Skip to main content

Syria’s economy under Assad in shambles, China finds potentials amid despair

 

Bashar-al-Assad is leader of Syria for another sever year term. The country though may be slowly experiencing winding down of decade long Civil War, the splinters of pain and violence remain deep embedded. But Assad, as he took oath of office on Saturday, has ceremoniously declared himself as the only savior of Syrians and who can rebuild Syria. The claim was backed by his first foreign guest, China’s foreign minister Wang Yi. Mr. Yi laid out a marker during oath ceremony that they can get job started for Assad in Syria.

 

China’s modus operandi of grabbing opportunities:

 

China jumping into grabbing Syria’s economic turmoil as its safe haven of opportunities comes straight out of its classic playbook. The very similar fashion it did elsewhere in Middle East, as well as Africa and Asia.

 

Syria’s allies Russia and Iran have been by side of Assad regime with end target of reconstructing the country, with their own interests in mind. The line up has now been joined by China. Beijing has maintained a rather neutral stand amid fighting but now the opportunities have brought the player in picture.

 

With US departing abruptly from north eastern Syria some 18 months ago under Donald Trump presidency, China didn’t waste any chance to jump on the opportunity. According to a former British diplomat, “They know a vacuum when they see one. Especially if it involves capitalizing on US mistakes.”

 


But experts believe that it’s a big mistake investing in Syria. Syria remains in shambles as its north-east part has great stakes for Russia, while Turkey has its influence on north-western part. The regime has little to none control on the country’s resources and has been repeatedly seeking Iraq’s assistance. “China ought to take a look around,” said a Middle Eastern diplomat. “They are thinking this is a belt and road extension. But that’s an illusion. Syria is a poor investment for them.”

 

The country’s economy remains in great shambles due to extensive sanctions imposed on it even though war is winding down in most of the region. The global standing of Syria has been lambasted by the decade long war and chances of any breakthrough seem dim as country’s leader Bashar-al-Assad has a rather questionable past over his efforts of uplifting the nation.  

 

Osama Kadi, an exiled Syrian economist said that Syria’s economy is in its worst shape. “Syrians today are facing real famine. The proportion of Syrians living under the poverty line in the areas of the Syrian regime under the Russian area of influence has reached more than 90%, and the Syrian average monthly salary ranges between $15 and $40. Even the salary of a minister does not exceed $40 a month.”

Labels:

Comments

Post a Comment

Popular posts from this blog

1 Saudi Move & Impact On West Asian Geopolitics

  As one of the most influential players in the Middle East, Saudi Arabia's actions have far-reaching consequences for West Asian geopolitics. In recent years, we've seen several moves from this powerful nation that are shaking up traditional power dynamics and creating new alliances. From its diplomatic spat with Qatar to its growing relationship with Israel, Saudi Arabia is making bold moves that could change the face of West Asia as we know it. Join us as we dive into the geopolitical implications of Saudi Arabia's latest actions and explore what they mean for the future of this critical region. Saudi Arabia has long been a dominant force in the Middle East, wielding its oil wealth and religious influence to shape regional politics. Its alliance with the United States has given it even greater sway on the global stage, making it a key player in shaping West Asian geopolitics. However, Saudi Arabia's role in the region is not without controversy. Its support for conse...
Post a Comment
Read more

Israeli settlers have once again attacked religious minorities in the region, this time targeting a church in East Jerusalem.

  According to reports, the settlers assaulted clerics and worshippers at the Church of the Sepulchre of Saint Charbel, causing damage to the property and injuring several people. This kind of behavior is not only unacceptable but also undermines efforts to promote peace and stability in the region. Attacks on religious minorities are a direct attack on religious freedom and must be condemned by all. The Israeli authorities must take swift action to bring the perpetrators to justice and hold them accountable for their actions. It is also important to ensure the safety and protection of religious minorities and their places of worship, as guaranteed by international law. this incident is a sad reminder of the ongoing conflict in the region and the need for a comprehensive and just solution. It is up to all of us to work together to promote understanding, tolerance, and respect for different beliefs and cultures, and to build a brighter and more peaceful future for all.
Post a Comment
Read more

Fights break out as Kurds protest the French government's denial of a terrorist attack

  Following the murder of three Kurds in what is being considered to be a probable racist incident , there have been widespread protests in Paris. The fact that the authorities did not view the attack at a Kurdish centre as a terrorist act has enraged the Kurdish diaspora in Paris. A 69-year-old man opened fire on a crowd of individuals early on Friday morning at the Ahmet-Kaya centre on Rue d'Enghien in the 10th arrondissement. One of the three victims is badly injured. All of the dead were Kurdish community members who passed away both inside and outside the cultural centre. Agit Polat, a spokesman for the Kurdish centre, charged that French officials "yet again failed to safeguard us... This is a terrorist attack in our eyes, according to the AFP news agency. In the afternoon, a number of protestors, largely from the Kurdish diaspora, got into a fight with the police outside the centre and in the streets close by, throwing rocks and torching trash cans. Police use...
Post a Comment
Read more