Just like in Iraq and Afghanistan, China to reap the economic benefits in Syria after the U.S. pays the costs of war
While President Donald Trump is attempting to diverge from the policies of war and pillaging that have proliferated Washington for several decades since the end of the Cold War, America’s biggest economic adversary continues to quietly fill in the vacuum’s left behind following U.S. intervention. ¬†And with the conflict in Syria looking very much like it is coming to an end with the defeat of ISIS, China is already preparing to bring its financial might into the space to help rebuild the war torn region, and bring another economy into their growing sphere.
A delegation of Chinese enterprises is expected to visit Syria in mid-August to explore investment opportunities that might help rebuild the war-torn country, Qin Yong, the deputy chairman of China-Arab Exchange Association, told Sputnik Monday.
According to¬†Qin, the Chinese delegation is expected to¬†visit Syrian cities including Damascus, Homs and Aleppo and meet with¬†local officials to¬†discuss investment opportunities on¬†a wide range of¬†reconstruction projects.
“We expect a group of¬†30-50 representatives from¬†different Chinese companies to¬†travel with¬†us to¬†Syria on¬†August 15-22,” Qin said.
The China-Arab Exchange Association, jointly with¬†the Syrian Embassy in¬†China, held the first Syria reconstruction projects fair in¬†Beijing on¬†Sunday. Syria‚Äôs Ambassador to¬†China Imad Moustapha delivered a keynote speech at¬†the event to¬†introduce possible investment opportunities for¬†Chinese enterprises interested in¬†taking part in¬†reconstruction projects in¬†Syria.
The key projects under¬†discussion right now are primarily focused on¬†restoration of¬†the power supply systems in¬†Syria, especially power plants construction projects, Qin explained. ‚Äď¬†Sputnik News
It is quite a dichotomy to see China take over the U.S.’s former role as the world’s leader in providing economic recovery, which had its roots going back to the Marshall Plan following the end of the World War II. ¬†But as we know now, all that changed in 1973 when the U.S. chose to adopt a foreign policy that was economically belligerent rather than economically beneficial when it became necessary to impose the petrodollar on the global monetary system and use the power of its military to enforce it.
Today the only real things that the U.S. has remaining to export to the world are inflation, weapons, and regime change. ¬†And this decline in trade options has allowed China to step in to offer the world an alternative by which they can get out from under dollar hegemony, and discover ways to prosper through self-reliance and economic growth.
Kenneth Schortgen Jr¬†is¬†a writer for¬†The Daily Economist,¬†Secretsofthefed.com,¬†Roguemoney.net, and¬†Viral Liberty, and hosts¬†the popular¬†youtube podcast¬†on Mondays, Wednesdays and Fridays.¬†Ken can also¬†be heard Wednesday afternoons giving an weekly economic report on the¬†Angel Clark radio show.