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    Mittlerweile schicken afrikanische Staaten mehr Geld nach China, als sie an neuen Krediten erhalten

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    1. dce42 on

      >China’s role as a leading financier to developing nations has ‌shifted over the past decade, with new loans to poorer countries falling sharply while debt repayments continue to rise, according to analysis released by ONE Data

      Duh! That’s how loans can hamper development of what is been spent upon doesn’t produce revenue in excess of the loan.

    2. _9a_ on

      Isn’t that just what a loan with interest is? You pay more than you borrowed?

    3. Semi_Accomplished on

      Yup and China ain’t forgiving any of these loans anytime soon…

    4. Juckli on

      This was China’s plan all along! It’s part of their asymmetrical warfare tactics. They want the loans to be hardly payable so that they can offer the strugglin nations to pay the loans by giving China parts of their crucial infrastructure or harbours that are geopolitically relevant.

    5. OptiPath on

      “Mortgage holders now send more money to bank than they receive in new mortgages”

      What is the news?

    7. ElectricChocoDad on

      That has to be both the dumbest and most disingenuous headline I’ve seen…that’s how loans fucking work! If they didn’t have interest in principle no one would give out loans

    8. marlinspike on

      Africa has some of the fastest growing economies of the world today. I don’t think we should see them as the nations they used to be in 1980s, but the ones that are aspiring to build robust infrastructure and economies. It’s totally normal for them to be taking loans and paying them back, and they’re doing so now with fast growing economies, which is something they didn’t have 50 years ago.

      This is not all bad news. It’s more mature nations taking and paying loans. Now they have growth to show for it. Good for them.

    9. SeniorPuddykin on

      The only nation willing to build in Africa (for selfish or noble reasons) and we all shit on them for “debt trapping”. The alternative would’ve been the status quo, dead poor without any infrastructure.

      I’m not concluding it to be good or bad but to do nothing to help and then criticize anybody who does anything is some first world bs by us.

    14. Loose_Skill6641 on

      that’s usually how loans work, you pay more than you borrow

      what it does mean is that the honey moon is over and China isnt handing out money so easy anymore, they were very happy until they realised they won’t be paid for much of the debt

      its just a revolving credit door for these guys : first they borrow money from the US, then they can’t pay so they ask Russia for money, then they can’t pay ao they ask China for money, now they can’t pay, who will be next to foolishly give them money? India??

    18. Inevitable_Butthole on

      Everyone’s saying duh

      But there was no certainty that they’d be able to pay it back. It means china is helping African nations to become more succesful and therefore ability to pay

    21. wodat234 on

      Africa is sending more money to China than it is receiving. This is just the debt trap consequences.

      The West have been warning the Africans about the Chinese debt trap for years, but African governments were either too corrupt or too stupid to understand. Now this is the consequence.

    22. TehMasterer01 on

      Reading through these comments, people don’t understand that this isn’t just African countries going out and getting a normal loan.

      This is chinas belt and road initiative. They make offers that poor countries can’t refuse (they desperately need infrastructure), and the loan terms are impossible by design.

      It’s predatory on Chinas part. They will own these airports, rail terminals, and ports when the loans inevitably default.

    23. Prestigious_Task7175 on

      Well makes sense, Chinese loans to Africa have been less in recent years too and nothing close to those of less than a decade ago, so it makes 100% sense that more money now goes to China than the other way around.

      It’s also good news that African nations are able to pay the loans, were many doubters had expected that by now Africans would be paying with literal territory and free raw materials.

    24. Otherwise-Green3067 on

      What?!?! You mean all of those predatory loans were …. PREDATORY!!!

      That’s not true, China is benevolent in their desire to help Africa. They would never charge loans that countries could not realistically pay back. Never /s

    26. yomamasbull on

      africa sends more money to the us than it receives in loans and infrastructure deals lol

    27. FrontPreference6623 on

      I guess the point it may’ve been trying to convey is that it is a positive that Africa is now generating the capital needed to repay the loans.

      Of course, whether the capital is positively generated or not is another story, if its not because of booming economies but getting unsustainably extracted (perhaps via resources) to repay the loans as there is no other choice, then its probably not good.

    28. very_bad_advice on

      dude – other than the first year, i’ve been sending more money to the bank than i’ve received from them for my mortgage!

    29. yermommy on

      This is an inflection point. They are producing more than they need to borrow to get their economic output going. Everybody saying “yeah duh that’s how loans work” is missing the entire point.

    30. Both-Manufacturer419 on

      China lends badly to Africa, while Europe and the United States lend to Africa well 👍

    32. Exotic-Screen-9204 on

      That always was the objective. „Ther ain’t no free lunch.“

      Nobody really wants balanced trade. Inflows of surpluses are desired.

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