₦airaland Forum

natedroid:
While I've read the various opinions in this thread, most of them brilliant and apt, I believe they lack first-hand experience of China's current economic reality. The strong image is misleading. First-hand accounts from within China reveal economic strain, reliance on the U.S., and significant unemployment. I have a a close contact who has lived in Beijing for over two decades,who has given me a perspective that contrasts sharply with the image of strength China projects. Beyond the modern cities, much of China remains underdeveloped, and its economy is deeply reliant on access to the U.S. market, a vulnerability highlighted by recent trade conflicts and rising unemployment.

I support America's push to reshore manufacturing. It strengthens the U.S. economy and sets a positive example. For Nigeria, the lesson is clear: we must drastically reduce our reliance on Chinese imports by building our own factories and industries. True economic strength comes from production, not importation.


This is a wake-up call for Nigeria. We must stop being a market for Chinese goods and start becoming a manufacturing hub ourselves. America is showing the way by bringing production home, and we should do the same. Relying on China is a strategic error.

Let's not be naive about China's motives in Africa. They are here to exploit, not to partner. Our trade deficit with them is proof. A better partner for Nigeria I repeat is India or any other country but not china

My experience with Chinese companies in Nigeria has shown me their primary interest is resource extraction. Our trade relationship is a one-way street, with billions in imports from China and almost no exports in return. I would prefer partnerships with countries like India or Vietnam.

And again ,global allegiances speak volumes. The number of Nigerians in the West versus those in China or Russia, along with personal choices on where to be educated, demonstrates a clear preference. actions speak louder than words. The diaspora communities and educational choices of Nigerians show where true trust and alignment lie. It's not with China or Russia .
Given the choice between U.S. and Chinese leadership, the vast majority of Nigerians would choose the U.S., and I stand with the United States, a country that I have benefitted so much from.
China would do worst than America or any Western world has ever done as a World power, China is subtly exploiting African resources already and they would do worst . They are horrible employers ,am speaking from personal experience, China cannot be trusted .

Your starting paragraph is very very true
An in depth analysis of China economy shows quite a number of fragilities that will unravel as time goes on, no matter how much they try to keep it in the dark

There is only so far over stimulation will take you before everything scatters kpata kpata

Not to even talk of their overcapacity and looking for where to dump their products overseas.

We shall be there when the cracks begin to show, and ill like to hear what all the "anti west" crooners here have to say WHEN that begins to happen

As per the bolded
Dont even bother
its not gonna happen

Washington that is clipping and snatching their small partners one by one (DRC, Madagascar, Rwanda, Etc and now Venezuela has been circled)

China does not have the experience, capacity or competence to be a stable or trusted hegemon.

With what is going on, and how china cant even step up for any of its "allies"; the message is being passed and it is being received

China at best will be an alternative trading partner, thats what appears to be their destiny

Gerrard59:
The Japanese would suffer more, especially in terms of the economy and its related aspects. The tourism industry relies heavily on well-heeled Chinese tourists. Japanese business leaders lobbied heavily for renewed visa-free access, which was recently extended to the end of 2026. So, it has not been restored to its pre-COVID state permanently. Already, Chinese companies are heading past Japanese companies across Southeast Asia and the wider region. A week ago, I read an article that outlined how Japanese companies are now component suppliers rather than final products to the Chinese market. Inasmuch as the Japanese are not pro-open immigration, they prefer Chinese immigrants to non-East Asian immigrants, and as expected, Chinese immigrants constitute the majority of immigrants in Japan. People should not be deceived by the Western rhetoric you see in English media content related to Japan about Chinese immigration in Japan. Chinese spend more than Westerners in Japan.

In all, as I analysed within myself more than a year ago, should there be an open confrontation regarding Taiwan vis-à-vis China/US, Japan would have to intervene either as a launchpad for the US military or/and as a refugee haven for Taiwanese. Should that happen, I will liquidate all I have here and book a one-way flight back home. After watching Africans' experiences in Ukraine, I would not be a party to such.

I like how you and panso are being delusional about this China - Japan thing

Japan has a history of smacking China in the nut, and this will happen again IF the Chinese are stupid enough to go after Taiwan militarily

The battle line has been drawn, and if Xi does not have common sense to reconsider his "alleged" 2027 misadventure into Taiwan, anything that happens to china AFTER is on Xi head

All these old men (Xi and Putin) are looking to settle scores and they will throw their countries into a lot of post war pain

Again, we shall be here, we shall see how it plays out, and we will be alive, and ill come here to say that I SAID IT.

Stay tuned with your popcorn 🍿

emmaodet:

You can see how the guy quickly sneaked in the "if you are given the option of choosing between US visa and Russia/China visa, which one will you pick" narrative.
They can't even hide their hate for China.
There is always one reason or the other why china is bad and the west is good.

It is common sense to know that NO SIDE/ Country is "good"
Everyone is just pursuing what THEY FEEL is best for them

The West are gangsters and the Chinese are criminals (refer to their bandits activity in the north)

In fact, I suspect that Trump rattling Tinubu up about the "killings" in the north and the asinine response the Chinese gave is on account of Washington knowing what Chinese miners are up to in the north, and are orchestrating plans to thwart them

It is delusional Africans who think that China has good intentions for Africans and will come save Africans, not knowing that the cheap products they are selling to that disgraced and impoverished continent is on account of their overproduction, and they are practicing dumping (which is a WTO violation but that is talk for another day)

But a continent with low disposable income, and dull leadership dont have luxury to think beyond the immediate

pansophist:
…

Even if they want to sacrifice their own kids, where are they?

