China Is Leaving Africa Behind

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[@visualeconomiken]

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[@mingfanzhang4600]

❤😊😊

[@mna7308]

🤣🤣china leaves africa source western msm😂😂

[@fanamlawuli6761]

You a liar, you know nothing about Africa, our relationship with China is only at the beginning

[@cmartin1170]

If a country needs a loan to survive. Don't expect to get paid back.

[@xxxBradTxxx]

Eh, we’ll see where El Salvador and Argentina are in a few years.

[@arthurmiranda8896]

@@xxxBradTxxx They got fucked because of the corruption enabled by loans in the first place. The IMF only help incompetent and corrupt leaders to remain in power for a few more years.

[@cmartin1170]

@@xxxBradTxxx El Salvador and Argentina has their ups (almost up) and downs and their problems are more on growth. Africa can't even feed themselves to survive nor do anything about their natural resources.

[@clemente111]

@@cmartin1170 i wonder how africa is according to you.....as an African(kenyan) i can feed my self and am sure a lot of Africans can feed themselves

[@yours-truly572]

The countries existed and survived before your loans and the most indebted countries aren't even African

[@attieschutte7116]

I live in Africa, try to explain to a politician to spend less then he is earning. You might as well speak to wall! They want foreign investment but hate foreigners. They hate the profit motive and can't understand why everything fails.

[@gilbertfranklin1537]

Best comment award! 🏆👍

[@Ranaimuye]

Very peripheral minded.

[@attieschutte7116]

@@Ranaimuye well if only they got paid peripheral salaries.

[@nextinstitute7824]

I asked an Ethiopian business man if he didn't mind that China had so much control through its loans. He said: We've always had debt. If they want to throw money at us, we just let them. They'll never get it back...

[@richardnderitu6423]

China isn't even Kenya's largest debt holder. Majority of Kenya's debt is domestic. Our largest share of external debt is from the western markets through the bonds market. Chinese loans are barely a factor here. Big up on using so much footage from Kenya when referring to Africa. Almost 3/4 of the shots❤

[@rap3208]

As a whole, China only owns 17% of africa's total debt. And yet the west with their media has been succesful in spreading this "debt trap" by China.

[@GaribaIbrahim]

I agree with this

[@radinadennis899]

Tuna-analyse keenly 🇰🇪

[@MorolongWaGaTlou]

He said bilateral though….not total debt outstanding…..

[@amaradumbuya2099]

I was about to say where did he get most of he's information

[@dhaval1489]

So their argument is that CCP has failed at ploy to exploit so badly that we should not call it a ploy to exploit 😂

[@williamfeng7980]

cry in either way!!!!

[@randomcommenteronyoutube1055]

In all honesty, I don't think this is an entirely nefarious and well-planned series of moves from China. It probably sounded like a great idea to them and their leaders, so everyone rushed in. They thought that they would go over to Africa and do exactly what they've done in China for decades: build white elephant projects, achieve artificially high growth rates, secure collusion and collaboration from local bureaucrats and businessmen, etc. etc. The unraveling of African investment deals and the BRI initiatives more broadly is not at all surprising. What's surprising is that the Chinese paid absolutely no attention to previous globally influential countries' stories of malinvestment in these places. They're literally walking into the same places that the Ottomans, Arab Caliphs, and Europeans have run into over the past millennium, looking to permanently extract resources through plunder, agreement, or business. Did they do any homework whatsoever?

[@jordie4423]

Problem is , it’s short term GDP growth in exchange for all their natural resources. In the end, it’s a loss for the countries who will loose their natural resources and it will be hard to maintain all these infrastructure without these resources and with all the debt.

[@AL-lh2ht]

In reality china is subsiding their manufacturing industry, which is 1/3 of Chinese economy. And making Africa foot the bill. Little money spent goes into the local economy, and the little money that does goes to corrupt politicians. China does not care about corruption and in fact enjoys it as it parallels their own system. china pays themselves to build stuff while africa gets footed the bill. Oh, and the contraction quality is all over the place with massive issues going to happen within a decade. Already projects are having maintenance issue.

[@helloworld9811]

It is mainly because the dead trap diplomacy was exposed by the Western media so the citizens of those countries knew that it was a trap, so they demanded that the Government take action against the Chinese debt diplomacy. Previously China would negotiate on a per-country basis, behind the counter without disclosure to the public. However because this scheme has been exposed, so the leaders of such countries know the potential of the debt trap. That means the Chinese strategy of Individually negotiating with each country, In return for gaining their resource. like "divide and conquer" has not been successful. China may not intend to do that trap diplomacy in the beginning, they just don't know what they're dealing with and lose money. However it is more of once they find out the mall investment could lead to something greater, they changed their tactic, but now their tactic has been exposed, So they have to abandon the entire strategy and leave the continent for good.

[@c.simmons2147]

I would add that the biggest problem now is actually China making deals to forgive debt for resource rights or infrastructure. China might not have the majority of the debt in these countries, but it has a sizeable amount that they refuse to forgive, which makes forgiveness plans for the other debtors impossible. By refusing to work with the IMF, World Bank, Paris Club, etc., China is making sure these countries stay in a cycle of debt and poverty.

[@Western_Decline]

@@helloworld9811Are you sure the western media “exposed” the debt trap? Don’t you think it’s far more likely the West realized they were losing influence globally despite centuries of colonialism and chose to push a massive propaganda campaign to counter China? The Chinese model is far more palatable for Africans than Whit-e lectures and rapist imperialism.

[@gringopapi6985]

I just spent the last two months in Africa, and I would say the single biggest factor that's holding back Africa is the populations lack of abstract problem-solving capabilities.

