China’s financing of overseas projects has disproportionately benefited the core political supporters of incumbent presidents or prime ministers of those countries that receive the funds, according to a new book. During the 20th century, China was mostly known as a recipient of international development finance. Its overseas development programme was modest – roughly on a par with that of Denmark. But over the course of one generation, as Beijing emerged as the world’s second-largest economy, its footprint began to extend far beyond its borders – often in the form of…
Tag: Sierra Leone
Illegal overfishing by Chinese trawlers leaves Sierra Leone locals ‘starving’
Along Tombo’s crumbling waterfront, dozens of hand-painted wooden boats are arriving in the blistering midday sun with the day’s catch for the scrum of the market in one of Sierra Leone’s largest fishing ports. In a scrap of shade at the bustling dock, Joseph Fofana, a 36-year-old fisherman, is repairing a torn net. Fofana says he earns about 50,000 leone (£3.30) for a brutal, 14-hour day at sea, crammed in with 20 men, all paying the owner for use of his vessel. “This is the only job we can do,”…