Your average American soldier is fat and the US military have been reducing the health qualifications just to recruit more soldiers.

Besides, the US of today is not like ww2 where the demographics was white majority. Many immigrants won’t fight. I can’t imagine the UK, France or The Netherlands want to fight. Most of the foreign population who are citizens won’t even fight.

As per the bolded, you must be joking lmaoooo

china trade surplus tops $1 TRILLION for the first time ever


https://www.youtube.com/watch?v=CtwJvgPJ9xw

-Lord

last year pakistan installed more solar capacity than all of africa combined
one of the root causes of pakistan's perpetual economic malaise is cost of energy

china's oVeRcApAcItY is solving another pain point that unlocks exponential economic growth

-Lord

LordAdam16:
last year pakistan installed more solar capacity than all of africa combined
one of the root causes of pakistan's perpetual economic malaise is cost of energy

china's oVeRcApAcItY is solving another pain point that unlocks exponential economic growth

-Lord

These people haven't realised that the rest of the world has left them to find profoundly cheap, but highly workable and efficient solutions to their problems.

How can one preach overcapacity to Pakistanis? People wey never see electricity now sees one that works and is very affordable, you tell am say e dey bad because it is a result of overcapacity?

Gerrard59:
These people haven't realised that the rest of the world has left them to find profoundly cheap, but highly workable and efficient solutions to their problems.

How can one preach overcapacity to Pakistanis? People wey never see electricity now sees one that works and is very affordable, you tell am say e dey bad because it is a result of overcapacity?

You people would not get it, even if it is explained to you like a 6 year old, so i wont bother to further explain what those who have an understanding of what dumping is, and how dangerous it is, especially for developing countries

Yes, Pakistan is a beneficiary in this sense, and ir is wonderful to see how it is "solving" their problems.
but think of the many countries whose industries and companies cant compete with the Chinese because of state backed subsidies.
What of the domestic electricity producers who MAY go bust because of this?


It boils down to poverty and "impoverishment" so ill understand why people from these countries cheer this on.

Just like how Nigerians cheer on the activities of Seme border via cotonou because of the cheap things they get, not taking into account the long term damage it is doing to their country

Anyways, we shall be watching from the sidelines drinking our juice and watching with popcorn 🍿 in hand, as e dey shele, we will be counting the scores

One thing i believe the Nigerian govt under President Obasanjo got very right is the Pioneer Legislation application to the cement industry where we have local capacity to produce our own cement, even though people complain it is more expensive than the imported ones.


When you think about the multiplier effect of the jobs created by BUA × Dangote Group, the VAT, WHT and CIT and PIT paid to the govt, and the list goes on, it outstrip any cost savings that importation would have brought

Benin Republic wants to take the other way, and they will soon realise why that is a mistake

But again, let's be watching as things unfold

There is a reason why the textile industry is dead in Nigeria, despite them producing quality textiles and jobs and aggregate demand
Well, we shall see

PS: This is for the general audience

RodgersAkpafu:
You people would not get it, even if it is explained to you like a 6 year old, so i wont bother to further explain what those who have an understanding of what dumping is, and how dangerous it is, especially for developing countries

Yes, Pakistan is a beneficiary in this sense, and ir is wonderful to see how it is "solving" their problems.
but think of the many countries whose industries and companies cant compete with the Chinese because of state backed subsidies.
What of the domestic electricity producers who MAY go bust because of this?

Every major company/industry gets favourable grants/subsides from the governments. Innonson, NORD motors, Air Peace, Dangote, etc. It is perfectly normal across the world for countries to favour certain companies and industries. Soon, the Tinubu administration will either ban the imports of solar or introduce high levies. The result will see Chinese companies setting up factories in Nigeria. The question is: does this stop American or European firms from doing the same?

Domestic electricity producers in Pakistan should adapt or go out of business. Isn't that capitalism again? Import solar panels and sell to the grid. It is called competition. Invest in electricity ventures that are cheaper than solar such as biofuels from a major cash crop. The Indonesian gov't is supporting the conversion of palm oil into fuel. They signed an agreement with Brazil, where sugar/corn/cassava/soybeans are major raw materials for ethanol/biofuel production. So, compete or go out of existence. The problem many Westerners have is that they don't want to compete, or they clearly know that they are unable to compete with the Chinese. And yes, it is cultural as well as genetic. The Chinese are ruthless when competing because they work harder, longer, diligently, and efficiently than many other groups out there. But that is life - change is constant. The subsidy rhetoric is too outdated because many in the West have yet to grasp who they are competing with. The supply chain in China is unparalleled, more math and engineering grads than any other country, people with a ruthless work ethic, drive and ambition to excel, a supportive government, cheap and plenty of available energy, cheap lands for expansion etc.

As for currency devaluation, that is moot as every country does it to their advantage. The dollar has devalued by circa 10% this year. The naira has devalued against other currencies. Our cocoa is cheaper than Ghanaian cocoa.

It was not the Chinese who told the Germans to SHUT DOWN active nuclear plants or go against Russian gas. It was not the Chinese who told Europeans to adopt nEt zErO or the EU to be the Mother of Regulations rather than easing permits for construction and growth.

It boils down to poverty and "impoverishment" so ill understand why people from these countries cheer this on.

It is called competition. Why should it be different because it is the Chinese? For all its worth, the Chinese make up roughly 1/4 of the world's population, so it is natural to have it as a major producer, and now number one producer due to its non-demographic advantages.

