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> signed a partnership deal with Hong Kong Aerospace Technology to build a facility to launch satellites and rockets in the northern Obock region. Yeah, sure.

> signed a partnership deal with Hong Kong Aerospace Technology to build a facility to launch satellites and rockets in the northern Obock region. Yeah, sure. In 5 years we will know if it worked out and how the debts can't be repaid. I'm wondering what will be asked in return... => One road one belt debt trap, all over again. Luckily, Africa can repay China with natural resources or ports... In case of Djibouti ( where this will be build), it's the main ship access to the Indian ocean. And the deal seems to be 25% of their GDP in 2018. https://en.m.wikipedia.org/wiki/Djibouti https://en.m.wikipedia.org/wiki/Djibouti What a coincidence. Edit: but let's hope for the best. Since it's more than 1 country participating in it. I have my doubts though, let's hope I'm wrong.

unity1001 4y ago
Getting something in return for trading something is not a 'trap'. Here's what actual Africans think about China: https://www.quora.com/Do-Africans-dislike-Chinese/answer/Jean-Claude-Adzalla https://www.quora.com/Do-Africans-dislike-Chinese/answer/Jea... https://www.quora.com/Is-China-colonizing-Africa/answer/Anthony-M-Anderson https://www.quora.com/Is-China-colonizing-Africa/answer/Anth... 'A trap' is what the Anglosaxon financial establishment did to my country: Forced us to privatize our national assets to starve our government of GDP so that the government will fall deeper in debt. Which is why that's called a 'trap' because you cant get out of it. So much that the government was totally deprived of revenue in merely a decade after having been forced to privatize all national assets through 'free market'. Then this was used to force the government to destroy labor protections and business regulations to 'boost the market', turning the economy and the society to scorched earth. But foreign investment did excellent in this environment, especially corporations located in the US and its satellites. There is no such thing in any deals with China. It does not intervene in any country or its governance when making deals. You trade. You sign a deal to trade them X amount of minerals. They sign to give you whatever you want. That's it. No other conditions attached. They don't even make any commentary about your economy, leave aside your ideology, your system or how you should be doing things. That's why all the countries prefer China and BRICS instead of the US and its satellites now. What's appalling is that how the very financial establishment that has been made famous as the 'economic hitmen' smears other countries of what it has always been doing and people like you repeat it without putting any critical thought into the process. No wonder you people are still paying for Iraq War Debt.
- NicoJuicy 4y ago
  > There is no such thing in any deals with China Tell that to Lithuania ( delisted as a country by China), Taiwan ( a "province"), Tibet ( invaded), Hong Kong ( taken over), ... Concerning debt trap. Are you aware that Africa is paying off debt for mostly Chinese workers/companies/contractors for those failed infrastructure projects? Bringing in almost no employment to Africans. https://thediplomat.com/2022/03/how-chinas-ambitious-belt-and-road-plans-for-east-africa-came-apart/ https://thediplomat.com/2022/03/how-chinas-ambitious-belt-an... The thing you're forgetting is that China doesn't care about the countries and their inability to pay them back. They are interested in how they are getting paid back. Eg. Ports in Sri Lanka, Zambia, Nigeria, ... https://www.africanliberty.org/2018/09/10/like-zambia-sri-lanka-also-handed-over-port-to-china-to-pay-off-debt/ https://www.africanliberty.org/2018/09/10/like-zambia-sri-la... Bridge of 3,1 b$ for the Maldives - https://www.bbc.com/news/world-asia-52743072 https://www.bbc.com/news/world-asia-52743072 Angola - https://theprint.in/world/angolan-model-viewed-as-early-example-of-chinese-debt-trap-tactics/1048009/ https://theprint.in/world/angolan-model-viewed-as-early-exam... I'm willing to wait to see how this all plays out and who is right here. Are you? > Angola still owes China more than USD 23 billion, mostly from oil-backed loans. With declining production, this means that most of Angola’s output is going to China, preventing Africa’s second-largest oil producer from selling its major source of income on the open market. PS. It isn't solely Africa, but also Australia and European countries ( mostly in the east ) already decided that it's better to not be in debt with China ( and they have gotten not pleasant suprises) https://www.dw.com/en/cracks-appear-in-chinas-new-silk-road/a-57388521 https://www.dw.com/en/cracks-appear-in-chinas-new-silk-road/... PS. Ukraine also had a deal with China, they were even under a nuclear umbrella of China ( lol) during the "one road one belt" project. We can all see how that "protection" turned out. https://www.wsj.com/articles/under-new-scrutiny-chinas-nuclear-pledge-to-ukraine-11647007200 https://www.wsj.com/articles/under-new-scrutiny-chinas-nucle... ----------------- On top of this, your "links" only name 1 infrastructure project: "the Mombasa railway"... Dare to do a sanity check? https://www.voanews.com/a/kenya-wants-to-renegotiate-loans-for-chinese-built-railway-/6796765.html https://www.voanews.com/a/kenya-wants-to-renegotiate-loans-f... > "It becomes impossible to be able to pay that loan by revenue that comes from the railways. And even in 50 years, it will not break even if you load the loans to the railways," Murkomen said. Let's dig a bit deeper in the country. https://www.wionews.com/world/kenya-discloses-loan-documents-of-chinese-built-railway-amid-looming-debt-crisis-532646 https://www.wionews.com/world/kenya-discloses-loan-documents... > any major dispute over the railway would be decided in Beijing https://www.ndtv.com/world-news/china-may-seize-kenyan-assets-amid-mounting-debts-report-3455850 https://www.ndtv.com/world-news/china-may-seize-kenyan-asset... China is willing to give those countries loans to repay those Chinese loans. But they do have higher interests and shorter repay terms... Good luck.

