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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What China wants to get is more than necessary.Taiwan called them as
Chinese culture is one where extravagance is a virtue. It is hospitality to provide more food than you can eat, and leaving some leftover food means that you are full, and conversely, eating all of it means that you didn't have enough food, which is a cultural difference. I'm surprised.
When Japan withdrew from the war and the Republic of China (KMT) came to Taiwan, it was expressed as ``the dogs left and the pigs came.'' The meaning is that dogs (in Japan) are noisy but protect the house. It means that the pig (KMT) will only eat up. It is said that Taiwanese received Japanese education during the Japanese colonial period, and were taught the concepts of moderation, restraint, and patience. This brought order to Taiwanese society and reduced crime. For Taiwanese people, the rule by the Chinese Nationalist Party must have seemed too contrasting.
When I was a student, I worked part-time at a karaoke pub in Shibuya, and Mr. Li, a Chinese man working in the kitchen, was often scolded by the manager for eating food from the kitchen. The rule for the food provided by the store was that you could eat as much white rice as you wanted, but Mr. Lee was eating a pile of white rice on a platter similar to curry rice.
He ended up secretly eating an apple in the bathroom, which got him fired. The reason for this was that apple cores clogged the toilet and caused a flood. At that time, China was still poor, and my Japanese part-time friend said that it was a pity to be fired because China was poor, but I thought that no matter how poor someone was, if they were full, they wouldn't eat any more.
The Chinese believe that there is no problem because pigs eat leftover food left over by humans, and humans then eat the pigs. In China, it is considered polite to leave much of a meal uneaten, which is why there is no sense of guilt. When China began economic growth, the problem of garbage became a problem. I remember that a large amount of leftover food became impossible to dispose of, and a female newscaster on a Chinese news program shouted, ``Even pigs can't eat any more garbage!'' I wonder if she is also making a mistake with this caster. Leftover food from restaurants in the city is not sent to pig farms.
What I'm trying to say is that in Chinese culture, you need more than you need to be satisfied. Satisfaction can only be achieved when you have all of them. This means that even in times of poverty, the idea of moderation and moderation did not develop as a culture. When I think about it, I get a chill down my spine as I wonder how much of what China currently wants to obtain.
What current China wants to gain from its expansion policy. It's not what you need, it's more than you need.
Chinese Foreign Ministry "China celebrates the election of President-elect Yoon Seok-yeol as South Korea's new president," a spokesman for China's Foreign Ministry said at a regular press conference on Tuesday. "We hope to promote healthy and stable development of bilateral relations with South Korea."
Contrary to the official stance, Chinese foreign policy experts are paying keen attention to what kind of policies Yoon will take when he mentioned China's strong opposition to the deployment of additional high-altitude missile defense systems and the quad.
Mainstream Chinese media, including Xinhua News Agency and CCTV, introduced Yoon's thoughts on "developing mutually respectful Korea-China relations," but the network of patriotic Internet media said that Yoon is considered "Korea's Trump." Chinese media "Peng Peng" said that President-elect Yoon is advocating strengthening the Korea-U.S. alliance, and introduced the analysis of Professor Wang Xiaok-ku of Jilin University that "Korea-China relations will face a relatively big challenge in the future."
Cha Hull, secretary general of the Center for International Public Opinion Research at the Chinese think tank, told the Dong-A Ilbo, "If Yoon joins the Quad, the relationship between Korea and China will deteriorate further than the THAAD situation." Cha said, "Third was a missile threat to North Korea, but Quad clearly intends to target China. If it is decided to join, China will impose strong sanctions such as restricting South Korean companies' access to the Chinese market and suspending trade." He also said, "With China set to form a new leadership at the 20th party convention this fall, the check on the public will be accepted as an attempt to obstruct and destroy it."
Former Global Times editor Hu Jintao pointed out on his social media that "Korea's trade with China is larger than the combined trade with the U.S., Japan and Europe," adding, "There is a possibility that Cheong Wa Dae will take a big step to reverse Korea-China relations."
Source of quotation:
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.
Will Xi Jinping's reform and opening-up policy continue to be revised in his third term? - There is no change in his ambition to unify Taiwan.
Xi Jinping's third term begins
Will the reform and opening-up policy continue to be revised?
Free industrial investment is essential for industrial growth
What is necessary to continue economic growth
No change in ambition to annex Taiwan
With the end of the Communist Party Congress and the start of Xi Jinping's third term, various reports have been made. Taken as a whole, it seems that the direction of revision of the reform and opening-up policy since Deng Xiaoping has been indicated. The results of Xi Jinping's economic policies are unclear in every sense, but it is clear that China's economy has grown due to the reform and opening-up path initiated by Deng Xiaoping, the partial introduction of market economic theory, and U.S.-China relations. Although Xi Jinping does not explicitly criticize these, what he is doing appears to be aiming for a return to the old style of Chinese socialism.
Although this is a country where individuals cannot own real estate, laws that allow individuals to buy and sell rented real estate are restricting growing real estate companies and forcing them into bankruptcy, and reining in the heads of growing companies like Alibaba. Does Xi Jinping think that these economic elements are a threat to China's socialist forces that were born on the path of reform and opening up? I have to say that his sense of being a threat is correct. This is because a liberal economy will destroy the socialist system.
In order for the economy to continue to grow, we must ensure as much freedom as possible. There are limits to simply investing in certain industries that the country has chosen as part of its national policy. A process in which these industrial investments are opened up to the private sector, private banks are free to make industrial investments, and private companies are free to commercialize services that have never existed before is an essential condition.
Various freedoms are essential for this, including freedom of speech, freedom of thought and belief, and academic freedom. This creates new social norms and new ways of living, which in turn leads to the creation of new products and services. Plants have a chance to flourish when they grow freely as intended.
Critics say that Xi Jinping has chosen stability over growth. What is worrisome, however, is that there has been no change to the ambition to unify Taiwan. Such restorationists are likely to advocate nationalism and wage wars of aggression. You can imagine this by looking at the current President Putin.
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.
