China & the West Looting Africa via Resource-Backed Loans | Vantage with Palki Sharma
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- čas přidán 19. 06. 2024
- China & the West Looting Africa via Resource-Backed Loans | Vantage with Palki Sharma
The African Development Bank has issued a dire warning. It says that resource-backed loans are impoverishing the African continent. What are these loans? How are China and Western companies using them to drain Africa's resources? Palki Sharma tells you more.
Also Read: www.firstpost.com/opinion/van...
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Africa | Resource-Backed Loans | China | West | Loan Sharks | Firstpost | World News | Vantage | Palki Sharma
#africa #resourcebackedloans #china #west #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
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We Africans should wake up
Don't hold your breath.
So why do you still not wake up?
Do you believe PALKI's propaganda?
I a Country needs a 1000Km highway... That's around 800million$, you can exchange that in crude oil or a certain quantity of Gold.
You don't need to dig for those resources, put them on a railway and sell them... That takes so much time.
That will never happen. More afrobeats, more amapiano, more jolof rice and 'top 10 beautiful women in africa' that's all the blk man cares about.
Chinese reached Africa in the 1400s before the Europeans and made no one slave, took nothing but still called colonialist, unreal....look up Zhang He.
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This is very important! The world is de-dollarizing as we speak. On top of that, the Feds have been printing money like mad since 9/11/2001. We're paying (or promising to pay) $1 Trillion per year in interest on $34 Trillion national debt. That means that the present value of our future debt is $157 Trillion. On top of that, the only thing that has propped up our fiat dollar is oil. Thanks to the BRICS+ alliance, oil can be traded internationally, circumventing the dollar. On top of that the move to de-dollarization means, all of those dollars floating freely in the World are about to be repatriated. Google the risks to an economy when $Trillions and $Trillions suddenly come back home to roost! HINT: China, the largest holder of U.S. Bonds (by a lot!) has begun dumping U.S. Treasuries...
Meanwhile, the U.S. complicit in a bad faith NATO goings-on, and a genocide, is being isolated along with Netanyahu. What is the U.S. Congress doing to address the wheels coming off of the U.S. bus? Holding kangaroo court over Hunter Biden's laptop and supporting a racist, buffoon indicted on felonies in 4 jurisdictions, who with 6 bankruptcies to his credit, is uniquely unqualified to lead us out of this mess.
(Is that Nero I hear fiddling in the distance?)
Are you alarmed, yet?
im african & living in zambia. china did so many wonderful things to my country (i.e., hospitals, bridges, colleges, roads, ports, dams, etc.) and made our people live much better lives. we love, thank & need china!
On what price
What you gave in return?? How much you people paid for it?? ..
He is not that bright to think in those terms.
It is Priceless, because other countries has not been able to do in Africa. 👍
it almost did great things for Czech republic too until our politicians accepted accepting bribes just from the US (well bribes, threats, black mail). Now we have NOTHING. Just another typical western economy, looks great on paper, people work nonstop and still struggle, drink and take drugs. FCK the US and its complicit spineless media.
I don't think China actually loses money if that indebted nation cannot pay the money back, since they have to offer up mines as collaterals, something like the mortgage system where the bank takes your house when you can't pay.
So basically expansionism.
@@strawmanfallacy8666 How is it expansionism when China is not occupying the borrower's country. When a bank takes your house when you default, is that expansionism?
@@gj8550 Lol go ahead and sell your land and ports to China for all I care. Indians will just sit with popcorn & watch y'alls downfall.
Your comment would be true if all China offers is money. However, China actually builds roads, airports, ports, and other infrastructure that stays in African countries. You can argue if they are being fully utilized, but the infrastructures are physically there, used by locals. A bank can take over your house if you don't pay. Which countries did China take over? How can China force another country to pay? How many times did Chinese military go abroad to "teach the diligent countries a lesson"? China's so-called debt trap diplomacy has been echoing for decades now. To call China a colonizer, China should at least took over a dozen countries already. Did that happen? If so, how come there is also equal amount of media reports that China is doomed due to trillions of insolvent foreign debt? Which one is it? 🙂
@@littlewhiterabbit7363China builds infrastructure to streamline the extraction of resources which is exactly what European colonialists did.
