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• Cowbee@lemmy.ml ⁨2⁩ ⁨days⁩ ago

  This is pure projection.

  China is not debt trapping poor African nations. We can see that this isn’t the case when we can observe countries in BRI engaging in rapid development and industrializing, and this is confirmed by China forgiving tons of debt. The goal of China isn’t to make countries reliant on them, or to earn money from debt, it’s because China gains personally through mutual development. Here are some articles debunking the “debt trap” myth:

  • Five Imperialist Myths About China’s Role in Africa

  • China debt trap? PH an ‘expert in bad loans,’ Locsin says

  • Deborah Brautigam Debunks the Chinese Debt Trap Theory in New Research Paper

  • China’s Debt Relief for Africa: Emerging Deliberations

  There are many more examples I can use. China isn’t doing this out of the goodness of their own heart, but because they stand to gain from mutual development. A more developed global south means China is less reliant on the US Empire as a customer, provides new avenues to facilitate trade, and creates more markets for customers. The west harvests the global south for cheap labor and resources, and we can see hard comparisons in data between BRI participants and those imperialized by the west to see fundamentally different results.

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  • Resonosity@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    Don’t forget that China recently removed all tariffs from Africa. Meaning goods imported to China from Africa are comparatively cheaper than from other countries, which gives Africa a leg up in competition.

    bUt ChInA iS iMpErIaLiSt

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    • Cowbee@lemmy.ml ⁨2⁩ ⁨days⁩ ago

      Yep! I mentioned it elsewhere this thread. Removing tariffs from global south countries is a part of boosting consumption, which is one of China’s more important economic problems it needs to tackle moving forward. It’s a win-win, African countries get to export finished commodities to Chinese consumers, and Chinese consumers get more access to goods. This helps build up African industry while also improving the lives of Chinese people.

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    • ManixT@lemmy.world ⁨2⁩ ⁨days⁩ ago

      Are you saying that removing tariffs from trade with one region means you cannot otherwise be imperialist? That’s completely illogical.

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      • Resonosity@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

        Yes, liberal, please put words in my mouth and down my throat. It’s the only thing you know to do with American propaganda.

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  • Jmdatcs@lemmy.world ⁨2⁩ ⁨days⁩ ago

    They’re turning an entire continent into a sweatshop to feed their own greed and consumerism. They learned from the best! And they’re improving on it through the strength of single party central planning.

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    • Cowbee@lemmy.ml ⁨2⁩ ⁨days⁩ ago

      No, they are not. China’s consumption is actually too low, which is why the CPC is taking measures to address it and lower tariffs on other countries. This helps build independence and interconnection. You’re absurdly off-base to the point of fantasy.

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      • Jmdatcs@lemmy.world ⁨2⁩ ⁨days⁩ ago

        The measure they’re taking to address it is creating vassal states to turn into sweatshops.

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