China's Grip on Africa Is Finally Sparking a US Response
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- Опубліковано 17 чер 2024
- Chinese President Xi Jinping’s Belt and Road Initiative has plowed billions of dollars into infrastructure projects in Africa. That’s given Beijing prime access to the mining resources that will underpin the upcoming technology, energy and transport revolutions.
Now the US has fully awakened to China’s ambitions. President Joe Biden is championing new investment in a railway that will transport copper and other minerals from Zambia and the Democratic Republic of Congo to the Angolan port of Lobito. But is it too late for the US to catch up?
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00:00 Introduction
00:51 KoBold Metals and the Central African Copperbelt
02:32 The Benguela Railway through Angola
04:06 China’s stuttering Belt and Road Initiative
05:30 The G-7’s response to Belt and Road
06:28 Trafigura and the US’s rail investment
Camera: Zinyange Auntony
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"How dare you exploit Africa!!!" Says US and Europe....
Fantastic sarcastic humor.
African did not learn from past experience they should not have allowed either china or west. Rather they should have asked them to invest into their country and make here and sold final product to the world.
It's more like 'How dare you help Africa!!!'
BUT SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗
@@joey3291it’s really not
China come to Africa to talk about trade and investment. The United States come to Africa to talk about China.
And LGBT laws trying to influence us😅
Lol you think you're so clever with your disingenuous comparison
@@valetudo1569Are you a man or a woman? I hear you guys can't tell the difference 😂
@@28gire-jp1tw Lol oh wow my feelings are so hurt
@@28gire-jp1tw those words were spoken by a president of Africa to a german minister 😂
US are not comfortable with 50-50 win win trade deal. They are used to 90-10.
According to Niger's deal with France more like 99.999-0.001
110 to -10 (slavery)
@@TheKkpop1 You're still too nice. The USA first ruins the country, empties the ore reserves, impoverishes the local population, exports Africans for the sale of slaves and makes the local population work with sticks and whips.
@@TheKkpop1 This the US and the west hates Africa and African people, 0 other explanation for what they treat them like slaves
Then we shall give them 10% and we keep our 90% bcos all Africans shd have the share's of 50% and AU gets 10% ,private Africa company 10% and the African government company has 10% and investors 10%,
So.. US intention is never about helping the African nations..
It's not China's either. All foreign aid is ultimately meant to advance the interests of the donor, it's up to the recipient to negotiate what types and how directly they'll let the donor operate based on what benefits they expect to extract from the deal going forward.
without the guns and killing innocent people tho, lesser evil if you will@@dimitri3603
@@dimitri3603 Your comments reminded me of Russians see the rest of the world is just as bad and cynical as Russia.
@@doujinflip So.. the concept of mutual beneficial relationship doesn't exists to you?
It's about creating jobs, so we don't get invaded by 100m africans.
You can already tell the exploitative nature of the U.S.'s so called "help". The very first sentence of the video: "It's about to get hundreds of millions of dollars of US investment with one goal in mind: MOVING VALUABLE NATURAL RESOURCES ... TO THE WEST."
China: Infrastructure
USA: Lgbt
Africa stayed poor when the US was a dominant power and starved. With China, some Africans became rich and many lived better.
its very telling, USA only wants to invest in Africa because of an ulterior motive to "catch up" to China's investment, where as China first invested out of their own interest for minerals. I will let you decide whose investment will be more stable
becuz U.S. let chinese exploit minerals all over the world to feed their industrial in China.. it's time for U.S. play their card as well..
Yea and when resources run out and countries cant pay back, you better get ready new landlords ( China ) to take over. But this is huge dilemma, Africa needs stability but at what cost? So unless Africa can really start controlling their country rather than China, EU or US doing it, the point is that this is Colonialism 2.0 .
@@blackfoxstudioX you are seriously misguided, many countries across the world sell their minerals/resources (oil, gas) this is called normal export/import. China is building ports, railways and hospital, dont be jealous of that you little teenager
@@blackfoxstudioX you know that china already forgives some of those loans, right? Also,
@@blackfoxstudioXChina and Russia are leading the way with loans forgiveness to African countries, which the US and Europe refused to do, and by the way the west is the one doing predatory landing not China
If the United States returns to Africa just to balance China, I bet it won't succeed. If the United States enters Africa with the same purpose as China, to carry out trade with Africa and achieve a win-win situation for investors and Africa, and to compete fairly with China, then this will be a blessing for Africa.
