China Cancels 23 Loans to Africa Amid 'Debt Trap' Debate
Malaysia Sun-International·2022-08-26 05:07
JOHANNESBURG - A recent announcement by China that it is forgiving 23 loans for 17 African countries may be motivated by accusations of 'debt-trap diplomacy,' say some analysts.
Critics have long accused Beijing of practicing debt-trap diplomacy, suggesting it deliberately lends to countries that it knows cannot repay the money, thereby increasing its political leverage. China vehemently rejects this, alleging it's a way for the U.S. to discredit Beijing, Washington's main challenger in the quest for influence in Africa.
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Politics Africa
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