Will Ethiopia's default be the end of African investment? Debt trap derived from One Belt, One Road.
2024-01-13
Category:China
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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.
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[related article]
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.
Will Foreign Minister Wang Yi and Foreign Minister Lavrov enter a new era by promising cooperation in various fields?
Lavrov, who is visiting China on the 30th, held talks with Chinese Foreign Minister Wang Yi.Foreign Minister Wang Yi said, "The will of both sides to develop bilateral relations will become stronger and the belief to promote cooperation in various fields will become stronger."Foreign Minister Lavrov responded by saying, "We will continue to develop our relations with China steadily."
In addition, Chinese state media wrote that we have no restrictions on cooperation between China and Russia on Twitter,there are no restrictions on peace, security and opposition to hegemony.
During the invasion of Ukraine, it was confirmed that China was aiming to develop relations with Russia.It can be interpreted as , which includes military field, among the cooperation in various fields that Wang Yi said.If any security cooperation is established between Russia and China, China's invasion of Taiwan will become a reality.In this case, the United States, like Ukraine, is likely not to defend Taiwan.At least the current Biden administration is likely to abandon Taiwan easily if China and Russia become a barrier.
Does this mean that China has taken the lead in building relations with Russia while there is no clue to improving relations with the United States?In the first place, the U.S.-China relationship began with the aim of bringing China to the U.S. camp in Asia and putting pressure on the Soviet Union during the Cold War.President Nixon's surprise visit to China will be followed by normalization of diplomatic relations between Japan and China.The United Nations recognized the People's Republic of China as China's representative government, and the Republic of China (Taiwan) withdrew from the United Nations.If China were to join the Russian camp this time, it would be a self-evident result that the opposite effect, or the movement to pressure the liberal camp, would intensify.Nevertheless, it is hard to imagine that the United States and other liberal countries will bring China back by improving relations with China.China may not have been the card to deal with.
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.
Can China's encirclement aim to divide China? - Cut off tax revenue for the increasingly obese Chinese Communist Party.
What is the population of China
Revival of the issue of national self-determination
Can China's autonomous regions become independent
China creates its own concept of ethnicity and promotes Hanization policy
The Uighur issue spreads to other autonomous regions
China became a Jain nation
China's weakness is its large territory
If Japan, the US, and Europe do not create a network of encirclement of China and seal it off, it will be a disaster
China is said to have a population of 1.4 billion, but the actual population is around 90 million. 90 million people is the number of Communist Party members. Isn't it possible to think of the other 1.3 billion people as workers ruled by the Chinese Communist Party, rather than citizens, assuming democratic values?
The definition of the right to national self-determination has once again become a theme. Russia's invasion of Ukraine also uses this idea as a shield. Going back in time, the Nazis also began invading neighboring countries under the pretext of protecting Germans. On the other hand, it also functioned as the right of Asian countries to become independent from colonial rule, and under international law, independence from colonial rule was an exercise of the legitimate right to self-determination.
China has various autonomous regions, all of which are inhabited by different ethnic groups. Uighur, Tibet, Inner Mongolia Autonomous Region, etc. During a question session in the Japanese Diet about the right to self-determination for the Uyghur Autonomous Region, former Prime Minister Koizumi was ambiguous as to whether the right to self-determination advocated by the United Nations included the right to independence (within a non-colonial state). It cites examples such as the UN's adoption of Palestine's right to independence.
In other words, since this is what China is afraid of, it is eager to implement the Hanification policy. Han people have no relation to bloodline, and have established their own ethnic definition that if you accept Chinese style, culture, and customs, you are a Han ethnic group. On top of that, it is said that they are forcibly brainwashing the Uyghurs, calling them educational facilities.
If the Uighurs were to take up arms and exercise their right to self-determination and start a war of independence, international public opinion would once again be influenced by the United Nations' definition of the right to self-determination. Depending on the outcome, there is a strong possibility that this will spread to Tibet, Inner Mongolia, Zhuang, and other areas. If you add the population of China's autonomous regions, it will be about 100 million people. However, this ethnic area is also an important resource area for China. What would happen if they left? Taiwan is difficult here. It is difficult to say that Taiwan is a separate ethnic group from China.
At the same time, China is causing border problems in all directions. You can do whatever you want in the Spratly Islands. However, the other side of the coin is that China is completely surrounded by surrounding countries and regions that are frustrated with the Chinese Communist Party. The only reason why the surrounding areas are in suspense is because of the threat of China's 1.4 billion people. No. China has 90 million people. What would happen if you thought about it?.
China's military would be weakened if it was dispersed over a wide area. What would happen if other surrounding areas also started border disputes in the event of a Taiwanese emergency? Taiwan is no fun if it only defends Taiwan. Taiwan should take control of Fujian Province. This is to create a buffer zone. The Spratly Islands should be controlled together with the Philippines and Vietnam. Then, they should conquer Yunnan Province and liberate the Zhuang Autonomous Region. This is to create a buffer zone. India will control Kashmir. And we should take control of Sichuan Province. What will happen if Uighurs and Tibet go into a war of independence?
I would like Japan to work with the United States to engage in strategic diplomacy to seriously create a network of encirclement of China. The Chinese Communist Party is a monster that controls 1.3 billion people and siphons off tax revenue. The country receives 13 times more tax revenue than a country with 100 million people and 26 times more than a country with 50 million people, making it bloated. Where in the world is there a political party with 90 million people?
They simply refer to their area of control as a nation; they call it internal affairs. If a conflict were to start in all directions in the surrounding areas, the 1.3 billion people would have no independence in the first place and would be scattered and rendered powerless. The only way to seal this monster away is to divide the country and cut off tax revenue.