Will Ethiopia's default be the end of African investment? Debt trap derived from One Belt, One Road.
2024-01-13
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ethiopian default
China's One Belt, One Road initiative is set to go even further down the road after Africa's Ethiopia defaulted on the ２nd, unable to pay interest on its debt due in December. The countries circled on the map in the image are the countries where China is primarily investing. Ethiopia, which defaulted this time, is marked in red. One Belt, One Road is a route south to Italy in Europe, but Italy has announced its withdrawal from One Belt, One Road. This is the departure of the western base. Where is Kitaji's base? It is now Kiiv, the capital of Ukraine, which is currently at war.
One Belt, One Road debt trap
Yellow countries are those with excessive debt to China. Includes Sudan and Somalia. These are the countries along the Suez Sea, including Ethiopia, which follow the Suez Canal, and China was trying to gain control of the sea route to the Mediterranean Sea. The rationale is simple: once the One Belt, One Road project starts, we can make a lot of money, so why not borrow money and prepare?
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The acquisition of African countries by the world's underground financial institution AIIB is China's national strategy.
AIIB is the world's black finance. Lending money to developing countries to realize OBOR. They provide funds that cannot be repaid, and when they are unable to repay, they seize the country's ports and other facilities. If OBOR is realized, the countries in the area will become rich. That's why it's better to borrow more and more money.
With this financing, China bought up votes in the United Nations, including African countries.
Originally, the African continent was divided into two colonies, British and French, and the British Commonwealth and French Community held the vote in the United Nations, but what is the situation like now? OBOR is China's national takeover strategy.
Communism views capitalists and managers as enemies. Workers become subordinate to capital, and capitalists who acquire large amounts of capital become figures that shake up the nation. Therefore, Chinese companies are controlled by the state as state-owned or semi-state-owned.
In modern China, the state is the capitalist. They invest in domestic and international development in the name of investing in the region and the nation.
If you look at the fact that they are subjugating developing countries to capital, they are essentially no different from the capitalists they see as their enemies.
In fact, it's even worse.
road to south africa
South Africa has the highest GDP among African economies, and it can be seen that the countries on the land route to South Africa are also trying to keep it in check. Countries other than the ones circled account for ３６.９% of China's investments in Africa, so it is spreading money to almost all countries. The purpose is to buy votes from the United Nations. African countries account for approximately ２８.５% of the votes in the United Nations. This is what is behind China and the West, dismissing it as a minority opinion.
Related to the Taiwan Strait
This is actually related to the Taiwan Strait issue. Mainly African countries support China's "one China principle." Africa does not want to get into trouble with its creditor country, China, over a faraway island with which they do not have any exchanges.
If the countries along the Suez Sea default, the Belt and Road initiative will end for Africa.
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His Majesty the Emperor's visit to China was greeted with a warm welcome - his visit to South Korea has not yet materialized.
Former General Secretary Deng Xiaoping, who came to Japan in 1978, became the first leader of the People's Republic of China to meet with the Emperor.Since then, the Emperor's visit to China has been the long-cherished wish of the Communist Party of China.After the death of Emperor Showa, the Tiananmen Incident occurred from Perestroika to the end of the Cold War.It was the Emperor's visit to China in 1992 amid China's worldwide isolation and international criticism.Foreign Minister Michio Watanabe, who accompanied him, asked Shanghai Vice Mayor Zhao Qizheng, "If many people go out on the street, will there be people throwing eggs at them?" Zhao replied, "That's not going to happen."On the contrary, there were many lines along the road, and the Emperor waved to each and every one of them and the train marched.
The countries where the 125th Emperor visited during his reign.
1991 Thailand, Malaysia, Indonesia
1992 China
1993 Belgium, Italy, Germany, Vatican
1994 United States, France, Spain, Germany
1997 Brazil, Argentina, Luxembourg, United States
1998 England, Denmark, Poland
2000 Netherlands, Sweden, Switzerland, Finland
2002 Poland, Hungary, Czech Republic, Austria
2005 Norway, Ireland, Saipan Island
2006 Singapore, Thailand, Malaysia, Thailand
2007 Sweden, Estonia, Latvia, Lithuania, United Kingdom
2009 Canada, Hawaii
2012 United Kingdom
2013 India
2015 Palau
2016 Philippines
2017 Vietnam, Thailand
Even if there is diplomatic relations between countries, if you think about what true diplomatic relations are for Japan, which has the Emperor, your visit can be one of the criteria for friendly relations.
His Majesty's visit to South Korea has not been realized.It goes without saying why.A fierce war with China resulted in many deaths on both sides.There are still many concerns, but at least the two countries have a long history.It is undeniable that both sides have overcome the problem and are moving forward little by little.
Is Japan-South Korea relations an extension of history?The friendly relationship between Korea and Japan, based on the fiction of a false history, collapsed with the advent of Moon Jae In.If anti-Japanese sentiment has declined due to his absence, what time should we return?
China's feelings toward Japan seem to be moving forward and backward, but it is clear that the two countries are completely different compared to China and Korea.
Four basic documents and four agreements between Japan and China - The difference between Japan - China diplomacy and Japan - Korea diplomacy is that Japan and Korea do not have accumulated diplomat
Four agreements between Japan and China signed with former Prime Minister Abe
Four basic documents during Japan and China
History of diplomacy since the restoration of diplomatic relations
The key to diplomacy amid difficult Japan-China relations
There are no accumulated assets in Japan-Korea relations
In response to the news of Prime Minister Abe's death, a Chinese spokesperson said that he had made a great contribution to the development of Japan-China relations. In 2012, the issue of the Senkaku Islands came to light and anti-Japanese demonstrations broke out, and Prime Minister Abe held a Japan-China summit meeting in APAC and reached an agreement on four points.
