The Belt and Road Initiative (BRI) mobilizes Chinese construction and investment in developing countries. Ethiopia is Africa's “model” BRI country, due to China's elaborate infrastructure financing and building and its many manufacturing enterprises. Based on field and documentary research, we examine the BRI's meaning, as understood from the perspective of Ethiopia, in comparison to many China-oriented studies. We find that it is an informal Chinese state promise that even when capital flows from China to non-BRI states are curbed, flows to BRI states will be encouraged, and that Ethiopia exercises agency in leveraging the BRI for its development agenda. Using a comprehensive data set, we show that Chinese investment has become even more important in Ethiopia with the BRI and that neither COVID-19 nor Ethiopia's civil war has reversed that trend. We also discuss local criticisms of Chinese activities, which challenge the wholly positive view of the BRI, but do not affirm the US-generated negative narrative.

By shedding light on the concept of the fangnu (mortgage slave), this paper explains why young men from China migrate to Ethiopia. Young, educated, employed and ambitious, the fangnu is a modern type of slave who is said to have sold his freedom to the bank for the purpose of buying a house. For young men coming from a rural background, temporary migration offers a chance to earn the money so badly needed for a down payment or repayments on mortgage loans for their newly bought residential property. I argue that the fangnu is the child of a Chinese society characterized by high social mobility as well as a growing demographic imbalance owing to the one-child policy. In this context, a house – or in urban China, commonly an apartment in a high-rise building – is increasingly seen as a marker of status, especially in the marriage market. Although the Chinese do not demand a bride price, the hunfang (marriage house) has become the norm in urban Chinese society. Unable to rely on the financial support of their kin, young Chinese men from the countryside migrate to earn the starting capital needed to cope with the socio-economic pressures of settling in the city.