Contrary to the capitalist ideologues’ diffusion that projects under the Belt and Road Initiative (BRI) are driven by China’s grand vision to expand its global footprint and influence on the governments of other countries,
Chinese effort to put up a broader multipolar international governance system and cooperation in infrastructure development is stoking fears within the US
n order to blunt China’s and salvage America’s image, US Secretary of State Anthony Blinken during his trip to Africa accused China of overburdening the countries with “crushing debts”.
Yet revelations from the UK-based campaigner Debt Justice — that Africans governments owe three times more debt to western banks, asset managers and oil trade than China and are charged double the interest — debunks the narrative being pushed by the US directly or through the parasitic states G7, competing each other for influence in Africa to suck...
Tim Jones, Head of Policy at international debt charity, called it a “distraction”
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