You think China is currently doing what you’re asking USA do? Definitely not. 🤡
China doesn't own Africa. In fact part of the BRI loans have trapped different countries including in Africa that aren't making the countries any money to PAY for the loans they took. So they're defaulting on loans. China didn't go in and spend 100% of their own money for these projects. It was a combination of Chinese money and Chinese loans.
So I don't see how that's a win-win for these countries. It's so laughably one sided in favor of China that more and more countries are not taking on BRI projects. Even with these resources being mined, because it's Chinese companies doing the mining the govt. makes almost nothing except mineral rights and I'm pretty sure China figured out how to pay almost nothing for THAT. Oh yeah, with the debt traps they created which then forces these countries who default, and different countries already have, to basically give away rights to resources.
The devil's in the details.
If the US invests it will be better than anything China is currently doing.
"Sadly, no". That is unfortunately not the America I was born in! "win-win" is not our way, it's not something we say, we want it ALL! HOW will we "catch up"? We aren't building any roads or railways, we're not there for the long term, we're spending all our money on military stuff even IN Africa! Is there a Chinese equivalent of AFRICOM? We don't have the budget or the organization to compete here.
@@leonardpearlman4017 LOL yeah the country that completely changed the world to technocratic monetary and trade systems as opposed to mercantilism's land-empire gold party.
@@johndoh5182
When the country defaulted on Chinese loans, what have they got to lose?
Surrendering the project to China!
How is that a loss?
If you are the mayor of a tiny town in Alaska, and your town is in urgent need of a hospital, so you convinced a contractor to build one. Upon completion, you have no money to pay and you told the contactor to take over and run the hospital himself so he could recoup his money.
Who is trapping who in this case?
it's kinda sad to think that without BRI, the US would not even think of helping these countries out
No, US always help with Democracy and freedom.
@@AnglersUAE US only brings destructions and suffering
@@AnglersUAE not what my comment was about but ok, in my honest opinion US does help with democracy and freedom when it suits their interest am not saying that's wrong but don't go around saying US is fighting/helping democracy and freedom when it's all about their greed
It's not true, the US don't build they destroy only, they couldnt help their own country how do you think they are going to help Africa😂😂😂
OP - The US already contributes tens of billions of dollars of grants and aid every year to the African contintent, this is about expanding infastructure support.
As an African I welcome China to our continent, and demand the West to leave us. All we've ever had from western countries was exploitation. The only reason they are thinking about"helping" is if that they want to compete with China.
China is copying the old imperial playbook, i’d be more weary of them
As an American I can tell you China is no different. Don't be fooled.
Today, the Western push towards Africa is driven by the need to somehow "respond to" or "fight against" Chinese influence. If Chinese influence wasn't a factor, do you think the US and its allies would care about Africa to the degree they do now?
They don't see the countries of Africa as equal partners, neither economically nor politically. Rather, the West views Africa through the lens of old colonialism and how they can utilize African countries to fight against China. Which side should we be weary of again?
🗿🗿 you know the game
@@Winnas You're absolutely right. China has exploited Africans for millennia and colonized Europe for hundreds of years. The worst was when China bombed the USA with billions of Americans who died horribly in suffering. Fortunately, the American Indians came to save them. 👍
Reminder : US backed Build Back Better World hasn't spent a penny in Africa. It was just a photoshoot
100s of millions of dollars ?? US investment is like a drop in the sea lol 😂
They are a joke. There is always trillions for war and they pass the bill urgently without any discussions.
hundreds of millions spent on infrastructure, hundreds of billions spent on military 😂
I had the same thought when I saw the absurd amount in the USA. It seems that the USA, Europe and India are going to spend a few billion to counter China's BRI with its B3W. Knowing that China has spent more than 1,000 billion on BRI infrastructure. 🤣😂😅🤕🥸
😂😂😂 I don't have to see this video to already know this is true
The reporter almost choked trying to say it.