Africa never learn from their past. Bit by bit you will never knew that you will become slaves again by world powers. Stand to what resource you have and prosper it.
We are already enslaved...all the loans we ask for are never paid. So we are in debt forever and ever.
And yet statistics show that Chinese trade has improved Africa.
Those are insult we don't like. There are countries which are doing well but you want to put Africa as one country 😢😢😢😢😢
USA owes china trillion debt ...so shut the fk up
But how? They don't have the technology to dig their own mines
This woman hates China.
Truth can be bitter . 50 cents army
@@Username78952 the real truth is every 18 minutes a woman is raped in India. Also make some toilets first.
So bitter about china,when india cannot construct 1k tarmac road in Africa.Now want to use media as wespon and palki as their missile.This kind of propaganda wont see the light of the day
True she can't stop running her mouth
To the 3 of you there is no medicine for stupidity.
Looks like it's an African gene.
Only the President of Africa will make money and the people of africa becomes more suffer
I had no idea there was a president of Africa
@@jameswatson5807it's a president of africa???Africa???? 😂😂😂😂😂😂😂😂😂😅😅😅
there is no president of africa what you talking about africa is a continent
@@Ahmed-gg4oz These people have internet yet they still continue to believe Africa is a country, and even worse they believe wakanda is a real place in Africa.
😂😂😂😂And the President of Europe should look into this and also warn the president of North and South America of this issue
Atlesst we getting something in return unlike the West
But there better than America and Europe
same thing many western leaders are in bed with sino wahabi leftist lobby no morals any outsiders can fund their politicians
You forget, better than India 😋😜😁
Technology to Undeveloped minerals is not unfair trade. If you think minerals are priceless, then it is same for technology. Once you received the technology and wanted to call the minerals priceless is a simple remorse.
I'm concur. I am aware of this much...
But both are doing same 😂😂😂😂😂
China is not the problem. The problem is the African rulers. You cannot blame a bank for giving you a loan.
So you mean Africa was colonized by the west. It was colonized by your leader.
Africans were enslaved by your leaders not the west.
Good to hear
People who say China not a problem just investigate where that infra making materials,engineers and project owned by.
Chinese gives the loan for i.e infra building, project given to chinese companies,Raw material from China, Chinese engineers & maximum number of Chinese workers, loan money back to China.
China is a saint it just knows how to exploit loopholes/corruption that’s what colonizers do.
@@ihelpdesk661Do you have a better choice of countries that could help Africa countries develop? Is India your Choice? Nobody stopping you to switch.
Who is the Africa ruler? Do you know Africa have 50+ different people with different color and culture..?
Good 👍
Jealousy always in indian blood....😂😂😂😂
China is not an angel, but it is not colonizing Africa. It's up to the crooked leaders to sign better deals. The horrors and brutality of colonization are memories Africa doesn't want to revisit. If the West had done a fraction of what China is doing in the continent, Africa should have been in a better place today. The prosperity of Europe depends on Africa, while Africa needs leaders with brains and nuts to unite the continent by all means possible for its prosperity.
your tactics will not work this time, everyone knows how powerful funds vested elites and make majority suffer. Middle east is prime example
"It's up to the crooked leader...." so they are being colonized lol
Chinese bring construction machines to Africa, while Europeans and Americans bring guns and bombs.
Colonization comes in various ways - African peoples are suffering. As a black person i understand the various types pretty well
@@traceyannmiller1287Jealousy always in indian blood...😂😂😂
Please we Africans like china more than West Country's
Brother, you're going to seen true colours of china in future,god bless you my brother ❤
@@BB-jf9yrWe can see the true color of India already in the present.🤣
Do you think Africans hate Japanese and South Koreans because they like Western countries and hate Chinese communist politics? I'm just curious.
