Why china's real estate developers are going bankrupt?Chinese people who booked and paying mortgage havent got the flat to move in.They are chased out by police when ask for their money in the bank deposit is there any proper answer
I'm happy that Africa is increasingly assertive. In the past, before the rise of China, Africa knew who was their colonizer, but after WW2, Africa had to trade with the West anyway because there was NO other option or alternative. I won't say Africa must abandon the West, but their choices are more now.
@@shanmugasundaramrajeswaran8737 Chinese were using real estate for investment purposes, there were too much speculations which resulted in a crash of the market.
It is a super idea. This project benefit all countries not just China. Other countries can use this network to trade among them. Be opened mind and see the results. Don't be against it. This project makes our world better.
This is why Singapore has been able to develop and progress, always looking on the bright side and seizing every opportunity for the benefit of the people.
What about money laundering and arms sales? They are opportunities too, you know. Singapore with its second rate citizens will do well just as did Nic Leeson and his hedge deals. Sorry for the demise of the oldest bank in the world, Barings Bank. It might even helped the second rate Singaporeans citizens to pivot their noses up the ang moh's arses to China.
Green and also digital sphere is where Singapore can contribute and also participate in the BRI and its good that China has also pivoted to Green initiative for its BRI drive and infrastructure.
@@RudyTruly Well first Xi isnt too please with LHL cuz of his last speech which was too US and probably hurt Xi's feelings. LHL isnt like his father sad.... sometimes he cant see the wood from the trees.... Anyways if China invited LHL he will turn up otherwise it will be considered great insult to China and Xi.
It good to see the debt trap misconception is slowly fading away with many Singapore analyst sees its beneficial to Singapore companies. Actually like how the Chinese people love going into debt purchasing lots of property around the world, we see their govt invest massively in property in BRI. As a chinese, i think most of us see this as good debt which have long term financial gains instead of a debt trap
If there is really a debt trap, then IMF, World Bank, and all large international banks are major advocators. Debt trap is just a Western media slogan to mislead, to discredit and to tarnish the BRI projects.
@Broskisnowski oh yes, remember how the recent claustrophobic subprime crisis in the US caused by greedy Wall Street bankers nearly destroyed the country and who came to their rescue?
With Singapore as a solid financial hub of this region, thus collaboration will gradually establish in many aspects with trusts & avoid political influence.
To me, Singapore is not directly connected nor benefitting directly from the bri. Unsure till now why we are in this since no high speed trains linking our island to China. Beside the rmb exchange opportunity which still needs to compete with hk, london & black markets in the region, the rest of the opportunities for Singapore are more arbitrary in nature. E.g. the "Green" opportunity comes in only much later when criticisms emerged around 2016 or 2018(?). This obviously happened by chance rather than foresights. Perhaps Singapore Government can present the total cost it has invested and the direct revenue it has reaped so far in the past 10 years since the bri inception. The other ventures can happen as long as those few entrepreneurs mentioned can afford to take risk, venture / participate even without connect to the bri. Thus most of the reasons presented in this video seem a little forceful for me that bri appears very beneficial for Singapore. It is in the same light as trying to justify the humongous losses Singapore had suffered at Suzhou decades ago which many might have subtlely forgotten.
Your comment makes me nauseated! Keep the communist or dictatorship off of western hemisphere. Communist does not work, it has been proven since 1918.........
Singapore needs more land. BRI can help increase land reclamation for even larger port and airport expansions. For one thing, Singapore needs a lot of sand to do that, so why not get the sand from China as part of BRI investments. Pretty sure any real estate created in Singapore will be prime real estate.
Maybe the desert sand can serve this purpose? Though China is developing her arid land for farming. Maybe the African countries as well the nations in Caucasus could learn a lesson from this; including Russia which also has plenty of arid land.
@@PahatRout Unforunately, the sand needed is a specific type that is actually rare in the context of millions of tons for land reclamation. Singapore is using another method now to reclaim land that uses less sand, so we shall see how it goes.
@@wangxian5767 I don't think so. The typical way for land reclamation uses a specific type of sand. Probably has something to do with its physical properties and desert sand is not the right kind. That's why they have been dredging the sand from riverbeds probably because it is the right kind of sand. But I think Singapore is now using another method for land reclamation that requires less sand to do so.
Singapore has and always been and will be part of the Crossroads of Asia. Its the pinnacle point of the Malayas and therefore it will always be crucial to WORLD GLOBAL COMMERCE AND TRADE. Like the 60s and 70s POST PARTITION OF SINGAPORE , with A Secular and Pro Commercial govt- Skys The Limit For Singapore. PROUD AND FIERCE ASIAN TIGER 🐯🐅🐅💯💯💯
Singapore has the opportunity to compliment China's BRI and China in general, nothing is to be gained economically by being anti-BRI. Unfortunately CNA is an unnecessary hindrance to Singapore politically, its productions are too anti-China to be neutral. China may be cordial but is unlikely to trust Singapore.
If your PM wasn't even invited to the BRI forum which was attended by 130 heads of state including all the rest of Asean' s heads , what does that signify? Why not make a video on this explain this? Understand he wasn't invited to the BRI 1st Forum , too. Why?
