Mind Matters Natural and Artificial Intelligence News and Analysis

TagDebt-trap diplomacy

rolled-yuan-bill-on-the-map-of-africa-chinese-investment-in-african-economy-stockpack-adobe-stock.jpg
Rolled Yuan bill on the map of Africa. Chinese investment in African economy

China and Africa: Debt-Trap Diplomacy?

The story of China helping Africa modernize resists simple formulas

Last week, I reported on the accusations of racism on the part of the the Chinese authorities against African residents of the city of Guangzhou in Guangdong province. While Africa and China have enjoyed a seemingly amicable relationship since the 1970s, several African leaders have pointed to the COVID-19 pandemic as highlighting unresolved underlying tensions. One of those tensions is several African countries’ debt burden. China’s response to requests for deferral in the midst of a pandemic has strained Sino-African relations. China isn’t the African countries’ only creditor. As of this writing, G20 leaders will be meeting to discuss debt-relief and extending the Debt Suspension Service Initiative (DSSI). The service has deferred debt payments by poor countries due to the…