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On the heels of Forbes’ meeting with the World Bank comes news that China has surpassed the World Bank in lending to the developing world. The Financial Times estimates that over the past two years, China has made an estimated $110 billion worth of loans to Africa, South America and the Middle East. With China taking center stage in the U.S. political arena, could it also be taking over the globalization agenda?
The development goals of China stand in stark contrast to those of the World Bank...
“The key difference between World Bank loans and China’s loans is that Chinese investments are not being made from an economic perspective, but from a strategic and national security one. China has national security motives in gaining access to natural resources and in gaining political support.”
Originally posted by soficrow
Off the top, I'd say the competition is a good thing.
Originally posted by soficrow
...My own headline would have been different:
Is China Challenging the Corporate NWO?
Different gang, same objective -- to exploit for their personal gain.
With all due respect the title of the thread is somewhat misleading in regard to the article and I suppose the topic of the thread.
I may have jumped the gun and made an off-topic post,
but still if america and europe cared enough to protect their local economies, china would not have been allowed to become what it is today.
They loan money because their economy is in full blast and they can afford to loan money!