China is spending money they really don’t have on places with a track record of taking money and then giving the middle finger to those that gave the money. Africa, South America, etc.
IMHO It won’t end well for the Chinese.
Shortly after African nations became independent the Peoples Republic of China began a serious effort to curry favor there. The PRC spent billions on African infrastructure while opening their schools to African students. The public works petered out, and African students found that the Chinese were even more prejudiced than their colonial masters, and that they in fact were unwelcome in China.
The PRC is now much wealthier, but other than that little has changed.