China has injected £685 billion ($913 billion) into 42 Commonwealth countries since 2005, figures compiled by the American Enterprise Institute, a Washington DC-based think tank, have revealed.
The figures showed that over the past sixteen years, China has pumped nearly £500 million ($667 million) into roads, homes, sewers, and a hotel in Barbados, a Commonwealth member set to become the world’s newest republic next week.
In neighboring Jamaica, Beijing has invested about £2.6 billion ($3.4 billion) versus a gross domestic product of £16.4 billion ($21.8 billion), making the Caribbean island nation the biggest recipient of Chinese money in the region.
The report comes as UK Foreign Secretary Liz Truss announced plans on Wednesday to replace the Commonwealth Development Corporation with British International Investment.
She voiced hope that the new body would provide up to £8 billion in investments per year in Commonwealth countries by 2025, up from the current £1.5 billion ($2 billion), by encouraging the private sector and western allies to put money into member states.
With many welcoming the plans, critics say they wonder why it has taken so long for London to initiate the move on British International Investment.
Baroness Helena Kennedy, a prominent human rights barrister, for her part, asserted that what China is doing is a way of making friends and it impacts on votes in the UN.
The money they are investing does start to penetrate our areas of influence. One wants to strengthen the Commonwealth, not find it undermined”, she underscored.
Sputnik / ABC Flash Point News 2021.
What’s the PLAN Stan? The English had a Century to INVEST in The Commonwealth, however, when the Easy Pickings ran out, digging a ditch, you’ll never get rich, the going got touch.
The Banksters were reluctant to get their hands dirty Long Term. The Chinese go into the Jungle of Angola to retrieve Diamonds, whereas the Europeans sit in 5 star hotels in Luanda awaiting a Conflict Diamond Merchant/Smuggler who has no Kimberley Certificate.
Hypocrisy as the Diplomacy?
Sunflower You are absolutely correct . Just about every country sitting on their hands allowing Communist China carry out thier systematic planned take over of the WHOLE world as they are paying off the very Greedy Politicians CASH just like ALL the BIDENS and BIDEN the village idiot and treasonous Puppet of Obama’s who is George Soros’s Puppet along with so many just in America that stupid democrats voted in ,there are so many all over the world commiting treason to thier countries especially in America where I’m from