The geopolitics of debt in Africa - ROAPE
▻https://roape.net/2023/04/18/the-geopolitics-of-debt-in-africa
Massive exposure of some African economies to Chinese-owned debt is making it difficult for Beijing to sustain official narratives that suggest equality with African countries. Tim Zajontz, Ricardo Reboredo and Pádraig Carmody show that the response of the Chinese government to political “backlashes” over debt has been to emphasise alternative vectors of engagement with the continent. The deepening African debt crisis is directly linked to inter-capitalist competition at the expense of the working people of the continent.