Debt Trap? Nah, We’re Too Disorganized For Anything Like That Says China’s Chargé d’Affaires in Nigeria

China’s Chargé d’Affaires in the embassy in Nigeria, Zhao Yong, provided an uncharacteristically frank rebuttal last week to the persistent accusations that Beijing is engaged in predatory lending in Nigeria and Africa writ large.

In typical fashion, Zhao blamed the U.S. for fueling the assertion that China is intentionally burdening developing countries with unsustainable levels of debt, so it can later seize strategic assets when those countries invariably default on those loans.

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by Eric Olander

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