debt colonization

Coronavirus Gives China a Belt and Road Investment Boom

Chinese Foreign Minister Wang Yi insisted Monday that China’s Belt and Road Initiative (BRI), an international infrastructure program criticized as debt-fueled imperialism by the U.S. government, is doing better than ever after the coronavirus pandemic.

Chinese Foreign Minister Wang Yi addresses the 74th session of the United Nations General Assembly, Friday, Sept. 27, 2019, at the United Nations headquarters. (AP Photo/Kevin Hagen).

Kenya Drowning in Chinese Debt but President Kenyatta Wants More

China’s debt colonization of Africa is well underway, as one African nation after another takes out gigantic loans from Chinese banks to build infrastructure projects that appear financially unsustainable. Kenya is one of the most heavily indebted countries, but President Uhuru Kenyatta is on his way to Beijing for a summit at which he will reaffirm his commitment to the Belt and Road initiative.

Trump to host Kenyan leader Kenyatta at White House on Aug 27