BTW, it is not like the Chinese are not interested in buying products from the EU, but due to racial bromance and America's bullying, ASML cannot sell the latest equipment to the Chinese. In your world, this should mean the Chinese let go of their AI dreams rather than build their own version? Are countries not supposed to chart their own course?

See here: the rest of the world, and I write this as someone who studied, lived, observed and work with the Chinese: we should learn from them rather than antagonising them. These people are brilliant, hard-working, diligent and go-getters. For one, we should instil strong math skills amongst our people.

---

That said, the PM approved the mega Chinese embassy. Big Daddy Wins again.

RodgersAkpafu:
One thing i believe the Nigerian govt under President Obasanjo got very right is the Pioneer Legislation application to the cement industry where we have local capacity to produce our own cement, even though people complain it is more expensive than the imported ones.

Unfortunately, unlike China where cement na water, ours is way more expensive. Shouldn't we rather look for ways to ensure costs get reduced to their barest minimum while production efficiency increases? Nevertheless, it is nice to read that you support a leaf from China's book. Protect thy industry, but don't be jealous when your manufacturers cannot compete favourably in a neutral market/ground o.

When you think about the multiplier effect of the jobs created by BUA × Dangote Group, the VAT, WHT and CIT and PIT paid to the govt, and the list goes on, it outstrip any cost savings that importation would have brought

Agreed. However, one of the causes for the high rents we have nationwide is high cement prices. Maybe if imports were allowed alongside having a weak naira.

Benin Republic wants to take the other way, and they will soon realise why that is a mistake

This means cement from Nigeria cannot be currently sold in the country, and even its regulated imports come from North Africa.

A Google AI description of Benin:

Benin sets fixed retail prices for cement and monitors compliance, often deploying task forces to ensure stability and fairness.

Why would a country FIX cement prices?! Is this the country I am told is better than Nigeria? Jesus Christ of Ikot Ekpene! Fix cement prices?!

There is a reason why the textile industry is dead in Nigeria, despite them producing quality textiles and jobs and aggregate demand
Well, we shall see

Okay, we block imports and the Chinese set up factories in Nigeria, then we complain that the Chinese are dominating our textile industries The question is: did the Chinese prevent us from doing the same? The competition here isn't just financial, but cultural and genetic.

People should re-learn, unlearn and learn or perish. People should learn to compete.

Gerrard59:
People should re-learn, unlearn and learn or perish. People should learn to compete.

interestingly, i get some of the point the westerners are now making about competitiveness
tbh, they're hypocrites but there is validity in the argument that china is a 600 pound competition gorilla

for instance, if china opened up its cement market, could dangote compete in it
could nigeria produce cheaper, better cement that'd steal market share in china's domestic cement market
heck, the typical economic model where a richer country abandons low-value goods for poorer countries is becoming obsolete
because china can produce pencils faster, cheaper, and more efficiently than nigeria will ever be able to
with dark factories, ai, robotics, boundless capital, unimaginable economics of scale, and infinite talent; whatever industry a developing country plans to compete in the future will still have China sitting as the de facto dominant player

i think we're ultimately broaching the limits of free-market capitalism
it's all well and good when the golden billion hoard high-value production and then give us lamba of middle income trap
but what happens when a china that excels at everything is so much of a competitive juggernaut that they dominate both domestic and foreign markets
we're even getting to a point where the chinese are leaving china to set up chinese factories in developing countries, such that the chinese in vietnam, kenya, and brazil would be competing with the chinese in china for access to domestic and foreign markets
leaving few industries for everyone else to share, mostly raw materials that china does not have large enough natural deposit of or areas where one still has an edge (like making jetliners)

to put this in perspective, without barriers, how would one outcompete chinese EVs or batteries
not in foreign markets and certainly not in china's domestic market
they do not just produce cheaper
they also have cheaper capital to fund R& and the endless talent to discover the best next-gen tech

now, it would have been better if someone other than the westerners was raising this issue
but we may just be nearing a situation where there will have to be participation trophies for anyone without massive deposits (russia, australia, norway) or economies of scale (countries with 200m+ population)
and europe is looking at the short end of the stick here, because as their industrial revolution lead erodes, they will not be able to generate enough wealth to fund their liabilities
for africa and the rest of the developing world, it is a tomorrow problem

-Lord

LordAdam16:
now, it would have been better if someone other than the westerners was raising this issue
but we may just be nearing a situation where there will have to be participation trophies for anyone without massive deposits (russia, australia, norway) or economies of scale (countries with 200m+ population)
and europe is looking at the short end of the stick here, because as their industrial revolution lead erodes, they will not be able to generate enough wealth to fund their liabilities
for africa and the rest of the developing world, it is a tomorrow problem

-Lord

Your post encapsulates everything about the breadth and growth of Chinese ingenuity, capital and scale. It is hard to compete with them even in one's domestic turf. Forcing or requiring Chinese companies to set up production facilities in one's country isn't a problem, but the same Chinese companies would outdo even the local manufacturers. In fact, the independent Chinese companies that set up operations in foreign countries do so because of the stiff competition in China itself. An example is Chinese companies that set up coconut processing facilities in Thailand, thereby edging out local Thai producers who were dependent on the Chinese market. Now, when those Chinese companies set up operations, they were so comprehensive and detailed: they had their own farms, their own logistic operations, imported entire production lines from China and scaled up rapidly that local Thai coconut companies grumbled as they now compete for the Chinese market, not with local peers but Chinese companies themselves.

In our recycling sector, I read where a player broke down the analysis of the industry and stated that not only Chinese firms, but Indian as well, out-compete their Nigerian competitors by importing the entire production lines, giving them the ability to process all sorts of wastes and control the pricing of the raw materials since they are the biggest offtakers. The same in cassava processing as well; the biggest industrial and exporters of cassava are mostly Chinese companies. The thing I have noticed with them is how they go in all when they set up operations: they aim to control the entire process from A - Z.

