For those who are following the violent oppression of Hong Kong’s protesters, we are seeing the emergence of a China free from international sanctions and condemnation.
While American debt to China is a common topic, eight countries (Djibouti, Tajikistan, Kyrgyzstan, Laos, Maldives, Mongolia, Pakistan, and Montenegro) are on the brink of becoming Chinese colonies by financial default. Based on current Chinese polices at home and abroad, the future of these countries is bleak.
According to the Kiel Institute for the World Economy, a think tank based in Germany, the amount of money other countries owed China soared more than ten-fold between 2000 and 2017, from under $500 billion to over $5 trillion.
Analyzing Chinese investments around the world is reminiscent of the maps mobile phone vendors use to pridefully visualize their coverage – just more terrifying. With America’s desire to maintain foreign exportation of manufactured items and increased spending habits, our colonial past is likely to be revisited.