I say! As if it's not enough to be buying up American debt, China have now offered a multi-billion dollar package of financial and technical assistance to African nations. At the Forum on China-Africa Cooperation Prime Minister Wen Jiabao has pledged $10 billion in low interest loans, double the amount at the last meeting in 2006. On top of all that, China has promised to forgive the remaining debt on certain interest-free loans granted to some African nations.
Jolly nice of them I say, since most of the West a) can't afford to help any more, and b) adds pesky conditions to loans, like asking for improvements in the way countries are governed. I mean, who wants to see democracy flourish in Africa? Not the Chinese. Much better for them to keep the nations unstable, so they can exploit the continent's mineral and oil reserves.
While you're at it China, why not pile into hundreds of starving children with tanks, in an attempt to recreate your Tiananmen Square acheivements....
Good night!
Tuesday, November 10, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment