Answer:
Many analysts contend that China has become the new face of neocolonialism in Africa, having loaned tens of billions of dollars to the continent’s governments while knowing that in all likelihood, many of those debts will never be repaid. Beijing proceeded on the presumption that its access to Africa’s markets, enhanced influence, and ability to exploit the continent’s rich deposits of natural resources would compensate it for any unpaid loans. Chinese investment in Africa has a long history, dating back to the Ming Dynasty, but it was not until the late 20th Century when China pursued what is now commonly referred to as “debt trap diplomacy” in order to have its way with Africa.
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