October 13, 2019

Israel Should Reconsider China's Friendship

“The new capital that Egyptian President Abdel-Fattah al-Sissi is building near Cairo is already known as the white elephant that devours billions of dollars and doesn’t promise a return. It has received two elaborate housewarming ceremonies – one marking the construction of Cairo’s largest church, the other the dedication of the largest mosque – but the construction of housing for hundreds of thousands of Egyptians is proceeding sluggishly.

Some of the money for housing is being provided by Saudi Arabia and the United Arab Emirates, but the big money is coming from another source. China has committed to invest some $20 billion in the new capital and has provided a $3 billion loan for building the city’s financial district.

What does China want in Egypt? Or in Saudi Arabia? Or in Iran or Pakistan? This month, CNN reported that the Saudis plan to develop a missile program with the help of Chinese technology.”

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