For countries to stand up to the competition, they have to support their own local producers with cheap capital. Aside from cheap capital, how does one compete with the cultural advantage of a strong work ethic and ruthless discipline? Tariffs can work, but there is a limit because Chinese companies will simply reroute their exports to third-party countries for the target market. Just recently, Mexico has approved a 50% tariff on imported industrial goods from not only China, but India, South Korea and Thailand. Now, Chinese companies can go into Mexico to set up operations to target the US market. The EU cannot have a unified response to this because Chinese companies are setting up operations in Hungary and Spain, including Morocco, which has a trade agreement with the EU.

In fact, when Trump slapped the tariffs, I watched where Chinese businesses moved their goods to Lagos for eventual exports to the US. I then cross-checked the different tariffs and saw that it is lower for Benin Republic, Liberia and other West African countries. So a Chinese company wishing to avoid high US tariffs can set up operations in any of those countries and make profits. This is capitalism at its finest. Or would the West dictate to countries in the Global South to restrict Chinese investment, not just imports?

Compete or kpeme.

Now that the power sector in Nigeria have been liberalised and open to investors, I foresee a huge Chinese investment and in no time, electricity will be available for all Nigerians.

This is an area I will support for the Chinese to outcompete everyone, while government conduct general oversight and compliance.

BYD already launched in Nigeria, which makes me wonder what’s cooking, because I wonder how BYD plan to scale up when electricity and charging stations are issues they have to contend with.

All in all, competition is good. If you can’t beat them, at least you can regulate them and still get handsome profits while getting the same result. It’s not different from what the gulf countries did with human capita. For example Qatar, UAE, Kuwait, Saudi Arabia etc all have a huge foreign presence.

Kuwait for example even have more foreigners living in Kuwait than citizens, but they never give citizenship, while maintaining a stronghold on their system, and deliver maximum benefits to their citizens.

So if the gulf countries can develop fast with human capita from outside the world and still retain their systems, African countries can do the same with Chinese money and expertise. There is an endless amount of money the Chinese have, and they just want a market to invest it in.

All their excessive foreign reserve can’t be used in China, which means they have to go for foreign projects from the BRI, to supporting Chinese firms, loans to foreign governments, financing foreign obligations etc .

In five years time, the world will be in a different stage. I still think Chinese competition haven’t even started. We go all see shege if we no buckle up.

China just have to avoid war and unnecessary traps the west are setting, which they are doing very well at already. Time and momentum is on their side, and they wil use it to achieve all their goals and even liberate Taiwan without firing a shot.

“Community of shared destiny for humanity”, the Chinese stated political slogan for the world will benefit everyone, and their capitalism is one of it.

Gerrard59:
Your post encapsulates everything about the breadth and growth of Chinese ingenuity, capital and scale. It is hard to compete with them even in one's domestic turf. Forcing or requiring Chinese companies to set up production facilities in one's country isn't a problem, but the same Chinese companies would outdo even the local manufacturers. In fact, the independent Chinese companies that set up operations in foreign countries do so because of the stiff competition in China itself. An example is Chinese companies that set up coconut processing facilities in Thailand, thereby edging out local Thai producers who were dependent on the Chinese market. Now, when those Chinese companies set up operations, they were so comprehensive and detailed: they had their own farms, their own logistic operations, imported entire production lines from China and scaled up rapidly that local Thai coconut companies grumbled as they now compete for the Chinese market, not with local peers but Chinese companies themselves.

In our recycling sector, I read where a player broke down the analysis of the industry and stated that not only Chinese firms, but Indian as well, out-compete their Nigerian competitors by importing the entire production lines, giving them the ability to process all sorts of wastes and control the pricing of the raw materials since they are the biggest offtakers. The same in cassava processing as well; the biggest industrial and exporters of cassava are mostly Chinese companies. The thing I have noticed with them is how they go in all when they set up operations: they aim to control the entire process from A - Z.

For countries to stand up to the competition, they have to support their own local producers with cheap capital. Aside from cheap capital, how does one compete with the cultural advantage of a strong work ethic and ruthless discipline? Tariffs can work, but there is a limit because Chinese companies will simply reroute their exports to third-party countries for the target market. Just recently, Mexico has approved a 50% tariff on imported industrial goods from not only China, but India, South Korea and Thailand. Now, Chinese companies can go into Mexico to set up operations to target the US market. The EU cannot have a unified response to this because Chinese companies are setting up operations in Hungary and Spain, including Morocco, which has a trade agreement with the EU.

In fact, when Trump slapped the tariffs, I watched where Chinese businesses moved their goods to Lagos for eventual exports to the US. I then cross-checked the different tariffs and saw that it is lower for Benin Republic, Liberia and other West African countries. So a Chinese company wishing to avoid high US tariffs can set up operations in any of those countries and make profits. This is capitalism at its finest. Or would the West dictate to countries in the Global South to restrict Chinese investment, not just imports?

