China set to potentially take Kenya's largest port from defaulted loans..

[Secure Da Bag]

who, like exact posters, are the people yall are subbing who claimed the chinese were doing "good" in these african countries?

I'd like to see names and quotes as well.

Because saying "chinese loans are good for Africa" is not the same as "the Chinese are doing good in Africa".

 

[dora_da_destroyer]

I'd like to see names and quotes as well.

Because saying "chinese loans are good for Africa" is not the same as "the Chinese are doing good in Africa".

i think both are naive statements and would like to know who thought either was a positive.

 

[Pure Water]

Just as planned.

 

[88m3]

usual suspects moving goal posts and other characters hiding

 

[T'krm]

who, like exact posters, are the people yall are subbing who claimed the chinese were doing "good" in these african countries? i refuse to believe people are that dumb

i really do feel bad that up and down the african continent, black countries have been fukked by various outsiders for 6-700 years now.

You'd be surprised..

I'd like to see names and quotes as well.

Because saying "chinese loans are good for Africa" is not the same as "the Chinese are doing good in Africa".

How is that any different, exactly?

 

[Red Shield]

African countries need options, particularly when the West isn’t interested in investing in infrastructure. It’s on African politicians to leverage the best deal possible. As always, it’s Africa’s leadership deficit that hurts it the most.

I also don’t think there’s a long-term goal for the Chinese to exercise direct administrative control, as the most hyperbolic claims argue.

All there is to it... kenya and zambia's leadership being dumb asses is on them

 

[Tommy Knocks]

Should this be a wakeup for African leaders

To stop stealing? Yes.

How exactly is the Chinese looking out for Africa?

Because unlike S.A, these African countries are not in control of how their resources are processed

Nah but kenya is one of the few in control of their processing. Some is horribly wrong here. They've been providing oil as well if im not mistaking. my homie is a petroleum engineer there. he even speaks chinese. Imma need to hit him up about this

 

[Nintendough]

I thought China was doing it for the love, per half of HL

 

[thatrapsfan]

i think both are naive statements and would like to know who thought either was a positive.

It’s not a naive statement to make the argument that major infrastructure projects are a net positive for Africa.

 

[thatrapsfan]

A counterpoint to the hyperbole. China may be the biggest state lender, but African countries access borrow far more through international capital markets and the World Bank than any single state. Examples like Zambia are the exception and not the norm.


“In 2018 alone, African countries have sold $18.3bn-worth of euro and dollar-denominated debt. The frequency of bond issuances has also increased. As a result, about 70 per cent of Africa’s foreign debt is denominated in dollars or euros. While some analysts link rising debt levels with lending by China, Chinese liabilities in fact accounts for less than 10 per cent of Africa’s total external debt.”


That figure doesn’t suggest that China is on the verge of re-colonizing the continent through loans ( this is without considering there is zero indication the Chinese are interested in excercising direct administrative control anywhere)

I also think discussing African politics and politicians as though it’s leaders are helpless and worthy of pity low key reproduces colonial tropes on its own

 

[Secure Da Bag]

i think both are naive statements and would like to know who thought either was a positive.

You'd be surprised..

How is that any different, exactly?

China gives low interest loans, with generous time to pay it back. These loans have been given as early as 2010. This is good for African nations. They can build infrastructure and put their people to work. Explain how this is bad or naive.

 

[dora_da_destroyer]

It’s not a naive statement to make the argument that major infrastructure projects are a net positive for Africa.

Don’t skip over the major contingency being Chinese loans for that infrastructure...no one would argue that infrastructure alone is a bad thing, but making a deal with the devil for it clearly isn’t a good look.

 

[dora_da_destroyer]

China gives low interest loans, with generous time to pay it back. These loans have been given as early as 2010. This is good for African nations. They can build infrastructure and put their people to work. Explain how this is bad or naive.

Because Africa has dealt with centuries of people “doing good” only to take control of their resources. Furthermore the treatment of Africans by Chinese in their nations is poor, and the Chinese bring over their own poor laborers, therefore severely limiting the pool of jobs for locals.

 

[T'krm]

China gives low interest loans, with generous time to pay it back. These loans have been given as early as 2010. This is good for African nations. They can build infrastructure and put their people to work. Explain how this is bad or naive.

'Low interest loans' that balloon exponentially when defaulted placing other things as collateral in jeopardy?
These practices are similar to good ole sub prime lending...entice the borrower w/good faith, fixed loan repayments, while knowing damn well they'll be inconsistent -fully count on inability to keep up with the payments, further keeping them in a cycle of debt.

Because Africa has dealt with centuries of people “doing good” only to tak control of their resources. Furthermore the treatment of African by Chinese in their nations is poor, and the Chinese bring over their own poor laborers, therefore severely limiting the poor of jobs for locals.

Exactly. Not only are the Chinese swindlers who look to take advantage of anyone's weakness, or oversight, they are notorious cheap skates and penny-pinchers that will do whatever to save a dollar, even if that means faulty manufacturing.

 

[Serious]

A lot of hidden gems in this clip. I advise everyone to set aside 10 minutes of undivided attention and learn from this piff.