China announced to cancel 23 debts of 17 African countries, effectively refuting the Western hype about the “China debt trap”. This move attracted the attention of Western media, who accused China of being a “double standard” behavior. You are right, we are too “double-standard”.
China is an important trading partner in Africa, and foreign media said: “It is also a major lender to Africa. Over the past 20 years, China’s investment and lending in Africa has continued to expand, and more and more voices are accusing Beijing of implementing debt in Africa. Trap diplomacy.” A few days ago, US Secretary of State Blinken highly promoted the “China Debt Trap Theory” during his visit to Africa. While the Foreign Ministry fully refuted, Foreign Minister Wang Yi announced the debt forgiveness news last Thursday, and it was too late to slap Blinken in the face , Western media have already “attacked the child’s shield with the spear of the child,” citing complaints from mainland netizens.
The Chinese economy is currently under downward pressure, and the employment prospects of fresh graduates are bleak. China’s GDP grew by only 0.4% in the second quarter of this year. It is generally believed that the government’s economic growth target of 5.5% this year will not be achieved. In this case, on Sina Weibo, some people complained: “The domestic economy is like this, and they are still subsidizing foreign countries.” Can I forgive my loan”, “Why not forgive the domestic people themselves, and double standards for the outside world and the inside?” Some people also analyzed that debt forgiveness is a smooth human relationship, and it is “exchange of interests in exchange for international support.”
Regarding the endless attacks from the United States and the West, it seems that China should seriously consider exporting the revolution. It is not enough to tell the Chinese story well. Voice. To be honest, China was in the stage of keeping a low profile and keeping a low profile, not to mention that in the process of reform and opening up, China is also crossing the river by feeling the stones and telling Chinese stories. If you throw out the Chinese model – the Western powers have not yet suffered the new crown In the case of the outbreak of the epidemic, the excessive issuance of US dollars by the United States and the sanctions on Russian energy, which have caused high inflation in the world – there is no convincing at all, but the world has changed in 2020.
First of all, we have not only created a reformed system of mixed market capitalism and socialism, but gradually and effectively solved the century-old problems of the West, such as the disparity between the rich and the poor, the disorderly expansion of capital and monopoly, and formed the Chinese model. Despite the hard decoupling of blocking and restricting the exchange of scientific and technological talents, China’s digital performance still ranks first in the world. Policies such as independent research and development to open up economic space and expand internal circulation to promote international circulation have begun to bear fruit. This is a grand story. The foundation has been called “Chinaism”. If Chineseism is exported, in the US and the West, China is an “institutional competitor”.
They will not accept our proposition, but for developing countries, China is their partner, and China’s set is worth learning from.
In a recent study published by the Mercator Center for Chinese Studies (Merics) in Germany, authors from Bangladesh, Chile, Indonesia, Kazakhstan, Kenya, Nigeria, Saudi Arabia, and Turkey elaborated on the relationship with China. Eight countries, all signatories to the Belt and Road Initiative, have come to accept China as a partner in security cooperation, while seeing less reliance on the United States as a good thing.
To put it simply: 1. Sinism is the best counterattack tool against Western sanctions. China’s story is “escalating” at times, so don’t be polite; 2. China must recognize that the West has no reliable partner anymore, and China must adhere to the path of Sinism , from the economy to science and technology to culture to strengthen construction.
Last but not least, the US is actually a victim of the “China debt trap”. You can see how serious the situation is when we hold US$1 trillion in US debt. Furthermore, China only treats African friends preferentially and does not consider the United States, which is a “double standard”! China will not exempt the United States from repaying its debts, nor will it increase its holdings of U.S. debt. Friend, am I right?