I can only Agree with This Right and True Comment. Almighty bless you Brother.
Speak for yourself, the only people who benefit in china loan shark deal are the corrupt politicians. So we Africans do not like the Chinese, nor do we like the west either. We need to find away to help ourselves develop without being exploited, but corruption will never allow that .
You want to say India does not get loans, first post has been using this narrative for quite some time, comparing loans to colonialism, I find this outlandish, colonialism was for worse than what China is doing, infrastructure brings development and prosperity, come to Africa and see for yourself.😢 Abysmal piece of journalism.
@TheNewGuy-wd6xb all countries have debt the Japan has the highest level of debt than any other country, has it's economy collapsed.
Exactly this aryans now days love African names in their carry mouth
Do you know about neo- colonism and debt trap
@TheNewGuy-wd6xb Isn't that now what the IMF has been doing?
Why is this suddenly an issue now. Is it because the west isn't benefitting this time around?
@@bibliophile5700 Yes something the west has been doing in Africa for a while and is still doing to the continent.
I understand India doesn't like China, but working with China is way better than working with the West. It's something we have understood through experience. China over the West any day.
Technology to Undeveloped minerals is not unfair trade. If you think minerals are priceless, then it is same for technology. Once you received the technology and wanted to call the minerals priceless is a remorse.
Oh u r given noodles ,but china is looting diamonds from ur country
@@phillipchan6919 If you think China is exploiting Africa, then you can imagine what the West was doing to Africa.
The West is soo evil, that's why no African country wants nothing to do with them.
@@vibratooctave1805 That all they feel like when doing labor work for your boss. The boss is making diamonds and the workers are getting pay peanuts. 🥜
Both west and China exploiting Africa's natural resources😢 sorry Africans, god please help them 🤗🤗🤗
So instead of warlords fighting over resources the Chinese extract the surplus after providing infrastructure.
are Europeans called "warlords" for WW1, WW2, Vietnam, genociding Australia, South America and North America?
How about Mau Mau Rebellion as they call it (Massacre or Uprising is another name for that), the exploitation, rape and murder of millions of Africans, etc?
A guess "warlord" is a baby term? What should we call them instead, "Masters of Chaos and Destruction?"
Saying this colonisation means its undermining what british done to india in colonisation
It's neocolonialism
like building your country while you complain about it ?
@@Dopaaamine27 what a nonsense it's not neocolonialism not even close. according to collins dictionary: '(in the modern world) political control by an outside power of a country that is in theory sovereign and independent, esp through the domination of its economy'
Indian need to talk about their own colonial past. African Continent is mature enough to know who is colonizing them. Chinese contact goes back to thousands of years. What Chinese have done in the African continent in the last 25 years is more than what West did in four hundred years of colonialism. The Indian propaganda about Chinese is becoming biased. Indian should focus and tell their own colonial past. Because India is developing world, that has it own problem.
British did the same . looted raw material and natural resources from india for 200 years.
Africa's are not a fooled... indian media propaganda...😂😂😂😂
🤦♂️
Africa leaders are the one benefitting corruption and misuse resources. So your leaders are fools forgetting who made them presidents
I think african leaders should look at indian banks for loan without colateral.thats what palki is saying
Indian banks don't lend without collateral. You must be born yesterday.
African's know what is right for themselves... you think we don't know how to choose a friend?
Not so sure about that.
The problem with African states is far from neocolonialism, but so close to bad governance, corruption, nepotism, sit tight syndrome and greed. African leaders sign bad deals and leave there own people in abject poverty. Africa needs to unite, in order to address some of these challenges effectively.
it is not problem it is induced and encouraged by the west
'African states'? Is that like United Ststes? 😆lol 😆
Africa uniting would mean us paying up a combined debt and no country would be willing to share the responsibility for debt from other fellow countries
@@ankundamwebembezi6358 African unity is a fallacy there's to much tribalism in Sub-Saharan Africa.
