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Opinion

The Dark Side of Chinese Investments and Loans to the Developing World (1)

The Dark Side of Chinese Investments and Loans to the Developing World (1)
Chinese Foreign Minister Wang Yi addresses a press conference during the Forum on China-Africa Cooperation in Beijing, on Sept. 5, 2024. Greg Baker/AFP via Getty Images
Panos Mourdoukoutas
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Commentary

China has been a building contractor and creditor all over the developing world in recent years. From Southeast Asia to Africa and Latin America, the world’s second-largest economy invests heavily in infrastructure projects. State-owned construction companies build roads, railroads, and ports, financed with loans from state-owned banks.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”