Follow CGSP on Social Media

Listen to the CGSP Podcast

Don’t Worry Africa… China Isn’t Going to Seize Your Assets, But They’re Also Not Going to Forgive Your Debts

Uganda's Entebbe International Airport that was incorrectly reported to be subject to seizure by China due to debt default. KATUMBA BADRU SULTAN / AFP

There is a sense of anxiety over Chinese debt in several African countries and beyond. From Zambia to Kenya, Uganda, and now even in the small Balkan country of Montenegro. Repeated assurances from China and borrowing countries that the debt situation is under control aren’t quelling these fears.  As the discussion about the threats posed by Chinese loans lingers large, lessons from these countries suggest that the public should be less concerned about asset seizures and more about their own leaders’ accountability and the economic consequences of irresponsible borrowing.

Sri Lanka and Malaysia have been cited as examples of China’s “debt-trap diplomacy”. Yet in both countries, these allegations have been proven to be fictitious. Despite the emerging consensus among many scholars and analysts that indeed “China’s debt trap” is a myth due to lack of any credible evidence, anxieties about Chinese debt continues to be sparked by media reports and social media memes that insist that assets have, in fact, been seized in several countries.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.