Djibouti, April 11 -- : The relationship between Djibouti and China is a case study on how Beijing is using its global infrastructure investment strategy, the Belt and Road Initiative, to aggrandise its economic influence and strengthen its position as the top investor in Africa.
The present scenario, however, illustrates the limitations of China's vast investment and loans project as it is drying up, reported France24.
In accepting vast inflows of Chinese capital and loans, Djibouti now finds itself in a situation of such economic dependence that it "risks threatening its autonomy", Sonia Le Gouriellec, a Horn of Africa specialist at the Catholic University of Lille, wrote in the Revue de Defense Nationale (National Defence Review).
Dji...