Posted by MuttsInvestor > 2021-07-04 16:00 | Report Abuse

"WIN - WIN" ... For Both CHINA and AFRICA !!

Posted by Starship2 > 2021-07-05 14:12 | Report Abuse

I feel this write-up would have been more complete if he mentioned a bit about the "debt-trap" some of the countries involved are ensnared in and having to give up their development projects, lands and sovereignity...I am sure KYY knows that it is not a bed of roses for the countries on the receiving end..

Posted by stockraider > 2021-07-05 14:16 | Report Abuse

Lucky they owe money to china and not usa or IMF loh...!!

China is a kind big brother...they can always help smaller countries mah!

Posted by Beltland > 2021-07-05 15:00 | Report Abuse

Debt Trap ? You had been brainwash by the western media blindly !If your definition is logic then all the Malaysians who take loan from bank to buy house are Debt Trap by bankers when they cannot service bank loan ?
When China completed the road and bridge buildings ,the village farmers be able to sell their products at better price and thus increase their income.
The country revenue increases since more product can be exported which lead to creation of more job in the market.
Having more revenue flow into government financial system and not be able to settle the loan payment is term "Mismanagement" of government Cabinet Ministers not Debt Trap !!!
Borrow money from bank to expand your business and at the end of the days cannot settle bank borrowing is termed default borrower because the bank gave out money but uncapable businessman mismanagement the business therefore must face default penalty action !!!
China lend out money at super low interest rate and with the borrowed money to build infrastructure for Africa is a helping business deal !!

WIN WIN DEAL

Posted by lawrencecwyen > 2021-07-05 15:44 | Report Abuse

Well said, Betland. No free lunch. Everybody must work, sacrifice and contribute something, if want to survive and strive. Even animals have to fight and work to survive! You just cannot pray and do nothing and hope the lord will provide.

Posted by qqq3333 > 2021-07-05 15:52 | Report Abuse

some always get brain washed by westerners.

but according to facts, of the more than 200 projects that faced repayment problems, all the projects were restructured with only one changed from debt to equity.

meaning the Chinese are far more willing to listen willing to renegotiate compared to western bankers.