[@SuperKillerdog]

You stayed in one country, at a particular location and yet you come to this sweeping generalization about a continent much bigger than North and South America combined.

[@gringopapi6985]

@@SuperKillerdog I travel around but thank you for your assumption.

[@raymondanielson8438]

very true lmao

[@sasha69Xurgelash]

​@@gringopapi6985 I am sure America and Biden is solving the Low Birth Rates , High Unemployment and housing in the Hood in Miami and most of America being $350k

[@jfkst1]

Abstract problem solving is indicative of intelligence. They didn't evolve for high level thinking.

[@franciscopostigogarcia2694]

I might be wrong but you didn’t clarify why it was not a real conspiracy, but that it was a failure. The fact that they dont succeed doesn’t mean the intentions were not there in my opinion

[@averageadventure200]

China is using it as a way to give aid, helping the poor not to exploit or colonize like the west has done for thousands of years

[@zee9709]

nah, the intention is making money, thats it, just like everybody else. but they fail

[@petersilas4234]

Whatever you say China is our partner, the plan by the west that African infrastructure would collapse by 2000 has vanished. The Chinese saved Africa. The West said Africa is not credit worth but China saw we can pay, we have the resources. We are strong because of China.

[@whatwhatmeno]

The fact that the Chinese helped Africa and they still didn't succeed shows how Africa needs a reform

[@zacksmith5963]

Source ? Proof ? Africa has improved

[@oussamaalaoui9121]

Africa has improved but at a slow speed

[@Nostr00]

Most of Africa won't reform because people usually live in their tribes and dont see a need to go to factory to earn money. The village meets most of their needs.

[@josephkonshun2523]

I see to be woke??? no thank you we are good we dont need dollar

[@dcc70]

It shows China blindly invested in boondoggle projects that had little chance to succeed

[@clownman-mq4ek]

Poor things. Maybe China will take over Africa. Then they will not blame U.S.😅😅😅😂😂😂😂

[@Teelsambal]

I have bad experience lending money to friends and family. I would guess lending money money to Africa is not much better. 😂

[@leogir1518]

No one can help those people but themselves. They only want to help themselves. South Africa is a prime example. Don't invest.

[@gilbertfranklin1537]

Well put! They need a LOT of education and training before they can make the infrastructure profitable.

[@SammyCee23]

Racist!

[@gagoomt4076]

@@SammyCee23big time racist 😂😂😂😂

[@MHKing03]

@@SammyCee23 Good.

[@sony5244]

Many African nations lives in a cycle of debt , civil unrest, coups and bad economic management. They need an overhaul .

[@zacksmith5963]

This is why china is helping africa . No one trusts colonists anyone

[@pauljackson171]

Find it peculiar how the dozens of individual countries in Africa are written off as a joke and Africa viewed not as a (massive) continent, but as an overall struggling state.

[@Zergcerebrates]

They’re all about the same not a single wealthy country on that continent.

[@marcjohnsouthon3962]

And considering Africa is the second largest continent.

[@Kingtiens]

Until economic failure becomes an exception in Africa and not the rule, the continental countries will continue to be grouped together for easier reference.

[@leometz7287]

China has more people than Africa, so it makes sense to compare them to the whole continent

[@Western_Decline]

Whit-es view Africa as a problem. Chinese view Africa as an investment opportunity. Fundamental difference.

[@gentiannushi3343]

African countries struggle to get finance from the west not because the west is unwilling to invest but because the western finance comes with conditions such as fair elections and anti corruption processes that authoritarian leaders are not prepared to meet.

[@youme1414]

Yeah! Most of the loots by the corrupt leaders end up in the West. That is very interesting. Doesn't it?

[@sleepyjoe4529]

That's not it.. at all. Not even close. They also want access or "rights" to explore/extract resources. In fact, most African debt is to Western lenders. A report published last July by the British NGO Debt Justice showed that 12 percent of the external debt of African countries is owed to Chinese lenders, compared to 35 percent to Western private lenders. The average interest rate of these private loans is 5 percent, compared with 2.7 percent for loans from Chinese public and private lenders.

[@Kite-te9km]

​@@sleepyjoe4529 True. If I write more..... will be deleted.

[@ArawnOfAnnwn]

You make it sound like western conditions are all humanitarian. They aren't. The bulk of the conditions are economic, not political. They have to do with opening up your economy and lower tax, which of course benefits western businesses the most.

[@ArawnOfAnnwn]

You make it sound like western conditions are humanitarian. They aren't. The bulk of the conditions are economic, not political. They have to do with opening up your economy and lower taxes, which of course benefits western business the most.

[@djsapien3448]

Lol the IMF still holds by far most African debt

[@dennisestradda9746]

What’s the interest rate versus Chinese interest rate?

[@youme1414]

@@dennisestradda9746 In fact, Chinese loans are concessional loans. You see this video is another propaganda.

[@youme1414]

I am about writing the same thing.

[@sleepyjoe4529]

@@dennisestradda9746 A report published last July by the British NGO Debt Justice showed that 12 percent of the external debt of African countries is owed to Chinese lenders, compared to 35 percent to Western private lenders. The average interest rate of these private loans is 5 percent, compared with 2.7 percent for loans from Chinese public and private lenders.

[@sleepyjoe4529]

@@dennisestradda9746 Feel free to google and find do your own research if you actually care about Africa. What's not okay with if you just passively consume news that are biased against China from biased Western propaganda media channels.

[@yimb8437]

I think you can sum it up in one phrase: "you can't fix stupid".

[@Kite-te9km]

What do you mean?

[@IrradioMan]

@@Kite-te9kmit means helping africa is a waste of time and money.

