New Chinese Rail Line Buries Kenya in Debt
Is the Chinese made rail line going to be the thing that starts to turn around Africa's luck? Or is it just a new era of colonialism?
—Chris
New Chinese Rail Line Buries Kenya in Debt | China Uncensored (YouTube)
Comments (5)
On the subject of rail-lines, do you have any news or updates on the "Smart-City" initiatives in China that Siemens, Cisco, and others are involved in? Not certain if it's newsworthy but given the state of the Chinese infrastructure and the extreme capacity for potentially increasing surveillance of Chinese citizens, it may be worth a look. This is an excerpt from chinabusinessreview that highlights this: <a href="http://puu.sh/wetiF/b54f50b603.png" rel="nofollow noopener" target="_blank">http://puu.sh/wetiF/b54f50b603.png</a>
We haven't looked into it yet. Thanks for the suggestion!
The US and IMF did the same financial colonialism with Thailand and other SE ASian countries during their financial debt crisis. But when the US needed a bailout in 08, they bailed out their own banks, but didn't allow the Asian banks to do the same a year earlier, and that was one year after forcing them to borrow from the US. Just calling a spade a spade.
The US and the IMF? Sounds like regulatory Hell. Maybe it is not simply a matter of "colonialism" as you suggest.
It looks like Kenya signed a deal with the Móguǐ.