unity1001 4y ago

Getting something in return for trading something is not a 'trap'. Here's what actual Africans think about China: https://www.quora.com/Do-Africans-dislike-Chinese/answer/Jean-Claude-Adzalla https://www.quora.com/Do-Africans-dislike-Chinese/answer/Jea... https://www.quora.com/Is-China-colonizing-Africa/answer/Anthony-M-Anderson https://www.quora.com/Is-China-colonizing-Africa/answer/Anth... 'A trap' is what the Anglosaxon financial establishment did to my country: Forced us to privatize our national assets to starve our government of GDP so that the government will fall deeper in debt. Which is why that's called a 'trap' because you cant get out of it. So much that the government was totally deprived of revenue in merely a decade after having been forced to privatize all national assets through 'free market'. Then this was used to force the government to destroy labor protections and business regulations to 'boost the market', turning the economy and the society to scorched earth. But foreign investment did excellent in this environment, especially corporations located in the US and its satellites. There is no such thing in any deals with China. It does not intervene in any country or its governance when making deals. You trade. You sign a deal to trade them X amount of minerals. They sign to give you whatever you want. That's it. No other conditions attached. They don't even make any commentary about your economy, leave aside your ideology, your system or how you should be doing things. That's why all the countries prefer China and BRICS instead of the US and its satellites now. What's appalling is that how the very financial establishment that has been made famous as the 'economic hitmen' smears other countries of what it has always been doing and people like you repeat it without putting any critical thought into the process. No wonder you people are still paying for Iraq War Debt.

NicoJuicy 4y ago
> There is no such thing in any deals with China Tell that to Lithuania ( delisted as a country by China), Taiwan ( a "province"), Tibet ( invaded), Hong Kong ( taken over), ... Concerning debt trap. Are you aware that Africa is paying off debt for mostly Chinese workers/companies/contractors for those failed infrastructure projects? Bringing in almost no employment to Africans. https://thediplomat.com/2022/03/how-chinas-ambitious-belt-and-road-plans-for-east-africa-came-apart/ https://thediplomat.com/2022/03/how-chinas-ambitious-belt-an... The thing you're forgetting is that China doesn't care about the countries and their inability to pay them back. They are interested in how they are getting paid back. Eg. Ports in Sri Lanka, Zambia, Nigeria, ... https://www.africanliberty.org/2018/09/10/like-zambia-sri-lanka-also-handed-over-port-to-china-to-pay-off-debt/ https://www.africanliberty.org/2018/09/10/like-zambia-sri-la... Bridge of 3,1 b$ for the Maldives - https://www.bbc.com/news/world-asia-52743072 https://www.bbc.com/news/world-asia-52743072 Angola - https://theprint.in/world/angolan-model-viewed-as-early-example-of-chinese-debt-trap-tactics/1048009/ https://theprint.in/world/angolan-model-viewed-as-early-exam... I'm willing to wait to see how this all plays out and who is right here. Are you? > Angola still owes China more than USD 23 billion, mostly from oil-backed loans. With declining production, this means that most of Angola’s output is going to China, preventing Africa’s second-largest oil producer from selling its major source of income on the open market. PS. It isn't solely Africa, but also Australia and European countries ( mostly in the east ) already decided that it's better to not be in debt with China ( and they have gotten not pleasant suprises) https://www.dw.com/en/cracks-appear-in-chinas-new-silk-road/a-57388521 https://www.dw.com/en/cracks-appear-in-chinas-new-silk-road/... PS. Ukraine also had a deal with China, they were even under a nuclear umbrella of China ( lol) during the "one road one belt" project. We can all see how that "protection" turned out. https://www.wsj.com/articles/under-new-scrutiny-chinas-nuclear-pledge-to-ukraine-11647007200 https://www.wsj.com/articles/under-new-scrutiny-chinas-nucle... ----------------- On top of this, your "links" only name 1 infrastructure project: "the Mombasa railway"... Dare to do a sanity check? https://www.voanews.com/a/kenya-wants-to-renegotiate-loans-for-chinese-built-railway-/6796765.html https://www.voanews.com/a/kenya-wants-to-renegotiate-loans-f... > "It becomes impossible to be able to pay that loan by revenue that comes from the railways. And even in 50 years, it will not break even if you load the loans to the railways," Murkomen said. Let's dig a bit deeper in the country. https://www.wionews.com/world/kenya-discloses-loan-documents-of-chinese-built-railway-amid-looming-debt-crisis-532646 https://www.wionews.com/world/kenya-discloses-loan-documents... > any major dispute over the railway would be decided in Beijing https://www.ndtv.com/world-news/china-may-seize-kenyan-assets-amid-mounting-debts-report-3455850 https://www.ndtv.com/world-news/china-may-seize-kenyan-asset... China is willing to give those countries loans to repay those Chinese loans. But they do have higher interests and shorter repay terms... Good luck.