Will Ethiopia's default be the end of African investment? Debt trap derived from One Belt, One Road.
2024-01-13
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ethiopian default
China's One Belt, One Road initiative is set to go even further down the road after Africa's Ethiopia defaulted on the ２nd, unable to pay interest on its debt due in December. The countries circled on the map in the image are the countries where China is primarily investing. Ethiopia, which defaulted this time, is marked in red. One Belt, One Road is a route south to Italy in Europe, but Italy has announced its withdrawal from One Belt, One Road. This is the departure of the western base. Where is Kitaji's base? It is now Kiiv, the capital of Ukraine, which is currently at war.
One Belt, One Road debt trap
Yellow countries are those with excessive debt to China. Includes Sudan and Somalia. These are the countries along the Suez Sea, including Ethiopia, which follow the Suez Canal, and China was trying to gain control of the sea route to the Mediterranean Sea. The rationale is simple: once the One Belt, One Road project starts, we can make a lot of money, so why not borrow money and prepare?
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The acquisition of African countries by the world's underground financial institution AIIB is China's national strategy.
AIIB is the world's black finance. Lending money to developing countries to realize OBOR. They provide funds that cannot be repaid, and when they are unable to repay, they seize the country's ports and other facilities. If OBOR is realized, the countries in the area will become rich. That's why it's better to borrow more and more money.
With this financing, China bought up votes in the United Nations, including African countries.
Originally, the African continent was divided into two colonies, British and French, and the British Commonwealth and French Community held the vote in the United Nations, but what is the situation like now? OBOR is China's national takeover strategy.
Communism views capitalists and managers as enemies. Workers become subordinate to capital, and capitalists who acquire large amounts of capital become figures that shake up the nation. Therefore, Chinese companies are controlled by the state as state-owned or semi-state-owned.
In modern China, the state is the capitalist. They invest in domestic and international development in the name of investing in the region and the nation.
If you look at the fact that they are subjugating developing countries to capital, they are essentially no different from the capitalists they see as their enemies.
In fact, it's even worse.
road to south africa
South Africa has the highest GDP among African economies, and it can be seen that the countries on the land route to South Africa are also trying to keep it in check. Countries other than the ones circled account for ３６.９% of China's investments in Africa, so it is spreading money to almost all countries. The purpose is to buy votes from the United Nations. African countries account for approximately ２８.５% of the votes in the United Nations. This is what is behind China and the West, dismissing it as a minority opinion.
Related to the Taiwan Strait
This is actually related to the Taiwan Strait issue. Mainly African countries support China's "one China principle." Africa does not want to get into trouble with its creditor country, China, over a faraway island with which they do not have any exchanges.
If the countries along the Suez Sea default, the Belt and Road initiative will end for Africa.
I'm participating in the ranking.Please click and cheer for me.
The acquisition of African countries by the world's underground financial institution AIIB is China's national strategy.
AIIB is the world's black finance. Lending money to developing countries to realize OBOR. They provide funds that cannot be repaid, and when they are unable to repay, they seize the country's ports and other facilities. If OBOR is realized, the countries in the area will become rich. That's why it's better to borrow more and more money.
With this financing, China bought up votes in the United Nations, including African countries.
Originally, the African continent was divided into two colonies, British and French, and the British Commonwealth and French Community held the vote in the United Nations, but what is the situation like now? OBOR is China's national takeover strategy.
Communism views capitalists and managers as enemies. Workers become subordinate to capital, and capitalists who acquire large amounts of capital become figures that shake up the nation. Therefore, Chinese companies are controlled by the state as state-owned or semi-state-owned.
In modern China, the state is the capitalist. They invest in domestic and international development in the name of investing in the region and the nation.
If you look at the fact that they are subjugating developing countries to capital, they are essentially no different from the capitalists they see as their enemies.
In fact, it's even worse.
The Taiwanese emergency is a Senkaku emergency - Chinese military lieutenant general who did not deny the argument shifts responsibility by saying that it is up to Taiwan.