[@Kite-te9km]

@@IrradioMan There has never been something like "helping Africa" to start with.

[@Kite-te9km]

@@marcv2648 You have been lied. Funny thing is, you believe it.

[@jfkst1]

@@Kite-te9km It means genetically they never evolved to live in a modern society and lack the genetic traits to thrive in sophisticated societies.

[@jamescumstock5036]

It's so frustrating how wealthy and resource rich Africa is but no strong government there to exploit it.

[@chrismcaulay7805]

ROFLMAO, strong government is the issue? To maximise resources you need a WEAK government, with straight forward laws, and with STRONG law enforcement. So unless you are lumping in law enforcement into "government" you are exactly backwards... and if you are, your argument is to generic to mean much...

[@Deco_2k]

you obviously don't understand what going on Africa government decide to put their foot down, they try to get rid of them ..

[@bennyklabarpan7002]

they didn't even have the wheel before the portugese showed up. they will never be able to govern themselves, the structures the imperialists left behind will collapse within a few generations.

[@Minchya]

Tribalism and corruption is a curse as much in Africa as in Arabian countries

[@hindaibrahim8463]

Westerns don’t let to have strong president or strong government. They over threw them and replace the one works for them. China is better for Africa 90%.

[@chillxxx241]

The United States in Japan were two largest economies in the world. They invested in profitable ventures all around the world. There are very few good investments left.

[@esm2000]

that’s actually a really good way of looking at things lol

[@rogerbartlet5720]

It's not the 20th century anymore, most countries that could be exploited profitably already have been. These infrastructure projects are only viable in a political sense as long as the money spigot is running, after that it's yesterdays news, especially in Africa governments who've fine-tuned the beggary game.

[@jordie4423]

Problem is , it’s short term GDP growth in exchange for all their natural resources. In the end, it’s a loss for the countries who will loose their natural resources and it will be hard to maintain all these infrastructure without these resources and with all the debt

[@KostitosConQueso]

"It's all so tiresome..."

[@xxxBradTxxx]

Hey, I caught the reference

[@kamelkadri2843]

Well China DOES control my country which is located in Africa, I can't speak for other nations but mine (Algeria) is

[@weissmorris8822]

I am under the impression that Algeria is basically a client state of Russia not China. Whatever China is financing in Algeria, it can’t possibly come close to what Algeria is paying Russia for armament.

[@MuantanamoMobile]

Algeria has never allowed anyone to subject it...that is baked in the fibre of the nation...ask LeBaguettes of their attempts. If anything Algeria do allow only for mutually beneficial partnerships.

[@adamvifrye2690]

​@@MuantanamoMobilei mean you could consider colonialism to be "mutually beneficial agreements" so idk what your point is.

[@lale5767]

​@@MuantanamoMobile LaBaguettes should be worried about west Africa right now. دعواتك يا عم لأخوتك.

[@maximuspulkit]

It is cool that you voice your opinion, but seeseepee passed a law that allows commercial ports under its control around the world to be converted for military use for national security, without permission from local government. This can happen in a week if need arises.

[@nextinstitute7824]

Yes, that part of the video was a little naive... They established a major foothold there in Sri Lanka.

[@desertstormer7556]

You say that Africa and specifically Kenya, are not indebted. The reality on the ground is that there projects, built by chinese heading nowhere, didn't improve unemployment, increased taxes to pay of loans, increased inflation by printing to pay loan making unemployment worse and is causing massive brain drain cause if you can afford to leave, LEAVE. The grass is 110% greener on the other side i.e, I live 6 blocks from you

[@Anastasis-is-here]

Throughout the years all of the great civilizations in the world became great duo to seeing what the others did good and coppying it. Sub Saharan Africa is one of the most isolated places in the world, so many of the world`s inventions came much later to Africa and many didn`t come at all. That said the modern world is a perfect opportunity for this region as it has the option to no longer be in the dark, the insane hate for foreigners and racism alongside the huge lack of education in combination with corruption is the only thing that keeps these countries behind. They need to come in contact with the philosophies that made Europe great and adapt these ideas to their own societies. As for the comments i read about their genes being the problem, SHAME, i thought that humanity was involed to the level past this barbaric thinking. The exact same thing could be said for the Germanic people who were eating their own children when the Greeks were having the world`s first elavator in Agia Sophia made with steam, or liquid fire. The exact same thing could be said for the Arabs who were living in the dessert with nothing when Iran had one the most advanced societies in the world, or the Japanese who were only fighting wars when China was an architectural wonder etc.etc. Shameful, i was mad and i am not even Sub Saharan African or African in general.

[@8nfinityXP]

I tried and tried to explain that the BRI wasn’t a good idea

[@nextinstitute7824]

To whom?

[@8nfinityXP]

@@nextinstitute7824 do you think it was a good idea to

[@saripahismail5765]

Thank you for the good informations from all the countries.

[@jsphfalcon]

As long as might is right, Africa will never change. If you think about it, it took a lot of iterations before modern day democracy gained traction.

[@gilbertfranklin1537]

And it's still a work in progress!

[@rockyroad7345]

The west has given aid and loaned untold billions in Africa for decades upon decades....and for what?

[@jfkst1]

Until genetics changes, or is mitigated with AI, nothing will change in Africa.

[@AsafKornboim]

Africa is China's 2008 prime mortgage. Let's give a bunch of money to people who couldn't possibly pay us back because the collateral is so much more valuable than the loan. This is hedging strategy against a minority of deadbeats, not a market strategy for a majority of deadbeats.

