BRI and AIIB are direct competitors of IMF and World
Bank. That is the reason why so much demonization is being manufactured
about debt traps being set by China. Asked the Africans and they tell a
different story, or should I say they have a totally different take.
The
Africans know that BRI and China are helping them with infrastructures
and development. And China, during the period when it was itself dirt
poor, was already helping the Africans. So, the Africans know the
sincerity of the Chinese. Of course, the extraction of resources that
comes with help is a win-win situation, albeit with joint ventures that
benefits both sides, unlike the wholesale exploitation of African
countries without development and infrastructures to show.
Suffice
to say, Africa is lost to the Anglo-Saxon Whites, save for a few
dictators still consorting with them to exploit the country.
Anonymous
The whole world benefitted from the BRI, not just Africa. Landlocked countries like those in Central Asia have better transportation logistics to trade with each other and help them to progress. Laos and Cambodia are into building high speed rails across their land to connect with China and each other and benefitting from these links. It is a win-win situation for them and China.
ReplyDeleteMost importantly, the BRI gave China another link outside of the choke points by sea and large volumes of export from China are now reaching Europe via the BRI developments across Central Asia. Of course, sabotaging the BRI had been discreetly fermented over the years. But these infrastructures do not belong to China alone. They are funded by China and built by China, but not owed by China. This is important, as sabotaging the BRI amounts to sabotaging countries involved, which is not good for the USA.
All they can do to sabotage the BRI is touting about the debt trap issue, which is going out of fashion, when countries openly discount the effect. The debts have the infrastructures to show.