Four agreements between Japan and ChinaBoth sides will abide by the principles and spirit of the four basic documents between Japan and China, and They confirmed that they would continue to develop a mutually beneficial strategic relationship.
Both sides reached some consensus on the need to face history squarely, follow the spirit of looking toward the future, and overcome the political difficulties affecting bilateral relations.
Both sides recognize that they have different views on the recent tense situation in the waters of the East China Sea, including the Senkaku Islands, and through dialogue and consultation, prevent the situation from deteriorating and establish a crisis management mechanism. There was a consensus on the need to avoid unforeseen situations.
Both sides agreed to gradually resume political, diplomatic, and security dialogue by utilizing various multilateral and bilateral channels, and to strive to build a relationship of mutual political trust.
These are the four agreements that China often refers to. The four basic documents in item 1 are:
Four basic documents between Japan and China1972 Japan-China Joint Declaration1978 Japan-China Treaty of Peace and Friendship 1998 Japan-China Joint Declaration on Building a Partnership of Friendship and Cooperation for Peace and Development 2008 Japan-China Joint Statement on the Comprehensive Promotion of “Mutually Beneficial Relations”
means.
The first of the four agreements promised that both sides would abide by the treaties and agreements they had signed so far. This also means that Japan-China relations are based on four documents that Chinese spokesmen frequently comment on. Although China is a country with many problems internationally, it is said that China is principled, and this is where the diplomatic axis between Japan and China lies.
Japan-China relations and Japan-Korea relations have completely different positions and histories. However, the biggest difference is that since South Korea has scrapped all previous agreements, there are no diplomatic assets that Japan and South Korea have accumulated politically and diplomatically.
Both China and South Korea have recently become Asian countries that neither of them want to associate with, but their diplomatic relations have completely different histories.
falsification of China's GDP This was revealed after the collapse of the Soviet Union, but only half of its GDP was exist.In the 56 years from 1929 to 1985, national income was 90 times (actually 6.5 times).The average growth rate was 8.3 percent, but actually 3.3 percent.Even U.S. Nobel laureate Paul Samuern believes in Soviet statistics and said the Soviet Union is growing.To that extent, the method of falsifying statistics was meticulous.
The People's Republic of China, founded in 1949, has carried out reforms, but it was the Soviet Embassy that served as the headquarters.Also after Mao Zedong's Cultural Revolution and Deng Xiaoping's reform and opening-up, statistical methods continued.China is not capitalism.When foreign companies establish their own companies in China, they cannot take out the capital they have invested in because it is a joint venture.GDP tampering is effective in attracting foreign investment and does not need to be returned.
The acquisition of African countries by the world's underground financial institution AIIB is China's national strategy.
AIIB is the world's black finance. Lending money to developing countries to realize OBOR. They provide funds that cannot be repaid, and when they are unable to repay, they seize the country's ports and other facilities. If OBOR is realized, the countries in the area will become rich. That's why it's better to borrow more and more money.
With this financing, China bought up votes in the United Nations, including African countries.
Originally, the African continent was divided into two colonies, British and French, and the British Commonwealth and French Community held the vote in the United Nations, but what is the situation like now? OBOR is China's national takeover strategy.
Communism views capitalists and managers as enemies. Workers become subordinate to capital, and capitalists who acquire large amounts of capital become figures that shake up the nation. Therefore, Chinese companies are controlled by the state as state-owned or semi-state-owned.
In modern China, the state is the capitalist. They invest in domestic and international development in the name of investing in the region and the nation.
If you look at the fact that they are subjugating developing countries to capital, they are essentially no different from the capitalists they see as their enemies.
In fact, it's even worse.
Both state capitalism and communism have failed in China - Unemployment rate continues to increase.
The reason why it's funny that the number of unemployed people in China is increasing is because China is a socialist and communist country. Communism rejects capitalists and defines them as the root cause of social evil that exploits people. The state confiscates the produced goods. In other words, the state controls businesses and other things that produce social benefits. Even land is not private property. The state distributes the income generated from this. Therefore, the governments of communist countries have tremendous power. Because there is only the nation and the people.
Capitalism has a completely different structure. Based on a free economy, free competition produces people who drop out and become unemployed. To prevent this, we will reduce the unemployment rate by increasing new employment. To achieve this, it is necessary to promote industry and develop new fields. Viewed in this way, both communism and capitalism have one thing in common: the economic policies carried out by the state boil down to employment policies. Companies seek sales, but the nation seeks to secure employment for all its citizens.
In that sense, communism operates from a system design that does not inherently create unemployment, whereas capitalist countries, on the other hand, have a system design that creates unemployment, and fill it with economic growth and employment policies. That's what it means.
So why is there so many unemployed people in China? In capitalist countries, when the economy is in decline, the only way to reduce the unemployment rate is to foster industry and increase employment, but communist countries must have a system designed and operated in which the state forcibly distributes goods.
In other words, the original distribution is not working. Or, vested interests have increased and they cannot control it, and communism is no longer possible. And as a result of continuing something like state capitalism, all of these things are failing.