@@thinadlamini4671 I disagree. Pan-Africanism makes much sense to me.
‘Looting Africa’? Well Palki, did you conveniently neglected to mention that a number of projects in Africa were funded by the New Development Bank of which India is a member. Is India therefore a party to ‘looting Africa’?
Love is blind 😂😂😂
You still love China😂😂😂
@@jacktashi5230 I just want to highlight the hypocrisies that are on full display here from time to time. 😂 😂 😂
@TheNewGuy-wd6xb You must have missed my point that many of these loans are granted by the New Development Bank. The terms are negotiated between the African countries and the NDB. It is true that China is a member of that bank, but so is India.
Furthermore, what’s wrong with a lender ceasing assets when the borrower defaults on its payments? Does your bank not take your house when you stop paying your mortgage? China builds roads, bridges etc for other countries. When they failed to make payments after the work is done, China obviously can’t take the roads and bridges away the way that your bank would cease your house. So the next best option would be to accept resources in leu of payments. At no time did China send troops into the borrower’s country and demand payments. Is this ‘looting’? Obviously, India is in a somewhat different predicament as it didn’t build roads and bridges for other countries.
Since we would have something as return is better than western colonization and slavery
It is not abut the credible institutions like NBD or IMF who has clear terms and conditions. Most of the Chinese lending is either through private lenders or through govt. to govt. lending. Where they have many publically undisclosed terms and that is the problem here. They have done same with Sri Lanka and result is in front of us.
Trivia: India’s per capita GDP is lower than that of many African countries, and then it teaches Africans how to govern the country and who to cooperate with.
😂😂😂
哈哈哈哈哈哈哈哈哈
Indians ☕
Where is the outrage from BLM, Colin Kaepernick, Shaun King, Patrick Mahomes, AOC, CNN, Roland Martin, MSNBC, MSM, Lebron, NBA, WNBA, NFL, Shannon Sharpe, Biden, Kamala Harris, Frances Tifoe, Ben Crump, Al Sharpton, Steve Kerr, Stephen Curry, Greg Popovich, NAACP, Nancy Pelosi, Chuckie, Democrats, The View, Lewis Hamilton, Bubba Wallace, Don Lemon, Joy Reid, Obama, Michelle Obama, The Young Turks, Taylor Swift, Megan R., Travis Kelce, Beyonce, Oprah, Tom Hanks. Jay-Z, Hawk Newsome, The Black Panthers and Brittney Griner at for China colonizing Africa?
You calling all of them out but your not helping either 🙄
???
amen & very well said!
Those are the wrong people to ask for an outrage from
What outcry? We in africa love China
Thank you! I hope Africans realise that even their leaders are not on their side. Sad but true!
That’s business dear… nobody forcing Africa to sign
Remorse due to Propaganda. Technology to Undeveloped minerals is not unfair trade. If you think minerals are priceless, then it is same for technology. Once you received the technology and wanted to call the minerals priceless is a simple remorse. Can China make remorse on technology transfer to Africa then? NO.
@@phillipchan6919 there is also technology transfer with these deals so that is untrue phillip.
@@Mark12434 China has technology transfer when infrastructure are being build. High speed rail is a good example of technology transfer. African countries get world’s most modern technology development in Africa for their resources. If you believe the trade is unfair, then don’t make the deal.
@@phillipchan6919 I think the trade is fair. core Infrastructure (railways, schools, hospitals) is very important and could be used as a baseline in order to develop further.
@@Mark12434 This Indian media is hiring actors to say the trade is unfair and slanders China’s good intentions. Yet, no other western country is willing to develop and transform Africa into a modern technology continent.
