This post was edited by dostoevskydr at 2017-11-17 16:33|
H.E's Post # 13 in Thread 1889377
"Look at what's now happening in Zimbabwe thanks to China's "chequebook (so-called) diplomacy".
"Why is this happening now?
The latest crisis kicked off last week when President Robert Mugabe fired powerful Vice President Emmerson Mnangagwa, a veteran of the 1970s guerilla war who was widely seen as his successor.Mnangagwa's firing was seen as a move to clear the way for Mugabe's increasingly influential wife Grace to become his succesor.
Grace Mugabe's rise has brought her into conflict with the independence-era war veterans, who enjoyed privileged status in Zimbabwe until the last two years when they spearheaded criticism of Mugabe's handling of the economy.
In the last year, a chronic absence of dollars has led to long queues outside banks and an economic and financial collapse that many fear will rival the meltdown of 2007-2008, when inflation topped out at 500 billion percent.
Imported goods are running out and economists say that, by some measures, inflation is now at 50 percent a month.
War veterans, who fought alongside Mugabe during the 1970s liberation struggle and spearheaded the repossession of white-owned commercial farms in the 2000s, claim Mugabe has betrayed the revolution."What China has to do with it ?