The fact that the subtitle is "Vying for Africa's Minerals" is very telling. The US is in Africa for the minerals too.. it's all a geopolitical game and Africans might come out as the biggest losers
Or the biggest winners with multiple investment opportunities..l
Only time will tell...
The point about trade is that it is a positive sum game - "win-win" is possible (in fact usual). Whereas wars, including proxy ones, are strongly negative sum - "lose-lose" is common (in fact usual). African countries are far far better off having major powers competing to buy their minerals than having those powers competing in proxy wars there, as happened during the whole of the Cold War. As the socialist economist Joan Robinson said "there is definitely one thing worse than living in a country being exploited by foreigners - and that's living in a country that's too poor and violent to be exploited by anyone".
@@Exxperiment626 What are the investments? Non of the investments talked about had to do with setting up industries in Africa. Extracting and shipping minerals will leave Africa as the loser.
Welcome to reality.
Agreed
US will always come to Africa with a lecture to tell.
The US will sucker the Africans like the British and make Africans poor and Americans the king.
And china will come with un payable debt
@@Eric00700 This information is readily available if you would like to see for yourself. African nations owe far more debt to Western institutions like the World Bank and IMF compared to Chinese ones.
@@realtissaye African and Sri Lankan debts for the West: 80% to 90%. African and Sri Lankan debts for China: 10% to 15%.
Westerners are shouting loud and clear that the world has fallen into debt because of China with its 10-15%. While the 80-90% debt to the West is beneficial for Africans.
I forgot to say that the IMF charges an interest rate of 20 or 30% so that indebted countries can never escape alive. While China has a rate of 2% to 5% for its borrowing.
@@Eric00700 US need to pay up their own unpayable debts first
"China's Grip"? China is doing what the former European colonizers should have been doing decades ago. China is actively helping Africa develop.
"Helping" 😂
@@denmaakujin9161Just look at history. China was one of the most developed civilization but they didn't interfere with other nation. Then the Europeans caught up with china. They cause all the problems that we have in the world right now. China is the only force that was can keep the Europeans in check by strengthening itself and as well as empower other nations that are treated badly by Europeans.
@@denmaakujin9161 Yes helping - no quote marks needed. Of course they are not doing it just out of the goodness of their heart - they expect to make a profit in the form of buying cheap minerals and selling manufactured goods and services. But the selling part can only happen if the B&RI makes Africans rich enough to buy those goods, so making Africa richer is an essential part of the plan - what's the point of getting cheap minerals if you can't sell the products you make with them? After all, the alternative is to compete by doing what the US and USSR did and just pour guns instead of money into Africa, which helped no-one except defense contractors.
@@denmaakujin9161 Yes, indeed. That's why the US, with some help of former European colonizers, is now desperately trying to 'duplicate' the BRI. Do you know how many Africans have been killed or enslaved and shipped to America by Europeans in the past 300 years? Many tens of millons! Do you know how many Africans have been killed or enslaved by China in the past 300 years? Zero!
@@kenoliver8913 Hear, hear! That's an excellent comment.
How dare you China! How dare you help Africa! (And make us look bad!!!)
"Chinese help lifting Africans out of poverty endangers US world dominance" that title should be a better fit 😂
China rails against US hegemony when China itself seeks hegemony. It's envy and jealousy at its finest
Actually isn't this also a big win-win for America and Europe too? Since they are always complaining and resenting Africans who attempt to migrate to their countries. As African countries become more developed, then Africans wouldn't want to leave and will stay to help their own countries prosper.
@@s._3560 Lol and how does China and Chinese feel about Africans coming to their country? China is probably the most racist against dark skinned people...stop it.
As an American of black/white heritage... I've always been welcomed in my home country. I cannot say the same for my black brothers and sisters I've met in China.
Facts!
Western Dominance will be more exact
China's way of doing business: "You scratch my back and I scratch yours"
America's way of doing business: "I gift you a trojan horse"
America gets: nothing (haha don't worry about it...)
@@grapesurgeon You think NSA doesn't spy on Africa?
