Unbelievably short sighted, everything's wrong with it.
Just some countries experiences of China's funding infrastructure projects,
Rapid increase in Public Debt, lack of transparency & corruption, little care paid to environmental issues, use of poor quality materials resulting in infrastructure projects going awry & failing, countries saddled with staggeringly high interest rates, loans restructured with further loans resulting in debt cycles, loss of sovereignty, the list goes on.
If we would be so gullible you can't blame China for exploiting our stupidity.
Here's some worthwhile reading, also the section on related topic.
https://central.asia-news.com/en_GB/.../17/feature-01