By the 9th, He Lei, former vice president (lieutenant general) of the Academy of Military Sciences, a Chinese military think tank, gave an exclusive interview to Kyodo News and clarified that he ``doesn't want war, but I'm not afraid of it'' regarding the Senkaku Islands in Okinawa Prefecture. Personally, I am concerned about this statement by the lieutenant general.When I asked him about the possibility of unifying Taiwan and seizing the Senkakus at the same time based on China's claim that the Senkakus are part of the "Taiwan Province," he replied, "It is not logical. If you do that, then yes,” he said without denying it.
Taiwan was the first to claim sovereignty over Uotsuri Island. Since Taiwan was in June 1971 and China was in September of the same year, it appears that China hastily raised its hand to the international community three months later. During this period, a dispute over the representative government was being held at the United Nations, and the United Nations Resolution on Albania was adopted in October 1971, which established the People's Republic of China as the representative government of China. In response to this, Japan established diplomatic relations with China in 1972, but it is said that there was an agreement to shelve the issue of the Senkaku Islands so that it would not become an issue by not making it an issue.
The graph shown shows the number of territorial sea violations by China, and it can be seen that there were almost no cases up until 2012. It began with the nationalization of the Senkaku Islands by the Noda administration in September 2012. In other words, China's reasoning is that Japan has made an issue that had been shelved. They argue that for this reason, China will also openly make territorial claims. Before that, it is Japanese territory in the first place.
The circumstances surrounding this nationalization by the Noda administration were so pathetic that they released the captain of a Chinese fishing boat that rammed the Japan Coast Guard for unknown reasons, and were unable to withstand public criticism. At the time, Governor Tanigaki argued that if he was going to be released, he should have just deported him on the spot instead of arresting him in the first place.
A statement by a lieutenant general from a Chinese military think tank places the Senkakus as Taiwan's responsibility. If the one country, two systems principle is followed, Senkaku will become Taiwan. Xi Jinping has repeatedly stated that Taiwan's independence is a trigger for an invasion of Taiwan.
The Taiwan emergency included the Senkaku issue within the Japan emergency, and there were many questions about how the Japan-U.S. Security Treaty would be activated if China publicly stated that it would maintain navigation through the Taiwan Strait and there was no attack on the Senkaku Islands. This time, China has publicly stated that the Senkaku Islands are part of it. In other words, the only objective is the small island of Senkaku, which is part of Taiwanese territory, and the question is whether the United States will participate in the war just for this island.
Now that China has made it clear that it will extend its reach to the Senkaku Islands in the event of a Taiwanese emergency, how will the Japanese government respond? Would you go and rent even 10 pandas? My thinking is almost the same as that student who yelled at the SEALDs meeting that I would drink alcohol and become better friends with him.
Both state capitalism and communism have failed in China - Unemployment rate continues to increase.
The reason why it's funny that the number of unemployed people in China is increasing is because China is a socialist and communist country. Communism rejects capitalists and defines them as the root cause of social evil that exploits people. The state confiscates the produced goods. In other words, the state controls businesses and other things that produce social benefits. Even land is not private property. The state distributes the income generated from this. Therefore, the governments of communist countries have tremendous power. Because there is only the nation and the people.
Capitalism has a completely different structure. Based on a free economy, free competition produces people who drop out and become unemployed. To prevent this, we will reduce the unemployment rate by increasing new employment. To achieve this, it is necessary to promote industry and develop new fields. Viewed in this way, both communism and capitalism have one thing in common: the economic policies carried out by the state boil down to employment policies. Companies seek sales, but the nation seeks to secure employment for all its citizens.
In that sense, communism operates from a system design that does not inherently create unemployment, whereas capitalist countries, on the other hand, have a system design that creates unemployment, and fill it with economic growth and employment policies. That's what it means.
So why is there so many unemployed people in China? In capitalist countries, when the economy is in decline, the only way to reduce the unemployment rate is to foster industry and increase employment, but communist countries must have a system designed and operated in which the state forcibly distributes goods.
In other words, the original distribution is not working. Or, vested interests have increased and they cannot control it, and communism is no longer possible. And as a result of continuing something like state capitalism, all of these things are failing.
Japan that supported the Xinhai Revolution, Japan that protected the Last Emperor, and China that followed the West.
