A recent Boston University study published in July 2021 found that Japanese, Korean and Western financiers bankroll 87 % of overseas coal power plants globally, contrary to the misconception that most new funding comes from public financing entities in China.
Eighty seven percent of overseas coal power financed by G7 and other advanced economies
BY M. K. BHADRAKUMAR | INDIAN PUNCHLINE | JANUARY 5, 2022
Chinese foreign ministers have traditionally marked the new year by visiting the African continent. Wang Yi’s 2022 African tour begins with Eritrea against the backdrop of the US strategy in the Horn of Africa to gain control of the strategically vital Red Sea that connects Indian Ocean with the Suez Canal.
Neocolonialism haunts Horn of Africa
Imagine living in the world’s richest country but finding yourself in worse conditions than your “backyard”. Third world countries you’ve always considered underdeveloped, where historically poor, uneducated, cheap, undocumented workers and many refugees come from, are starting to look like a good place to return for a better life. A better life than the US can offer.
That is the real threat to US national security. The day citizens of the United States start to realise the truth that the current generation of Chinese citizens already have, and the next generation of Latin Americans, will have more opportunities and better prospects than they themselves do. It is the fear of this truth USA’s ruling elite would like to avoid because, at that moment in time, the people of the US will demand more of them, their country and their leadership.
Neither Washington Nor Beijing?
Regardless of what one thinks of Socialism with Chinese Characteristics, anyone on the left must support China against US-led imperialist attacks and the New Cold War. The prominent Belgian Trotskyist economist Ernest Mandel was by no means a supporter of Soviet socialism, but he insisted firmly that the Soviet Union must be defended against imperialism. Arguing against Tony Cliff’s slogan of Neither Washington nor Moscow, he wrote: “Why, if it is conceivable to defend the SPD [German Social Democratic Party] against fascism, despite its being led by the Noskes, the assassins of Karl Liebknecht and Rosa Luxemburg, is it ‘inconceivable’ to defend the USSR against imperialism?”111
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Ms. Cat’s Chronicles 
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