Friday, April 19, 2024

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Africa

Africa and the Chinese Debt Trap

The Chinese government certainly has provided a considerable push to the industrialization of Africa but now that that’s done, economic forces are moving the initiative further forward. Chinese small business is gripping the continent. Much of the western world is ignoring the prospects of the continent—ignoring that business in Africa can now be as profitable as a business in China was when its period of tremendous growth began. Right now, Africa is establishing itself as the source of labour and resources for China and so, until the west pays attention, Africa will continue to fall in the debt trap of China.

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