Rex Tillerson, the former secretary of state, told African leaders before being sacked to “carefully consider the terms” of agreements with Chinese lenders, and to take care “not to forfeit sovereignty”. Photo: EPA
Opinion
Opinion
Outside In
Tillerson’s final warning on Belt and Road financing only proves China’s influence on the rise
Tillerson’s warning that countries taking on too much debt to finance infrastructure projects as part of the Belt and Road Initiative could endanger their economies can only be seen as a distraction from the debt overhang that still haunts the global economy 10 years on from the financial crisis
Rex Tillerson, the former secretary of state, told African leaders before being sacked to “carefully consider the terms” of agreements with Chinese lenders, and to take care “not to forfeit sovereignty”. Photo: EPA