Bloomberg’s Got It Wrong, Say China’s Supporters in Africa: Without Chinese Loans, the Situation Would Be Even Worse

University of Cape Town professor, Carlos Lopes, was among the first today to post a rebuttal to the Bloomberg China-Africa debt article. Professor Lopes expressed frustration that the article only focused on the negative aspects of China’s lending practices on the continent and appeared to overlook the critical point that had African countries borrowed from private capital markets instead, it would have been much more expensive.

Similarly, Georgetown University Assistant Professor George Opalo echoed Lopes’s sentiments when he tweeted:

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by Eric Olander

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