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Venezuela and the Chinese Debt Crisis in Africa

Even before the current economic crisis brought on by the COVID-19 pandemic there were widespread concerns about Chinese lending practices in Africa. The U.S. and other critics contend that Beijing is employing a predatory lending strategy where it intentionally loads up poor countries with unsustainable amounts of debt. When they invariably can’t repay those loans, China swoops in to seize assets.

While this so-called “debt trap” theory remains very popular, there’s simply no evidence to support the assertion according to scholars who’ve looked into thousands of Chinese loan deals around the world.

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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.