Africa Starts to Have Second Thoughts About That
Chinese Money
“In Africa, Beijing was eager to fill the vacuum left
when U.S. and European interest in the continent waned following the end of the
Cold War. Governments there were hungry for loans not tied to austerity
programs imposed by Western financial institutions, and China was quick to
approve credit, with scant concern about the money going to regimes accused of
corruption or human-rights violations”.