Author Topic: Chinese investments in Africa  (Read 1600 times)

Offline veritas

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Chinese investments in Africa
« on: June 21, 2016, 11:17:11 AM »
https://washleestone.squarespace.com/the-african-story-of-chinese-investmenthttps://washleestone.squarespace.com/the-african-story-of-chinese-investment

Offline RV Pundit

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Re: Chinese investments in Africa
« Reply #1 on: June 21, 2016, 11:24:36 AM »
I think first he/she need to explain why he think Africa has not developed when during this chinese period it has had unprecedented economic growth rate of 5-6% beating any other sub-region.

Offline Empedocles

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Re: Chinese investments in Africa
« Reply #2 on: June 21, 2016, 12:10:12 PM »

Offline veritas

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Re: Chinese investments in Africa
« Reply #3 on: June 21, 2016, 12:12:27 PM »
I think first he/she need to explain why he think Africa has not developed when during this chinese period it has had unprecedented economic growth rate of 5-6% beating any other sub-region.

Quote: but Africa has not experienced expected growth

referred to the past and not the present, at present:

Quote
While it is positive that the elevated current account deficit narrowed somewhat last year, the fiscal deficit ballooned and the large twin deficits remain worrisome.

http://www.focus-economics.com/countries/kenya

Offline veritas

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Offline veritas

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Re: Chinese investments in Africa
« Reply #5 on: June 21, 2016, 12:18:17 PM »
I fear they'll strengthen more nefarious connections like organ trafficking...

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The Taiwanese residents that were deported from Kenya to the mainland will be prosecuted in China for telecommunications fraud, the Chinese government announced yesterday.
This is despite the fact that they were already acquitted of the same charges by a Kenyan court earlier this month. China's Ministry of Public Security explained that the 32 Chinese citizens and 45 Taiwanese were suspected of defrauding victims in the Chinese mainland and were wanted in China.

According to a Xinhua report, the deportees had called up victims in the Chinese mainland and presented themselves as law enforcement officers to extort money. In total, the Nairobi-based group had managed to cheat mainland Chinese victims out of millions of yuan in nine different provinces. Some of their victims even committed suicide after losing their life savings, the report added.

The suspected Taiwanese scammers were deported to the mainland in two groups, with the first eight leaving Nairobi on a China Southern Airlines flight last Friday, and another group of 37 being deported earlier this week.
Taiwanese officials were outraged, saying that the. On Tuesday, Taiwan's Foreign Ministry said that some of the Taiwanese had tried barricading themselves in their Kenyan holding cell to avoid deportation to the mainland and that Kenyan police used tear gas and guns to get them on the plane.

Talk about a corrupt judiciary.

http://shanghaiist.com/2016/04/14/china_prosecute_taiwanese_deportees_kenya.php

Offline veritas

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Re: Chinese investments in Africa
« Reply #6 on: June 21, 2016, 12:59:32 PM »
Loan sharking leads to all sorts of micro economic collapses, prevalent when this country lends this country etc. like that domino effect from Hungary across Eastern Europe and the collapse of communism... this drama summarizes loan sharking in Korea..  http://myasiantv.se/drama/my-beautiful-bride/episode-1/