Right on, Cyrus. The first not to be afraid to point out the consequences of the 400-year racist and evil treatment of Africans by Judeo-Christian regimes from Europe and America and contrast that with their treatment by China! BRAVO!! This is a huge breakthrough.
Care to add any proof of what you are alleging? From the evidence outlined the article the opposite in occurring! China is helping Africa to diversify by strengthening its continental infrastructure, making major investments in its agricultural sector and freeing it from crippling monetary barriers to internationally needed investment!
China owns over $145B of Africa’s debt, with countries like Zambia spending >30% of government revenue just servicing Beijing’s loans. At the same time, 1 in 4 imports flooding Africa are cheap Chinese goods wiping out local factories. Infrastructure “gifts” are debt-traps built by Chinese firms, financed by Chinese banks, and seized by China when countries can’t pay. That isn’t liberation, it’s colonialism with a credit line.
CIPS might sound impressive when you repeat talking points, but the reality in Africa is tiny. Out of hundreds of banks on the continent, only six are direct members and about 59 are indirect. Most Africans are still unbanked and local payment systems barely talk to each other. That is not “taking Africa by storm". Seriously, this article reads like a Press Release for CIPS. It makes me wonder if Cyrus has sold his objectivity and is being compensated to push this narrative.
Right on, Cyrus. The first not to be afraid to point out the consequences of the 400-year racist and evil treatment of Africans by Judeo-Christian regimes from Europe and America and contrast that with their treatment by China! BRAVO!! This is a huge breakthrough.
China isn’t Africa’s savior. It’s running up debt, grabbing assets, and flooding markets with cheap goods. That’s not liberation, it’s a new landlord.
Care to add any proof of what you are alleging? From the evidence outlined the article the opposite in occurring! China is helping Africa to diversify by strengthening its continental infrastructure, making major investments in its agricultural sector and freeing it from crippling monetary barriers to internationally needed investment!
China owns over $145B of Africa’s debt, with countries like Zambia spending >30% of government revenue just servicing Beijing’s loans. At the same time, 1 in 4 imports flooding Africa are cheap Chinese goods wiping out local factories. Infrastructure “gifts” are debt-traps built by Chinese firms, financed by Chinese banks, and seized by China when countries can’t pay. That isn’t liberation, it’s colonialism with a credit line.
CIPS might sound impressive when you repeat talking points, but the reality in Africa is tiny. Out of hundreds of banks on the continent, only six are direct members and about 59 are indirect. Most Africans are still unbanked and local payment systems barely talk to each other. That is not “taking Africa by storm". Seriously, this article reads like a Press Release for CIPS. It makes me wonder if Cyrus has sold his objectivity and is being compensated to push this narrative.
Cyrus is the Premier Top Dog Poster boy for anything positive about China. Totally unbased.
See above comment re actual proof of what you have alleged!