Rebirth 1984: Starting from the development of Hanka

Chapter 341 RMB Internationalization
Galaxy Mining Group has already opened many mines in Africa, and coupled with a series of investment plans after the "China-Africa Investment Summit", the problem of China's iron ore imports will soon achieve immediate results.

The development of African mines is relatively difficult. The most common problems are how to transport equipment into the mine and how to transport the minerals out. Therefore, the development level of African mines has generally been relatively low.If it weren't for these reasons, Europe and the United States would have taken action long ago.

Based on China's desire for minerals, by the end of December 2004, China had sent 12 construction workers and a large amount of engineering equipment to Africa for infrastructure construction.

Africans have probably never seen construction efficiency like that of the Chinese construction team.

It is no big deal to lay ten kilometers of railway in one day.

Building a naturally dangerous iron bridge in a few weeks is a piece of cake!
When the local people in Africa saw this, they were all stunned!

How can this be?

Are the Chinese immortals?
Don't they even sleep at night and are still working?
Africans were in disbelief.

With their shallow understanding, they simply cannot imagine what earth-shattering energy the hard-working and skilled Chinese workers will unleash with the help of advanced machinery and equipment.

Building bridges when encountering water and paving roads over mountains, China's infrastructure troops can face any difficulties.

It didn’t take long for China’s reputation as an “infrastructure maniac” to reverberate throughout Africa! ! !

At the same time, it also surprised Western countries.

I thought to myself, if China’s infrastructure capabilities are so great, wouldn’t China’s influence in Africa exceed ours?

The West is in a hurry!

到了2005年，西方试图扩大在非洲的影响，于是在2005年1月21号下午5点钟左右，宣布了几项计划，比如300亿美元援助、为粮食援助拨款20亿美元、通过国际货币基金组织向中低收入国家贷款至多200亿美元等等……

……

Shanghai, China.

Borderless Building.

Zhao Ye looked at the news in the newspaper with a look full of disdain. The purpose of the White Vulture Country was obviously not to let China continue to increase its influence in Africa.

Zhao Ye thought for a moment, then turned on his computer and sent a few emails.

A week later, the well-known foreign policy think tank "Africa Institute for Global Dialogue" released a report, which stated:
“The core demand of the White Vulture Country in its diplomatic strategy towards Africa is to allow African countries to choose sides on issues such as great power competition. The White Vulture Country’s policy toward Africa still fundamentally serves the United States’ own interests.

The White Vulture Nation’s strategy on the African continent is characterized by highly politicized relations.

The White Vulture Nation often only talks nice, but there is a huge gap between what it actually does..."

At the same time, many economists, researchers, and politicians in Africa have also come forward to expose the hypocrisy and ugly face of the White Vulture Country.

"Damn, I thought the White Vulture Country was showing kindness, but it turns out it was just lip service. The real purpose is actually to get us on board the White Vulture Country's pirate ship, and finally obey the White Vulture Country's advice!"

"The White Vulture Country cannot be trusted! Whoever believes in it will be in trouble!"

"Like arsonists, setting fires all over the world!"

"We must not get too close to the White Vulture Country, otherwise we will be the next country to set fire to our homes!!!!"

"..."

Insightful people in Africa have come forward one after another to express their attitudes and call on their compatriots to recognize the true face of the White Vulture Country.

This makes the White Vulture Country very embarrassed.In fact, it has seriously affected the African strategy of the White Vulture Country. For example, the trade volume between Africa and the White Vulture Country has decreased.

On the contrary, the trade between China and Africa is growing, and the current trade volume is already five times that of the United States and Africa.

This is no longer the same level.

Products "Made in China" can be seen everywhere in Africa, and there are countless Chinese companies in many African cities.

The favorability of Africans towards China is not comparable to that of White Vulture Chinese.

Chinese people are humble, while White Vulture people are arrogant and rude.

Chinese people are hospitable, while White Vulture people are greedy and stingy.

The White Vulture Nation attempted to exert its influence in Africa, but the results were unsatisfactory.

……

"The RMB is becoming more and more international. African locals like to collect RMB very much, and some countries have even begun to support and use the RMB!"

"Many African countries are already considering using RMB for settlement, thereby directly bypassing the US dollar and conducting trade with China!"

"China-Africa trade is deepening day by day, and China has become Africa's largest trading country, far surpassing Western countries. The importance of the RMB is self-evident!"

“Zimbawebu announced that he would borrow a large amount of RMB from our country to stabilize the national currency!”

“Tanzania announces that the RMB has become the country’s most important foreign currency!”

"..."

Zhou Anpinghui, CEO of Galaxy Financial Group, reported, “We at Galaxy Financial Group took advantage of the China-Africa Investment Summit to aggressively enter the African financial market. We have now successfully established a foothold in many African countries. To a certain extent, we have greatly promoted the internationalization of the RMB. !”

Galaxy Bank and Standard Chartered Bank under the Galaxy Financial Group have a large amount of RMB funds. If the RMB can be internationalized and circulated in Africa, this will greatly help enhance the influence of the Galaxy Financial Group 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 RMB in Africa is very smooth. We must continue to exert influence and make RMB become the main foreign exchange reserve of African countries!"

Today, China's economic scale is getting larger and larger, and it has gradually distanced itself from the White Vulture Country.

If it weren't for the huge influence of the US dollar, the White Vulture Country would never be living a better life now!

Today's white vulture country has low product competitiveness and too much unemployment, so it can only rely on money printing or the Federal Reserve raising interest rates to "collect wool from the world" to survive.

The next stage of technological development has already been planned by Zhao Ye, and the White Vulture Country will only fall further and further behind China.

Disrupting the hegemony of the US dollar and establishing an international settlement mechanism for RMB have become the focus of China's current development efforts.

At present, it seems that only the RMB can break the hegemony of the US dollar.

Investment and trade are undoubtedly the two most important weapons for China's RMB internationalization.

Africa is very poor, but it is rich in mineral resources. China does not want US dollars, but only mineral resources. Whether it is China's investment or trade in Africa, it is essentially exchanging China's RMB and commodities for African mineral resources. There is no middle ground. The existence of the US dollar is not required, so this is extremely beneficial to promoting the internationalization of the RMB in Africa.

(End of this chapter)