Article 3 September 1, 2022

The future of Egyptian debts to China

Modern Diplomacy, August 25, 2022 By Dr.Nadia Helmy

“There has been a lot of talk and controversy recently, about exchanging debts owed to China for $8 billion with Egyptian strategic assets from ports and airports. Which may not be well understood by some, and given my specialization in Chinese affairs, I tried to analyze the Chinese debts and lending mechanisms to Egypt and the other African countries, in order to understand the Chinese viewpoint in this regard, as follows: 

There is no evidence to support fears that China is using its debt to control the strategic assets of debtor countries. But on the other hand, China recently recorded its direct participation in the ownership of projects, by acquiring a share of the shares in them.”

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