe in the past few centuries. Mostly because China wants Africa to be turned into a prosperous region and serve as customers to China meanwhile the west has been focused on wealth extraction from day one.
https://apnews.com/article/china-debt-banking-loans-financial-developing-countries-collapse-8df6f9fac3e1e758d0e6d8d5dfbd3ed6
This article just ignores non Chinese debt though? Which form the larger share in Pakistan.
https://en.m.wikipedia.org/wiki/National_debt_of_Pakistan#:~:text=About 15%25 of the external,expected to provide additional support
And for Sri Lanka, China has offered relief which also led to the IMF also negotiating debt relief with Sri Lanka.
https://www.thehindu.com/news/international/china-reiterates-support-for-sri-lankas-debt-relief-ahead-of-crucial-imf-review/article67205470.ece
I agree with Zambia, the Chinese didn’t play nicely there and acted quite hawkishly. But they did restructure the debt in June when western lenders agreed to do the same.
https://www.wsj.com/articles/zambia-reaches-watershed-deal-on-china-debt-2392593a
Also read.
https://www.theatlantic.com/international/archive/2021/02/china-debt-trap-diplomacy/617953/&ved=2ahUKEwivnvGrx6CBAxXeSGwGHQvBAUsQFnoECBwQAQ&usg=AOvVaw2qJ4QHCHowToj-iq2Irs9y
Also your article doesn’t really talk about events that lead to the economies of Pakistan and Sri Lanka ( Countrywide floods and covid killing tourism respectively) crashing and implies that it’s entirely china’s fault. I think they are quite important when talking about dying economies.
Also would like to add that this still doesn’t compare to European Colonialism.
Agreed. Wasn’t meaning to be exhaustive, just challenge a bit the china is good theme