[@sleepyjoe4529]

Your ignorance is hilarious. A report published last July by the British NGO Debt Justice showed that 12 percent of the external debt of African countries is owed to Chinese lenders, compared to 35 percent to Western private lenders. The average interest rate of these private loans is 5 percent, compared with 2.7 percent for loans from Chinese public and private lenders.

[@AsafKornboim]

@@sleepyjoe4529 You've referenced evidence, what is the argument?

[@anthonyburke5656]

I remember being in PNG after a period of “unrest” where a lot of Chinese and Japanese businesses had been looted and burned. I was talking to locals over a beer and asked for their takes on causation. The comments were the usual: visible, wealth flaunted, exploitation etc. then one man said, I quote, “Of course there is the traditional cause”, all the locals nodded. I didn’t know what was meant and asked. I was told “They taste much better”!

[@felixbishton3955]

Interesting video! Only thing I’d add mention though is that China’s holding of US treasuries was to peg their currency. Also falling interest rates actually mean the value of bonds you own increase.

[@ampa4989]

Plus, no one owns US treasuries and bonds because they're lucrative. The guy doesn't know economics.

[@CanadianAnglican]

Africa was warned about this. Africa will never learn.

[@ksgrmdsdl2383]

Truth be said, things that Chinese have done in Kenya (especially infrastructure-wise) within 15 years could never be done by Western countries in Africa in even half a century. For example, the Standard Gauge railway has spurred economic growth in Mombasa and Nairobi as it has enabled faster movement of people and commodities both ways. Second, there are several major roads that Chinese have constructed to international standards across Kenya, with the main ones being Nairobi Expressway and Thika Superhighway. These roads have stimulated Kenya's economic development no doubt. Chinese are very fast and effective at executing such mammoth infrastructural projects.However, the downsides of these projects is that they are costly and will take Kenya several years to repay the loans. At the same time, Chinese have been reluctant to extend some of these projects specifically Standard Gauge beyond Nairobi into neighbouring landlocked countries like Uganda, which would have been even more viable economically.

[@Capitalist_Pig314]

So what if the Kenyons don’t pay the loan back and give China the finger how are the Chinese gonna enforce the terms of their loan? Giving the loansharking practices they have used I don’t have a problem with people failing to pay them back. Generally, I am on the side of the lenderpeople should be responsible for their debts. However, I don’t feel the same about Loan sharks.

[@Ezekiel903]

agree, beside that, China is still a poor country, over half of the population lives from 300 dollar p. month!

[@o0oLukeo0o0o]

The loans are written up against the assets of the country like Sri Lanka where China now owns the port and the land it’s built on.

[@khalilmohammadmirza4070]

In reality if Kenyons do not pay China. Chances of getting any debt are less. You need debt for growth. They are kicking themselves.

[@Western_Decline]

@@Ezekiel903visit China sometime. Those who do, realize it is the West that is deteriorating rapidly in all observable metrics.

[@ArawnOfAnnwn]

Loan sharks lol! African nations themselves preferred to borrow from China over the IMF and the west. Cos that's how bad their previous 'loan sharks' were. The Chinese have been far better than the IMF was, hence why they still seek them out even as China itself is pulling back. Cos the last thing they want is a return to the IMF's pattern of loans. See the history of the Structural Adjustment Programs for how bad those were.

[@yuglesstube]

The Australians forgot all about the Pacific islands until the Chinese rocked up. Now were throwing cash at them!

[@luckyomo3985]

white man talking about africa when him do not know about africa

[@mwanikichomba5407]

This guy couldn't hold more than 20 second to start the lies😂😂. Kenyan debt composition comprises of

[@youme1414]

It is funny all these Westerners think we don't know what is happening in Africa. The same with Nigeria's debt.

[@polluxli0507]

Typical European and American reports. Aim at an angle that is beneficial to you, zoom in infinitely, and interpret. Use garbage data and a huge voice to inject the reader's brain, making ordinary people think they have learned the truth.

[@Kite-te9km]

​@@jamesikigai5604 😂😂😂😂 You don't have to take channels like this serious my friend. 😂😂😂 Achana nao!

[@chipcook5346]

Just like American banks did forty years ago. It's difficult to express how happy I was about the Belt & Road Initiative. I was not alone. You knew that money spent there was tossed into a bottomless pit. Adding Chinese arrogance made it all the more sweet.

[@GhulamMustafa-je2lx]

No country is poor. It's its people that are poor.

[@terryward1422]

Can you do a video on Africa's economy.? Who is growing and how fast?

[@gilbertfranklin1537]

Maybe Africa needs to learn DIY? 🙄

[@tomsewell2462]

The video shows local guys doing the work. But doesn't Xina always bring in it's own Sheenese workers for these B&R projects? Thats what other channels say. Rarely do they use locals and provide jobs to the people.

[@gilbertfranklin1537]

That's correct, Tom! The Chinese are masters of diverting gains back to themselves... labor, equipment, supplies - all paid back to China from the "loans" they hand out. Plus with interest!

[@ronjon7942]

What I thought.

[@domdom7084]

Be great to see what China presence looks like in South America in relation to the expansion of BRICKS. Are they moving there instead?

[@adelitavalle1852]

In Los Angeles, the Chinese abandoned a building project.

[@lawrencevirgil6598]

China is going through their own problems at the moment. I’m sure this has more to do with holding onto their money for emergencies and less to do with not wanting to help Africa. They can’t afford to spend as much as they did in the past.

[@mizzmini45]

Please stop saying HELP. These are predatory opportunist who thought running an colonial empire would be easy and failed

[@averageadventure200]

Western agression and hate towards China means more money need to go to the military instead of aid to Africa

[@gilbertfranklin1537]

@@mizzmini45 - "Predatory Opportunists" is perfect. May I borrow that phrase?

