China wins majority of mega projects in Africa despite fear

China wins majority of mega projects in Africa despite fear of debt-trap diplomacy


China wins majority of mega projects in Africa despite fear of debt-trap diplomacy
ANI |
Updated: May 17, 2021 19:46 IST
Beijing [China], May 17 (ANI): Despite accusations of debt-trap diplomacy by Beijing, Chinese companies are winning a majority of mega projects in Africa and account for a large chunk of the revenue of all the major international contractors in the continent.
Chinese construction and engineering contractors "have attained a dominant position in the African market" and were winning larger-scale or technically more demanding projects, which domestic contractors could not do, said Hong Zhang, a researcher at the Schar School of Policy and Government at George Mason University in West Virginia, as quoted by the South China Morning Post (SCMP).

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