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I am not sure if being broke is important or not. They have created a dependency on themselves with the belt and road countries to where they have to buy Chine
by gscott 2y ago
I am not sure if being broke is important or not. They have created a dependency on themselves with the belt and road countries to where they have to buy Chinese products. China is doing currency swaps and lending in their own currency that countries then use to buy from China. Normally if you have a massive housing crises, jobs crises, debt crises, etc you would completely fail. But yet China keeps going. I believe they have captured a large group of forced consumers to prop up the Chinese government. Africans are not looking for the latest tech they just need things that work good enough. The US can not serve all of these markets (at a reasonable price point) so the Chinese companies dominate which feeds back up to the CCP staying in power.