@@lolololol2468 This year, just three European leaders made the trip: Hungarian Prime Minister Viktor Orban, Russian President Vladimir Putin, and Serbian President Aleksandar Vucic. Belarus, Czechia, Greece, Italy, and Switzerland all had sent top leaders to both the 2017 and 2019 summits, but skipped this year’s edition.
@@lolololol2468 I suggest you go check the official info from China before embarrassing your family. BRI reaches deep into the west to Spain, France etc. Maps cost maybe RMB 2. Go buy one and educate yourself. You stated BRI is for the global South, so you mean Turkey can be ignored too?
Singapore has done a great gambling by betting on US by sending their future Prime Minister to visit US yet sent a very junior Minister to attend the Belt n Road gathering in China.
The BRI is truly the road to the future for mankind so l think we should understand it’s significance and support it. But sadly an insecure US is hell bent on undermining it. BRI shows up the glaring difference between the Chinese practical and magnanimous attitude and the ruthless self importance of the US. The BRI build roads and bridges to peace and prosperity, while the US build military bases to war and destruction.
It looks like Singapore has created a niche market for her industries to expand to! In spite of her small population, she has certainly moved way ahead of other ASEAN members in this sector. Would Singapore venture to Africa or South America in line with China's BRI objectives?
Will Singapore really want to work with China on Belt & Road or would it actually prefer to be in the good books of America as its obedient vassal state?
Behind closed doors the US has threatened Singapore. The US can easily overthrow the PAP regime by funding rebellion under excuse of so called human rights and lack of democracy. Can you explain why Singapore has boycotted Huawei 5G network
Here in the Philippines, Chinese state-affiliated construction companies started dredging over our Manila bay in 2021, with the hopes of creating an even more massive version of “Forest City” via paving over our beloved Bay. Thankfully, this work has now been suspended by the Philippine president.
@@dashong8912 i didn't mean to imply it was, nor the paving-over of Manila Bay. Moreso we have alas come to be extremely guarded when "da ge" comes over and offers us stuff...
Therefore, the Philippines has become one of the slowest-growing large economies in ASEAN countries. A narrow worldview creates a backward society. Vietnam has the same sovereignty conflicts as China, but the Vietnamese are much more flexible and intelligent than the Philippines. (Please bear with my harsh words, I just want to highlight the reality of Vietnam, which is developing rapidly, and the Philippines, which is still lagging.)
BRI should have some sort of central 'registrar' that can help navigate it better. From general info, the different BRI projects, finance matters, legal, ecosystem etc. Do they have that?
Not sure if this video is intentionally trying to promote BRI or has other motives. This video starts off very upbeat and positive. Even the background music has a very positive vibe. The visuals and audio is definitely trying to sway viewers.
You described western propaganda perfectly 😆 See how the B$$B$$C reports that people in Israel were “killed” but those in Gaza just “died”? This kind of word play might seem innocent but it actually has a very powerful, subliminal effect on many readers.
But of Course BRI is not perfect , there is always risk in doing business. 😁 Maybe this video can be view as advertisement for the project, that's what all business doing. Compare to Western media accuse others "debt trap" which they are doing themselves. 12-7-2022 Britain-based charity Debt Justice: 35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders. Debt Justice, formerly Jubilee Debt Campaign, exists to build collective power to end debt that exploits people and the planet. Debt Justice is a part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet. We are a UK based charity founded in 1996.
@@charmainewongsm The problem lies beyond the western media as people say. There is no western media IF you do your proper digs into the various global media. Singapore's economy IS MAPPED into China for sure. The way of they self-destruct will land on this island. Nothing last forever. Go and live and work or do business deep into China and you will understand a lot better. The "right" people will open your eyes bigger than ever to understand the reality. Being part of the BRI is NOT a choice by the way!
China is the future for the world. China is busy in development and progress, whilst the USA and Europe are bent on wars and destruction. My absolute respect for China 🇨🇳 from Australia.
China the ambitious, sustainable, reinforced and flexible country of the world. Awesome country of the world. Nice and robust country of the world. Tiger and lion of the world.
Singapore is not invited to be a beneficiary of BRI simple because Singapore is a developed economy and the primary mission of BRInis to help less developed countries. So Singapore must work smart, be the catalyst & lubricant of this big engine built by China. Singapore can build itself as a “Trade Hub”, Logistic Hub, Financial Hub and IT Hub and tap on the BRI.
But of Course BRI is not perfect , there is always risk in doing business. 😁 Maybe this video can be view as advertisement for the project, that's what all business doing. Compare to Western media accuse others "debt trap" which they are doing themselves.
12-7-2022 Britain-based charity Debt Justice: 35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders. Debt Justice, formerly Jubilee Debt Campaign, exists to build collective power to end debt that exploits people and the planet. Debt Justice is a part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet. We are a UK based charity founded in 1996.
I’ve made a video about the comparison between Chinese and English and many videos teaching Chinese in graphic and funny ways. Discussions, criticisms, and corrections are welcome. I want to contribute to better communication between people from different cultural backgrounds.
The BRI may benefit SG and the other rich countries, but it becomes the debt trap for the poorer countries. Good luck for SG that it doesn't have to give up land to pay its debt.
I guess you are western country bot.What you guys can say is blame us,what is it for the world except making trouble.@@JohannMarshall-pu2dw Trouble maker.
