Galaxy Mining Group already operates many mines in Africa, and with a series of investment plans following the "China-Africa Investment Summit," the issue of China's iron ore imports will soon see immediate results.
Developing mines in Africa is quite challenging, primarily due to the difficulties of transporting equipment into the mines and then out of them. Consequently, the development level of African mines has historically been relatively low. If it weren't for these reasons, Europe and America would have already entered the market.
Driven by China's desire for mineral resources, by the end of December 2004, China had sent 100,000 construction workers and a large amount of engineering equipment to Africa for infrastructure construction.
Africans have probably never seen construction efficiency like that of Chinese construction teams.
Laying ten kilometers of railway in a day is no big deal.
Building a treacherous iron bridge in a matter of weeks is a piece of cake!
The locals in Africa were all dumbfounded when they saw this!
How is that possible?
Are Chinese people gods?
Do they not sleep at night and work instead?
Africans couldn't believe it.
With their limited understanding, they simply cannot imagine the earth-shattering energy that hardworking and skilled Chinese workers can unleash with the help of advanced machinery and equipment.
When encountering water, they build bridges; when encountering mountains, they open roads. No matter the difficulties, China's infrastructure construction troops are able to rise to the challenge.
Before long, China's reputation as an "infrastructure powerhouse" resounded throughout the entire African continent!
This also surprised Western countries.
I thought to myself, with China's infrastructure capabilities being so impressive, wouldn't China's influence in Africa surpass ours?
The West is getting anxious!
In 2005, the West attempted to expand its influence in Africa, and on January 21, 2005, at around 5 p.m., it announced several plans, such as $30 billion in aid, $2 billion in food aid, and up to $20 billion in loans to low- and middle-income countries through the International Monetary Fund, etc.
...
Shanghai, China.
Wujiang Building.
Zhao Ye looked at the news in the newspaper with disdain. It was obvious that the purpose of the white bald eagle was to prevent China from continuing to increase its influence in Africa.
Zhao Ye pondered for a moment, then turned on his computer and sent out several emails.
A week later, the renowned foreign policy think tank, the Africa Global Dialogue Institute, released a report that stated:
"The core demand of the White Eagle's diplomatic strategy toward Africa is to make African countries choose sides on issues such as great power competition. The White Eagle's policy toward Africa still fundamentally serves the interests of the United States itself."
The White Eagle's strategy on the African continent is characterized by highly politicized relationships.
The White Bald Eagle Kingdom often talks a good game, but there's a huge gap between what they say and what they actually do…
At the same time, many economists, researchers, and politicians in Africa have also stood up to expose the hypocrisy and ugly face of the White Eagle Kingdom.
"Damn, I thought the White Bald Eagle Kingdom had suddenly become kind-hearted, but it turns out they were just saying that. Their real purpose is to get us on the White Bald Eagle Kingdom's pirate ship and eventually make us obey their every word!"
"The White Bald Eagle Kingdom is not to be trusted! Anyone who believes it will be doomed!"
"Like an arsonist, setting fires all over the world!"
"We must never get too close to the White Eagle Nation, or we'll be the next country to face internal strife!!!"
"..."
People of insight in Africa have stepped forward to express their views and call on their compatriots to see the true face of the white bald eagle country.
This puts the White Bald Eagle Kingdom in a very awkward position.
In fact, it has seriously affected the African strategy of the White Eagle Kingdom. For example, the trade volume between Africa and the White Eagle Kingdom has decreased.
On the contrary, trade between China and Africa is growing, and the current trade volume is five times that of trade between the United States and Africa.
This is on a completely different level.
"Made in China" products can be seen everywhere in Africa, and Chinese companies are numerous in many African cities.
Africans' positive feelings toward China are incomparable to those of the Chinese.
Chinese people are humble, while people from the White Bald Eagles are arrogant and rude.
Chinese people are hospitable, while the people of the White Bald Eagle Kingdom are greedy and stingy.
The White Eagle Kingdom attempted to exert its influence in Africa, but the results were unsatisfactory.
...
"The RMB is becoming increasingly internationalized, and locals in Africa really enjoy collecting it. Some countries have even begun to support and use the RMB!"
"Many African countries are already considering using the RMB for settlement, thereby bypassing the US dollar and trading directly with China!"
"With increasingly close trade ties between China and Africa, China has become Africa's largest trading partner, far surpassing Western countries. The importance of the RMB is self-evident!"
"Zimbab has announced it will borrow a large amount of yuan from our country to stabilize its currency!"
Tanzania announces that the renminbi has become its most important foreign exchange reserve!
"..."
Galaxy Financial Group CEO Zhou Anping reported, "Taking advantage of the China-Africa Investment Summit, Galaxy Financial Group has made a major foray into the African financial market and has already successfully established itself in several African countries, which has greatly promoted the internationalization of the RMB to a certain extent!"
Galaxy Financial Group's Galaxy Bank and Standard Chartered Bank hold substantial RMB funds. If the RMB can be internationalized and circulated in Africa, it will greatly enhance Galaxy Financial Group's influence in Africa.
Therefore, Galaxy Financial Group has spared no effort in promoting the internationalization of the RMB.
Zhao Ye smiled and said, "Very good. The internationalization of the RMB in Africa is progressing very smoothly. We must continue to exert our influence and make the RMB a major foreign exchange reserve for African countries!"
Today, China's economy is growing larger and larger, and it is gradually widening the gap with the United States.
If it weren't for the immense influence of the US dollar, the White Eagle would be living a very difficult life right now!
The current bald eagle country has poor product competitiveness and too much unemployment, so it can only rely on printing money or the Federal Reserve raising interest rates to "fleece the world" to make a living.
The next stage of technological development has already been planned by Zhao Ye, and the White Bald Eagle Country will only fall further and further behind China.
Dismantling the dollar's hegemony and establishing an international settlement mechanism for the RMB have become the focus of China's current development efforts.
Currently, it seems that only the RMB can break the dollar's hegemony.
Investment and trade are undoubtedly the two most important weapons for the internationalization of the Chinese yuan.
Africa is extremely poor, yet it possesses abundant mineral resources. China doesn't want the US dollar; it only wants mineral resources. Whether it's Chinese investment or trade in Africa, it essentially involves exchanging Chinese RMB and goods for African mineral resources, without the need for the US dollar. Therefore, this is extremely beneficial for promoting the internationalization of the RMB in Africa.
(End of this chapter)
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