Just miners
West: let's loot Africa again
how is chinese debt trap not a trojan horse?
The funny thing is that all the trains were in Chinese at the beginning, the Chinese gave the Africans roads, railways, ports, hospitals and schools, while the Europeans and Americans brought their own printing money
I'm learning Chinese
The west give us nonsense lectures on democracy and human right that they don believe
Are you sure it doesn't come with a cost?
@@johndough4343 Doesn't printing money come at a cost to Africans
Moreover, the support provided by the Chinese is to benefit every African, while the printed money only gives everyone corruption and then inflation, making the people poorer, and giving money without providing technology is even more terrible support@@johndough4343
The title should sound like this. Chinas friendly help on African nations is the way to prosperity! What a bummer!
Whereas the west is interested in debt trapped, staging coup, supporting war lords, geopolitical tension, cheat, lie and steal
China loaned funds to countries they knew could not be repaid and then as those loans came due China is trying to take over critical infastructure. It's predatory of China.
Clearly you’ve never heard of dept trap diplomacy
@@levismith7444 Debt trap is projection from Western countries. IMF and World Bank loans require policy changes and have higher interest rates than China's loans. If the US wants Africa to not take loans from China it needs to offer better terms than they do.
China comes to Africa to plunder and support vicious dictatorships, China always follows a philosophy called win win for China when it comes to its relation with foreign countries.
US Propaganda is EVERYWHERE.
Why invest only after China spending?
China is working on One Belt One Road .
The US is working on One Bomb One Road & Bad Mouthing China 😂😂😂 .
Impossible for US😂
For the collective west including the USA, the easiest way into Africa is to build more military bases and sell more weapons. Through conflicts, the raw materials go for a song.
It is our way!
Thats exactly whats happening in Iraq, Syria and Lybia. US is in to steal oil.
Regime changes too funded by the CIA.
So much ignorance from the west
Arrogance too.
"Hide your capacities, bide your time" - A wise old man
The West will cause their own demise
It's just typical racism. They cant stand to see non Western world escape their hegemony
And arrogant.
China took the risk to invest billions of dollars in Africa when Western companies refused to do so due to high risks in doing business in Africa, which were evaluated by Western Rating Institutions.
Right now, US and European countries didn’t hide their jealousies of China and tried to start their own version of Belt and Road Initiatives in Africa. Let’s see what US and Europe will do in Africa, not what they say the will do.
The US does not investment but to use money to dominate. Has the US made Africa better from the 70s or did they just feed Africa starch.
The US is currently there because of China.
That's the only reason.
China has always been in Africa.
Western countries invested trillions in Africa and also gave trillions in foreign aid. You don’t know what you’re talking about
@@Earthlybeing396 no they don't.... If they did, there would be no need for them to catch up to china lol
@@CulturalXplorer19 they invested 10s of trillions of dollars over the past century or so. A lot of those Chinese investments in Africa were bought from westerners for a profit .
China's BRI has huge impact in our daily life and we are really thankful for that
Thats like lecturing your neighbor for feeding the homeless when you dont acknowledge their existence.
China is making the US finally help Africa. 😂
Or at least talk about doing so! Maybe we will initiate a process to develop a plan? I don't think we can AFFORD to "catch up", and we're not that kind of people anyway! Since it costs us more to do things, and we want to OUTPACE those wily commies, maybe we have to start NOW spending at five or ten times the rate they are? I don't think we have the budget, much less the expertise.
US don't pay for roads, schools and hospitals in US... you think they will give money to Africa ? 😂😂
G7 pledges 600 billion USD to developing countries but nothing happens.
NATO,Talk Only No Action.!!
@@TheKkpop1 what do you mean NATO only talk? NATO send 100 billion a year to Ukraine to fight the communists.
China comes to Africa to plunder and support vicious dictatorships, China always follows a philosophy called win win for China when it comes to its relation with foreign countries.
