Im scared for the countries getting caught in Chinas debt trap. With maintenance contracts being forced (for more than 90 years!), billions in outstanding loans in each country there is no way to climb out the hole. Everyone can see these extravaganza projects are not what Africa needs, but what China wants.
this post was submitted on 12 Jul 2023
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There is no China debt trap. That's just concern trolling western trolls invented
- https://www.theatlantic.com/international/archive/2021/02/china-debt-trap-diplomacy/617953/
- https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3745021
- https://www.eurasiareview.com/01022021-chinese-investment-in-africa-has-had-significant-and-persistently-positive-long-term-effects-despite-controversy/
- https://theconversation.com/china-and-africa-ethiopia-case-study-debunks-investment-myths-177098
- https://blogs.lse.ac.uk/gild/2021/01/26/how-chinese-investment-shape-new-growth-patterns-in-africa/
- https://www.asiafinancial.com/china-debt-trap-claims-in-africa-stem-from-us-rivalry-study
- https://www.sabcnews.com/sabcnews/chinas-infrastructure-investment-helps-fast-track-development-in-africa-expert/
I like how you ignored the part in which chinese companies force the governments to sign 90+ year maintenance contracts. Convenient as it isnt part of the loan, just part of the bribery.
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Does Africa need full high speed rail now? Can it get away with designating the corridors, designing the geometry, and then designing cheaper rail? I feel like going straight to high speed, especially if it is mainly for freight connectivity, isn't worth it.
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