Compete or kpeme.

bellissima

one way or another we may have to devise a new type of economic system or heavily reform capitalism
the chinese have hacked it

on cheap capital being the only way to keep up
that is doubtful
china has $1T in surplus every year, more than $22T in total savings; savings rate of above 35%
interest rate on savings is around 1% and loan rates are not that much higher, sub 2%

the anchor borrower's loan buhari doled out was at 9%
and beneficiaries did not pay back
malami's wife took N4B

so even if the government gives out cheap loans
the chinese will still come to the developing world to set up shop with loans that are way cheaper than what global south central banks can give out
china is in its deflation era and if they really want to be brutal, they can adopt the model that the europeans pioneered in the two decades pre-COVID and start a negative interest rate regime

no global south country can compete with china
none
all we can do is feed the juggernaut with raw materials
the only reason why it seems like north america, europe, and japan/sk appear to be competing on some level is because they had a head start
so there are areas where china has to catch up, like with jet engines

but the europeans are complaining now because they have a lot of liabilities that they will not be able to afford if this trajectory continues

i think there are a couple of reforms that could be done
but it cannot be established by just one or a few countries
like the proposed global tax laws, the reforms and measures will have to be negotiated by most of the global south
so you don't have an ireland or singapore or cayman island that goes f*ck that

from local taxes to minimum local ownership stake (so if a chinese comes here to establish a processing plant, there must be a local partner who would own at least 25% of the joint venture), minimum job quotas for locals, minimum quotas for local suppliers
but as i said it would have to be fairly uniform across countries, otherwise politicians and certain countries will either go overboard or try to undercut others

-Lord

pansophist:
Now that the power sector in Nigeria have been liberalised and open to investors, I foresee a huge Chinese investment and in no time, electricity will be available for all Nigerians.

This is an area I will support for the Chinese to outcompete everyone, while government conduct general oversight and compliance.

BYD already launched in Nigeria, which makes me wonder what’s cooking, because I wonder how BYD plan to scale up when electricity and charging stations are issues they have to contend with.

All in all, competition is good. If you can’t beat them, at least you can regulate them and still get handsome profits while getting the same result. It’s not different from what the gulf countries did with human capita. For example Qatar, UAE, Kuwait, Saudi Arabia etc all have a huge foreign presence.

Kuwait for example even have more foreigners living in Kuwait than citizens, but they never give citizenship, while maintaining a stronghold on their system, and deliver maximum benefits to their citizens.

So if the gulf countries can develop fast with human capita from outside the world and still retain their systems, African countries can do the same with Chinese money and expertise. There is an endless amount of money the Chinese have, and they just want a market to invest it in.

All their excessive foreign reserve can’t be used in China, which means they have to go for foreign projects from the BRI, to supporting Chinese firms, loans to foreign governments, financing foreign obligations etc .

In five years time, the world will be in a different stage. I still think Chinese competi haven’t even started. We go all see shege if we no buckle up.

China just have to avoid war and unnecessary traps the west are setting, which they are doing very well at already. Time and momentum is on their side, and they wil use it to achieve all their goals and even liberate Taiwan without firing a shot.

“Community of shared destiny for humanity”, the Chinese stated political slogan for the world will benefit everyone, and their capitalism is one of it.

methinks that china's idiosyncrasies will lead to a massive global economic reckoning
change is inevitable
and this is how humanity has historically advanced

while trying to factor in chinese excellence into how the rest of the world prospers, something better will emerge
now is as good a time as any to discuss what that will look like
but what is certain though is that we are not returning to the golden billion fallacy

-Lord

LordAdam16:
but what is certain though is that we are not returning to the golden billion fallacy

-Lord

…

Amen

pansophist:
Now that the power sector in Nigeria have been liberalised and open to investors, I foresee a huge Chinese investment and in no time, electricity will be available for all Nigerians.

This is an area I will support for the Chinese to outcompete everyone, while government conduct general oversight and compliance.

BYD already launched in Nigeria, which makes me wonder what’s cooking, because I wonder how BYD plan to scale up when electricity and charging stations are issues they have to contend with.

All in all, competition is good. If you can’t beat them, at least you can regulate them and still get handsome profits while getting the same result. It’s not different from what the gulf countries did with human capita. For example Qatar, UAE, Kuwait, Saudi Arabia etc all have a huge foreign presence.

Kuwait for example even have more foreigners living in Kuwait than citizens, but they never give citizenship, while maintaining a stronghold on their system, and deliver maximum benefits to their citizens.

So if the gulf countries can develop fast with human capita from outside the world and still retain their systems, African countries can do the same with Chinese money and expertise. There is an endless amount of money the Chinese have, and they just want a market to invest it in.

All their excessive foreign reserve can’t be used in China, which means they have to go for foreign projects from the BRI, to supporting Chinese firms, loans to foreign governments, financing foreign obligations etc .

In five years time, the world will be in a different stage. I still think Chinese competition haven’t even started. We go all see shege if we no buckle up.

China just have to avoid war and unnecessary traps the west are setting, which they are doing very well at already. Time and momentum is on their side, and they wil use it to achieve all their goals and even liberate Taiwan without firing a shot.

“Community of shared destiny for humanity”, the Chinese stated political slogan for the world will benefit everyone, and their capitalism is one of it.

pansophist:
Now that the power sector in Nigeria have been liberalised and open to investors, I foresee a huge Chinese investment and in no time, electricity will be available for all Nigerians.

This is an area I will support for the Chinese to outcompete everyone, while government conduct general oversight and compliance.

BYD already launched in Nigeria, which makes me wonder what’s cooking, because I wonder how BYD plan to scale up when electricity and charging stations are issues they have to contend with.

All in all, competition is good. If you can’t beat them, at least you can regulate them and still get handsome profits while getting the same result. It’s not different from what the gulf countries did with human capita. For example Qatar, UAE, Kuwait, Saudi Arabia etc all have a huge foreign presence.

Kuwait for example even have more foreigners living in Kuwait than citizens, but they never give citizenship, while maintaining a stronghold on their system, and deliver maximum benefits to their citizens.

