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The Global China Bubble
Is China Overreaching In Africa?
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  • GS

    Let the chinese hiccup over that. If one could saddle them with every basket case on the planet, they would collapse speedily.

  • JR

    I personally think that the key to Nigeria’s crisis is lack of confiscatory taxation above a certain level. If only they had some more high-end taxes, they would not find themselves in this predicament. Take it away, FG….

  • Kevin

    The Chinese need to be clear whether they are buying political influence or making economic investments. Confusing or conflating which they are doing is likely to lead to difficult circumstances. (The Chinese seem to have been weak at figuring this out – in a rising commodity market they thought they could do both.)

    Either way Nigeria seems like a bad bet, short of a massive commitment of the PLA they won’t end the endemic corruption and inefficiency there, and the progressive disintigration of the Nigerian state will reduce the amount of oil flowing as “investments” leak away into offshore accounts.

    • Jim__L

      “The Chinese need to be clear whether they are buying political influence or making economic investments. ”

      Were the British ever really quite clear on that, as they were building their empire?

      • f1b0nacc1

        No, which is why they don’t have it anymore

        • Jim__L

          The French and Dutch tried to make theirs pay, and they don’t have them anymore either. And between Leopold and the gendarmie, their experiences were pretty brutal compared to the British.

          • f1b0nacc1

            Trying to make them pay and making them pay are two different things. The French were astonishingly inept, the Dutch marginally less so.
            I should point out that the British Empire paid very well, just not for Britain, though it did for some well-connected Britons….

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