[@JackHawkinswrites]

Chinese debt is off the charts. The entire system is a house of cards

[@dcc70]

China has been trying to catch up to the West by any means necessary, including taking shortcuts (IP theft, inflating GDP, shadow banking, etc). If they had been content to grow slowly but steadily, they wouldn't be in such trouble now.

[@anthonyyawtwumasimensah197]

The west is also an unstable house of cards. Any debt based system is bound to turn out this way.

[@Mehwhatevr]

yeah, china may be abandoning Africa the way he says, but it's not because they want to.

[@in4ser]

Still peanuts to America's or Japan's. Chinese government debt is around 80% when compared America's 123%. The West purposely manipulates data by using TOTAL Chinese debt at 287.8% vs US or Japan GOV debt. However, in actual 1:1 comparison with total debt for the US is 723.7% or 1,323.3% for Japan. Since US has a much more "developed" financial market, its private debt is a much greater risk to global stability than Evergrande or Countrywide was and will ever be. The wide adoption of derivative instrument from the Black-Scholes equation means leverage used by institutional investors means debt burdens are several times more than the underlying asset, with so much of that monetary valuation being fake so once another crash happens it will be cataclysm and require another bailed out because they are too big to fail or everything collapses into a deflationary death spiral.

[@averageadventure200]

it's a drop in the bucket compared to USA

[@user-bp7wg4qs6e]

China's loans are not cheap. 6% I believe, vs 2-3% IMF.

[@ac-uk6hs]

You're totally wrong bro

[@mihailmarcu1732]

It seems you do not understand comunists' mentality, their nefarious lack of scruples on the one hand and their incompetence on the other.

[@wu05354207]

Sri Lanka ??? Since when has that country been part of Africa !

[@Rob_F8F]

So, is China using a Sri Lankan port for its naval ships?

[@JonySmith-bb4gx]

How many bases of USA ?

[@zuriyel5368]

It's not. Their contract stipulates that China cannot use the port to harbor any type of military vessel unless permitted by the Sri Lankan government.

[@Rob_F8F]

@@zuriyel5368 Thanks for answering my question.

[@icu17siberia]

yes they are.

[@JonySmith-bb4gx]

@@icu17siberia which country has military bases in 80 plus nations

[@seemanprabhakaran224]

2 mins of content and 12 mins of ads and then constant interruption with utube ads...i give up

[@yours-truly572]

so let me get this straight , You admit China wanted Africa's resources as the ulterior motive for offering cheap debt, but when this plan fails Africa is the bad one? You just said that China had the lion's share of all influence when negotiating the debt but when the whole thing goes tits up it's Africans fault. You just said that there was a ton of corruption with these projects and accounting tricks, overestimation of profitability and somehow surprised when it doesn't turn out peachy. To top it all of with Sri lanka as an example of malinvestment in Africa

[@alexrenn2479]

This guy, just look at his attire, says cocky all over, this whole VisualEconomik is the biggest BS on YT. They are snake oil salesmen for failed right-wing, bordering on Ayn Rand, neoliberal shite and full of it. They can't be taken seriously.

[@cezaryadamski8786]

In other words God bless China , at least Africa get much needed loans . They are happy to sell their natural resources so I'm happy too

[@basheersujeevanam6319]

I thought that this fellow is innocent and politically neutral but now the colour is clear. Thanks. A real agent of colonialism and capitalism.

[@dcc70]

China found out running a colonial empire is not as easy as they thought

[@dennisestradda9746]

Especially under one man

[@geoms6263]

haha

[@sleepyjoe4529]

The West made it look easy.

[@DW-op7ly]

China is doing fine... They have an 800 billion dollar a year trade surplus with the world. Instead of buying US debt they loan out the money to African Nations

[@ArawnOfAnnwn]

You don't know what colonialism is if you think any of this is at all comparable to it. Colonialism saw to the deaths of HALF the population of the Congo. Nothing China could even try to do there today would EVER compare to what the west already did.

[@MedicalOkami]

The irony a european concern-trolling Africa with regard to neo-colonialist claims is fundamentally absurd. Europeans did the same thing + war and genocide for 300-400 years. China comes in and makes a fair deal with Africans, and Europeans have the audacity to complain about Kenyans or Namibians siding with China. Like, dawg, for the love of Christ, look back at European history and compare it the chinese. Who is acting more humanely? Who actually demonstrated care for their trade partner? This is an ABSURD video.

[@nextinstitute7824]

@@OOL-UV2 It think the core of this video was to show that China was trying to do the same, but failed. Africa is holding all the resource cards. Start playing them... Perhaps try to keep the Wagner group aka Africa Corp out, who are now to plundering the mines...

[@JonySmith-bb4gx]

​@@nextinstitute7824source ? Proof ?

[@comment8767]

British were liked by many Ghana tribes because they imposed peace, after centuries of tribal warfare.

[@JonySmith-bb4gx]

@@comment8767 source trust me bro Then why don't Ghanians rule UK for same amount of time ?

[@comment8767]

@@JonySmith-bb4gx Just like Ghana, the US was ruled by the UK also... but not vice versa. A Ghanaian was Secretary-General of the UN, if that makes you happier. The Ewe Tribe in Ghana voted 8 to 1 against independence, because they wanted the British to stay. You can learn something if you read history books.

[@Leto2ndAtreides]

As far as it goes, the Chinese were open enough to other countries joining the funding of the Belt and Road Initiative... It's just that other countries didn't make that choice. Maybe if obvious profit had been generated, more countries would've joined in... But profit is hard to quickly show on infrastructure investments.

