Will China's "Debt Diplomacy" Backfire?

Will China's "Debt Diplomacy" Backfire?
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Authored by Tim Daiss via Oilprice.com,

Angola, Africa's second largest oil producer, has ramped up its financial ties with Beijing, but perhaps to its own detriment, The country's state newspaper Jornal de Angola said on Wednesday that the country had secured $2 billion in Chinese funding from the China Development Bank for infrastructure projects. Angolan President João Lourenco secured the financing during his first visit to Beijing, the report added.

Details of the deal were not released, according to various media outlets. A Reuters report said on ....

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