So if the gulf countries can develop fast with human capita from outside the world and still retain their systems, African countries can do the same with Chinese money and expertise. There is an endless amount of money the Chinese have, and they just want a market to invest it in.

All their excessive foreign reserve can’t be used in China, which means they have to go for foreign projects from the BRI, to supporting Chinese firms, loans to foreign governments, financing foreign obligations etc .

In five years time, the world will be in a different stage. I still think Chinese competition haven’t even started. We go all see shege if we no buckle up.

China just have to avoid war and unnecessary traps the west are setting, which they are doing very well at already. Time and momentum is on their side, and they wil use it to achieve all their goals and even liberate Taiwan without firing a shot.

“Community of shared destiny for humanity”, the Chinese stated political slogan for the world will benefit everyone, and their capitalism is one of it.

Two days ago, I reminded myself that I made a promise to you, and I should fulfil it when the time comes. It is a wonderful time as an African to be alive, and special thanks to Tinubu for not antagonising the Chinese as some might have expected. Dude embraced them with both hands. Emi Lokan!

As I have stated, rather than complain, think of how to partner with the Chinese, either by selling to them or buying from them or having them set up factories in your community.

Gerrard59:
Two days ago, I reminded myself that I made a promise to you, and I should fulfil it when the time comes..

…

Which promise be that? Remind me abeg, make I hold you accountable

Gerrard59:
Two days ago, I reminded myself that I made a promise to you, and I should fulfil it when the time comes. It is a wonderful time as an African to be alive, and special thanks to Tinubu for not antagonising the Chinese as some might have expected. Dude embraced them with both hands. Emi Lokan!

As I have stated, rather than complain, think of how to partner with the Chinese, either by selling to them or buying from them or having them set up factories in your community.

All these excess Chinese trillions will go mostly to the global south. Kenya for example have restructured their foreign debt in yuan, to stabilise their economy.

That’s an other example of China using their money to make Africans break the chains the west have set for us.

There are many more examples, but China with its 1.4B competent humans will destroy any so called rule base order that is a tool to keep the rest poor.

It is also not a news that China has opened its market to Africans, duty free. Of course we are not yet in a position to compete with them, but any business can send their materials duty free and sell, just like Africans does with foodstuff to Europe/US/Canada.

If the Chinese have fully developed their mainland, those excess human capital will shift to the global south. I am anticipating 2030 for all these to become a reality.

The so called rule base order as far as I am concerned is effectively a past, as no one can fight against time and momentum.

pansophist:
Which promise be that? Remind me abeg, make I hold you accountable

A nice wristwatch.

no comment this year

with everything going on
😕

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@gerrard59, what are you thoughts about takaichi's blowout victory?
i consider it to be an activation of sorts for the kinetic phase of triggering a pacific war

whether china is ready or not
the stage is being set

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@pansophist

read this from lavrov

Multiple centres of rapid economic growth, power, and financial and political influence have thus emerged. The world is being reshaped through competition. The West is reluctant to relinquish its formerly dominant positions.

Moreover, with the arrival of the Trump administration, this struggle to constrain competitors has become particularly obvious and explicit. Indeed, the Trump administration openly asserts its ambition to dominate in the energy sector and harness their competitors.

Blatantly unfair methods are being used against us: the operations of Russian oil companies such as Lukoil and Rosneft are being banned, and there are attempts to dictate and restrict Russia’s trade, investment cooperation, and military-technical ties with our major strategic partners, including India as well as other BRICS states.
…
All of these geopolitical confrontations, along with the attempts to derail the objective course of history, inevitably affect bilateral relations. I am not going to mention them all; those include sanctions, the so-called “shadow fleet” invented by the West, attempts to detain vessels by military force in the open sea in blatant violation of the UN Convention on the Law of the Sea, and much more. Tariffs imposed for purchasing oil or gas from certain suppliers have now become commonplace.
…
They tell us that the Ukraine problem should be resolved. In Anchorage, we accepted the US proposal. If we regard it “as men,” it means that they proposed it and we agreed, so the problem must be resolved. …

So far, the reality is quite the opposite: new sanctions are imposed, a ‘war’ against tankers in the open sea is being waged in violation of the UN Convention on the Law of the Sea. They are trying to ban India and our other partners from buying cheap, affordable Russian energy resources (Europe has long been banned) and are forcing them to buy US LNG at exorbitant prices. This means that the Americans have set themselves the task of achieving economic domination.

Furthermore, while they ostensibly made a proposal regarding Ukraine and we were ready to accept it (now they are not), we do not see any bright future in the economic sphere either. The Americans want to take control of all the routes for providing the world’s leading countries and all continents with energy resources. On the European continent, they are eyeing the Nord Streams, which were blown up three years ago, the Ukrainian gas transportation system and the TurkStream.

This illustrates that the US objective – to dominate the world economy – is being realised using a fairly large number of coercive measures that are incompatible with fair competition. Tariffs, sanctions, direct prohibitions, forbidding some from engaging with others – we have to take all of this into account.

everyone and their grandma knew this would be an attack vector in the great power confrontation
yet for the life of me, i keep searching for their contingency plan to handle this

the putin and xi show needs new material

-Lord

@ you all who so much want China to be your number one world super power

Why don't you all get a visa and migrate to Russia, North Korea, or China? But no, it has to be America or other Western countries, the same places you and other Nigerians, who say you want China (a country with human right abuses and no freedom of speech) to replace America as the world power would prefer to migrate to and live in.
Have you seen residents in Russia ,China and North criticize their government publicly and live to tell the story.

