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The sheer amount of Chinese lending is startling. Not just India, Tibet China has 17 territorial disputes with its Beijing has increased its control of African commodities through strategic direct investment in oil fields, mines, and production facilities, as well as through resource-backed loans that call for in-kind payments of commodities. According to World Bank data analyzed by Statista. Its population is younger but more of them are unemployed or in extreme poverty. And, third, forecasters of global economic activity who are unaware of surges and stops of Chinese lending miss an important swing factor influencing aggregate global demand. It is beyond comprehension how come the West has remained indifferent and overlooked the sinister colonization model China is building in Africa. Despite efforts to resolve the issue through diplomacy, breakthroughs have proven elusive. China is now Africa's largest trade partner. These Africans spoke German, knew Germany, but rather than thanking Germans for being a different culture, they still blamed the Germans. Russia and China both seek to convert soft and hard power investments into political influence, strategic access, and military advantage. leaving Sri Lanka saddled with growing debts. wonders Anna Gelpern, a Georgetown law professor who was involved in an AidData study earlier this year examining Chinese development loan contracts. The details are given below: . Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites. How the West Is Helping Train China's Military. In about a third of the places surveyed, more educated people are also more likely to say that U.S. influence is getting weaker. How many World Bank loans or IMF loans have African nations defaulted on or better yet how many of these loans have been fully paid back without being refinanced by more WB or IMF loans? "If a borrower fails to repay its debt," says Brad Parks, Executive Director of AidData, "China can simply debit funds from [this] account without having to collect on bad debt through a judicial process.".