Singapore is short of land. In a joint venture with China, they should build an Island touching or half a mile away from Singapore. Island for tourism, sports, business. Lots of trees and a small airport. 🐬🍇🍹👫🎸🌟❤️
What about Singapore's investments in Tianjin city?is it safe?many viral videos of property crash and banking crisis in China? InJB forest city project is abandoned in Malaysia?
build bridges that connect Indonesia (Batam, Bintan) with Singapore and Malaysia and go straight to Mainland through Thailand, Vietnam. honestly that is so DOABLE.
No opportunity for Singapore or any country that is aligned with US. Thailand and China will restart the KRA canal project, part to BRI sea passage, to avoid any interference by US based in Singapore and Philippines
Oh that has been going on for like who knows how many donkey years. With the current climate, ground breaking wouldn't start even after human extinction. Remember BRI now = "Small and Beautiful". It means no big projects going forward.
The only reason why KRA canal is never going to be built is because that line is going to separate the northern Buddhist region from the southern Muslim insurgents fraction. If not that line would have been cut last decade and wouldn’t have delayed till now and no sight of any plans. A country’s sovereignty is more important than economic benefits at any time.
You cannot discuss carbon emission without stating an important fact that the historical emission of carbon is mostly done by the collective western imperial core countries. Because if you don't, then you are excusing the environmental crimes of the western imperial core countries and putting all the environmental burdens on the developing countries. Americans get to heat and cool 2000 sq feet house 24/7, drive big SUVs and jet around the country for Thanksgiving while Africans, Asians and South Americans have to scrunge up a living and barely emitting any carbon because they are so under-developed many don't even have access to steady energy. A completely lop-sided view point and only serves western corpo-state media propaganda.
They are building infrastructure not missiles, I think it will be good in the long run, even though short term some ppl say say some countries will be in debt to China, but if the BRI can make the country richer in 10 or 20 years time, they maybe able to repay the loan quickly.
China's bridges and buildings are collapsing left and right in under five years....at this point, if you're stupid enough to sleep with the CCP, I feel no pity for you...
Singapore companies must be wary of Chinese investment in their companies. Also I hope the SG govt would scrutinise CCP's owned companies bidding construction contracts in SG.
Indians have 'One Modi, One Hindutva road', powered with more pledges (usually sometime in the far future), hubris and almost nil participants and support.
'One Modi, One Hindutva road' ?? ... Lets wait and see. India can't even cleaned their own dirty streets and built modern infrastructures, and eliminate slums in the big cities. And yet they wanna to built endless highway roads into Europe ? ... Indians should ask themselves Not to wear a Big Hats, when they have a smaller Heads, including poverty & low illiteracy rates ranked among the highest in the world. Meanwhile, India Rupees are failing in value against all major currencies ... Will India going into bankruptcy, when their Partners are in too indebted to pay-up ?
Like many participants of the Belt and Road Forum, Sri Lankan 🇱🇰 PM Wickremesinghe was Beijing, asking the Chinese regime for *restructuring debts. Other participants are coming to complain about delay, cost overrun or cancelation of their projects.
12-7-2022 Britain-based charity Debt Justice: 35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders.
Debt Justice, formerly Jubilee Debt Campaign, exists to build collective power to end debt that exploits people and the planet. Debt Justice is a part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet. We are a UK based charity founded in 1996.
After Sri Lanka fell behind on payments for its troubled Hambantota port project in 2017, China obtained a 99-year lease on the property as part of a deal to renegotiate the debt.
😂 The director of pan-africanism today Akende Membe said this if you look at the Western and the imperialist countries they come with their own interests. The vice president of the U$ came to Zambia landed at a chinese-built airport in Zambia moved on a chinese-built road in Zambia. It's it's ironic that Kamala Harris will travel to Zambia and tell zambians stop trusting the Chinese and having a relationship with them when everything that she has used in Zambia the Chinese basically helped build.
With so much spare trade surplus cash accumulating year in year out by trading with the world, it is definitely a good n astute business move to invest in higher risk long term capital intensive infrastructural projects especially in the global south that can give a better than average ROI to the country 's coffer...
@@Will.i.am55555 Stop smoking..dude Listen carefully...HK will be integrated into "HK-Macao-Guangdong" Greater Bay Area, a BRI project. A megalopolis, consisting of nine cities compare One Red Dot 😃😃😃😃
Western countries giving arms and ammunition to developing countries and defying that this is will develope to developing countries but chinna providing good infrastructure to developing countries this is defying by Western countries like debt trap
BRI is a lot more about making money. It’s more about “a community of shared future for mankind.” All you care is about tapping into this and that to make some money? Who do finance and law firms represent? The west or BRI countries? Do you not think China knows more about green energy than Singapore? No experience in green development…are you kidding. Many places of the world has little electricity and not gifted to use wind or solar, to millions coal fire plants is their only option to get out of extreme poverty so that they could send their kids to school.
Beijing's Belt and Road raises economic problems, higher-than-expected financing costs and an opaque bidding process. The railway runs through countries with the purpose of exporting Chinese goods. BRI projects in all countries pose a risk of debt traps and the intended use of exporting goods from China. China must pay most of the railway construction costs, high-speed train construction costs, land, maintenance, services, high-speed train repairs and railway repairs. All countries must avoid debt traps and can impose tariffs on Chinese exports if necessary.
