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Chinese Lending Poses “Serious Danger” to Poor Countries Warns German Chancellor

by Eric Olander
Germany's Chancellor Olaf Scholz arrives for the first day of a special meeting of the European Council at The European Council Building in Brussels on May 30, 2022. Kenzo TRIBOUILLARD / AFP

German Chancellor Olaf Scholz became the latest Western leader to warn about the purported systemic risks to the global economy posed by Chinese lending to developing countries. 

Chancellor Scholz addressed the issue at an event in Stuttgart on Friday in response to a comment that Europe had stood by while China built large-scale infrastructure across Africa which had also led to a sizable increase in Beijing’s influence on the continent:

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