It’s more nuanced than that. They lend, sure, but the terms often involve them flying in their own labor force from the mainland to do the building - with Chinese materials of course - meaning they have basically no skin in the game. Then, when the host country defaults on its obligations the PRC owns the infrastructure they built, and leverage their largesse to hold onto the infrastructure until it makes sense, or incorporate it into new plans. The southern port in Sri Lanka, Hambatonta. [1]
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“John Adams said infamously that a way to subjugate a country is through either the sword or debt. China has chosen the latter,” said Brahma Chellaney, an analyst who often advises the Indian government and is affiliated with the Center for Policy Research, a think tank in New Delhi.
I work with some UN and Bretton Woods institutions lending money to Africa and I can tell you that IMF/WB are also lending us money. They take "your hard earned savings" and come in here and invest her so that they can make future profits and grow the saving funds. If USA give you his money, as head of state you need to understand that it is not for the joy of it but that money need to yield interest or you will be toppled. This is not your money, it's American Savings! China is doing the same, just blatantly and with the bashing for the west.
> “John Adams said infamously that a way to subjugate a country is through either the sword or debt. China has chosen the latter,” said Brahma Chellaney, an analyst who often advises the Indian government and is affiliated with the Center for Policy Research, a think tank in New Delhi.
Careful not to underestimate the PRC.
[1] https://www.nytimes.com/2018/06/25/world/asia/china-sri-lank...