More actions
The edit can be undone. Please check the comparison below to verify that this is what you want to do, and then publish the changes below to finish undoing the edit.
Latest revision | Your text | ||
Line 438: | Line 438: | ||
China is often accused of being an "imperialist" state, due primarily to its investments in [[Africa]], as part of the Belt and Road Initiative. These critics ignore the actual views of the African people themselves, who overwhelmingly approve of China's role in their economic development.<ref>{{Web citation|title=Africans approve of China, says Afrobarometer|publisher=Deutsche Welle|date=2016|url=https://www.dw.com/en/africans-approve-of-china-says-afrobarometer/a-36214106}}</ref> In addition, the extent of Chinese involvement in Africa is smaller than often believed; according to a 2019 paper from the Center for Economic Policy Research, "China’s influence in Africa is much smaller than is generally believed, though its engagement on the continent is increasing. Chinese investment in Africa, while less extensive than often assumed, has the potential to generate jobs and development on the continent."<ref>{{Citation|title=Chinese investment in Africa: How much do we know?|author=Deborah Brautigam, Xinshen Diao, Margaret McMillan, Jed Silver|publisher=Private Enterprise Development in Low Income Countries|title-url=https://pedl.cepr.org/publications/chinese-investment-africa-how-much-do-we-know-0|series=Policy Insight Series|pdf=https://pedl.cepr.org/sites/default/files/PEDL%20Policy%20Insights%20Series%20-%20No.3_0.pdf}}</ref> | China is often accused of being an "imperialist" state, due primarily to its investments in [[Africa]], as part of the Belt and Road Initiative. These critics ignore the actual views of the African people themselves, who overwhelmingly approve of China's role in their economic development.<ref>{{Web citation|title=Africans approve of China, says Afrobarometer|publisher=Deutsche Welle|date=2016|url=https://www.dw.com/en/africans-approve-of-china-says-afrobarometer/a-36214106}}</ref> In addition, the extent of Chinese involvement in Africa is smaller than often believed; according to a 2019 paper from the Center for Economic Policy Research, "China’s influence in Africa is much smaller than is generally believed, though its engagement on the continent is increasing. Chinese investment in Africa, while less extensive than often assumed, has the potential to generate jobs and development on the continent."<ref>{{Citation|title=Chinese investment in Africa: How much do we know?|author=Deborah Brautigam, Xinshen Diao, Margaret McMillan, Jed Silver|publisher=Private Enterprise Development in Low Income Countries|title-url=https://pedl.cepr.org/publications/chinese-investment-africa-how-much-do-we-know-0|series=Policy Insight Series|pdf=https://pedl.cepr.org/sites/default/files/PEDL%20Policy%20Insights%20Series%20-%20No.3_0.pdf}}</ref> | ||
A 2018 study in the ''Review of Development Finance'' also found that Chinese investment in Africa raises incomes in the African nations that receive the investment, in a similar way to foreign investments by other nations. The author state that these results "suggest that the win-win deal China claims when investing in Africa may hold, and Chinese investment contributes to growth in Africa. Put differently, Chinese investment is mutually beneficial for both China and Africa."<ref>{{Citation|title=On the importance of Chinese investment in Africa.|year=2018|author=Ficawoyi Donou-Adonsou, Sokchea Lim|publisher=Review of Development Finance|doi=10.1016/j.rdf.2018.05.003}}</ref> | |||
Despite the Western media accusing China of "debt trap diplomacy," China gives loans at low interest rates and often allows countries to restructure or even never repay loans, unlike the [[Neocolonialism|neocolonial]] [[International Monetary Fund|IMF]].<ref name=":9">{{Web citation|author=Amanda Yee|newspaper=[[Liberation News]]|title=Why Chinese ‘debt trap diplomacy’ is a lie|date=2022-12-19|url=https://www.liberationnews.org/why-chinese-debt-trap-diplomacy-is-a-lie/|archive-url=https://web.archive.org/web/20221220062314/https://www.liberationnews.org/why-chinese-debt-trap-diplomacy-is-a-lie/|archive-date=2022-12-20|retrieved=2022-12-23}}</ref> China has forgiven tens of billions of dollars of debt held by African countries.<ref>{{Web citation|author=Shang Guan Jie Wen|newspaper=China and the New World|title=China Forgives Tens of Billions of Dollars in Debt for Africa|date=2022-02-23|url=https://chinaandthenewworld.wordpress.com/2022/02/23/china-forgives-debt-in-africa-in-massive-amounts/|archive-url=https://web.archiRemove.org/web/20220223061528/https://chinaandthenewworld.wordpress.com/2022/02/23/china-forgives-debt-in-africa-in-massive-amounts/|archive-date=2022-02-23|retrieved=2022-05-10}}</ref> It has also forgiven 23 interest-free loans to 17 different countries.<ref name=":9" /> | Despite the Western media accusing China of "debt trap diplomacy," China gives loans at low interest rates and often allows countries to restructure or even never repay loans, unlike the [[Neocolonialism|neocolonial]] [[International Monetary Fund|IMF]].<ref name=":9">{{Web citation|author=Amanda Yee|newspaper=[[Liberation News]]|title=Why Chinese ‘debt trap diplomacy’ is a lie|date=2022-12-19|url=https://www.liberationnews.org/why-chinese-debt-trap-diplomacy-is-a-lie/|archive-url=https://web.archive.org/web/20221220062314/https://www.liberationnews.org/why-chinese-debt-trap-diplomacy-is-a-lie/|archive-date=2022-12-20|retrieved=2022-12-23}}</ref> China has forgiven tens of billions of dollars of debt held by African countries.<ref>{{Web citation|author=Shang Guan Jie Wen|newspaper=China and the New World|title=China Forgives Tens of Billions of Dollars in Debt for Africa|date=2022-02-23|url=https://chinaandthenewworld.wordpress.com/2022/02/23/china-forgives-debt-in-africa-in-massive-amounts/|archive-url=https://web.archiRemove.org/web/20220223061528/https://chinaandthenewworld.wordpress.com/2022/02/23/china-forgives-debt-in-africa-in-massive-amounts/|archive-date=2022-02-23|retrieved=2022-05-10}}</ref> It has also forgiven 23 interest-free loans to 17 different countries.<ref name=":9" /> |