As I noted above, the African continent accounts for more than half of the global constellation of BRI recipient countries. This points to the fact that through the BRI, China is laser-focused on trying to shape Africa’s economic development. It is the debt financing terms between the African governments and the Chinese government that are seen as particularly egregious. It is bad enough that China’s entities, which are government-owned, not private, entities, do not disclose the terms of their lending to African countries. The proof of that is becoming clearer everyday: Mr. Xi is beginning to finance more of BRI projects as grants rather than loans.

Source: Forbes October 31, 2020 23:26 UTC