It's called business nothing strange about this. No one's going to give african countries or any other countries money that they're not going to repay so of course it's insured. African countries can win by repaying their debt, it's not a trap it's insurance. And as she said, China doesn't lecture other countries and as an African it's the most important part that a lot don't understand. So in the end it's the same without the lectures who do you think Africa is going to choose everytime ?
Technology to Undeveloped minerals is not unfair trade. If you think minerals are priceless, then it is same for technology. Once you received the technology and wanted to call the minerals priceless is unfair trade.
@phillipchan6919 go cry to the leaders in africa who dont give a shit about their people , no foreign country should have to come to your country and build something as simple as good roads !
Agreed with you. It’s a win-win for everyone. The Chinese give loans in exchange for resources from Africa. Africa will have money to pay the Chinese for infrastructures. The Chinese got your resources and you have airports, schools, etc. No fighting just trade. India is just jealous. I know they would have done the same.
@@user-px9tc4gi8k India is a slow start with less resources than China.
India is not jealous. If you think minerals and technology is a unfair trade. Think about prosperous middle east, it’s the mineral which made them who they are. If your country has corruption then only people are going to loose in future and country won’t develop plus china is not a saint.
Whatever thing you are saying is very true but China Dealing is far better than the Americans and the European dealings.
Technology to Undeveloped minerals is not unfair trade. If you think minerals are priceless, then it is same for technology. Once you received the technology and wanted to call the minerals priceless is a simple remorse. Can China make remorse on technology transfer then?
But both are doing same thing right 😂😂😂😂 exploitation of Africa 😢
@@BB-jf9yrAnd China did is worsen😊
@@phillipchan6919 china has no "technology", only what theyve stolen from the west.
But in the end both doing same things
Curry media is interesting🤣🤣🤣
The new is already bias against china from day one, I wouldn't take anything china related from it until confirmed.
You used to be a journalist with morals.
Indian jealousy continues.
Chinese jealousy continues 😂😂😂
@@BB-jf9yrHungry jealous Endians crying for food.(hunger index no.115)🤣🤣
indians are extremely Jealous of China
rohanpradhan2593
Their biggest debt is to the west. Yes. It's indian jealousy. You're just like the west.
Without good infrastructures, Aftica will not be a developed country
AFRICA 🌍 IS NOT A COUNTRY. THE AFRICAN CONTINENT WITH DIFFERENT COUNTRIES. LIKE ASIA,EUROPE SOUTH AMERICA WITH DIFFERENT COUNTRIES. EDUCATE YOURSELF.
India is always jealous of China, because they are not able to do what China is doing 😂😂😂
In my opinion, all nations are doing this to an extent towards Africa. I would say the West is the worst at it, then China, then Russia (only due to less reach), and lastly India. India has a population inside Africa who are native though not indigenous and they seem like our best bet as business partners long term, however India is a nation with its own interests and Africans should not forget that
We have stupid leaders in Africa.
So African nations can refuse. This is not colonization.
They can refuse but never pay their debt 😂
Yes , but here comes bribe. Jonny jonny💸💷💶 yes cchhina...
same logic given by western coloniser that your own people (african] behind colonialism and slavery, we only provided money, does such excuse that makes, western country exemplary ?
Firstpost is sounding more American than ever. I respected Palki and Indian media for being unbiased, but they are just as good as their Western counterparts like CNN, MSNBC, the New York Post, etc.
Wion is a Propaganda and fake news channel.
do not depend on one, diversify with japan, india, korea
They are marketing themselves don't believe her. Indians want to trade in africa
Countries need to set up a parliament where deals have to be voted on
@@adolft_official We already trade with all 3 of the countries deals. It just usually China is the more attractive option.
All 3 of the countries you mentioned through fall under western influence so maybe that is why African countries are a little bit more reluctant to trade with them. China is just the more attractive option, but the rest yes indeed african countries trade with them.
Palki I'm not convinced. You sell, i buy, i don't see any colonization here. Again,Africa want development but lack technical Know-how. Me as an African,I think African leaders should stop embazzlement
Why india is so jelous of china?