After Sri Lanka fell behind on payments for its troubled Hambantota port project in 2017, China obtained a 99-year lease on the property as part of a deal to renegotiate the debt
It’s still a great deal for Sri Lanka. The Chinese will certainly be able to manage the port much better and bring in shipping vessels at the same time. It will bring growth to Sri Lanka. The physical port still eventually belongs to Sri Lanka
@@wingkeongsiew2296 I sure alot of people would like to relieve you your management of your money, telling you that they would do a better job of managing it. Of course they will tell you that the money still belongs to you. Now wouldn't this be great?
😅 yess iam Australian and China 🇨🇳 is are biggest exporter of Australian goods and minerals 😮but Australia 🇦🇺 still wants to colony of Britain 🇬🇧 🙄 and America 🇺🇸 sad that are leardes don't have guts to be a turly independent country we realy on China for are standard of living so does rest of Asia. I don't see America or Britain do anything for our standard of living 😢
Good with two faults: The music pushes it into propaganda territory, and the anecdotes / the guy rambling listing off lawyer buzzwords at the end were very, very incongruous with the attempted journalism character of the piece.
Iow BRI is the latest version of post WII mix of aid, development and hegemony by great powers. The key is to allow targets to grow obtensibly and not make realize that they are being exploited
Singapore construction companies are not competitive when compared to Chinese construction companies that innovate. Do not blame BRI. Blame these self satisfied companies.
Local construction companies should have been assisted by govt with transfer of technology and skill expertises in partnership from Korean, Japanese and Western firms who were already operating in SG since 80s. If that had happened, they would have grown into global construction and engineering firms now and given Singaporeans and others opportunities to work around the world like their counterparts. If you don't nurture your own country's talents, which country will?
@@wingkeongsiew2296it's not that they are competitive,it's because evey company in China is state owned, meaning that they has unlimited funds. The first thing the Chinese do is flood the market with cheap goods, and kill the competition.
The United States sells arms to Singapore and provides access to its bases to train the Singaporean military outside of their small island city-state. Under the U.S.-Singapore Strategic Framework Agreement, some U.S. Navy littoral combat ships are rotationally deployed to Singapore's Changi Naval Base.
Have a look at the smaller countries "working with" China... you don't have to look too far to see how China treats those inferior to them. While Mexico and Canada profit mutually from the USA, the same cannot be said about China. Look at how they've taken natural resources from Myanmar, how China treats Phillipines, look at the state of North Korea, look at Pakistan, Sri Lanka.
The Bible says we have all sinned. I know I have, haven’t you? God “desires all men to be saved and to come to the knowledge of the truth” (1 Timothy 2:4). Peter said, the Lord is “not willing that any should perish but that all should come to repentance” (2 Peter 3:9). God gave us free will The Good news How can I go up to heaven and have everlasting life ? “Believe in the Lord Jesus Christ that he died and rose again and you will be saved” God bless you all in Jesus name
1 John 3:5 - And ye know that he was manifested to take away our sins; and in him is no sin. 1 John 2:2 - And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world
These speeding train was becaue CHina copy from the European when they built for China, but the EU govt was stupid not to have an export bank to provide loans to 3rd world countries similiar to Marshall plan. US has an export bank but mostly use to finance airplane and weapon.
In the whole video there is not a single word on how much does the loan of BRI cost to the borrower of the loan and how does the interest of that loan compared to other financial institution. And does the borrower able to repay that loan on the project of BRI. This video only give one side of the story.
You are talking like a privileged kid. So you would rather those countries to be underdeveloped? Western institutions won't give them loan because it won't immediately make profit. If LKY had a brain like you, Singapore would still be an underdeveloped swamp.
Chinese loans are cheaper than IMF, WORLDBANK and western corporate loans. And dont assume the recepient countries are stupid. If the loans aren't favourable, they would have rejected it
i don't believe in countries or politics. but iif China wants to integrate. business it may get rid of poverty in some region. take it or lose it. no other businesses are going to help us.
No other SmartNation than Singapore, considering other countries are building SmartCities... hence Singapore Government should be smart enough. However, when Singapore financial system and regulations and policies are juvenile in the international arena. There is no need to set a debt trap on this island. The increase number of Chinese patriotic immigrants alone will cover this island.
But of Course BRI is not perfect , there is always risk in doing business. 😁 Maybe this video can be view as advertisement for the project, that's what all business doing. Compare to Western media accuse others "debt trap" which they are doing themselves.
12-7-2022 Britain-based charity Debt Justice: 35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders. Debt Justice, formerly Jubilee Debt Campaign, exists to build collective power to end debt that exploits people and the planet. Debt Justice is a part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet. We are a UK based charity founded in 1996.
Feels like I just watched a propaganda video for the BRI, instead of something that tells us in more detail the intricacies and micro-relationships between nations and economies within the BRI. Also, what about all the "rumours" of how the poorer countries in the BRI are held to ransom by China when these nations find themselves in a position where they cannot repay their debts to China, and find their major national infrastructure or national companies that own their nation's ports and airports having to cede ownership and control to China or a Chinese company?
