China's loans are all for development and lifting people
out of poverty. China has lifted more than 800 million of its citizens
out of poverty, despite all the calamities like earthquakes, sabotage
using sanctions, and annual flood visitation causing destruction of
properties and agricultural land and loss of livelihood for some.
China
is now doing poverty eradication on a global scale, most notably in
Africa. And the Africans know that and are thankful for that. Chinese
loans are not for USA supported Dictators to buy weapons to fight wars
against each other, instigated by the Anglo-Saxon Whites. The West used
the 'divide and rule' tactic to keep Africans fighting each other and
thus remain poor and easily controlled. What China is doing is counter
to their interest and the Whites are not giving up the fight, claiming
that China is setting 'debt traps' for African nations. Did the Africans
really buy into that? Of course not!
Wonder what happened to
Biden's grand plans to drive Africa towards a digital economy showpiece,
with a miserly US$350 million offer for setting up telecommunication
networks, trotted out to 50 African Leaders that were coerced into
attending his blotched summit in Washington some time ago. How is US$350
million, or about US$7 million for each African country going to
achieve that? By the way, it was supposed to be US$350 billion that he
promised initially, not millions, but reduced to just 0.1% of that
eventually, with almost a totally bald haircut deep into the scalp. How
ridiculous is that in the eyes of the Africans. US$7 million is not even
enough to pay for workers to dig holes for installing the relay
stations. But as always, the USA thinks the world will just forget about
its atrocious promises that it often failed to keep. Those allies that
have been promised USA's 'iron clad support' or 'the last man standing
support' better wake up, especially the Taiwanese.
That also keeps me wondering about the progress of the India/Middle East/Europe
Corridor
grand plan, hatched by Biden a year ago. It was to rival the BRI,
nothing as grand as merely building castles in the air. With the war in
the Middle East, the Houthis operating in the region and the
Israel/Hamas conflict not ending any time soon, I think that project can
go the way of the dinosaurs. Biden will not be around to see it, even
to witness its implementation. India had just been taken for a ride and
enjoying a wild goose chase. Oh, there was even talk by Biden of
building a railroad across the Indian Ocean to link up with Japan and
India. Talk about stupidity having no cure!
Talking and chanting
slogans is easy. Plucking grand plans out of thin air, without thinking
and studying the problems involved is not going to work. It is not as
simple as turning on the printing press 24 house a day printing toilet
papers.
Anonymous
4 comments:
After North Korea sent a delegation to Iran, Iran says it will supply cars and set up a car production plant in North Korea, and North Korea will most likely pay Iran in the form of military technology transfer.
The USA is taking issue with the Iran/Pakistan gas pipeline that had just been officially approved by the Pakistani Government. Such disagreement trotted out by the USA will probably entail USA and Western sabotage eventually, like what they did with the Nord Stream pipelines.
The USA and the West will undoubtedly spin its narrative that Pakistan cannot help in Iran's military drones and missile technology, that had been demonstrated recently and is a threat to the USA, Israel and the West.
Of course, such a pipeline between Iran and Pakistan is not going to be business as usual for the US$. It is in reality another nail in the de-dollarization coffin. It will be barter trade or in Yuan or a new currency coming out from BRICS. Iran is not stupid enough to accept US$ from Pakistan for its gas supply to Pakistan.
Iran already did a US$400 billion trade deal with China some time ago - an oil for infrastructure deal that already bypassed the US$. Such deals are not small potatoes and other countries are doing the same to bypass the US$.
By the way, China must ignore the threats by Blinky and Yellen and not succumb to them, especially about cutting trade with Russia. Such demands will come thick and fast once China sets a precedent and angering Russia. A day may then come when the USA will demand that China leaves BRICS, as the alliance is making de-dollarisation a matter of survival for the US$ hegemony. Nothing is impossible in gangsterism or outside Mafia Law.
The Washington clowns think they can coerced China to go against Russia. An easier target to turn around would be India. But they are not doing it. Silly buggers.
China is investing heavily in Chancay Port in Northern Peru. China already had footholds in dozens of South American ports.
Chancay Port will be a game changer for maritime trade between China and South American countries. Chancay will be transformed into a deepwater container port where ultra large vessels are able to call. The USA's blockading of the Panama and Suez Canals and the Straits of Malacca will no longer be a matter of survival for China in times of war.
Moreover, ships to and from Chinese ports will save weeks of sailing time across the Pacific Ocean, instead of the longer journey of circumnavigating the Panama Canal. With China's help in building up Chancay Port's infrastructure and deepening its waters for larger ships, even Brazil will benefit tremendously in its export trade, instead of using ports on its Eastern shoreline and travelling a longer distance to reach Asia.
China is exploring every corner of the world to find alternative routes for trade and away from possible USA blockades. The Isthmus of Kra project is still not firmly decided, and the Nicaragua alternative to the Panama Canal is still under consideration. That Canal, if constructed is equally important for South American countries trading with Europe. Of course, the USA is against all this development, as it is losing its strategic objective of using its naval power to blockade essential waterways. China looks ten to twenty years down the road, while the USA looks no further than its nose.
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