The difference is that China and african countries really have mutual relationship, unlike US and european countries who came to africa just to exploit with their colonial mindset
you really dont think thats what china is doing
@@chwistofa yeah, that's what almost every foreign nation does to passive Africa, but at least the ability of China to threaten Africa with sanctions or military intervention is low, and Africans can manage it better than a US sanction that's fatal for the economy
Increasing US presence in the region makes the continent more vulnerable to such threats, we should understand any country on earth not being very open to the US
And I say this being an Ethiopian, African
What are you even talking about? It's well known China brings in their own workers, and disregards the locals.
@@chwistofathe fact is still there that China actually helped build infrastructure in Africa. What have western countries done?
They also lecture condescendingly.
US lost their chance a few decades back. In its absence China creeped in and held the fort.
No need to have fort! The Chinese treat them with respect n with dignity!
Russia & US are too busy fighting each others.. that China took this as an advantage by slowly having influence in Africa, Central Asia, and even Middle East.
US is more keen to engage in quick money by staging wars and geopolitical tension in the past 30 years.
Spending half as much in military base, the US would have the largest "fort" in Africa.
@@hylimm Imagine CCP treating someone with respect xDDD
When China proposed One Belt One Road they said it was a debt trap, when China succeeded they said they would rejoin the leadership
China borrow money to these countries and send their *own workers and their own products to do the job*
All the money comes back to China + interests and there are really not much new jobs made in Africa by the BRI itself.
But there is a railway, a road, etc and a huge loan. And a deal for China to extract the minerals.
China makes deals under the table with these leaders. Its not in the african countries interest, but in the interest for the leaders personally as they fill their pockets.
@@Questioneverything2050well i guess the US is enslaved to china because they owe china close to a trillion dollars...😂😂😂😂😂
@@Questioneverything2050 stop listening to western propaganda. Do your own research. Whatever you hear about china, google it and include the word "myth" in your search.
@@Questioneverything2050The US through its Vassal institutions like the IMF & World Bank have debt trapped developing Nations for decades. Stop the cap.
@@Questioneverything2050 you’d better get a fly to Africa to see by yourself. Africans are happy with the prosperity they are gaining.
China and Africa are fair trade, and there are no unequal treaties and no political preconditions attached.
It just comes with a cost.
China has an advantage pragmatism over ideology and racism
China not being racist? lol, the Chinese stopped their age of discovery cuz they thought the rest of the world had nothing to offer them. The name for China in mandarin is literally Middle Kingdom, as in, they see themselves as the center of the world.
Oh yeah Chinese aren't racist at all xD
@@hiimjustin8826not at all if comparing to your white guys😂
@@billshi6005 how much time you spent in China?
In US, even African American is more racist than US born Chinese, or any other ethnic groups. Thats a fact.
That’s cute, the most US will do is just give the money, with low supervision of where the money is going and when the project need more money, they just give more. Just look at Afghanistan, US invested billions but it’s no better than how it started and after the US left. While China provide the loan, expertise, equipments, and dedication to actually complete the project within a reasonable budget. But the difference is that China get tangible results & completed project and infrastructure while also boosting the nations economic trade and further partnership. The US could mostly just backmouth and drop bombs out of jealousy
"Who wielded influence here" ... sneaky way of saying "colonized"
Africa: "Please build roads for us."
US: "F off!"
China: "I can help. My loan interest is the lowest in the world. I know you might not be able to pay back, i will help you anyway."
US: "China is colonising Africa! China is evil."
Africa: "You help me then."
US: "F off!"
the truth is africans must get rid of their despot western puppets. They should not need china to build new roads as roads are already been and have been built by locals.
What is happening is that the leaders are selling most of the raw materials for pittance while getting kickbacks to personal gain.
China has an overcapacity of projects domestically, that's why they can justify to their own people that investments in Africa is worth it. How will the US justify to the American People investments in Africa when cities like Chicago, Seattle, Portland are in decay? What happened to America First?
Alternatively, instead of buying US treasury Bond by Chinese central bank, they withdrew their dollar reserves and invest in countries in global south to improve their infrastructure.
This move weakens USD hegemony, and boost economic development in Global South.
Got to be honest, China is very smart.
freedom to choose the life of decay...
That's the main reason for trying to sneak its way back into Africa, it'll need African resources to rebuild American cities. It'll need the copper, manganese, lithium, etc., and a bulk of the high grade ore, undeveloped mines for these resources are in Africa.
