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S.L. Kanthan Profile picture
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Dec 11 • 7 tweets • 3 min read
Some stunning stats on what China has built in Africa:

🔹100 sea ports
🔹1000 bridges
🔹10,000 Km of railways
🔹100,000 Km of highways
🔹 200,000 Km of optical fibre (for broadband internet)

What has USA done other than whining about “Chinese influence”?

#BRI #infrastructure
Source:

hiiraan.com/op4/2022/Dec/1…
And for those who bring up “debt trap”…
China accounts for only 12% of Africa’s debt!

The other 88% is owed to USA, Wall Street, Europe, IMF, and World Bank.

Africa’s total external debt is now about $700 billion

reuters.com/world/africa/a…
The eight African countries that are most indebted to China are: (figures in billions of US dollar)

🔹Angola ($36)
🔹Ethiopia ($14)
🔹Zambia ($6)
🔹Cameroon ($5)
🔹Kenya ($4)
🔹Nigeria ($4)
🔹Congo ($2.5)
🔹Djibouti ($1.5)
The interest rates on Chinese loans for Africa are far lower than Western loans: 2.7% versus 5%

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More from @Kanthan2030

S.L. Kanthan Profile picture
Dec 12
Did America make China great again? Let’s take a look.

The US has invested lots of money abroad (FDI) over the decades.

The net direct investment by the U.S. as of 2021 was whopping $6.5 trillion!

Guess how much of that is in China? Image
How much of America’s FDI went to China?

It’s a 15-minute poll. So, hurry!
Well, 88% of the people who answered the polls were wrong! 😀 But it’s not surprising.

Here’s the shocker: Only 3% of US FDI went to China!

Direct investment position of US in China is only $120 billion! 😮

How’s that possible? Image
Read 6 tweets
S.L. Kanthan Profile picture
Dec 11
What happens if you teach a person how to make cookies?

Case study: European, Chinese, American and Indian. 🧵
European makes amazing cookies with the best ingredients and the business is profitable, but he is happy with one bakery.
One day after learning how to make cookies, the Chinese makes 1000 cookies.

One year later, he exports 100,000 boxes of cookies.
Read 5 tweets
S.L. Kanthan Profile picture
Dec 10
A common myth spread by India’s elites is that China opened up in 1978, while India opened up in 1992. And this 14-year gap still persists today.

This illogical excuse hides the true forces behind China’s miraculous growth.

slkanthan.substack.com/p/the-myth-of-…
Fact is that not much happened in China from 1978 to 1991 as the “reform and opening up” struggled immensely all through the 1980s.

What matters are the changes that happened AFTER 1990.

And that remarkable transformation happened in three phases:
In each phase, China’s GDP more than tripled.

And each phase had distinctive economic policies and focus.

Phase 1: 1990-2001. The decade of FDI and capitalism.

Phase 2: 2001-2009. The gilded age of WTO

Phase 3: 2009-2021. The hi-tech era and internationalism.
Read 4 tweets
S.L. Kanthan Profile picture
Dec 9
And the cat is out of the bag sooner than most experts thought! Oil for Yuan becomes a reality! 💥

At the China-GCC Summit, Xi Jinping proposes using Shanghai Exchange and RMB to trade oil.

An arrow pointed at America’s Achilles Heel — Petrodollar!

reuters.com/world/saudi-ar…
Even most Americans don’t realize where their extraordinary privilege comes from.

The ability to print trillions of dollars, impose crippling sanctions on other countries, spend $800 billion a year on military… all depend on the unique status of U.S. dollar.

And that…
And that depends on the status of US dollar as global reserve and trade currency.

And that exorbitant status comes from the fact oil and other commodities are sold only in USD.

This is the essence of “Petrodollar.”
Read 6 tweets
S.L. Kanthan Profile picture
Dec 8
How America stays #1. Clever financialization but with major weakness. Here are the % of global profits that go to the USA:

- Aerospace and defense: 92%
- Media: 81%
- Pharmaceuticals: 50%
- Hardware and software: 77%
- Electronics: 46%
- Financial services: 67%
This is a total “service economy” that depends on a mix of fluff and exploitation of developing nations.

1. Obvious fluff is media, which is full of propaganda and sensationalism. Not much real value added to the society.
2. Same with Big Pharma. Very little innovation and no cure. Most profits of American pharmaceutical companies come from tweaking patents and selling the same medicine for higher profits
Read 9 tweets
S.L. Kanthan Profile picture
Dec 7
China’s famed infrastructure is now reflected on the currencies of several nations!

Qatar, Kuwait, Algeria, Sudan, Pakistan, Thailand… the list goes on.

Meanwhile, the US is wasting $500 million on anti-China propaganda. 🙄
Three more examples: Sri Lanka, Congo, Laos…
And these are oftenlasting infrastructure projects that improve the lives of millions of people:

🔹Hydropower dams
🔹Power plants
🔹Bridges
🔹Universities and schools

And some are cultural like the largest mosque in Algeria.
Read 4 tweets

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