The "rumours" you refer to are just Western disinformation and sour grapes. Is the BRI flawless? No. But it is a sincere effort by China to pursue common development with other countries.
lol the "rumours" you mentioned were all propagandas from Western sour grape media, it seems you've dijested very well. How arrogant it is that a single person think himself was smarter than those 152 countries signed BRI. '
But of Course BRI is not perfect , there is always risk in doing business. 😁 Maybe this video can be view as advertisement for the project, that's what all business doing. Compare to Western media accuse others "debt trap" which they are doing themselves.
12-7-2022 Britain-based charity Debt Justice: 35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders. Debt Justice, formerly Jubilee Debt Campaign, exists to build collective power to end debt that exploits people and the planet. Debt Justice is a part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet. We are a UK based charity founded in 1996.
Very stupid way to define Belt & Road Initial which spell out clearly Belt & Road is something to do of Ancient time Silk Road ! What it got to do in Marine route which don't benefit Singapore at all ! Let China do a BRI via Central Asia/Middle East/East Europe/West Europe ! Let China have a BIG DREAM and in the end FAIL MISERABLY !
Most Belt and Road projects China 🇨🇳 developed have been *useless* for local economies, but may be useful for: - the Chinese military or - forced-labor goods from China.
(Long) *Facts* about Chinese 🇨🇳 debt-trap loans to Sri Lanka that also apply to most BRI projects: - China was never transparent about its BRI loans. - third highest, at 10%, among Sri Lanka's $51 billion foreign debts. - Chinese annual interest is at 3.3%, *5 times* higher than Japanese loans. - Among all loans, Chinese loans must be *paid first.* - Chinese loans are not money. They are *construction debt.* - The loans must have *collateral, such as mines, seaports, etc. - Most BRI projects China developed are useless but may be useful for *the Chinese military.* - Chinese workers, mostly *men unable to marry* in China, are transported to Sri Lanka for BRI projects. - China took the Hambantota seaport for *99 years* as Sri Lanka's unable to pay. - unable to pay, Sri Lanka asked lenders for renegotiation. All responded, *except China.* - When Sri Lanka tried to import necessities, China *blocked* it because of unpaid debts.
@Arabic...Really?Who holds the most percentage of debt of these developing countries owe? Give you a clue. it's not China. Good read up before making an ignorant comment.
@@johnchua9387 its no use trying to make sense to a mind who easily clouded with emotional bitterness, jealousy & anger. we will just spank these indians once upon if they cant learn a lesson
Yep, BRI-johor due to no space for china-mongoloids to build station. Fully-developed until re-developing therefore never will have developed-nation status the bwah.hahahaha. tell china BRI - over-there, over-there (johor)
Unlike their promise. Without big bail out from our own State Budget, Speedtrain Whoosh Jakarta-Bandung would never been finished. This has been and will be the burden to Indonesia in the future.
Infrastructure is never a burden. It's a silly and narrow-minded Western mindset that demands everything be instantly profitable. The railway for operate for many decades and pay itself many times over with the productivity it will create.
U assume the rail wont generate economic growth but reality is that it has. With the rail, now most companies are able to hire more qualified people living further out from the city center. And townships will flourish around every station along the line
@TheDGirsang. Seems you bought into the burden propaganda put forward by pro western analyst & media that wants to paint an image that the HSR investment is a mistake. Infrastructure projects like HSR, subway, airport, seaport, roads, bridges, tunnels, dam, powerstations, etc are huge investments that will NOT be profitable immediately. I suggest you look back when Indonesia built it's first tol road. Try digging up news, analysis by "economy expert" of that time. Bet you'll find "financial burden" reports. Fast forward to today. Look at how the first tol road has improved economy along it's path. Bet you the once empty tol road that people complain about the cost of the tol and how it will burden the people is now jam pack like non-tol road. Can you imagine HSR network linking every major cities of Indonesia? And subway in all major cities!
But of Course BRI is not perfect , there is always risk in doing business. 😁 Maybe this video can be view as advertisement for the project, that's what all business doing. Compare to Western media accuse others "debt trap" which they are doing themselves.
CNA does so many anti-China hit pieces, it has to do some China propaganda to maintain some semblance of impartiality. China is an economic giant that is still growing, people outside the western world are not completely dumb or into self harming. Just count the number of countries in the BRI forum.
Here in Somalia.
China is our largest export market and our largest importer.
China's economy is so large there is enough opportunities for everyone.
Why china's real estate developers are going bankrupt?Chinese people who booked and paying mortgage havent got the flat to move in.They are chased out by police when ask for their money in the bank deposit is there any proper answer
@@shanmugasundaramrajeswaran8737 I think you are Indian. You jokers are trolls.
I'm happy that Africa is increasingly assertive. In the past, before the rise of China, Africa knew who was their colonizer, but after WW2, Africa had to trade with the West anyway because there was NO other option or alternative. I won't say Africa must abandon the West, but their choices are more now.
who the f cares what's in somalia. lol
@@shanmugasundaramrajeswaran8737 Chinese were using real estate for investment purposes, there were too much speculations which resulted in a crash of the market.
It is a super idea. This project benefit all countries not just China. Other countries can use this network to trade among them. Be opened mind and see the results. Don't be against it. This project makes our world better.
