It's definitely better than anything the IMF/World Bank and the added fear of western gunpowder bring to the table. The biggest issue is that there needs to be more of a technology transfer from China to whichever African countries they're dealing with. Definitely not a perfect arrangement.
I'm not even sure they're doing that either though to be fair, that seems to be the thing. The worst I've had is that they own 2 ports outside their borders... Both of which aren't debt traps and they constructed them themselves. It's obviously soft power projection but it's hard to feel bad about it? Nobody is getting a bad end of any deal.
High risk loans, not even debt traps, and the credit available with the least strings attached, its like a chinese marshall plan where its set to benefit china (although this may be more true in central asia)
That doesn't reflect what Yanis' experiences with dealing with them were when Greece was desperate and he was re-negotiating existing deals with the Chinese. They seem incredibly reasonable.
it aligns pretty closely with what im saying, loaning to greece is a high risk loan though lol
i think the marshall plan was good for western europe (yes obviously it worked to benefit the US too, but like China here the biggest benefit is elevating potential future allies/sphere of influence shit)
damn, its gonna be really shitty for you when you hear about all the awful shit chinese industry is doing in africa
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I work with a lot of Africans and they all seem to think China is far from perfect, but better than the west to deal with.
It's more like negotiation and less like do X or we will murder you all.
It's definitely better than anything the IMF/World Bank and the added fear of western gunpowder bring to the table. The biggest issue is that there needs to be more of a technology transfer from China to whichever African countries they're dealing with. Definitely not a perfect arrangement.
before, africa had no real industrial base to work with.
Could you explain in more detail what that is?
yknow ocassionally doing some of the least bad stuff we do
I'm not even sure they're doing that either though to be fair, that seems to be the thing. The worst I've had is that they own 2 ports outside their borders... Both of which aren't debt traps and they constructed them themselves. It's obviously soft power projection but it's hard to feel bad about it? Nobody is getting a bad end of any deal.
High risk loans, not even debt traps, and the credit available with the least strings attached, its like a chinese marshall plan where its set to benefit china (although this may be more true in central asia)
That doesn't reflect what Yanis' experiences with dealing with them were when Greece was desperate and he was re-negotiating existing deals with the Chinese. They seem incredibly reasonable.
https://www.youtube.com/watch?v=PBgbYQ5QAM0
i think you may have misunderstood my comment
it aligns pretty closely with what im saying, loaning to greece is a high risk loan though lol
i think the marshall plan was good for western europe (yes obviously it worked to benefit the US too, but like China here the biggest benefit is elevating potential future allies/sphere of influence shit)