I wish the US will just do their thing and not having to react to China.
Local Population don't want to see anything that looks or sounds like US.
Do u think the USAwant to develop we the black African? They can but last half century show what they need from us. Look even in there country15% black people 75%prisoners r black. We have enough resources to live life. If we manage our resources.
Except for the fact that their "thing" is preserving their hegemony because 'the US can do no wrong'.
Americans are once again trying to tell Africa that Chinese people building roads, schools, hospitals, housing, and local industries are all harming Africa. It's really ridiculous. Of course, Chinese people want to make money, but this is not like plundering in the United States and European countries. Chinese people understand respect and equality.
Thinking that China is any better than western countries when it comes to exploitation is extremely naive. Its all a game of power and control to these superpower countries
Yeah. Also these Chinese investments different from US investments. 1st of all the Chinese gov didn't turn these African countries into autocracy by putting a dictator in charge for 32 years and killing millions of their population in the processes. You know like that country in SEA that have similar flag to Monaco. 😅😅
@@yusufwarohman9626Or Pinochet and other dictators in Latin America. The US are behind many of the world humanitarian crises we saw in modern time
@@Bluewsonwhy don't u prove it . Don't lecture Africans
America didn't realise that oil is not worth it anymore..they lose control with Saudi..now they late party for mineral..😂
African countries must minimise their interactions with the USA and Europe. Continue and increase trade with China. Trade less with a dollar and minimise the threat of illegal unilateral sanctions from America and EU.
Exactly, that is the only sane strategy.
African countries need to increase trade amongst themselves. Europe and the US always have their hidden motives, but the last decade has shown us the negative impact of dealing with China.
Corruption is rife in Africa, with little to zero accountability. That means the huge money China channels to Africa ends up in the pockets of a few and their kin. It's insane. Reason is because unlike the West, China has no mechanisms in place to ensure prudent use of the incredible amounts they release to Africa as 'development funds'. That's why many African countries are neck-deep in debt right now.
Plus, dealing with China comes with the additional baggage of allowing their cheap, bogus goods to infiltrate the market. And their laborers are everywhere, running the Chinese-funded projects. They are not the angels they are painted to be.
@@TheRuddboyy The fact that you are promoting the false Western narrative regarding Africa's debts to China I cannot take you seriously. Every one who cares to read knows that myth was already busted. Even the Western media don't use it any more. Again everyone can point the development by China. No one knows about the Western investment or what it actually does. We also hear about it in Western media. We don't trade with China because they love us but because their way is less predatory comparing to the West. Bring another point, your debt fake news don't hold water anymore.
Ok wumao
The US isn’t trying to develop African countries as they could have done this long ago, this is a move is to counter Chinas influence on the continent while also hoping to secure their own future needs
African countries have stopped standing on the ground and demanding the processing of the minerals and other value addition to take place in their countries. This will create jobs that are desperately needed in these areas. It will also bring in more money exporting end products rather than raw minerals.
believe me, US interests = evil's love
But some countries like zambia have already try to do that they were threten with sanctions and a invasion and right not, the west is funding warlords in the congo and comminting gen*coide
But African countries are highly unstable..and they have issues of unionising…..unlike chinese
OK for Africans who want all processing of minerals to be done directly in the country of exploitation. I agree with that 100%.
So for more than 100 years since Western colonizers exploited minerals, what have you done to make your countries rich?
Why didn't you process your minerals all this time instead of making loans to the IMF with a rate of 20 to 30%. While the country remains in poverty with no development?
For what ?
You don't have the technological means?
You don't have money?
You don't have the knowledge?
Are you under the control of the colonizers?
Have these questions you will have to understand why, you need loans to be able to advance, right?
You have the choice between an IMF loan at a rate of 20 to 30% with the impossibility of repaying for life and a Chinese loan of 2 to 5% with the construction of hospitals, schools, houses, roads for the population. Africa even before the exploitation of minerals.
