this post was submitted on 12 Jul 2023
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Ok even though your query seems condescending I will assume it is in good faith. so when the IMF makes a loan they require 'structural adjustment' of the country borrowing money. In other words push down wages and privatize any state owned social services. This is common knowledge and there is a wealth of information available on this topic.
China is approaching the 'belt and road' lending program differently, focusing on a 'win win' for lender and borrower. That's why they are so popular in the global south. Again tons of data including world bank analysis saying they need to change the lending model to compete.
I hope you can get access to a wider swath of data because there is so much propaganda in western media it's almond impossible to parse.
The west isn't the good guy but you're nuts if you think China isn't sucking Africa dry.
I just watched a documentary recently (I will genuinely try to find it again and link here if I can) where Native African workers were being put out of business by China in their own country. China is mining for rare Earth metals using Chinese workers and trapping a lot of these countries in debts they won't be able to pay back. Once I saw it coming from the mouths of Native Africans, I knew it wasn't propaganda from either side. Straight to the source - people who live there and see it every day. They start out very grateful for China's assistance and then later on realize the trap they are in.
Here is some other info: https://apnews.com/article/china-debt-banking-loans-financial-developing-countries-collapse-8df6f9fac3e1e758d0e6d8d5dfbd3ed6
There's plenty of info of African leaders thanking China approach in Africa. African leaders are not dumb , if China offers a better credit card and infrastructure plans than some western countries they will choose that. Yes, it's that simple.