This is why Singapore has been able to develop and progress, always looking on the bright side and seizing every opportunity for the benefit of the people.
What about money laundering and arms sales? They are opportunities too, you know. Singapore with its second rate citizens will do well just as did Nic Leeson and his hedge deals. Sorry for the demise of the oldest bank in the world, Barings Bank. It might even helped the second rate Singaporeans citizens to pivot their noses up the ang moh's arses to China.
In the end, only China will benefit. I hope SG had learn a lesson from investment in Suzhou Industrial Park.
China is the most corrupt government in SEA.
Well said. @@HanBoonLee-n7f
🇲🇨🤝🏽🇨🇳 salam from Indonesia
Viva BRI
I love the One Belt & One Road Initiative!🇨🇳🙏👍🙂
Green and also digital sphere is where Singapore can contribute and also participate in the BRI and its good that China has also pivoted to Green initiative for its BRI drive and infrastructure.
Hsien Loong never bother to turn up at the BRI Forum
@@RudyTruly - Spore wasnt invited for the BRI...
@@albertwong1919 how do you know?
@@albertwong1919 if African countries can come surely Hsien Loong can come
@@RudyTruly Well first Xi isnt too please with LHL cuz of his last speech which was too US and probably hurt Xi's feelings. LHL isnt like his father sad.... sometimes he cant see the wood from the trees.... Anyways if China invited LHL he will turn up otherwise it will be considered great insult to China and Xi.
It good to see the debt trap misconception is slowly fading away with many Singapore analyst sees its beneficial to Singapore companies. Actually like how the Chinese people love going into debt purchasing lots of property around the world, we see their govt invest massively in property in BRI. As a chinese, i think most of us see this as good debt which have long term financial gains instead of a debt trap
The Hindu nationalist indian robbers are the ones pushing the narrative of Chinese debt trap cause they're jealous and have nothing to offer.
If there is really a debt trap, then IMF, World Bank, and all large international banks are major advocators. Debt trap is just a Western media slogan to mislead, to discredit and to tarnish the BRI projects.
Lies.
Agreed , debt trap are all lies
@Broskisnowski oh yes, remember how the recent claustrophobic subprime crisis in the US caused by greedy Wall Street bankers nearly destroyed the country and who came to their rescue?
With Singapore as a solid financial hub of this region, thus collaboration will gradually establish in many
aspects with trusts & avoid political influence.
A win-win for every countries - improving all Asian economy through an efficient transportation network
To me, Singapore is not directly connected nor benefitting directly from the bri. Unsure till now why we are in this since no high speed trains linking our island to China. Beside the rmb exchange opportunity which still needs to compete with hk, london & black markets in the region, the rest of the opportunities for Singapore are more arbitrary in nature. E.g. the "Green" opportunity comes in only much later when criticisms emerged around 2016 or 2018(?). This obviously happened by chance rather than foresights. Perhaps Singapore Government can present the total cost it has invested and the direct revenue it has reaped so far in the past 10 years since the bri inception. The other ventures can happen as long as those few entrepreneurs mentioned can afford to take risk, venture / participate even without connect to the bri. Thus most of the reasons presented in this video seem a little forceful for me that bri appears very beneficial for Singapore. It is in the same light as trying to justify the humongous losses Singapore had suffered at Suzhou decades ago which many might have subtlely forgotten.
BRI is just like a service brand, if you need and trust it then go buy and enjoy the service. There’s nothing more need to speculate.
Not only that, those who miss out will lag behind everybody else. That's why 150+ countries attended BRI forum this year - for their own benefits.
the china population cant even trust their money with china gov bank...lol
G7 don't want their dog escape
That's not in xi's mind. Think deeper man.
@@happymelon7129 china is less than a dog to the G7.
Beautiful ! For a new world of property to all !
Thank you China for making the world great again. Salute to president Xi and the Chinese people. Love and respect. Bravo 👏👏👏👏👏
I don't know CNA has become a Chinese news agency. I wonder How much it took to turn CNA into a Chinese propaganda station.
Your comment makes me nauseated! Keep the communist or dictatorship off of western hemisphere. Communist does not work, it has been proven since 1918.........
@@bangkok9205yeah, we need more capitalist country like france that colonize africa and exploit their lands
Interestingly many EU countries are more like communist than China is @@bangkok9205
Why did Malaysia cancelled HSR?So funny to see your comment,why Singapore dont get any project by BRI?Only lecturing others😂😂😂
Singapore needs more land. BRI can help increase land reclamation for even larger port and airport expansions. For one thing, Singapore needs a lot of sand to do that, so why not get the sand from China as part of BRI investments. Pretty sure any real estate created in Singapore will be prime real estate.
Maybe the desert sand can serve this purpose? Though China is developing her arid land for farming. Maybe the African countries as well the nations in Caucasus could learn a lesson from this; including Russia which also has plenty of arid land.
@@PahatRout Unforunately, the sand needed is a specific type that is actually rare in the context of millions of tons for land reclamation. Singapore is using another method now to reclaim land that uses less sand, so we shall see how it goes.
Real question, can desert sand be used for land reclamation??