Why not respect the position of china in the world?Why do indiàns see china are their rivals and competitors?Why not just accept that they are not in the same position with China?How is this propaganda think this will stop China-Africa relation
China is defrauding and impoverishing the entire third world. There must be a way to stop them.
😂 And US has no propaganda against China?
So it's leaving one slave master for another, African leaders and its people need to stop being lazy, blind and deaf.
Whats has brought these nations to their knees begging for loans? Its the devastation of IMF loans, and G7 policies. Chinese loans are visible in capital projects that build revenue generating capacity.
Exactly 💯%
CHINA is not an Angel... But there's visible progress in almost all projects that CHINA is involved in, across the African continent.
India should deal with Africa with their awesome intolerance to corruption.
Learn to stay in the conversation mate!!
Ignorance is a disease
Chinese 😂
Jealousy always in indian blood 😂😂😂😂
@@peterneil6859 Jealousy is a Chinese trait .
African people and countries must take care of their responsibilities.
USA and Europe has done that too,
No, they did bring in any real technology and infrastructure to Africa.
@@phillipchan6919
Stop lying. Enough with your narcissism and willful ignorance!
So that makes it ok for china to do...?!
My neighbours enslaved a poor gullible guy..do ill do it too..
Thats ur attitude?
@@Human_01 Remorse due to Propaganda. Technology to Undeveloped minerals is not unfair trade. If you think minerals are priceless, then it is same for technology. Once you received the technology and wanted to call the minerals priceless is a simple remorse. Can China make remorse on technology transfer to Africa then? NO.
👍
Palki is always bitter about China. Shes angry that India is not China😅
“A society grows great when old men plant trees in whose shade they shall never sit.” - Greek Proverb
The problem is that greed kills visionary leadership.
As an Ethiopian, unlike Palki, I say china. At least they don't interfere In our internal politics, they don't sanction, they don't preach their politics, and when a country is in a crisis, they extend the payment deadline.
Which world bank don't do...or even if they do, they ask some sort of control over internal politics.
If most African countries lean towards china, there is a reason for it.
Sometimes you have to choose the better worst.
If India care so much, come up with a better deal and complete.
This new outlet feeds on anti China theme and indians buy it. 🤣🤣
Godi.
The Guy with the bigger gun will always take the gold. China has a big gun. West has a bigger gun. Look at it closely, as an example, China picks the cobalt, inserts it in iPhone of apple. Apple picks the profits. Who is the fooling who?. And in my country India businesses buy almost all the artisan gold. We are all in the same cycle. and it is a lot.
Why So much hate towards China?
This is mainly an Indian propaganda channel, there's dozens of them on YT.
Ohh they expire fast.. that's why we hate china...🤗
She is one toxic Indian.
Would you say COVID 19 pandamic is also a propoganda 😂
Why not 😩😭
China never colonised any country in Africa. The African loan Shawks are the IMF and World Bank institutions that are controlled by the colonial west and America. Apart from conditionalities that these institutions impose on African countries, they also impose interest rates higher than those charged to western borrowers. China is a friend of Africa.
Exactly. If you look at all the evidence, and the effect China's trade with us has had, it becomes clear that our partnership makes sense.
We've traded with China for one thousand years.
Even being extreme dirt poor at 99,9% of the population, India was happy and comfortable in the 70s and 80s. But now they are unhappy even now they are better off. Why. Because China was same poor in 70s and 80s but now it economy skyrocket and India can't keep pace
Average buzzfeed clown
Well there's recovering from loot by the British which china didn't have to go through..but go off😅
When you have nothing to trade with Africa, start some propaganda bullshit - Palki Sharma, favourite subject China…
😂😂😂
African countries need to hold their leaders responsible and start to cancel these loans…
Let us be fair in reporting. No country follows ethics in international politics or business. The name Patel in Africa means exploiters. India could not continue to exploit Africa like the west and the China. Now we complain and start carping about it not because of concern about Africa but because we are jealous. I ALWAYS WANT INDIA TO FOCUS ON DEVELOPMENT OF OUR COUNTRY THAN PREACH TO OTHERS. THIS IS NOT BEING VISWA GURU.