[@multiverse-UFO]

I told everyone not to help Africa. Now everyone is learning the lesson 😄

[@DigitalIslandboy]

The west is sooooo jealous it is hilarious.

[@Independent_analysis]

Exactly even though Western leaders land on Chinese-made airport in Africa

[@gentiannushi3343]

The trouble with Chinese investments is that it rarely benefits the local population. Any mega building project China builds it with raw material imported from China free of any import duties and even the people working in the project are mainly Chinese. The country is left with a finished project and the debt to pay. No benefit whatsoever for the local economies. That is a very unhealthy way of receiving direct investment as it doesn’t create any jobs or bring in any foreign currency.

[@Zergcerebrates]

You mean the dams, metros, airports, bridges, schools, power grids, freeways, railways, and seaports that China built all over the continent doesn’t benefit African countries?

[@ashapuhin72]

in short, china gave the country a block of concrete, in this case a very big block of concrete, and says this block of concrete is your loan and you have to start paying me if not we own your natural resources..

[@AL-lh2ht]

Yea it’s basically china subsiding their construction industry (about 2/5 of the economy) but making the host nation foot the bill.

[@comment8767]

The country is also left with a large population of half-Chinese children.

[@Myko349]

this money goes back to China as Chinese companies are hired to build the infrastructure and hence it just revolves back to beijing in taxes and disposable income as well as remittances

[@gwenweight6916]

That ad sounded like poorly translated Mandarin. A little bit of the video did too.

[@jameskamotho7513]

Kenyan here. Someone has already corrected the videos inaccuracies about us so I wont dwell on that. That said, the debt notwithstanding, I should add that ordinary Kenyans are grateful to the Chinese and hold them in relatively high regard for funding several critical infrastructure projects, since we would never have afforded them nor were Westerner lenders interested in funding them, such as the Nairobi expressway, a PPP project that's paying for itself. It's also true that they've lost money in small countries where one can argue that, they wanted to buy influence from but in larger ones, they haven't and have refused to even restructure these loans. China has lost quite abit of money. All in all, I hazard that they consider it a success by cultivating good will with the African people. Tanzanians and Zambians for instance, still speak fondly about the railway connecting the two built by the Chinese in the 70s. $100bn isn't so much for a country sitting on $3 trillion dollars...

[@MuantanamoMobile]

@@marcv2648 more with your tired oldracist tropes. There was no gifting of anything except by theUSSR and China, who offered scholarships, training, and buit massive infrastructure for the countries they helped liberate, asking for or demanding nothing in return. The Gau train...was fully funded, built and maintained by South Africa..no gifting involved.

[@jameskamotho7513]

@@marcv2648 That's another matter altogether. They've built roads, dams, hospitals, libraries. I don't know if you are African or not since it would give me context on how to answer you.

[@hiramkirimi1124]

Next time, try and get verifiable statistical data on debt, especially your assertion of Kenyan debt stock and how much is owed to China.

[@chopsticksandtrains]

Good video. Greetings from China.

[@donwinn8551]

Out of the gate, the project is called the “Belt and Road Inititative”, not “Silk Road”.

[@nextinstitute7824]

At just to be called Silk Road before it became BRI.

[@anthonyk423]

Dude cut the BS. It’s a reason the IMF and World Bank wouldn’t lend these African countries the money and the Chinese knew that but did not care. China is not abandoning Africa because the amount of money it gave to Africa decreased. The money going to Africa decreased because China is having major issues with its own declining economy. China was in Africa to benefit China and gain influence in the region which it did and got major resources in the process. Sri Lanka port is one instance he mentioned where China wanted to turn it into a military base which China did want to do but the reason it didn’t happen was because India strongly opposed to it and lent money to Sri Lanka as a friendly no go to changing the port to a navy base for China. The story did nothing the change the narrative about China being in Africa.

[@nextinstitute7824]

Yes, I forgot. Indeed, India stepped in.

[@Ruth-os4mi]

Empire of Dust.

[@dermeisterdesspiegels3518]

Great documentary, saw it on KZbin. The real enemy was the gravel 😂😂

[@cayminlast]

Excellent documentary, gives a little insight into the problems and cultural differences.

[@MuantanamoMobile]

EmpireOfLies...

[@dermeisterdesspiegels3518]

@@MuantanamoMobile BRI you mean or something else?

[@markgarin6355]

If you have the loans in place, not making new ones doesn't indicate you are mivibg away. About time you figured that out.

[@Mrpeace1900]

The corruption in Africa, precisely Kenya, can never let the country grow, the debt that they receive from lending institutions and countries are heading up in the offshore bank accounts, Swiss Bank ofcourse, Africa needs reform by electing merits based individuals.

[@mna7308]

🤣🤣china leaves africa source western msm😂😂

[@concernedcitizens4110]

With many instabilities arises in Africa it seems that many of Chinese and Russian investments will be a dud investment. China’s Belt and Road initiative could resulted in more than 1 trillion dollars of bad debt expense that alone will resulted in default in more than 154 countries that already part of this initiative, thankfully Italy and Philippines already doing the smart move of withdrawing themselves from this initiative. Perhaps this is what China and Russia wants a coalition of failed states that obey their every rule. But hey if that’s what they want, go for it because for once they cannot blame the West for this fiasco.

[@garulfo2]

mmm misleading video that downplays China debt trap strategy. For example saying that China is the biggest bilateral creditor but not considering multilateral organizations... doesn't say much : China has interest rates several times higher than IMF.

[@zuriyel5368]

Actually they don't. That's why all those African countries are so much more willing to deal with China over IMF. Sri Lanka asked China and India for debt equity swaps so they could use that money to pay the IMF and World Bank so they wouldn't have to default on those loans, because they were trying to escape from IMF and World Bank.

