[ad_1]
Saturday May 2, 2020 3:00 PM (GMT + 7)
The Covid-19 pandemic, which spread globally, caused a collapse in commodity prices, wasting $ 200 billion of Chinese investment in Africa.
UPDATE ON THE COVID-19 TRANSACTION
(Data updated in 15:37 05/02/2020) – Source: Ministry of Health and Worldometers
Vietnam
The world
America
Italy
Germany
Brother
Infection case
Death
Cured ca
No Province Case Death Cured ca
According to the Nikkei Asian Review, China’s economic investment activities in Africa over the years have received great attention and criticism.
Analysts say China is using the “debt trap” to make African countries dependent, thus taking the hands of abundant resources in Africa.
As the price of petroleum, minerals and mining metals in Africa plummeted due to Covid-19, the prospect of China-funded projects became even darker than ever.
China is under pressure to cancel tens of billions of dollars in debt to African countries. Racism also makes the Chinese in many places unwelcome in Africa.
Chinese workers talk to colleagues at a refinery in Sudan.
At home, the Chinese economy for the first time in decades experienced negative growth in the first quarter of 2020. This means that China cannot afford to borrow money and invest abroad as strongly as before, according to Nikkei. This directly affects the Belt and Road Initiative established by Chinese President Xi Jinping.
According to Nikkei, the most obvious sign is that recent meetings of the Chinese Politburo have not seen the Belt and Road Initiative as a top priority.
According to data from Johns Hopkins University, China provided $ 152 billion to 49 African countries in the 2010-2018 period. In addition to credit loans, China also invests directly through state corporations.
From 2008 to 2018, China’s foreign investment in Africa increased from $ 7.8 billion to $ 64 billion, according to official statistics.
In theory, Chinese investments seem to have worked. Trade between China and Africa increased from $ 107 billion to $ 204 billion in 2018, according to data released by the Chinese government.
Chinese President Xi Jinping met with his Senegalese counterpart Macky Sall in 2018.
But the point is that the disease situation is complicated and protracted, putting pressure on Chinese resources in Africa to freeze. The total amount of Chinese investment and loans in Africa is estimated to have reached $ 200 billion.
In the most likely scenario, the total amount of Chinese investment in Africa, infrastructure construction and resource exploitation will be equal to the amount spent to buy the same amount of mineral resources on the market, according to NIkkei.
China may not have paid more for the same raw material that it decided to buy on the open market. Beijing’s hope that direct or semi-direct control of resources will provide greater security is unthinkable.
African countries’ governments favor China to invest in mineral and oil extraction, but they can fully recover in the form of nationalization any time China has no right to object.
The Covid-19 epidemic is disrupting China’s profitable investment in Africa. A bet that Beijing clearly failed. Chinese companies paid a lot of money to bring materials from Africa, but now they have catastrophic falls due to the collapse of commodity prices.
Professor Minxin Pei, who works at Claremont McKenna University, USA. The US said it is time for China to realize that investments and loans in Africa will have no way to recover due to economic losses. in foreign countries due to Covid-19.
China can cancel the debt with African countries as humanitarian assistance. But it is unclear what Beijing’s strategy in Africa will look like when the epidemic has shown no signs of calming down.
|
The Ministry of Health recommends isolation, health surveillance in the prevention of COVID-19: – For close contacts of patients with positive COVID-19: Isolate at the medical center within 14 days and take samples for analysis. – For close contact with patients with positive COVID-19: Isolate, monitor health at home, place of residence, reside within 14 days and notify local authorities (neighborhoods, communes, cities) and must closely monitor the health situation. If fever, cough, sneeze, runny nose, fatigue, chills, or shortness of breath are found, immediately isolate at the medical facility and take patient samples for testing. – Wear a mask frequently, cover your mouth when coughing or sneezing. – Wash your hands with soap continuously to avoid the risk of spreading the disease to other people. – Share your own travel schedule with medical staff. – Call the information hotline immediately: 19003228 and 19009095. |
VietnamThe worldAmericaItaly SpainGermanyFranceBrother
Source: http: //danviet.vn/the-gioi/covid-19-khien-200-ty-usd-trung-quoc-dau-tu-vao-chau-phi-tro-nen-cong …
Sweden will ask the European Union (EU) to investigate the origin of the Covid-19 pandemic, a measure that could damage the …
