Bondholders a Bigger Worry in Africa Than China Debt Traps – SCMP

 

A new study has pointed out that the China debt trap narrative in Africa is a construct of US-China strategic rivalry more than a reflection of realities on the ground, the South China Morning Post reported, citing a study by Harry Verhoeven from the Centre on Global Energy Policy at Columbia University, and Nicolas Lippolis from the department of politics and international relations at the University of Oxford.

China is the continent’s biggest bilateral creditor but most debt is due to private Western holders of African debt, according to the “Politics by Default: China and the Global Governance of African Debt” report, which takes aim at allegations that Beijing engages in ‘debt-trap diplomacy’ in Africa.

Read the full report: The South China Morning Post.

 

 

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