How aggressive is China in its economic and foreign policy, and what are the reasons?

China is very fast growing country and it is second largest economy in the world. Currently China is biggest exporter of products in the world, it is $ 2100 billon. This is dream of china to be superpower and can dominate the world more on there are hundreds of Chinese act which indicate that how China is hungry to dominate the world.

China has huge strategy for it, it was started two decade back to lure the poor country such as Srilanka, Nepal, Pakistan, Angola etc. China lend about $1.5 trillion in direct loans and trade credits to more than 150 countries around the globe. This has turned China into the world’s largest official creditor — surpassing traditional, official lenders such as the World Bank and IMF. Now Chinese loan exceeding more than 5% of global GDP

The majority of China’s low-income borrowers are in Africa, where China made its first loan to Guinea in 1960. Today China accounts for about 17 percent of African debt according to the World Bank. Chinese loans – worth $152 billion — extended to 49 African governments and their state-owned companies between 2000 and 2018.

Oil-rich Angola accounts for $43 billion in signed loans — nearly 30 percent of the total for Africa. A signed agreement with a Chinese lender is not the same as a debt, however. For example, as of 2017, China had agreed to lend Nigeria $ 5.3 billion for transport, IT, and power projects, but had release just $2.5 billion. Furthermore, our figures do not account for repayments. Angola has repaid at least $16.7 billion of its Chinese loans.

Furthermore, calls for “China” to provide debt relief overlook the fact that there are now multiple Chinese lenders. I found more than 30 Chinese banks and companies loaning money to African governments.

While there is no evidence of asset seizures in Africa, or indeed, anywhere among Chinese borrowers in debt difficulties. In the much misunderstood case of Hambantota Port in Srilanks , a newly elected government facing a balance of payments crisis that was not Chinese in origin privatized its Chinese-financed port to a Chinese investor in 2017.

Former Prime Minister Ranil Wickremesinghe in 2017 changed the terms, saying it would be difficult to pay the loans taken to build the project. Srilanka Prime Minister agreed to lease the port for 99 years to a venture led by China Merchants Port Holdings Co. in return for $1.1 billion. That helped ease the Chinese part of the debt burden raised to build the port, Wickremesinghe said in an interview in 2018.