German media: Beijing knows what Africa is more than the European Union

The German "Munich Embassy" article on August 10, original title: China is repeatedly mentioned that China is pushing Africa into the "debt trap" between the so -called "debt trap" and huge investment, but does this really exist? Several studies in recent months have questioned this too simple narrative.

The so -called "Chinese debt trap" is actually a myth that the US Trump administration promotes. In a joint study, Harry Felhfen of the University of Oxford and the University of Columbia analyzed the debt of African countries in a joint study. Although China is the largest bilateral loan country in Africa, the first is the debt of Western private lenders in the African continent. Studies have shown that as of the end of 2019, the debt of government owed Chinese enterprises in the southern African countries in Sahara accounted for only 8%of the region's total debt. A study published by the British "debt justice" in early July found that only about 12%of Africa's foreign debt comes from China's loan, and the debt owed to Western private lenders is about three times that of the former -35%.

As funds flow from China to Africa, the African continent hopes to advance its infrastructure construction. Many roads and railways in Africa were built in the colonial era, and countries have no longer managed since independence. In the 1950s and 1960s, although the World Bank and the International Monetary Fund provided financial support for African infrastructure projects, most projects soon did not have a shadow. Even so, China has involved. For example, in the 1970s, China has invested in the construction of railways from Tanzania to Zambia, with a total length of more than 1,800 kilometers. The railway is still one of the main railways of Tanzan.

The most important thing is that the efficiency and speed of Chinese companies' infrastructure projects in Africa make the African continent passion for China. According to a research results released by the Kenyan Think Tank "Regional Economic Network" (Iren) and Germany Friedrich Naiman Foundation at the end of July, China is building a real benefit to the African continent. Essence Beijing knows what Africa needs better than the European Union.

The White House intends to expand its cooperation with southern African countries in Sahara to reduce the influence of China and Russia in Africa. The European Union also recognizes that Africa should not be "given to" the Chinese. The European Union proposed the "Global Portal" plan last year, but it has not yet flowed to Africa by 1 Euro

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