Why America, African nations and others are indebted to China – T. B. Joshua reveals

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Prophet T.B. Joshua of the Synagogue Church of All Nations has advised America to concentrate on what China is doing to grow its economy.

The cleric said America’s concentration is on big things while China concentrates on things developing nations need such as manufacturing and agriculture.

According to the man of God, 70-80% of the world are developing nations.

He said: “What they need to grow, to live and to improve is what China is concentrating on. I think America should learn this lesson. This is what they should turn to.”

Prophet Joshua said developing nations are patronising China and the Asian country makes money through such patronage.

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He said: “That is making them the richest in the world. It is trade by barter. It has made developing nations to see China as their hope. For example, a product in America may cost 500 and last long, because it is durable. The same product in China may cost 100 but not last long.”

He said America and many other nations are indebted to China because developing countries will choose China’s product over America’s.

The cleric said: “However, developing nations will still choose China’s products because such products are within their reach. That makes many nations to become debtors to China – even America.”