8 ms·

China will dump a bunch of money into this. The project wont be completed because of corruption. The original leaders responsible for signing the deal will disa

China will dump a bunch of money into this. The project wont be completed because of corruption. The original leaders responsible for signing the deal will disappear to live in their mansions. The countries will still owe China and one day it will collect in a big way, at the end of a gun called forced economic collapse. China is going to own Africa.

twelve40 3y ago
I keep hearing that trope that evil China is going to rip poor Africa to shreds, but not really seeing it so far? they have been building railroads and mines, and haven't even dropped a single bomb so far... unlike those who tell us how truly evil China's plans are.
- wonderwonder 3y ago
  It's already started https://apnews.com/article/china-debt-banking-loans-financial-developing-countries-collapse-8df6f9fac3e1e758d0e6d8d5dfbd3ed6 https://apnews.com/article/china-debt-banking-loans-financia...
  - dirtyid 3y ago
    No it's starting to get resolved, see recent Zambia debt restructure. The TLDR is western propaganda who owns majority of African debt wants to push PRC debt trap narrative to pressure PRC to take haircut losses while they don't. PRC said lol no, and after 2 years, traditional (i.e. IMF) and private lenders, most from west, finally agreed to debt restructuring on their end to.
- junofan 3y ago
  It’s called debt-trap diplomacy. China already forced Tajikistan to cede territory as part of a debt forgiveness deal. I believe they took over a port in Sri Lanka as well.
  - sonotathrowaway 3y ago
    Is this more or less exploitive than the western powers? Shell will massacre villages that resist exploitation, how many massacres have the Chinese financed so far?
    - _2z1p 3y ago
      Off the top of my head there's the "Cultural Revolution", Tiananmen Square, the annexation of Tibet, and of course the ongoing genocide of the Uyghurs. The Western powers have done a lot of fucked up things, but that doesn't make China the good guys.
      - dryrun 3y ago
        Which are all local to their country, or depending on the point of view within close borders of their country. I wouldn't say it's the same situation.
        lockhouse 3y ago
        Tibet was not their country.
    - Calamitous 3y ago
      What does this have to do with the west? Do the bad actions of Shell excuse those of China?
  - midoridensha 3y ago
    Tajikstan borders China, so they were already vulnerable to Chinese territorial claims and military action. However, this isn't the case in Africa. If some African country (esp. an inland one) decides to default on loans to China, what's China going to do? China has almost no ability to project power on a faraway continent. Of course, China could cut off trade, but just how reliant on trade with China are African nations?
    - 3y ago
- albertopv 3y ago
  Said the frog in the boiling water

twelve40 3y ago

I keep hearing that trope that evil China is going to rip poor Africa to shreds, but not really seeing it so far? they have been building railroads and mines, and haven't even dropped a single bomb so far... unlike those who tell us how truly evil China's plans are.

wonderwonder 3y ago
It's already started https://apnews.com/article/china-debt-banking-loans-financial-developing-countries-collapse-8df6f9fac3e1e758d0e6d8d5dfbd3ed6 https://apnews.com/article/china-debt-banking-loans-financia...
- dirtyid 3y ago
  No it's starting to get resolved, see recent Zambia debt restructure. The TLDR is western propaganda who owns majority of African debt wants to push PRC debt trap narrative to pressure PRC to take haircut losses while they don't. PRC said lol no, and after 2 years, traditional (i.e. IMF) and private lenders, most from west, finally agreed to debt restructuring on their end to.
junofan 3y ago
It’s called debt-trap diplomacy. China already forced Tajikistan to cede territory as part of a debt forgiveness deal. I believe they took over a port in Sri Lanka as well.
- sonotathrowaway 3y ago
  Is this more or less exploitive than the western powers? Shell will massacre villages that resist exploitation, how many massacres have the Chinese financed so far?
  - _2z1p 3y ago
    Off the top of my head there's the "Cultural Revolution", Tiananmen Square, the annexation of Tibet, and of course the ongoing genocide of the Uyghurs. The Western powers have done a lot of fucked up things, but that doesn't make China the good guys.
    - dryrun 3y ago
      Which are all local to their country, or depending on the point of view within close borders of their country. I wouldn't say it's the same situation.
      - lockhouse 3y ago
        Tibet was not their country.
  - Calamitous 3y ago
    What does this have to do with the west? Do the bad actions of Shell excuse those of China?
- midoridensha 3y ago
  Tajikstan borders China, so they were already vulnerable to Chinese territorial claims and military action. However, this isn't the case in Africa. If some African country (esp. an inland one) decides to default on loans to China, what's China going to do? China has almost no ability to project power on a faraway continent. Of course, China could cut off trade, but just how reliant on trade with China are African nations?
  - 3y ago
albertopv 3y ago
Said the frog in the boiling water