BRICS, Russia, China and the Reinvention of Capitalism!
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THE BITTA TRUTH … BRICS, Russia, China and the Reinvention of Capitalism!
By Norris McDonald, Jamaica Gleaner columnist
SULFABITTAS NEWSMAGAZINE
China has pledged US$50 billion to help African countries develop their economies. This is one outcome of the 9th China-Africa Forum recently held in Beijing.
This money will be spent on poverty eradication programmes and methods of creating increased food security through rapid agricultural development. Among other areas will be investment in medical and health programmes to eradicate communicable disease.
Other steps to be taken include the development of a green economy, among other things.
These are bold steps that will further contribute to Africa’s modernisation and industrial development. It follows a long pattern of China’s investment in Africa that have seen the construction of over 10,000 kilometres of railways, vast road networks, digital fibre optical networks and hundreds of bridges and ports.
NEW DEVELOPMENT MODEL
This is a new development model that China and Russia are pursuing in the bilateral and multilateral relations with Africa.
Russia also recently concluded an economic summit with Africa. Major projects they are pursuing to help Africa is in nuclear power plants in some countries, strategic mineral production, satellite communication, technology, health education and scientific cooperation.
[…. AND THERE IS RAHTID MORE … CONTINUE READING]
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