Isn't that hypocrisy?

LordAdam16:
last year pakistan installed more solar capacity than all of africa combined
one of the root causes of pakistan's perpetual economic malaise is cost of energy

china's oVeRcApAcItY is solving another pain point that unlocks exponential economic growth

-Lord

@ you all who so much want China to be your number one world super power

Why don't you all get a visa and migrate to Russia, North Korea, or China? But no, it has to be America or other Western countries, the same places you and other Nigerians, who say you want China (a country with human right abuses and no freedom of speech) to replace America as the world power would prefer to migrate to and live in.
Have you seen residents in Russia ,China and North criticize their government publicly and live to tell the story.

natedroid:
@ you all who so much want China to be your number one world super power

Why don't you all get a visa and migrate to Russia, North Korea, or China? But no, it has to be America or other Western countries, the same places you and other Nigerians, who say you want China (a country with human right abuses and no freedom of speech) to replace America as the world power would prefer to migrate to and live in.
Have you seen residents in Russia ,China and North criticize their government publicly and live to tell the story.

If, by now, with all the recent geopolitical events happening worldwide, you haven't questioned some of the moves/decisions made by the US-led West, then it is unfortunate. I say this as someone who supported the removal of Muammar Gaddafi, and his removal has changed the Sahel forever.

I think I stated it: but it is not everyone who wishes to live outside his/her dominant land. Some people just prefer theirs come rain, come shine. The talk about human right abuses and no freedom of speech is largely hilarious, judging from recent geopolitical events.

LordAdam16:
no comment this year

with everything going on
😕

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For me, I will say recent events have been moving very fast; faster than one can analyse. Today, this one and before tomorrow, that one.

@gerr.ard59, what are you thoughts about takaichi's blowout victory?
i consider it to be an activation of sorts for the kinetic phase of triggering a pacific war

Well, the LDP was expected to win or kpata kpata merge with the runner-up. Other than 2009/2010, the LDP has been at the helms of affairs since the beginning of this century.

As for the war, well well well, I expect one especially after the US election. There will be a massive confrontation aimed at ensuring Russia loses and China gets confronted head-on. The seriousness and alacrity the US has displayed in ratcheting up rare earth supplies/refining says a lot. They are preparing for the inevitable. It has taken 4 years so far in the Russian-Ukraine crises.

whether china is ready or not
the stage is being set

Hopefully, it is ready because the US I see today is gearing up and blocking moves and creating gridlocks here and there.

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@panso.phist
read this from lavrov

everyone and their grandma knew this would be an attack vector in the great power confrontation
yet for the life of me, i keep searching for their contingency plan to handle this

the putin and xi show needs new material

Sounds like Songs of Lamentations to me. But yes, it shows how far the US is going to strangle Russia. So India does not buy cheap crude from its friend due to bullying from the US. Na so the US go threaten other nations from engaging in business with China. How that would be implemented remains to be seen, because China's influence around the world goes far beyond oil sales. Also, Chinese citizens are everywhere to circumvent any rule/policy that could affect China.

Gerrard59:
For me, I will say recent events have been moving very fast; faster than one can analyse. Today, this one and before tomorrow, that one.

Well, the LDP was expected to win or kpata kpata merge with the runner-up. Other than 2009/2010, the LDP has been at the helms of affairs since the beginning of this century.

As for the war, well well well, I expect one especially after the US election. There will be a massive confrontation aimed at ensuring Russia loses and China gets confronted head-on. The seriousness and alacrity the US has displayed in ratcheting up rare earth supplies/refining says a lot. They are preparing for the inevitable. It has taken 4 years so far in the Russian-Ukraine crises.

Hopefully, it is ready because the US I see today is gearing up and blocking moves and creating gridlocks here and there.

Sounds like Songs of Lamentations to me. But yes, it shows how far the US is going to strangle Russia. So India does not buy cheap crude from its friend due to bullying from the US. Na so the US go threaten other nations from engaging in business with China. How that would be implemented remains to be seen, because China's influence around the world goes far beyond oil sales. Also, Chinese citizens are everywhere to circumvent any rule/policy that could affect China.

🤣😂😀

na better songs of lamentations

that soundtrack about the hegemony being mean and not playing fair has gotten stale
we all know the hegemony is horrible
for the love of all things sacred, they just livestreamed a two-year genocide

did they not have any plans besides attending brics+ meetings and yelling de dollarization and multipolarity?

how can lavrov be complaining with a straight face that they agreed to the us proposal in anchorage and the us ignored the agreement and continued to be hostile?
is he for real?
did he not watch the us/isreal murder persian negotiators during negotiations
how many f*cking times must the hegemony prove they're not agreement-capable before they wake up

this is amateur hour

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on china, the hegemony does not need to stop everything
they are being surgical

they'll start with oil
then certain critical minerals

the truly annoying part is that we all can see what they're doing and their plans
it's not exactly secret
but lots of things you expect china/russia to do to counter them is simply not forthcoming

hope and rhetoric are not strategies

-Lord

LordAdam16:
🤣😂😀

na better songs of lamentations

that soundtrack about the hegemony being mean and not playing fair has gotten stale
we all know the hegemony is horrible
for the love of all things sacred, they just livestreamed a two-year genocide

did they not have any plans besides attending brics+ meetings and yelling de dollarization and multipolarity?

how can lavrov be complaining with a straight face that they agreed to the us proposal in anchorage and the us ignored the agreement and continued to be hostile?
is he for real?
did he not watch the us/isreal murder persian negotiators during negotiations
how many f*cking times must the hegemony prove they're not agreement-capable before they wake up

