Asia Times is not a 'left' publication -- nor a socialist one of any flavor. But the weight of China's industrial policies on the entire Asia-Pacific continent(s) is abundantly clear in its stories, but largely missing in the Western Press. Internationalism of a (hopefully) different kind is a key feature of CPC leader Xi Xinping's 'Belt and Road' and other initiatives. Building a labyrinth of infrastructures spanning 60 nations and billions of people will appear as another version of imperialism to many acquainted with role of economic and political domination in the World Wars of the 20th century.Centuries. But the macro economic impact of Chinese foreign investment strategies in Africa belies the
Western model in important ways: Most deals included trading raw materials for infrastructure (ports, airports, roads, etc), but do not appear to involve political domination or payoffs to militaries as the price of extracting as much as possible with the least investment. The Chinese have a surplus of labor, so they employ as many as possible directly in overseas ventures. Botswanna is a good example of An African economy that benefited from the infrastructure investments, and its incentives for general economic development, not just natural resource development -- as the dominant labor market.. Despite warnings from the Western press Botswanna's indebtedness to China has not resulted in Chinese political domination, or demands that Botswanna only trade with China. However, it is also clear that the Chinese Belt and Road initiative is aimed directly at creating a strikingly different kind of global network of economic alliance than that favored by the IMF and Western-US led interests. There is a lot more to come from these developments, especially if Trump succeeds in running Western alliances off the rails.
China's 'Private Army' prowls the 'New Silk Road'
-- via my feedly newsfeed