@@wangxian5767 I don't think so. The typical way for land reclamation uses a specific type of sand. Probably has something to do with its physical properties and desert sand is not the right kind. That's why they have been dredging the sand from riverbeds probably because it is the right kind of sand.
But I think Singapore is now using another method for land reclamation that requires less sand to do so.
Singapore has and always been and will be part of the Crossroads of Asia. Its the pinnacle point of the Malayas and therefore it will always be crucial to WORLD GLOBAL COMMERCE AND TRADE. Like the 60s and 70s POST PARTITION OF SINGAPORE , with A Secular and Pro Commercial govt- Skys The Limit For Singapore. PROUD AND FIERCE ASIAN TIGER 🐯🐅🐅💯💯💯
Wonderful China well done China keep it up n God bless. Thank you Xi.
Singapore has the opportunity to compliment China's BRI and China in general, nothing is to be gained economically by being anti-BRI. Unfortunately CNA is an unnecessary hindrance to Singapore politically, its productions are too anti-China to be neutral. China may be cordial but is unlikely to trust Singapore.
The CCP is the one that cannot be trusted. Look at what is happening in the South China Sea.
Singapore is shameless. Goes where the money goes.
LYK will be proud of SG
If your PM wasn't even invited to the BRI forum which was attended by 130 heads of state including all the rest of Asean' s heads , what does that signify? Why not make a video on this explain this? Understand he wasn't invited to the BRI 1st Forum , too. Why?
You mean the recent BRI meeting where hardly anyone of importance bothered to even attend? OK.
@@vueport99Jokowi? Putin? Yea I don't know about this take 😅
@@lolololol2468 This year, just three European leaders made the trip: Hungarian Prime Minister Viktor Orban, Russian President Vladimir Putin, and Serbian President Aleksandar Vucic. Belarus, Czechia, Greece, Italy, and Switzerland all had sent top leaders to both the 2017 and 2019 summits, but skipped this year’s edition.
@@vueport99 BRI was always for the global south. You listed European leaders that aren't part of the global south...
@@lolololol2468 I suggest you go check the official info from China before embarrassing your family. BRI reaches deep into the west to Spain, France etc.
Maps cost maybe RMB 2. Go buy one and educate yourself.
You stated BRI is for the global South, so you mean Turkey can be ignored too?
Glad to hear good news. Great leader china should help to all the asian countries, we all asian people are like brothers sisters
BRI improves life ❤ and livelihoods
bri scams funds from other countries
Wumao shut up.
Keep spinning at CNA.
Great job 👍 for the Asian Nation hold on the Asian
Singapore has done a great gambling by betting on US by sending their future Prime Minister to visit US yet sent a very junior Minister to attend the Belt n Road gathering in China.
The BRI is truly the road to the future for mankind so l think we should understand it’s significance and support it. But sadly an insecure US is hell bent on undermining it. BRI shows up the glaring difference between the Chinese practical and magnanimous attitude and the ruthless self importance of the US. The BRI build roads and bridges to peace and prosperity, while the US build military bases to war and destruction.
It looks like Singapore has created a niche market for her industries to expand to! In spite of her small population, she has certainly moved way ahead of other ASEAN members in this sector. Would Singapore venture to Africa or South America in line with China's BRI objectives?
Will Singapore really want to work with China on Belt & Road or would it actually prefer to be in the good books of America as its obedient vassal state?
Behind closed doors the US has threatened Singapore. The US can easily overthrow the PAP regime by funding rebellion under excuse of so called human rights and lack of democracy. Can you explain why Singapore has boycotted Huawei 5G network
Days are coming to choose side,days of enjoying both worlds are over,Either country choose side or others will brand you of which side 😅😅😅
Crap. Singapore is never a vassal state.
Action speaks louder than sweet words
Singapore is a vassal state; we Singaporeans are fully aware
Here in the Philippines, Chinese state-affiliated construction companies started dredging over our Manila bay in 2021, with the hopes of creating an even more massive version of “Forest City” via paving over our beloved Bay.
Thankfully, this work has now been suspended by the Philippine president.
Actually I don't think Forest City is part of BRI.
@@dashong8912
i didn't mean to imply it was, nor the paving-over of Manila Bay. Moreso we have alas come to be extremely guarded when "da ge" comes over and offers us stuff...
BRI is a complete failure by any standard.
@@pushslice uh... so what's the point
Therefore, the Philippines has become one of the slowest-growing large economies in ASEAN countries. A narrow worldview creates a backward society. Vietnam has the same sovereignty conflicts as China, but the Vietnamese are much more flexible and intelligent than the Philippines. (Please bear with my harsh words, I just want to highlight the reality of Vietnam, which is developing rapidly, and the Philippines, which is still lagging.)
BRI should have some sort of central 'registrar' that can help navigate it better. From general info, the different BRI projects, finance matters, legal, ecosystem etc. Do they have that?
xi has it in his silly head.
@@fhetfet6402 OK.. Tro/ll
Why are you doubting the countries which have had cooperated with China on their developments? Do you think they can't manage their own nations?
@@PahatRout who is doubting what? Not sure I get your point.
@@k.k.c8670 , Is it beyond you?
Not sure if this video is intentionally trying to promote BRI or has other motives. This video starts off very upbeat and positive. Even the background music has a very positive vibe. The visuals and audio is definitely trying to sway viewers.