[@garulfo2]

@@zuriyel5368 they were trying to escape from IMF and World Bank because they want realistic financial plan and investment. China is willing to loan money "no strings attached"... they don't care what nonsense or corrupt official you pay with it as long as you pay higher interest rates.

[@kevinliu52]

Does the US do the same thing?

[@famouschappi]

Yes, via IMF but so what. 😂

[@doujinflip]

Chinese loans are problematic because judicious write-offs are a vital component of achieving larger developmental goals. Western lenders are at least sometimes open to debt forgiveness, unlike China who at best might delay the payment schedule but _always_ want all of that money back.

[@ME-xc1st]

They are open to it in the first place because they already got their share from their high interests on loans that they strictly evaluate as not risky whereas China can’t with their lower interests on loans full of risky projects that only pay off long term.

[@sleepyjoe4529]

This is straight up false. China forgave 23 loans to 17 African countries. Google is free my guy.

[@user-cc7yv9xl2i]

Google world map IQ.

[@dannylive3000]

Bot

[@hydoffdhagaweyne1037]

As an African, I was really suprised when China started to put huge amounts of money into African given the nature of Africans and it's governments. What were the Chinese thinking?

[@user-cc7yv9xl2i]

@@hydoffdhagaweyne1037 China thought they could do to Africa what the USA has done to Europe and turn it into an extension of their economy and foreign diplomacy.

[@user-cc7yv9xl2i]

@@hydoffdhagaweyne1037 They saw what an useful lapdog Europe is to the USA and tried to replicate the same in Africa with the same tricks, but subsaharian Africa problems cannot be fixed with money.

[@AlmaVasquezjr]

Africa has a morality problem. When they tried to put in phone lines, people stole the wire. Now they have cell towers, guards protecting the towers from metal thieves

[@thomasecosse]

The US, EU, WB, and Western Banks will only invest if it has a high probability of success, we want our money back as the interest rates are much lower, the Chinese charge much more, and lots of strings, like non-disclosure agreements.

[@zuriyel5368]

Not true in the slightest. Every single person in Africa will tell you that Western loans have a much higher interest rate along with conditions set upon the African countries such as dictating the policies of the indebted countries along with them selling their mines in return for a loan extension.

[@nextinstitute7824]

@@zuriyel5368 No, you are mistaken.

[@thomaskeenan2208]

Apple apparently invested $10 billion in car development but now shifting direction. Hindsight but sometimes need to cut n run another way.

[@charlesjermyn5001]

I don't want to take the defense of China but, do someone remember the "Oil for food" programm the USimposed on Irak, I don't remember it as a phylantropic measure: China in Africa, "give us minerals and timber if you want can't repay your loan"; US in Irak "Give us your oil or you'll starve". Not the same level.

[@MBBurchette]

The Oil-for-Food was a UN program. Learn some history chuck. Iraq was being sanctioned (also by the UN) for murdering their own Kurdish minorities with chemical weapons.

[@quolpmu1232]

Because there is a difference between a trade oil for food and a debt trap China: "we build bridges with our own men first and then you give us what we want and if you can't we will ask for more." For example America will give food for $5, while China will give you $1 million worth of food and then request you to pay it back next week.

[@col06007]

That was a dark time in US foreign policy. Truly George Bush was the worst president of f my lifetime.

[@chillxxx241]

Sure

[@dcc70]

At least the Iraqi people get to eat from exporting oil. The ordinary Africans get nothing from giving up their countries' minerals.

[@wordscapes5690]

I feel truly sad for most African countries. They have been so exploited by the west, and now they are being exploited by the CCP. They turned to Cuba, Russia and China (and rightly so) because of the way they were abused, and what happens? The same bloody thing. It is heartbreaking.

[@pranavingale6850]

Exploitation is the reality for any country! If any country in the world stage shows vulnerability, there will be other countries taking advantage of it! It's time Africa get their shit together, it's not always outside fault! If you are strong from inside, no outside force can take advantage of you!

[@wordscapes5690]

@@pranavingale6850 This would be true if authoritarian rule were not the most prevalent form of governance in Africa. Unfortunately, it is very hard to “get you sh*t together” when there is a military boot in your mouth.

[@iivarilappalainen9836]

@@wordscapes5690 tbh when your country is unstable and things just dont work properly, authoritarian government is basically exactly what is needed for a while to hammer through the necessary actions to pave future chance for the later sustainable civilian government. ....but unfortunately when the authoritarian government comes instead with corrupted military leaders that are only interested in personal shorterm profit ...only to be always replaced a new exactly similar leader, then ofcourse things are never going to improve for real. And many foreign companies and countries like china and russia are very, very keen on taking advantage of such leaders ..because thats really not that much different how their also run their own countries as well. So imho the african key question really is that where africa is going to find more leaders who are genuinely interested in the best of africa and their own people? Thats something no one else can do.

[@pranavingale6850]

@@wordscapes5690 that's what my point is! The so called authoritarian/military leadership!! In the end they are the citizens of that particular country! My point is it's not others fault that Africa still today is in a dire straits! They, their people be it leaders or military or whatever, they have to have some nationalism and think beyond power and think and do for their nation! Only then Africa will grow, they gotta stop blaming others!

[@wordscapes5690]

@@pranavingale6850 Yeah - that seems like a very far right, racist attitude regarding Africa, mate. What makes you think they “blame” others? This seems to me a construct of your own mindset, not theirs.

[@deanchristie3829]

What are you saying? Africa will not put up with tofu-dreg projects. China would have been better off by just burning the money. (I heard this statement on another video.)

