Where does China get the funds they use to develop all those expressways, dams, electric trains and major infrastructure projects they construct.? Even now they are lending billions of dollars to other countries to develop roads and other infrastructure under the Belt and Road Initiative. Why is it that almost 90% of all the infrastracture; roads, railways, dams, sewerage, ports and whatever are financed by loans in Kenya. What are we doing wrong hapa? where do these guys get to money for self sufficiency and at the same time loan them? Mbona Kenya is broke that we cannot even finance at least 70% of our own development?
All your questions will be answered here:
Embassy of the People’s Republic of China
Woodlands Rd, Nairobi City
020 2726851
https://maps.app.goo.gl/Qn7vqfkJjPgY5Pwd6
Our money is for paying salaries. Wemen rep MCA’s mpigs sitting allowance ,perdiem commuters allowance acting allowance etc.
Trade deficits. Chinese wanaleta mpaka cement and steel to build the SGR, which we can produce here. Mpaka Fish yenye imejaa lake victoria wanaleta. So their industries develop and their population is well employed to pay Taxes to finance their Exchequer.
Sisi hapa tunaexport Avocado Canter Moja.
I’d say Loans. China is heavily debted to the US, at more than $1 trillion. With such amounts it’s very easy to lend bonobo countries, pursuant to their Debt-trap diplomacy. This ensures these loans are “investments” hence reducing risk. e.g. China’s ‘tied aid’ for infrastructure usually benefits Chinese companies, while its loans are in many cases backed by natural resources. Through this method China achieves the twin goals of economic penetration and strategic leverage.
China has no thieves stealing their taxpayers money. It’s that simple
Hi mambo ya kusifu chinkus day and night muwache. Around 20million of them are still living in poverty. You find them hustling for jobs with locals in Africa and dying in containers trying to reach the west to work kichini chini.
In a population of 1.4 BILLION!! Thats less than 2% of their population. Hapa Kenya we are speaking of 37%. 1 in 3 Kenyans lives on one meal a day.
Si kuwasifu, but the chinese have their shit together.
Where is kusifu Chinese here? When we question why all our projects are foreign financed by around 90% of loans yet other countries like China wamedevelop bila loans and are loaning to us, ni kuwasifu or question about us?
The number of the poor is actually higher than that. Credit to them though, they have managed to achieve a lot in the last 3 decades.
Its actually lower than that 20 Million quoted. It was 16.6M in 2018. They are planning to eradicate poverty completely by 2020, something Bonobos will never achieve in their lifetimes.
Cheki hii story wikipedia ndio ujue the chinese are way way ahead
https://en.wikipedia.org/wiki/Poverty_in_China#:~:text=As at the end of,totally eradicating poverty by 2020.
It’s the other way round.
[ATTACH=full]324523[/ATTACH]
Money is created from nothing my Friend but you have to be well connected to do this.
Mulipe deni upess waongeze solar panels pale henan province. See this? Na vile turukana jua inawaka hadi usiku[ATTACH=full]324557[/ATTACH]
Average 1st world citizens savings per income is about 10-15%. Chinese are very frugal people. Their average savings rate is 40-45%. The question becomes, where do they invest their money. The Chinese stock exchange is very corrupt and nobody trusts it. So they put their money in real estate and infrastructure which they are assured rising values due to Speculation and not pure demand and supply.
Canada na Australia has many Chinese homeowners. I think middle class and wealthy Chinese do all they can to get citizenship in Western countries
Manufacturing, savings, investments, and stealing/selling trade secrets. The only thing they can’t manufacture are jet engines, computer chips, and human beings.