@@TechnoGears-2023 where’s your source of imf charging 20-30% interest rates. Also China loans out money to projects which are not economically viable so when the country eventually defaults China gets more land and control of the country which entered into a loan agreement with China basically a debt trap. At least IMF makes sure that country x is has a clear repayment plan and that the project is economically viable.
Whenever I Need Some Stress Relief Jokes And Fun I Always Come Here To Bloomberg
Can you expand on this? Is the piece wrong in some way?
it's a bot
@@jewuloIt's comedic in how Western Media pushes their propaganda.
😂😂😂😂
An 8 minute video DETAILS the actions and exploits of foreign powers in the new scramble for Africa and its resources and HOW those resources will be shipped out then spends the last 5 seconds ASKING what Africans will get out of it.
The question is left unanswered.
It's happening all over again.
FOR AFRICA TO BUILD ALL AFRICANS MUST UNITE AND STAND WITHIN THEIR POWER. NO MORE PUPPET GOVERNMENT.
China for Africa : Build Roads, Bridges, Schools, Housing, Factories, Agriculture, Airports, Seaports, Dams
U S A for Africa : A SONG, and numerous useless N G Os and C. oup attempts
@@Xiolee1 stop inhaling
Africa needs friends like China
AFRICA DON'T NEED USA OR WEST...............period..........
BRI is great for China because China has over-capacity for infrastructure projects and as the world factory has huge demand for commodities. US enjoys neither conditions. It is the fundamental reason that US has neglected Africa until recently.
And China has lots more men than women too. They need to offload them to Africa since some will never marry in China
If they forgive debt, like Russia does, then they're objectively better than us (Europe), and everyone is better than the US.
Just look at what the US has done to Central and South America... And the rest of the world. They don't even help their own distressed states/territories. Porto Rico is in permanent debt and poverty.
The individual American isn't evil, but their country surely is.
We have a saying in Africa...vita vya panzi furaha ya kunguru....Now see without the Chinese coming to Africa the US would never have brought this investments here...this is a win win but make sure you get value addition
The number of countries that went from developing country to developed = zero from World Bank and IMF advice apparently.
Exactly...those two vassal institutions of the US have debt trapped developing Nations for decades now and still hold these nations hostage to that debt.
Sales 101, NEVER BAD MOUTH your competitor.
Since when the west and US care about Africa ?
The United States can't even build its own domestic infrastructure well. I don't know how it can build infrastructure in Africa.😂
It’s a silent space race. The public will never be told this 🤣💯
As a Chinese, I personally feel that the purpose of China's investment in Africa is to achieve a win-win business relationship. The United States and other Western countries have historically colonized and exploited Africa and have always wanted to maintain it, but China has destroyed this historical status quo. . . . . .
You tube is ban in china
@@divya9951 si what? Tik Tok is banned in India! USA tried to banned and robbed Tik Tok.
If a western company do not want to accept Chinese law (which is the same as westerns countries in this case) it can not operating in China. China has own companies, do not need to depend on western ones. Your country shoul have own companies to compite.
That's why they are raging with propaganda like this. The West and allies were never in anyone else' country/continent for mutual corporation.
Xi Jin Ping will take your family away if you keep using VPN.
You are 100% correct about the exploitation of Africa by the West.
i always wondered how powerful africa would have been if they were all first world countries
Russia already helped a lot kicking out previous bosses (France)
Wah! So the USA is now in the dect-trap game. If the BRI is a debt-trap then the USA's entry into a riad and rail construction frenzy in Afica must absolutely add to the debt-trap. It is impossible to see how the USA can do this cheaper, better and faster than the BRI.
"It's about to get hundreds of millions of dollars of US investment with one goal in mind: MOVING VALUABLE NATURAL RESOURCES ... TO THE WEST."
Off to a great start 😂😂😂😂
A response too little too late. US is Reactive. What the US is doing in the copper belt now is helping itself, to get the raw material out to port. That is what British and French colonialism policy was all about. Railways ran between mines and ports. The local people never figured in the calculation at all. African governments now seek to process their resources within their territories. China, it does things differently.
Go China!!!
