I keep hearing people crow about how Africa is going to get re-colonized by China, but I just don't see it.
It already happened[0] through massive predatory loans that Africans were never realistically going to be able to pay back. Of course, you could also frame those loans as China believing in Africa and investing heavily in stalwart people who had long been exploited by other countries. The truth is probably somewhere in the middle.
>This policy has been alleged by the U.S. Government to be a form of debt-trap diplomacy; however, the term itself has come under scrutiny as analysts and researchers have pointed out that there is no evidence to prove that China is deliberately aiming to do debt-trap diplomacy.
>Research from Deborah Brautigam, an international political economy professor at Johns Hopkins University, and Meg Rithmire, an associate professor at Harvard Business School, have disputed the allegations of debt-trap diplomacy by China and pointed out that "Chinese banks are willing to restructure the terms of existing loans and have never actually seized an asset from any country, much less the port of Hambantota".
>Academic Jeremy Garlick concludes that there is no reason to believe the BRI framework is worse for developing countries' debt than Western lending frameworks.
It already happened[0] through massive predatory loans that Africans were never realistically going to be able to pay back. Of course, you could also frame those loans as China believing in Africa and investing heavily in stalwart people who had long been exploited by other countries. The truth is probably somewhere in the middle.
[0]https://en.wikipedia.org/wiki/Belt_and_Road_Initiative