My friend said if they can't think you think for them.
Even if you give money printing machines to Africa, they won't be able to print money, so why not cooperate. Can still get a share of the pie
China is being strategic to benefit itself and grow so that it's ppl and nation gets to prosper. What African nations fail is to industrialize which is crucial if they desire to have their economies grow. However, with corruption, wars and overthrowing governments ingulfing the continent, moving forward and seeing that really each country's economy will grow is blurry.
By Palki's logic, I am being colonized every time I go to the bank or the grocery store.
it is called win win business palki so country can come in india and and do business and india not make money from it ?
“What’s wrong with India?”
@@phillipchan6919India has nothing to offer so they talk shit about other countries…. Palki Sharma is a racist, that’s why she only talks trash about China, she has no shame, she manipulates the news. She doesn’t even understand what colonisation even means…
India, a very excellent country, now teaching African people how to govern their country! That's so kind!
Thx😊😊
Cow dung country...😂😂😂😂
Who said Colonization has ended in Africa since 14th century? It will be naive to believe the Colonization has end. I am African i i known how our resources is building World economy.
Please don't blame them to much. Our leaders are wicked, very corrupt. They opened the door why wouldn't they enter.
‘Looting Africa’? Palki, please stop insulting Africans. They are nations of highly educated, sophisticated and intelligent people. They are fully capable of conducting business internationally and negotiate fair and equitable trade deals. Please treat them with respect that they deserve.
This is simply remorse due to propaganda. Technology to Undeveloped minerals is not unfair trade. If you think minerals are priceless, then it is same for technology. Once you received the technology and wanted to call the minerals priceless is a simple remorse. Can China make remorse on technology transfer to Africa then? NO. Either should other countries.
But then these same countries chimes in on their laws and morals. Why should African nations listen?
Correction.. Western Countries wrote the book on Exploitation. Africa just doesn't want to deal with them anymore
Debt trap is a myth.
Don’t take it personal , It just business, everyone is doing it.
Remorse can be in business. Technology to Undeveloped minerals is not unfair trade. If you think minerals are priceless, then it is same for technology. Once you received the technology and wanted to call the minerals priceless is a simple remorse. Can China make remorse on technology transfer to Africa then? NO.
China does not respect international law....then why should Africa accept unfair deals.
That's why many African countries are part of the ICC while China, Russia, and the USA are not. 😂
Sharma relax. India is busy exploring Africa as well. I know them. Here in Uganda, find out
Loans, africa will have to repay. So then will china or western entities repay the resources that they took from africa back as well?
China took resources from Africa ?
Those fancy ass highways and cities aren't free.
China is taking its rightful price for the offered technology.
African women should marry Chinese men
Basically Palki logic is don`t invest in Africa or they will overtake India.
Old news that is more than 10 years old concerning China in Africa.
Old news concerning the West in Africa, more than 200 years old.
India is part of that loan to Africa, but India is not part of construction team because India doesn't have the technique needed to offer the project, however India do want to be part of that construction team. that is why India mouth are drooling about it and criticism about it.
Chinese is building infrastructures for exchange of minerals. How is Africa losing? Your economical trap theory does not stand. Why didnt India go in? If India was the one you would have shut your gap.
Long live China and Africa
Already married. Too late😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
By the way , why you Bhutanese people like China so much? Putting a dog’s profile won’t hide your identity.
Africa was never not colonized. West Africa has all their revenue authorities' tax collections being held by France...and you ask which is worse?
China and the West are similar when it comes to exploiting Africa.
