China gives to local businesses to invest abroad

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Lord Tennison 9 years ago

China owes a debt of gratitude to the capitalist and democratic western world,especially,the USA for buying the cheap and ephemeral imports which are collapsing local industries in the vulnerable third world countries.
In th ...
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China owes a debt of gratitude to the capitalist and democratic western world,especially,the USA for buying the cheap and ephemeral imports which are collapsing local industries in the vulnerable third world countries.
In the shadow of the $4 trillion foreign exchange reserves are uncountable extinct local manufacturers, high unemployment and poverty which are directly or indirectly attributable to the importation of cheap Chinese goods.
Lt.General Lizard 9 years ago

The GDP of China reported to be $50Trillion in 2012 and projected to be 60Trillion in 2016 are wrong.It should read $5Trillion and projected to be 6Trillion.Even the USA which the article reported to be the number one economy ...
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The GDP of China reported to be $50Trillion in 2012 and projected to be 60Trillion in 2016 are wrong.It should read $5Trillion and projected to be 6Trillion.Even the USA which the article reported to be the number one economy in the world is at $18Trillion!
Justin Pwavra Teriwajah 9 years ago

I wonder whether you are an African. Why don't you concern yourself with what lessons Africans can learn from the rise of China? Lord Tennison, if you are an African, then I think you should leave that aspect about China's gr ...
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I wonder whether you are an African. Why don't you concern yourself with what lessons Africans can learn from the rise of China? Lord Tennison, if you are an African, then I think you should leave that aspect about China's gratitude to the West for the westerners to worry about unless you are a westerner using this African platform to do your propaganda against China.

What I know is that western countries have always set high standards for imports and if your imports do not meet their standards, then they do not allow them into their countries. Lord Tennison, check your facts before you continue doing your propaganda, ok?
Justin Pwavra Teriwajah 9 years ago

I like that part of the above story which says that "Thirty years ago, China was like Africa". The big question is this: how come China has made these great leaps forward whilst the whole of Africa has remained backward since ...
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I like that part of the above story which says that "Thirty years ago, China was like Africa". The big question is this: how come China has made these great leaps forward whilst the whole of Africa has remained backward since the various African countries attained political independence in the 1960s. My answer is that Africa has lacked patriotic, visionary and passionate leaders like Mao Tse-Tung and his team of lieutenants and successors to take the tough decisions that will take Africa to the next level in its quest to take its rightful place as a global player.

Kwame Nkrumah was one such leader in Africa but he lacked the kind of lieutenants and successors Mao Tse-Tung was blessed with and hence Ghana has slid into the abyss that it has found itself in today. Yet we still have Ghanaians who ignorantly continue to blame Kwame Nkrumah for Ghana's predicament. To date, China is still a one-party state and it is this one party political arrangement that has delivered the goods for China faster than any western-styled democratic arrangement could have done for the so-called democratic African countries. I therefore believe Nkrumah knew where he was going when he got Ghana to opt for the one-party state model.
Lt.General Lizard 9 years ago

Justin,it is not the one party state that has delivered for China but a change in strategy that allowed foreign companies to come in with requisite capital formation and knowhow that is what has helped China.For instance if G ...
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Justin,it is not the one party state that has delivered for China but a change in strategy that allowed foreign companies to come in with requisite capital formation and knowhow that is what has helped China.For instance if Ghana allowed General Motors,Ford and Toyota to operate in Ghana,the the production of these auto companies in Ghana will count towards the GDP of Ghana.
Justin Pwavra Teriwajah 9 years ago

Lt. General Lizard, you don't get my drift at all. What I mean is that the one-party state has been used by China to create the enabling environment for China's economic rise. I don't believe a western-styled democracy along ...
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Lt. General Lizard, you don't get my drift at all. What I mean is that the one-party state has been used by China to create the enabling environment for China's economic rise. I don't believe a western-styled democracy along the same lines as ours could have delivered the goods for China like what their one-party state has done for them. One thing is certain: a one party state allows for the building of easy and ready consensus as to what the national interest is and to pursue it without unnecessary bickering and negative foreign influences like we have when foreigners can even use our politicians to pursue their agenda against our national interest.