[@DigitalIslandboy]

People need to use better reasoning. Who said Africa is failing? Africa just went through 2-3 years of COVID shut down. And now Europe's Ukraine war games. Who says it is actually Africa failing? How is Europe doing economically right now honestly?

[@icu17siberia]

this talk will stop when aid to Africa stops...no excuses

[@T00Busy113]

Those infrastructure needed by Africa as of 2024 has been built, it’s just silly to throw more money into Africa when there is no more or very little demand for major infrastructure in Africa, Chinese money would be more wisely spent elsewhere

[@mickgatz214]

To cut a Long Story Short. Corruption, it only took me a sec to type that. :)

[@JonySmith-bb4gx]

😂😂They said it right When china arrives we get hospitals roads When USA arrives we get lectures

[@arnold254]

Great video but China does not hold >70% debt of Kenya

[@therewolf000]

The Paris Club is not a lender. It is a group of bilateral governmental creditors who restructure existing debt.

[@stephenlogan11]

Sometimes the words location, location, location tell you a larger part of the story. China wanted a base/port they controlled close to India. The money they lost is well spent on the fact China got what China wanted. The US spends money left and right that fiscally makes no sense but strategically shows the importance of a place/region.

[@moezsohail5398]

I hate how you promote holafly in mid of the video. It breaks the attention and is not good for user engagement. Add these promotions at the end or start. However, if you want to add them at the middle of the video at least make chapters so it becomes easy to skip that part.

[@hindaibrahim8463]

There is no free lunch anywhere. You pay the price but one is worst then the others.

[@nkristianschmidt]

Hi ... if you buy a bond with a 5 pct coupon ( interest rate at par value ) and "market" interest rates fall to 1 pct on new bonds, the bond you bought will rise in price in the bond market. So ... China won on their bonds bought before 2008 when the interest rate was manipulated down to 1 pct after 2008.

[@maalat]

Great infrastructures though, that’s a start to assist Africa.

[@gilberttello08]

👌👌👌

[@alexanderyancey7670]

It's called "busting your pick ". They are in a long line of thise who have experienced that. See "Empire of Dust".

[@Phobos11]

It’s almost as if the problem in Africa is the tyrants in power and not money

[@sagar3455]

China needs political and strategic returns on its investment rather than economic, and using heavy loans with opaque conditions is more convenient. The drop in Chinese financing in Africa is more due to China's internal debt crisis and property market collapse rather than loss of interest in Africa; the prime example is Chinese loans to Pakistan. Pakistan suffers from all the disadvantages of investing in Africa with lesser benefits than Africa could provide, and it has proved unable to pay back the loans; China is still willing to finance Pakistan.

[@zacksmith5963]

India best achievements so far India's Hunger index 2013: 63rd rank 2022: 107th rank India's Happiness index. 2013: 111th rank 2022: 136th rank India's press freedom rank 2013:79th 2022: 150the the fourth pillar of worlds largest democracy is no more India's unemployment rate 2013:4.9% 2023:7.5% Unemployment rate never increase in growing economy.. india is growing only on paper and by loan India's Debt before 2014: ₹55 lakh crore 2023: ₹155 lakh crore India's GDP from 2004 to 2014: $709 billion to 2.04 trilion (almost triple) India's GDP from 2014to 2024: $2.04 trillion to 3.6 trilion (expected)...not even double

[@sagar3455]

This statistic is entirely irrelevant to the discussion, but then again, Pakistani people and Chinese bots have only this going for them. I won't cross-check the data for India; it is what it is; that's the reality; people are working on it.@@zacksmith5963

[@JonySmith-bb4gx]

​​@@sagar3455 who mentioned pakistan ? I know u r an indian pajeed . U mentioned pakistan . He showed India

[@sagar3455]

I am mentioning Pakistan as a comparative example, but nothing else. It could have worked with Bolivia, Brazil, or Venezuela, but it's more complex to explain here. I am much more familiar with the case of Pakistan, too. Nothing more.@@JonySmith-bb4gx

[@jackwalker9492]

Any Africans help me with some advice on countries to visit in Africa? So far, I am thinking of Senegal and Botswana. I have friends in South Africa, but the crime rate takes the fun out of what I want to be a vacation.

[@bluetorpido5929]

can't say man honestly the east where im from has been ravaged by war, theres more tension than even usual in both the north and east, try your luck on a western country but even there, theres uprising, a lot of things are just erupting in chain

[@jimg1056]

Don't be fooled to think the high crime rates mean anarchy (like Haiti, no offense). SA and a good number of African countries are relatively safe with stable policies, macro economics and political stability for the most part. Both SA and Botswana included. I would advise against going on Senegal and SA on election year though

[@rimozione_cittadinanza_a_l4847]

You look cool Sir!

[@anthonyjackson7336]

Africa is not resource rich, not even top ten. US is number 2 in terms of resources and no Country in Africa cracks the top ten

[@anthonyyawtwumasimensah197]

What metrics are you using.

[@dennisestradda9746]

@@anthonyyawtwumasimensah197Chyna has no oil

[@canelo1728]

Exactly. It is just cheaper in africa.

[@anthonyyawtwumasimensah197]

@@canelo1728 what metrics are you guys using to judge the amount of natural resources in Africa.

[@anthonyjackson7336]

@@anthonyyawtwumasimensah197 look it up. Russia is number one and USA is number two. Africa is not even on the list.

[@NineDiamont]

Yes China like EVERYBODY ELSE have their own interest in mind when doing business. No one else besides China was willing to lend African countries money. Instead of complaining and blaming China the west could have stepped in and helped Africa, but they didn’t. So just shut up and don’t be hypocritical!