Sounds like Indian is Jealous
Ridiculous propaganda by Palki Sharma. Botswana ranks higher than India in almost all international rankings yet Botswana has loans from China. Palki is trying to block Africa from trading with China even though China has never colonized Africa. Palki now calls butter trading "colonialism". Its absurd.
Multiple countries including India do butter trading but Palki doesn't think its colonialism. Its only when China trades with Africa that she thinks its wrong. China has invested the most in Africa than all of the west combined because China wants Africa to develop. China knows that a developed Africa will be a growth engine for the Chinese economy. It's win win. China doesn't want to create animosity in Africa. Also China can't be blamed for mismanagement of funds by African leaders.
Palki is pathetic.
Develop like Pakistan & Srilanka Loans ? Wake up.
When real problem strike China will run away.
Did Palki say “…leaving your land barren, and your people impoverished…”
Just look at the airports, the hydroelectric dams, the thousands of kilometres of Roads and Rairoads, the hospitals, the schoolls, etc etc…built by the PRC in the last 10 years, and the billions and billions and billions of dollars spent…
Palki if the British doesn’t colonize India before 600 years ago today you will be in the outpost stations in India not in New York so at least you mention the good the bad and ugly of colonization.
You need President Bukele as a financial intermediate!
Culele is inmoral
China DOING development here,,
Stop always blaming or talking bad about China. Neither India nor any western world considered lifting Africa up with Infrastructures. They are in business and we must understand that.
Poverty is not a bad thing for India, at least no one will criticize India for lending money to Africa😂
Fantastic coverage,
Black women should marry Chinese men.
India is an expert on this 75trillion worth of eperience
It doesn’t matter what you say. Anything els is better than the western policies towards Africa. Over 150 year without road schools etc. At least with China we see development. And you can’t denial it. If the western want to do good, they should build roads schools hospitals etc this is what Africa needs.
India is obsess with china.
This is not new, news.
China will first give you loans for building roads , bridges , hospitals and ports and when you cant pay the loan, they will simply take control of them as mentioned in the contract . Perfect examples are hambantota port in srilanka and also the OBOR in Pakistan. Africans who think that china is doing good for them will learn it the hard way later on
Wel it is still better then the french. They paid niger $0.80 for uranium that has a world price of $200. Yes the chinese are not angels..but you can see the large infrastructure projects .
My opinion, what do you expect Africa to do? They are poor and need help. It seems like besides Russia, no one is willing to help them develop into proper, functioning countries without some sort of collateral. They have to do what is best from them
Duh! Just Google the price of rude oil, brute Jade, etc. If you take off the price of the rental machinery per square foot and depreciated by 15 or 50 yrs. And you've got the price. But the dollar is losing its value daily!
Ok china is a colonisers but what have Indian done for Africa…
Nothing but Caste system. Such a bad culture invasion.
Corona was developed by China, India gave the Vaccination to Africa😂😂
@@pradipkumarmishra9214 c0wpat vaccination?🤣
Sadly no Africans willing to take that.😭
They were taken to Africa for labor because the British and others were so obsessed with Indians they exploited them like what they did to Africa (except the Ethiopian Empire) and other colonies.
@@yestomor7673 How did you know, you took the shot😂😂
all i hear is china china china lol
Because it is the sole ultimate Superpower right now.
The West never says it openly because of their pride, but that's just reality.
Palki dreams about China…
Palki even does not hide her propaganda on China.
She is jealous just like those online Endian bots.🤣
@PigraeliGodHashemRoasch it’s a terrible day in the office when she doesn’t get to mention China. She gets anxiety if she doesn’t say China and spends 24x7 thinking what to report about China…. I’m waiting on someone to upload a video of her saying China China China…..
I got a loan for 500,000 for a building and a home I owe them.
If I don't pay I'm in default what's the problem. If u can't pay don't take the loans.
Just makesure the loan is worth it.
Burkinafaso is changing Africa, Africa must be great ✊️