Page 220 - Volume 1_Go home mzungu Go Home_merged with links
P. 220

ɡ





                                                             21  century m'zuŋ u ‘neo-colonialism’
                                                                st



                                                                              Control through Dependency
            Uighurs and Indonesia. Nor is it unaware that there are several nations vying for the
            perceived leadership of the Moslem world, and that Moslem followers already constitute
            some 30% of the global population.

                  China might be excused for thinking that its better - and very definitely a lot cheaper -
            to defuse the potential for a threat by acting now.

                  In much the same way that China has militarily 'closed the 2 small geographic access
            points that might have allowed military intervention or other armed intervention to pass

            through the Himalayas region into China.

                  China’s policy towards Africa has until now been a blend of immediate commercial
            and economic self-interests together with a use of ‘debt’ to help African nations to finance

            infrastructure developments in the short term but designed to increase China’s long-erm
            leverage.

                 Obviously, as international rivalry builds up its almost certain that China’s policies can

            be expected to harden.
                                                          *****
                  According to McKinsey, a management consultancy, there are now 10,000 Chinese

                  businesses on the African continent. China's dramatic investments have encouraged
                  other countries, most notably India, to follow suit. At the same time, China is changing
                  the terms of its engagement, increasingly cashing in economic connections for political

                  and military ties--again with others, such as Turkey and Russia, looking to do the same.
                  Alex Vines of Chatham House, a think-tank in London, talks of a "new scramble for

                  Africa".

                                                                                 "A Sub-Saharan Seduction -   214
                                                    Africa Is Attracting Ever More Interest from Powers Elsewhere"
                                                                                  The Economist." (March 2019)
                                                          *****
                  The majority of China's low-income borrowers are in Africa, where China made its first
                  loan to Guinea in 1960. Today, China accounts for about 17 percent of African debt,

                  according to the World Bank.

                  China does not publish data on its overseas lending, but our China Africa Research
                  Initiative team at Johns Hopkins University has tracked more than a thousand Chinese

                  loans - worth $152 billion - extended to 49 African governments and their state-owned
                  companies between 2000 and 2018.
   215   216   217   218   219   220   221   222   223   224   225