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| Afghanistan |
| Despite expectations, China not rushing to cash in on post-U.S. economic collapse in Afghanistan |
| 2021-12-05 |
| [Just The News] With Afghanistan's economy reeling in the aftermath of the abrupt U.S. withdrawal from the country in August, the ruling Taliban hopes — and Western democracies fear — that China will come to the regime's economic rescue. Such hopes and fears may prove slow to materialize, however, thanks to Beijing's ingrained economic pragmatism coupled with its apprehensions about Afghanistan-based jihadist support for the Uyghurs, China's oppressed Muslim minority. The Afghan economy is collapsing. For decades, the country has been largely dependent on foreign aid, most of which has been halted since the Taliban seized control in August. The Taliban's U.S. bank accounts have been frozen. Inflation is soaring, as is unemployment. Many workers who have jobs have not received their salary for months. The U.N. Development Programme (UNDP) expects 97% of the population to fall below the poverty line next year. Historically, the country has been plagued by drought, corruption, and under-utilization of human capital. Other issues, such as brain drain and capital flight have intensified since the fall of Kabul in August. Widespread sanctions have further complicated the country's economic stability. |
| Posted by:Besoeker |
| #7 The Afghan economy is collapsing. Buy on the dip, man! |
| Posted by: Raj 2021-12-05 21:32 |
| #6 Cash in? Anyone who thinks Afghanistan is a gold mine has been consuming too much of the country's major export. The place is a wasteland, a status it gained ever since Vasco da Gama rounded the Cape of Good Hope, thereby making the brigand-infested land trading route between Europe and the Orient obsolete. |
| Posted by: Zhang Fei 2021-12-05 20:04 |
| #5 China plays the long game, our rulers have been too stupid to understand this in favor of taking cash. An old China tactic. |
| Posted by: 746 2021-12-05 13:41 |
| #4 Why hurry, a little press manipulation and Central Committee focus and a guilty American public will rush to provide food/economic aid because of the sad pictures and stories on the news. Poof, much of the problem solved and you further impoverish the main enemy. |
| Posted by: NoMoreBS 2021-12-05 12:13 |
| #3 Internally CCP is having some real $$$ and social issues. But the CCP control over all media is so effective that the world still does not know even the true C-19/21 numbers. |
| Posted by: NN2N1 2021-12-05 10:23 |
| #2 You're gonna hafta beg... |
| Posted by: ed in texas 2021-12-05 10:12 |
| #1 Diabolical, yes. Stupid, no. |
| Posted by: Besoeker 2021-12-05 04:43 |