Analysis shows that China is burdening poor African countries with debt while taking collateral in the form of natural resources. Through ''debt trap diplomacy,'' China has become the single largest shareholder of African resources and infrastructure.
As someone from one of the countries trapped, yes there is.
Taking an IMF loan meant austerity and more concessions to international corporations. Shitty, but it’s on the label.
What the Chinese loan means we will not know for at least a few decades because all of it is classified. All we know that there is massive corruption going around.