11 African countries are located in the list of 20 most indebted countries for China all over the world, receiving billions of dollars from the Chinese export and import bank.
China supports the African continent in meeting its needs, especially in the field of infrastructure, as it contributed to building departments and vital public facilities, such as roads, railways, and energy projects.
The Chinese debts of African countries raised the concerns of experts and observers, and they considered that they could constitute a dangerous trap of governments, as it could eventually resort to transferring the assets of the infrastructure to the Chinese government, due to the escalation of debt burdens.
According to data issued by World Bank In 2023, the country of Angola was at the top of the list of these countries, as its debt to China amounted to $ 17.8 billion.
After Angola, it came Ethiopia In the second place where its public debt for China reached 6.5 billion dollars, followed Egypt 6.3 billion dollars, Zambia and Kenya for $ 6 billion each, And South Africa The Cameroon also 3.5 billion dollars each, the Congo Brazzville $ 3.2 billion, and the Republic Democratic Congo $ 2.9 billion.
Outside the African continent, it is considered Pakistan The highest debt for China, with a lending of $ 22.5 billion, followed by Argentina with 21.2 billion.
China is the most appropriate for African countries
In clarifications to Anatolia Agency, the lecturer at Koch University said in Istanbul Altay Alali China – In the framework of the Belt and Road Initiative launched in 2013- its banks are financing the project, while its companies are implementing on the ground, adding that the institutions in China have become tools for foreign policy.
Altai pointed out that China provides itself as the most appropriate country to meet the needs of Africa, and offers better offers and faster projects, and unlike Western countries, it does not impose political conditions, criteria or other additional requirements in order to obtain loans.
The economic analyst stressed the need to take caution and caution, noting that no Chinese company will pump investments for profit only, but also to serve the state’s public policy.
Atlai explained that these countries burdened with debts have real needs in the field of infrastructure, which explains that more than half of the city of China is located in the continent of Africa.