In the end, there is no denying the fact that leadership is cause and everything else is effect. No foreign company will go and invest in China if the Chinese leaders did not create the enabling environment for that to happen so please don't look at only the effect and forget about the cause (i.e. the leadership) that produces that effect.
Kwaame 9 years ago

All these are just noise, we as a nation should have a strategy and a roadmap where our progress is checked along that continuum. Our leaders(?), and planners have nothing on the table and always come up with stop-gap, ad hoc ...
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All these are just noise, we as a nation should have a strategy and a roadmap where our progress is checked along that continuum. Our leaders(?), and planners have nothing on the table and always come up with stop-gap, ad hoc solutions that do not last a pregnancy. Quality leadership not one-party... what did JJ do? He just enriched himself and sold state companies to an entity his wife controlled.
Kojo Azemeti 9 years ago

If the Rawlings regime is your idea of a one-party state, then it is clear that you don't even understand what you are talking about. His was a malevolent military dictatorship and not a benevolent dictatorship under a one-pa ...
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If the Rawlings regime is your idea of a one-party state, then it is clear that you don't even understand what you are talking about. His was a malevolent military dictatorship and not a benevolent dictatorship under a one-party state.

Come to think of it, how long did Ghana try the one-party idea? Nkrumah was overthrown soon after this idea was given birth to by the Ghanaian people so it will be wrong to suggest that the one-party idea is unworkable in Ghana.

For many years, Britain was a benevolent dictatorship under the crown and that benevolent dictatorship galvanized the energies of the British people to concquer one-third of the whole world under their feet as an empire? The idea may be unpopular to many Ghanaians because we have been brainwashed against benevolent dictatorship under a one-party state but the truth is that it works and it can be used to anchor economic development before we proceed to political and social freedoms.
MENSAH. 9 years ago

The woman has struck a very important cord here:
There has since been a trade imbalance with the DEVELOPED COUNTRIES,ON HIGH TECH,which the the WEST WON'T SELL TO THEM.
The Chinese wants to dump their inferior products to t ...
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The woman has struck a very important cord here:
There has since been a trade imbalance with the DEVELOPED COUNTRIES,ON HIGH TECH,which the the WEST WON'T SELL TO THEM.
The Chinese wants to dump their inferior products to the WEST,IN EXCHANGE FOR THEIR HIGH TECH.
Smart move,THE DEVELOPED COUNTRIES.
Why does the Chinese need that,and why is the developed nation refusing to grant it to them?

Africans have to learn this simple knowledge derived from this trade imbalance,between the WEST & CHINA.

We also have to know what we need the most,in trading with any country,being China or the WEST.
Africa could have gone low profile first,in their production units,to win some percentage in the Chinese global market,by lowering our product prices,with better quality than the Chinese,since we have the cheapest labour force,in the world.
Africa should restrict the Chinese,on what they can do on our continent,just like the WESTERN BLOC has restricted them on their HIGH TECH.
Example:
THEY COULD BE ALLOWED TO MANUFACTURE PRODUCTS IN AFRICA,BUT NOT BUY RAW MATERIALS FOR CHINA.
Our leaders should use their brains to avoid too much exploitation from the Chinese and the WESTERN WORLD.
MENSAH. 9 years ago

First,the Chinese got to know where they are good at,then they capitalized on it and thirdly,invested all they have on that.

What was the results:HUGE RETURNS.

What do we have at our disposal,that others need?
Where ca ...
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First,the Chinese got to know where they are good at,then they capitalized on it and thirdly,invested all they have on that.

What was the results:HUGE RETURNS.

What do we have at our disposal,that others need?
Where can Ghana/Africa do best?
We have to discern that first and try with all our might to make sure,we have the dominance in that sphere.
COCOA PRODUCTION & PROCESSING,COULD BE IT.
I believe COCOA alone can employ the whole nation,if our leaders are very smart to invest all in all in it.
Now we have OIL,whose revenue,could have been used to invest hugely in COCOA PRODUCTION AND PROCESSING,and make sure we capitalize on that industry.
IF WE MEAN BUSINESS,THIS COULD BE ACHIEVED,WITH TIME.
The nationalist 9 years ago

THE MARKET FOR THIER CHEAP INFERIOR GOODS BEING AFRICA. LETS EDUCATE OUR SELVES, YES WE LACK BEHIND BUT WE HAVE A LOT TO OFFER, SO LETS BAGAIN VERY WELL IN THSES TRADE AGREEMENTS.

THE MARKET FOR THIER CHEAP INFERIOR GOODS BEING AFRICA. LETS EDUCATE OUR SELVES, YES WE LACK BEHIND BUT WE HAVE A LOT TO OFFER, SO LETS BAGAIN VERY WELL IN THSES TRADE AGREEMENTS.
no mercy 9 years ago

Hallo China go home

Hallo China go home

China gives to local businesses to invest abroad

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