China, Tanzania and Zambia sign initial agreement on key railway project - CNA
China, Tanzania and Zambia sign initial agreement on key railway project - CNA
BEIJING: China, Tanzania and Zambia signed an initial agreement on a railway project aimed at improving the rail-sea intermodal transportation network in East Africa, Chinese state media said on Wednesday (Sep 4). President Xi Jinping witnessed the signing of the memorandum of understanding on a Tan...
cross-posted from: https://lemm.ee/post/41400491
More rail infrastructure in Africa is great news!
For everyone commenting about debt traps, from an African perspective both Western debt and Chinese debt (or any type of debt) favor the creditors but Chinese loans are relatively advantages because
(1) they tend to focus on infrastructure that the respective countries can use to their advantage as opposed to the WB or IMF loans which promote neoliberalism that has never worked in Africa (or really any other place) and push Africa in a position to only be able to provide raw materials and never be able to switch to value added products.
(2) They push other richer countries interested in African to invest more if they want to compete with China. The US for example has made plans to invest in African infrastructure to compete with China:
(3) If the debtor countries default on the loan or want to renegotiate, China (at least so far) doesn't use its intelligence agencies and military agencies to destabilize your country or force regime change
Finally, a sane LW user. The amount of projection from westerners in this thread is ridiculous.
They're not going to like it when China tells them it's payback time.
Tanzania and Zambia about to join the "going to find out about Chinese colonialism the hard way" club. Corruption is cancer to any society.
Earlier this year, the World Bank approved US$270 million in financing to help improve connectivity between neighbours Tanzania and Zambia and boost regional trade.
I’d love for the west to say “fuck it let China foot the bill for everything going forward” and pull out leaving the 3rd world to be used and abused by them.
Chinese colonialism doesn’t get the press it deserves because no one cares about brown people being the victims. And China has zero fucks about human rights at home.
The projection is crazy, China isn't Europe lmao
Are they gonna be made of chinesium so they self destruct in around 5 years?
Did you get here from the ’90s in a time machine?
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