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China is putting a lot of money down with its Belt and Road initiative, and specifically has tried to attract partners/allies calling it vehicle for prosperity
by aylmao 3y ago
China is putting a lot of money down with its Belt and Road initiative, and specifically has tried to attract partners/allies calling it vehicle for prosperity [2]. In Africa, they've been building infra and haven't shied away from forgiving debt [1].
This certainly plays in their interest. The USA's support for global trade and the economic prosperity of countries key in their trade network (like Japan, for example) are similar ventures. I'm not saying China is making countries as prosperous as itself, but it is certainly working to make being a Chinese ally economically attractive.
[1]: https://www.voanews.com/a/china-cancels-23-loans-to-africa-amid-debt-trap-debate-/6716397.html https://www.voanews.com/a/china-cancels-23-loans-to-africa-a...
[2]: https://thefinancialexpress.com.bd/views/opinions/chinas-efforts-towards-integrating-international-economic-development-1646577799 https://thefinancialexpress.com.bd/views/opinions/chinas-eff...