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Lonestarblue

(9,880 posts)
5. Also, China has been making inroads with other countries through investments.
Mon May 24, 2021, 10:30 AM
May 2021

Their loans carry a big risk, especially to developing nations. If they fail to repay the loans, China takes possession of the collateral. Yet, in the absence of help from the US, especially under Trump, countries that need aid have turned to China.

Another big difference between China and Russians China’s investment in their own industries of the future. Russia has invested very little in its own industries because it is an oligarchy with the money going to Putin and his buddies. China has invested heavily in manufacturing the chips that run everything depending on smart technology. They have invested in high-speed trains and are now investing in green technology. The US should be asking Israel, for example, why it bypassed its US ally, which gives it billions of dollars of aid every year, to work with China on developing a rapid recharging battery for electric cars. Perhaps there was no one here to be such a partner, but we cannot afford to ignore the influence that China has been gaining with the rest of the world.

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