China's history is 72 years
Xinhai Revolution was carried out with support from Japan
The Last Emperor who sent donations for the Great Kanto Earthquake
Japan protected the exiled Puyi
Did China follow Sun Yat-sen's will
It is said that China has a history of 4,000 years, but that would be wrong. The People's Republic of China was established in 1949, so it is now 72 years old. At least since the founding of the Republic of China, it has been China, and Xi Jinping said at the 110th anniversary commemoration of the Xinhai Revolution that it is the People's Republic of China that will inherit Sun Yat-sen's will, but it is still 110 years old.
It is correct to say that human history has existed in what is now China for 4,000 years. Mainland China is an area where different ethnic groups founded various countries and then disappeared.
Sun Yat-sen was a person who learned about Japanese society and the Meiji Restoration when he defected to Japan, and succeeded in the Xinhai Revolution. They were supported by Japan's Takeshi Inukai and Toten Miyazaki. Sun Yat-sen said, ``Japan's Restoration was the cause of the Chinese Revolution, and the Chinese Revolution was the result of Japan's Restoration,'' and ``The two were originally connected to achieve the restoration of East Asia.''
In that case, wouldn't it be Sun Yat-sen and his supporters from Japan that created the current China?
It was Japan that supported the Xinhai Revolution, and Sun Yat-sen also inherited Japan's hopes for the restoration of East Asia.
Aixinjue Luo Puyi was the last emperor of China, the Xuantong Emperor, and is the so-called Last Emperor. After the Xinhai Revolution, Puyi made living in the Forbidden City a condition of his abdication. When Japan was struck by the Great Kanto Earthquake, Puyi announced that he would send donations to Japan, including a large amount of jewelry from within the Forbidden City.
Afterwards, the Beijing Coup occurred and Puyi was expelled from the Forbidden City, but Japan protected him. He approached Kenkichi Yoshizawa for protection through donations. Puyi was then protected by the Japanese concession of Tianjin.
After Japan's Kwantung Army conquered the Manchuria region, Puyi became the first emperor of Manchukuo. Although Manchukuo existed as a puppet government of Japan, Puyi lived as emperor again until the Soviet Union entered the war.
When thinking about who inherited Sun Yat-sen's will, it is not the People's Republic of China, assuming Sun Yat-sen's words, ``The two are originally connected as one and will achieve the restoration of East Asia.'' That's clear. The Chinese Communist Party is an anti-Japanese force, and current China is an anti-Japanese nation.
And even though China is in Asia, has it not sided with the West in its efforts to colonize Asia?
China sided with the West in World War II. The Potsdam Declaration was jointly signed by the United States, Britain, and China.
What do the People's Liberation Army think of U.S. aircraft carriers and landing attack ships?
Since the inauguration of the Biden administration, the U.S. has not only put pressure on China to restrict support for Chinese companies, but has also frequently dispatched military aircraft and warships to China to provoke them.
According to the Global Times, the U.S. has deployed the aircraft carrier Carl Vinson, the landing attack ship Esax, and the U.S. landing attack ship U.S.aircraft carriers Lincoln and Reagan.The Ohio-class strategic nuclear submarine Nevada also made an unusual appearance at a U.S. naval base in Guam.
It is unusual for the U.S. to deploy so much military force around China, giving the impression of dignity.Professor Wei Jung-woo of the Center for American Research at Fudan University said in an interview, "The U.S. is sending strategic nuclear submarines and aircraft carrier warships to the Indo-Pacific region to demonstrate its "power" and exercise military deterrence."
The U.S. is not the only military power in the world, but the U.S. is wrong in targeting China.Defense Ministry spokesman Oh Gyeom explained at a regular briefing on January 27 that the PLA's military training in 2022, emphasizing the need to strengthen military training and strengthen enemy suppression training and maintain full-time standby.We will accelerate the integration of training and practice so that we can fight at any time."
The behind-the-scenes stories of "the front line of military struggle" and "fight the enemy and train " are clear.The Global Times quoted an analyst as saying, "There have been experts so far."Despite the fact that the PLA took advantage of the opportunity to train against foreign troops, many netizens still regard it as "respectful."However, it has been confirmed that the Liberation Army is "using foreign troops to train."The U.S. did not expect such provocations around China to be the best training partner for the Liberation Army.This is to make up for the lack of combat experience.The U.S. is really shooting itself in the leg.
It seems that the U.S. military is a practical training partner for the People's Liberation Army's lack of practical experience.I don't understand what it means.
