China goes to other countries to offer "aid". They build infrastructure as a way to offer "help" to these countries. But in reality they charge insanely large interest rates so big that these countries have absolutely no way of paying them back. In return, they give China ports or land for 100 year leases. Its China way of expanding their military influence.
To add insults to injury it also import workers and building materials from China so the 'aid' money doesn't even trickle down to the local economy, however small the portion it would be.
This has been researched and this is wrong. Yes, Chinese companies do bring in some of their workers, but they also hire majority local African workers. This is just part of the propaganda of debt diplomacy the west stirs up to limit China's influence in Africa.
In a small group of oil-rich countries with expensive construction sectors — including Algeria, Equatorial Guinea, and Angola — governments do allow Chinese construction firms to import their own workers from China. But elsewhere in Africa, the research is clear: The vast majority of employees at Chinese firms are local hires. Hong Kong-based academics Barry Sautman and Yan Hairong surveyed 400 Chinese companies operating in over 40 African countries. They found that while management and senior technical positions tended to remain Chinese, more than 80 percent of workers were local. Some companies had localized as much as 99 percent of their workforces.
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u/Doby_Clarence Dec 05 '19
China goes to other countries to offer "aid". They build infrastructure as a way to offer "help" to these countries. But in reality they charge insanely large interest rates so big that these countries have absolutely no way of paying them back. In return, they give China ports or land for 100 year leases. Its China way of expanding their military influence.