This is the part I don't understand. If China needs Africa resources why don't they pay to extract it why does it have to be loan especially if they are just going to hire Chinese employees. The Chinese are no better than the American, Russian, and European countries who have been doing to this for years
BUT SIR MY INDIA IS THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗
The US couldn’t even fund its own railways and yet has the guts to invest in African railways
Scramble for Africa 2.0
One buy resources at market price. The former rob it at gun points and genocides.
USA have never belt anything in Africa...
The Great China has belt, invest massively here in Africa...
So thoses countries who are making noise, they are really behind time.
China comes to Africa to plunder and support vicious dictatorships, China always follows a philosophy called win win for China when it comes to its relation with foreign countries.
There is no shortage of workers, just a wage shortage. Electrical engineer here, but I work in finance. TSMC wants to keep their supply of indentured servants on H1B visas going in order to artificially reduce salaries. Why would I work in a chip plant with obscene work conditions and hours when I can earn multiples or have a significantly better work life balance in another industry? Pay and the talent will come.
i don' t understand how the US think that they will take african mine as own it.
Africa don't trust the G7 ,chine is the best for Africa
All these made possible by chinese infrastructure, even this video. US better start building their own rails and ports.
China comes to Africa to plunder and support vicious dictatorships, China always follows a philosophy called win win for China when it comes to its relation with foreign countries.
Africa start processing your own Raw Materials!! Stop sending them out to the world market, where the price doubles.
Just chillin' until the last minute is America's way of doing things.
The title just makes me lose faith more in Bloomberg...
China is sponsoring over 100,000 Africans to study related engineering in universities in China so that the Africans will maintain the railways, ports... Most of them are on work-study terms, real practical skills. China's businesses are also opening manufacturing there. Africans will own their share of business quickly.
You wumaos are the best.
The USA should build it's own infrastructure and Mag again. How is the US going to complete in price against China in Africa?
The US dose not have any money its 34 Trillion in debt
CHINA brings skills, security, and ideas the USA brings homosexuality.
China is a game changer..and I luv it..
And at the same time, quietly in the background of the most recent UN COP summit, one of the Saudis said that their strategy to balance the loss of western gasoline sales to EV's will be to invest in highways and filling stations in Africa and India.
When are African countries going to begin the refining on their natural resources? That's the only way out of underdevelopment.
What grip are you people talking about?
The scramble for Africa 2.0
SHOW ARFICA the MONEY !!! US... All TALK and no ACTION !!!
Get Belgium to pay Congo reparations from the days of King Leopold first.
Even in this video all they talk about is building infrastructure to get the minerals out.😂 And the world bank loans are always at higher intrest and often used as blackmail.
There are 145 countries join in BRI with China globally, and not every country is rich in oil and minerals.
Chinese move to build up Global South is very confusing for Americans, especially to invest in the under-develop country without Oil and minerals.
This doesn‘t suit Americans Profit making logic.😂
US grip on Africa is getting desperate.
the US has its own infrastructure to build or repair. LOL
My man st 4:03 is in disbelief. "You can't be serious right now"
America is late
0:35 It's nice to see Moscow pertaining to the world "revolution" in Bloomberg Originals😅
Grip can’t be worse than Europe’s has.
"How dare you do what I wanted to do!"
US talks big only. Where's BBBW ? LOLX
LOL, you still remember this one, Biden call it "Build Back Better Way" or something like that, it was a complete joke by Americans.
G20 in India this year, Biden was plan to invest in IMEC, "India Middle East Economic Corridor", but I guess he forgot about this one already with his goldfish memory.
When Biden throw hundreds of billions of dollars to support Isreal, Modi was crying at the corner those money could of been invest in IMEC. 😭
Viva Angola! We desperately need more investment to save this country from oil price dependance.
This isn't going to help Angola are u from there
It will be another series of exploitation not improving lifes.
In Africa, a road is better than rail we all know this as it creates more opportunities
Also, if they will just get the raw materials with no value add, it is a waste.
@@rutinusamuel8790 the Angolan gov collects dozens of billions of dollars in taxes every year from multinational companies. Our state budget for 2023 was almost 40 billion dollars, one of the highest in Africa!
China has been playing ''GO" with the planet while the US has been stuck on the strategy of Chess. It will be a steep learning curve.