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The Peter Zeihan Podcast Series cover image

What Are China and Russia Doing in Africa? || Peter Zeihan

The Peter Zeihan Podcast Series

NOTE

Beware of Free Promises

Chinese investments in Africa often come disguised as 'free' infrastructure projects under the One Belt, One Road initiative. Initially, these projects are presented without upfront costs, enticing local agreements. However, the reality shifts when China demands repayment, revealing these projects as loans rather than gifts. This has led to local disappointment, as many initiatives were unnecessary or unsustainable, ultimately resulting in neglected infrastructure when payments became unavoidable. The significant waste of resources highlights the pitfalls of such financial dealings.

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