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.
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.
The Last Emperor who appeared at the Tokyo Trials The last emperor of the Qing Dynasty and the first emperor of Manchukuo looked at the times.
The Last Emperor appeared at the Tokyo Trial
The Xinhai Revolution was a Chinese revolution supported by Japan
A revolution that had no choice but to join forces with the old dynasty forces
Russia's hand extended to the continent and peninsula
The idea of harmony between the five tribes of Manchukuo
The last emperor of the Qing Dynasty was Aixinjueluo Puyi. He was also called the Last Emperor and appeared at the Tokyo Trials. There, in front of GHQ, he praised Sun Yat-sen's Xinhai Revolution as an innovative move for China, and said that the Qing bureaucracies at the time were deeply corrupt.
The Xinhai Revolution was a Sino-Japanese joint revolution that was supported by important Japanese figures to modernize China under the rule of the former dynasty. Sun Yat-sen is Sun Yat-sen. Nakayama is a Japanese name, and it was the name of his time in exile in Japan. Puyi understood this very well.
Manchuria was a territory of the Qing Dynasty that Russia came to take over. The Qing Dynasty was a Chinese dynasty founded by the Manchu people, that is, by Puyi's ancestors.
The Xinhai Revolution had to rely on Yuan Shikai's help to suppress the Beiyang warlords, and it cannot be denied that it was a half-hearted revolution, so Puyi's conditions of residence in the Forbidden City were revoked and he was exiled.
The conflict between Russia's interests in Manchuria and the conflict on the Korean Peninsula progressed simultaneously. Russia thought it would be a good idea to colonize China, the Korean Peninsula, and Japan in the same way as Northeast Asian nations.
The Russo-Japanese War not only stopped the Russian colonization of the Korean Peninsula, but also eliminated Russian interests from Manchuria and led to the establishment of Manchukuo. Puyi then became the first emperor of Manchukuo.
Puyi, a Manchurian, was expelled from the Forbidden City and ascended the throne again in his homeland. Many workers came and went from the Korean peninsula to Manchuria, and many people from the Korean peninsula immigrated to cultivate the fertile land of Manchuria. Manchukuo's spirit of ``Five Tribes Harmony'' is an ideal that was built on the reality that these ethnic groups coexist: Japan, Korea, Manchuria, Mongolia, and the Han Chinese.
It is said that Japan was carrying out plunder and genocide on the Korean Peninsula. It's strange.
China's expansion policy is a historical necessity - Japan is the only neighboring country that did not listen.
Japan is probably the only East Asian country that has been not under Chinese control.Prince Shotoku's personal letter, "The Emperor of the rising Sun send a letter to you who is Emperor of the sun set ". declared that Japan was not a subordinate country to China.The Huns, Sun Fei, Khitan, Yeojin, Manchuria, and Mongolia were a threat to the Han nationality, and the era of the 16th Kingdom of the Five Kingdoms was a time when many ethnic groups owned the country.The Sunbae people established the Sui and Tang dynasties, the Nujin and the Manchurians established the Qing dynasties during the King Jin dynasties.
Originally, China was conscious of the northern and western continents.In order to guard against foreign invasion, the capital was relocated from Xi'an to Beijing and the Great Wall was built.The Korean Peninsula has not shown its willingness to invade China.Although it was a subordinate country, it maintained its ethnic area as a country.Unlike nomads in the northern part of the peninsula, they settled down.Due to the small area of flat land and the lack of agricultural technology, the land is poor and the number of slaves is large.When the nomadic people eat up, they just move to the next place.At the opening ceremony of the Beijing Olympics, the video of foreigners praising China was the essence of China, and as a result of conquest, China now exists.
The identity of China itself in history was to conquest Asia.
Mongolia, which unified the northern peoples in the past, invaded China and established a Yuan dynasties.This is the time when China's expansionary policy is the most important.To the north, the Duchy of Novgorod and other major Russian states were under control, and to the west, Poland was attacked three times.As a result, Poland became a ruined country, although it originally withdrew its troops.During this period, the Goryeo dynasties collapsed on the Korean Peninsula and returned to their original rule.
Aggression to Japan was carried out as part of Yuan's expansionary policy.As a result, the Yuan army was destroyed and Japan maintained its independence after two attacks.Historically, China has a strong belief that Asian countries are under Chinese rule.This is because China was unified by conquering Asia.Only Japan is different.China has never beaten Japan in history.
Japan is a rare country that repelled this during China's expansion and defended its independence against Western colonialism.
His Majesty the Emperor's visit to China was greeted with a warm welcome - his visit to South Korea has not yet materialized.
Former General Secretary Deng Xiaoping, who came to Japan in 1978, became the first leader of the People's Republic of China to meet with the Emperor.Since then, the Emperor's visit to China has been the long-cherished wish of the Communist Party of China.After the death of Emperor Showa, the Tiananmen Incident occurred from Perestroika to the end of the Cold War.It was the Emperor's visit to China in 1992 amid China's worldwide isolation and international criticism.Foreign Minister Michio Watanabe, who accompanied him, asked Shanghai Vice Mayor Zhao Qizheng, "If many people go out on the street, will there be people throwing eggs at them?" Zhao replied, "That's not going to happen."On the contrary, there were many lines along the road, and the Emperor waved to each and every one of them and the train marched.
The countries where the 125th Emperor visited during his reign.
1991 Thailand, Malaysia, Indonesia
1992 China
1993 Belgium, Italy, Germany, Vatican
1994 United States, France, Spain, Germany
1997 Brazil, Argentina, Luxembourg, United States
1998 England, Denmark, Poland
2000 Netherlands, Sweden, Switzerland, Finland
2002 Poland, Hungary, Czech Republic, Austria
2005 Norway, Ireland, Saipan Island
2006 Singapore, Thailand, Malaysia, Thailand
2007 Sweden, Estonia, Latvia, Lithuania, United Kingdom
2009 Canada, Hawaii
2012 United Kingdom
2013 India
2015 Palau
2016 Philippines
2017 Vietnam, Thailand
Even if there is diplomatic relations between countries, if you think about what true diplomatic relations are for Japan, which has the Emperor, your visit can be one of the criteria for friendly relations.
His Majesty's visit to South Korea has not been realized.It goes without saying why.A fierce war with China resulted in many deaths on both sides.There are still many concerns, but at least the two countries have a long history.It is undeniable that both sides have overcome the problem and are moving forward little by little.
Is Japan-South Korea relations an extension of history?The friendly relationship between Korea and Japan, based on the fiction of a false history, collapsed with the advent of Moon Jae In.If anti-Japanese sentiment has declined due to his absence, what time should we return?
China's feelings toward Japan seem to be moving forward and backward, but it is clear that the two countries are completely different compared to China and Korea.
