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.
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Korea has the largest ODA per population.China Appreciates Japan's Economic Aid
According to Japan's Ministry of Foreign Affairs, ODA to China totaled about 3.9 trillion yen from 1979 to 2016.More than 60% of China's foreign aid is from Japan.Shanghai Pudong International Airport, Beijing Capital International Airport, Lanzhou, Wuhan, and Xi'an airports were also built with Japanese aid.In addition, 5,200 kilometers of railways, Beijing sewage treatment plants, Sino-Japanese Friendship Hospital, Beijing Subway, Chongqing Railway, and major ports have been built and expanded.
Since the 2000s, JICA has been training more than 15,000 managers and HIDA has been training more than 22,000.Former General Secretary Deng Xiaoping and former General Secretary Hu Jintao officially thanked each other.Recently, Deputy Spokesman Hua Chunying thanked Japan, saying, "Japan's ODA has contributed greatly to China's reform and opening-up and economic development," adding, "We will discuss new cooperative relations with Japan."
Although there are territorial issues in Sino-Japanese relations, the Chinese government officially acknowledges that Japan has contributed greatly to China's development.
The amount of ODA to South Korea is 650.2 billion yen, but the total value of $500 million, including free financial cooperation and private cooperation, is said to be 2-3 trillion yen.Compared to China, South Korea has the most aid in terms of ODA costs per population.
Japan apologized to South Korea several times during the annexation of South Korea and Japan, but South Korea did not remember.I don't think Japan remembers being thanked by South Korea, but this is more true.On the contrary, after the end of ODA program for South Korea in 1990, the problem of recruiting workers and Japanese Military comfort woman grew.Is it just my imagination that they seem to have started after end of ODA.
Since the end of ODA to South Korea, the anti-Japanese movement in South Korea has become popular.Is this a coincidence?
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.
China's reaction to Taiwan's presidential election remains unchanged - authoritarian country claims it does not reflect the will of the people.
Looking at the tone of Chinese commentary, there are some that simply report the facts about the results of the Taiwanese election, and some that express dissatisfaction with Japan's congratulations to the winner of the Taiwanese presidential election, but overall they are not widely covered. The reason I don't think he is there is probably because Xi Jinping's state of mind is immeasurable. Xinhua News Agency introduced statements by Chen Binhua, a spokesperson for the Taiwan Affairs Office of the State Council, which is in charge of Taiwan policy in China.
“The results of these two elections in Taiwan show that the Democratic Progressive Party does not represent mainstream public opinion in Taiwan.Taiwan is China's Taiwan.This election reflects the basic pattern of cross-strait relations. The direction of development cannot be changed, the compatriots on both sides of the Taiwan Strait cannot change the common desire to become closer and closer, and the general tendency for the motherland to ultimately maintain relations between the two countries You can't stop it. It will be unified, and it will inevitably be unified."
"Our position on resolving the Taiwan issue and achieving national reunification is consistent and our will is unwavering. We will firmly uphold the 1992 Consensus, which embodies the principle of one China. , resolutely opposes secessionist actions for "Taiwan independence" and interference by outside forces, and cooperates with relevant Taiwanese political parties, organizations, and people from all walks of life to promote mutual exchange. - Deepen cross-Strait exchanges and cooperation, deepen cross-Strait integrated development, jointly promote Chinese culture, promote the peaceful development of cross-Strait relations, and promote the great cause of national reunification. ”
This is the same spokesperson who said last year that ``Taiwan independence would mean war.'' Judging from this statement, the contents of this time are just long-winded, there is no change, and there is nothing new. Both one tone and two tone look lowered. Even if you claim that you do not represent mainstream public opinion, isn't your country a dictatorship with no regard for public opinion or the will of the people? President Xi Jinping was probably not chosen by the will of the people. China seems unable to hide its turmoil.
China puts aside domestic environmental issues and bans imports from Fukushima.
I was wondering why the average life expectancy of the Chinese people is so short.China is the birthplace of traditional Chinese medicine and is a country that practices the same principle of medicine and food, but why is there a difference of nearly 7 to 8 years with Japan? There used to be a difference of about 10 years. I thought it was because Chinese cuisine basically uses a lot of oil, but that alone doesn't explain it.
There was a story that when an air dosimeter was used to measure air dosimetry in an apartment in Shanghai, it was 976 times as high as in Tokyo.However, since radioactivity from land comes from mineral resources, it is important to note that radioactivity from land is emitted from mineral resources, so it is important to note that radioactivity from land is emitted from mineral resources. The higher the radiation dose, the higher the radiation dose. Plutonium is extracted from uranium ore, and there are many other ores that contain high amounts of radioactive materials in nature.
It has long been known that rare metals made in China are traded internationally at low prices because China does not provide the various health considerations and guarantees that each country naturally takes into account. This is natural since this is a country where there is no sense of human rights. Radioactive materials are generated from rare metals during the mining process. As a result of not paying attention to the miners, radioactive materials flow into the river.
The fine aggregate, or fine sand, used in things like concrete is finely ground by river currents. Nuclear power plants in inland China use river water for cooling water, but it is said that nuclear power plant accidents occur frequently, and since it is a country like that, even if an accident occurs, it is naturally covered up.
As a result, we do not know what is contained in the building materials of condominiums. It is understandable that radioactivity levels were detected in Shanghai crabs taken downstream of the river.
Japan should always talk from a scientific perspective, and if the Chinese had a scientific perspective, would they realize that their country is already in a dire situation? If you still don't notice 30 years from now...
Xi Jinping's New Year's greeting contained the will to unify Taiwan. Before the New Year, President Xi Jinping announced the 2022 New Year's greetings through the China Media Group and the Internet. Xinhuanet reported.
President Xi said, "Looking back on this year, it was of extraordinary significance. We experienced a major event with a milestone in the history of the Chinese Communist Party and the nation. The history of the" Two Centenaries "struggle goal. We have started a new path of full-scale construction of a modernized socialist nation, and we are moving strongly and proudly on the path of to realize the great reconstruction of the Chinese people. "
"On July 1st, we celebrated the 100th anniversary of the founding of the Chinese Communist Party. If we keep our original intentions in mind, we will surely get results. Only by doing it properly, it is possible to go against history, against the times, and against the expectations of the people. "
President Xi said, "My country has consistently cared about the prosperity and stability of the Hong Kong and Macau districts. Only when we work together and work together to ensure a stable" one country, two systems ". It can be carried out in the long term. Achievement of complete unification of the homeland is a common wish of the people of both banks . I sincerely look forward to creating a wonderful future for the people. "
"When communicating over the phone with foreign leaders and heads of international organizations and holding video conferences, they made many contributions to China's fight against the new coronavirus and to prevent and curb the world's corona. At present, China has provided a total of more than 120 countries and international organizations with 2 billion doses of the new coronavirus vaccine. Only when countries around the world work together to overcome difficulties and unite and cooperate will humanity be destined. You can write a new chapter in community building. "
President Xi said, "In a little more than a month, the Beijing Winter Olympics and Paralympics will begin. Encouraging more people to participate in winter sports is also the essence of the Olympic Movement. We do our best to do our best. We dedicate a grand Olympic Games to the world. The world has high expectations for China, and China is already ready. "
Quoted article: People's Network Japanese version
