The acquisition of African countries by the world's underground financial institution AIIB is China's national strategy.

2021-11-08 Category:China

Photo by 颜邯 (licensed under CC BY-SA 4.0)

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National strategy by AIIB

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.

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Will Ethiopia's default be the end of African investment? Debt trap derived from One Belt, One Road. 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. 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? 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. 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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Communism that views capitalists as enemies

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.