© 2018 Bloomberg Finance LPChina wants everything from Africa: its strategic location, its oil, its rare earth metals, and its fish, leaving African nations indebted to Beijing. China wants to use Africa as a location to secure maritime roads (and the OBOR projects) thatfacilitate Chinese exports, as evidenced by Beijing’s large military presence in Djibouti. The trouble is that “these investments help to bind countries to China politically, and through debt obligations,” explains Bauman. Xiaomeng Lu, China practice lead at Access Partnership, a global public policy consultancy for the tech sector, raises a more fundamental problem with Chinese investments. “China’s investments are being rolled out in a somewhat awkward, if not controversial fashion,” she observes.

Source: Forbes May 04, 2019 13:41 UTC