Africa's many entrepreneurs stand to benefit most from China's excesses. (Photo: Newslex Media). |
Africa’s transport sector will be the main beneficiary of America’s aim to replace the paper oil-dollar with a digital carbon-dollar under the “zero emissions” drive. (Read more on this big lie here.)
This drive has led to Western governments diverting taxes to subsidise anything that claims not to emit smoke and is also behind China’s excess stock of dirt-cheap solar panels and electric vehicles.
Thanks to China’s subsidy-based economy, there are a lot of these excess vehicles. Shanghai-based consultancy, Automobility, estimates China’s excess capacity to be between five and 10 million vehicles per year.