Summary: my thoughts on China’s loans to various African countries: I’m ok with it. (This in particular is in response to a news article that said that “China would take over Nigeria’s assets if they default on loans”).
“Chinese regions compared to countries of similar GDP per capita.”
Similar growth patterns in areas of China as Nigeria. I imagine loan structuring is similar. China knows what its doing but so does Nigeria. Nigeria _could_ step up.
It’s a measured gamble, just as US citizens are with credit cards and home loans.
It’s the risk that comes with desiring a speedy growth. Consequence may be a 99 year use of a port or an electric company for China in Nigeria, but remember that port and that electric company *is* serving the Nigerian people.
Given the similarities in economies between areas of China and Nigeria, I don’t think this is at all the same as British colonialism.