2012-02-01

African unrest could cost China billions of dollars

In Liu Junluo: if Italy or Spain default, Chinese stock market will drop 40%, an important portion of Mr. Liu's comments was the following:
In early 2010, I suggested that the policeman of the world, USA, was preparing to exit, and all over the world, in every region, would be large scale unrest. Along with the "Arab Spring" approaching epilogue, Chinese investment in the Arab region sinks into disaster, and we'll soon see China's African investments similarly fall into catastrophe. The losses will be $500 billion or $800 billion, only God knows.
Already in 2012, Chinese workers were taken hostage in Sudan. Then, today, Egyptian Bedouins kidnapped more than 20 Chinese workers in Egypt.

Egyptians hold Chinese workers
The confirmation from the embassy came after sources from a Bedouin tribe in Sinai said tribesmen had kidnapped 25 mostly Chinese cement factory workers who were travelling to a concrete plant.

The workers were held in a tent near a road that the Bedouin had blocked for three days to press their demand that authorities free fellow Bedouin from prison, the tribal sources said.

No comments:

Post a Comment