At least here, the Chinese have displayed some grit and defiance when the US went against some agreements. It is why I say I don't know the kind of "juju" or hypnosis the US-led West has put on the faces of Russians and to an extent the Chinese during these negotiations. The history is there - these people don't respect agreements, but only force and equal retaliation. So, why play gentleman with them?

on china, the hegemony does not need to stop everything
they are being surgical

they'll start with oil
then certain critical minerals

the truly annoying part is that we all can see what they're doing and their plans
it's not exactly secret
but lots of things you expect china/russia to do to counter them is simply not forthcoming

hope and rhetoric are not strategies

Just as Iran to Russia, Russia to the Chinese. So it is left for the Chinese to get their acts ready. If the US can bully India, a long-time friend of Russia, not to buy its oil, the US can do the same to Malaysia and Singapore to scuttle or stifle Chinese investments. The snag here would be how ethnic Chinese citizens of both countries react to being told by the White man not to trade with their big brother.

But no Ukraine dey fight Russia so?

Gerrard59:
At least here, the Chinese have displayed some grit and defiance when the US went against some agreements. It is why I say I don't know the kind of "juju" or hypnosis the US-led West has put on the faces of Russians and to an extent the Chinese during these negotiations. The history is there - these people don't respect agreements, but only force and equal retaliation. So, why play gentleman with them?


Just as Iran to Russia, Russia to the Chinese. So it is left for the Chinese to get their acts ready. If the US can bully India, a long-time friend of Russia, not to buy its oil, the US can do the same to Malaysia and Singapore to scuttle or stifle Chinese investments. The snag here would be how ethnic Chinese citizens of both countries react to being told by the White man not to trade with their big brother.

But no Ukraine dey fight Russia so?

to the bold
money and power make people do strange things

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the russians and chinese are still operating under the archaic notion that the hegemony is a rabid wild animal
and it is ultimately better to let them fall under their weight rather than be ultra aggressive at least on the kinetic front
so called managed decline

the trouble for them is that the hegemony sees what they're doing
and are using this as a handicap against the axis
if y'all for whatever reason are unwilling to take us on then we will be ultra aggressive to defend our perch

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it is not that complicated
but that is why we are here
where the chinese can not deploy their blue water navy and merchant ships to break the cuba/venezuela blockade

they keep dropping meaningless supportive statements
but will be loathe to deploy a squadron to iran for air defense duties in the coming war

this is sh*t that the soviets/1-3 generation communist china did without much thought
but this current set are trying to play chicken with a polar bear

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all the arguments are becoming moot
russia will not fight a conventional war with europe/nato so why is it feeding that notion
china does not need to wait until it has achieved parity with the hegemony in every military area
they're already powerful enough to throw their weight around and it's not like they need to defend entire continents, just their interests in a few core countries and it'll send a clear message to the rest of the planet

it's like xi and putin did not have schoolyard bullies growing up
they think by just exposing the bullies as unfair, everyone will avoid them
but no, everyone will try to play nice with them and do what they're told, even when they're seething on the inside
this will only change when someone knocks a few teeth out of the bully's mouth
there is not going to be an epiphany before that

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to their credit, it isn't exactly that they've not done anything
or they're doing nothing

it is that they're not aggressive enough
there is a large delta between what they should be doing and they're doing
that's feeding the hegemony's confidence to keep pushing the envelop

there is dead certainty within washington
that they can collapse cuba, take out iran, and putin's russia and china under xi will do nothing
even xi's message that he would not let russia lose the war is now read with disbelief
if russia wasn't winning the war primarily due to its own capacity, xi would have done nothing but issue statements

the two countries where there is an ironclad security umbrella
belarus and north korea
look how differently they are treated
belarus is being courted
north korea is being left alone
both have nukes by the way

like there is a very clear distinction between the perils of acquiescence and the benefits of standing your ground
but they keep choosing acquiescence

-Lord

Gerrard59:
At least here, the Chinese have displayed some grit and defiance when the US went against some agreements. It is why I say I don't know the kind of "juju" or hypnosis the US-led West has put on the faces of Russians and to an extent the Chinese during these negotiations. The history is there - these people don't respect agreements, but only force and equal retaliation. So, why play gentleman with them?


Just as Iran to Russia, Russia to the Chinese. So it is left for the Chinese to get their acts ready. If the US can bully India, a long-time friend of Russia, not to buy its oil, the US can do the same to Malaysia and Singapore to scuttle or stifle Chinese investments. The snag here would be how ethnic Chinese citizens of both countries react to being told by the White man not to trade with their big brother.

But no Ukraine dey fight Russia so?

lmaooo
you know we had this conversation last year....

As Uncle Sam gets more and more desperate, it becomes more and more dangerous

I told you guys bout Venezuela, now it has happened

Now the madman has closed Cuba like a lock up shop, and nobody is talking

Supreme Court in Panama have ruled the chinese concessions illegal (that is Uncle Sam fingerprints all ovet)

Not to even talk of the Japanese mad woman winning a decisive mandate last week

China will do well to use their brain, if not, they will collect

Well sha
let's keep watching the movie

The way im reading whats going on...

It seems like we are slowly moving back to the days of "Laws of the Jungle"

Delusional Africans that have been running their mouths bout how "rules based order" is rubbish, now that great powers are rearming to the teeth and acting brazen, let's see what the fate of Africa will be

A people that cannot even organise themselves, when the colonialists come back with their gun ships, what are we gonna say ?

It is then they will relish the old days of "rules based order" that they are "unintelligently" bashing right now