It is pertinent to note that Chinese trade with Africa is about four times that of the United States. Beijing has become an important creditor by offering cheaper loans - often with opaque terms and collateral requirements - than Western lenders.
According to a study undertaken by Chatham House, a renowned policy institute based in London, China is moving away from a high-volume and high-risk model of investment in Africa.
As the global economy is moving towards recession, African countries, where China has leveraged lopsided loans for geopolitical gain, are in debt distress and need alternatives fast.
China may soon start dictating the grounds of functioning in most of the African nations because of the growing surveillance that it has created in the African continent.
Beijing [China], August 13 (ANI): China has been undertaking large-scale infrastructure projects in Africa to benefit Chinese Private-Sector Companies consequently exploiting the continent and its inhabitants thus pushing the local entrepreneurs to the margins.
Beijing [China], June 15 (ANI): Despite the importance of China-Africa alliances based on "mutual prosperity," China's engagement with African countries is mired in deep-rooted racial prejudices leading to violation of human rights, injustice, and exploitation, reported a Canada-based think
Nairobi [Kenya], May 20 (ANI): Kenya's debt obligations towards China have shot up by a staggering 135.15 per cent in the last one year on the back of Chinese-funded infrastructure projects in the African country.
Beijing [China], May 9 (ANI): While infrastructure projects are one of the main priority areas in China-Africa cooperation, Beijing has cut down on its investment pledges for the continent for the first time in December 2021, according to reports.
Beijing [China], March 19 (ANI): China is facing severe criticism from across African countries over the poor quality of its infrastructure projects, with some nations even cancelling their agreements with the Chinese companies, said a media report.
Beijing [China], January 20 (ANI): China's fortunes in Africa are changing with Beijing preoccupied with its slowing economy owning to the impact of the COVID-19 pandemic, trade war with the US and others factors, shifting its strategic priorities writes Sergio Restelli for the Inside Over.