USA & JAPAN OUT! China $700 Million Take over The 600 million Tons iron Ore Project in Africa

#china #chinanews #japan #usa #africa There is a country called “Cameroon“ in central and western Africa, which is rich in oil, natural gas and ore resources. Among them, iron ore reserves are about 3.4 billion tons, ranking among the top ten in the world. However, despite abundant resources, Cameroon’s economic development is relatively lagging behind. Taking 2020 as an example, the country’s total GDP is only US$ billion, and its per capita GDP is US$1,495, which makes it still classified as a developing country. For a long time, the United States and Japan have been important partners of Cameroon, providing it with a lot of assistance. Over the past decade, Japan and the United States have provided over $500 million in aid to Cameroon. Recently, however, Cameroon made an unexpected decision, not only rejecting the aid provided by Japan, but also canceling an infrastructure plan worth $889 million provided by the United States. What surprised the United States and Japan even more is that in order to obtain an investment of 700 million US dollars provided by China, Cameroon decided to hand over a large-scale iron ore mining right with a reserve of about 600 million tons to China. So, why would “Cameroon“ give up cooperation with the United States and Japan and choose to cooperate with China instead? What are the political factors behind it? ------------------------------------------------------------------