What you describes is exactly the western media.
You described western propaganda perfectly 😆
See how the B$$B$$C reports that people in Israel were “killed” but those in Gaza just “died”?
This kind of word play might seem innocent but it actually has a very powerful, subliminal effect on many readers.
But of Course BRI is not perfect , there is always risk in doing business.
😁 Maybe this video can be view as advertisement for the project, that's what all business doing.
Compare to Western media accuse others "debt trap" which they are doing themselves.
12-7-2022 Britain-based charity Debt Justice:
35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders
The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders.
Debt Justice, formerly Jubilee Debt Campaign, exists to build collective power to end debt that exploits people and the planet.
Debt Justice is a part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet.
We are a UK based charity founded in 1996.
@@charmainewongsm The problem lies beyond the western media as people say. There is no western media IF you do your proper digs into the various global media. Singapore's economy IS MAPPED into China for sure. The way of they self-destruct will land on this island. Nothing last forever. Go and live and work or do business deep into China and you will understand a lot better. The "right" people will open your eyes bigger than ever to understand the reality. Being part of the BRI is NOT a choice by the way!
Do you prefer to promote war?
Singapore has no chance to join the BRI, American controlled Singapore policy. This 2023 was not invited.
U$A NOT allow Singapore to involve too much, just like NOT allow Singapore to use Huawei.
Italy under so much U$A pressure to leave BRI
@@happymelon7129 no biggie, bri will do without these countries.
China is the future for the world. China is busy in development and progress, whilst the USA and Europe are bent on wars and destruction. My absolute respect for China 🇨🇳 from Australia.
China the ambitious, sustainable, reinforced and flexible country of the world. Awesome country of the world. Nice and robust country of the world. Tiger and lion of the world.
China is our biggest and largest neighbor and a no brainer for singapore to hook up in BRI.
Singapore is not invited to be a beneficiary of BRI simple because Singapore is a developed economy and the primary mission of BRInis to help less developed countries. So Singapore must work smart, be the catalyst & lubricant of this big engine built by China. Singapore can build itself as a “Trade Hub”, Logistic Hub, Financial Hub and IT Hub and tap on the BRI.
But of Course BRI is not perfect , there is always risk in doing business.
😁 Maybe this video can be view as advertisement for the project, that's what all business doing.
Compare to Western media accuse others "debt trap" which they are doing themselves.
12-7-2022 Britain-based charity Debt Justice:
35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders
The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders.
Debt Justice, formerly Jubilee Debt Campaign, exists to build collective power to end debt that exploits people and the planet.
Debt Justice is a part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet.
We are a UK based charity founded in 1996.
Does S’pore put money into Asia Investment Bank?
I’ve made a video about the comparison between Chinese and English and many videos teaching Chinese in graphic and funny ways.
Discussions, criticisms, and corrections are welcome.
I want to contribute to better communication between people from different cultural backgrounds.
your first video shd teach your ccp boss how to be honest.. 2nd vid shd educate the china population basic manners.
The BRI may benefit SG and the other rich countries, but it becomes the debt trap for the poorer countries. Good luck for SG that it doesn't have to give up land to pay its debt.
China wanted to exploit SG good name in the world to market its inferior products.
You mean the Bait & Rob Initiative as many countries who joined are now are saddled with enormous debts which they are unable to pay off.
For BRI,I just want to say win win win win,we hope all country can benifit from it,the developing country can change people's life from it.
China bot everywhere 😂
I guess you are western country bot.What you guys can say is blame us,what is it for the world except making trouble.@@JohannMarshall-pu2dw Trouble maker.
Good that cna starting to grow a brain instead of regurgitating western propaganda
western propaganda still very strong in CNA 😁
Singapore is short of land. In a joint venture with China, they should build an Island touching or half a mile away from Singapore. Island for tourism, sports, business. Lots of trees and a small airport. 🐬🍇🍹👫🎸🌟❤️
What about Singapore's investments in Tianjin city?is it safe?many viral videos of property crash and banking crisis in China? InJB forest city project is abandoned in Malaysia?
Why need that? The whole of Singapore is like that.
like what would a stupid ccp would propose. lol
build bridges that connect Indonesia (Batam, Bintan) with Singapore and Malaysia and go straight to Mainland through Thailand, Vietnam. honestly that is so DOABLE.
Why with China?
No opportunity for Singapore or any country that is aligned with US.
Thailand and China will restart the KRA canal project, part to BRI sea passage, to avoid any interference by US based in Singapore and Philippines
Oh that has been going on for like who knows how many donkey years. With the current climate, ground breaking wouldn't start even after human extinction. Remember BRI now = "Small and Beautiful". It means no big projects going forward.
The only reason why KRA canal is never going to be built is because that line is going to separate the northern Buddhist region from the southern Muslim insurgents fraction. If not that line would have been cut last decade and wouldn’t have delayed till now and no sight of any plans. A country’s sovereignty is more important than economic benefits at any time.
You cannot discuss carbon emission without stating an important fact that the historical emission of carbon is mostly done by the collective western imperial core countries. Because if you don't, then you are excusing the environmental crimes of the western imperial core countries and putting all the environmental burdens on the developing countries. Americans get to heat and cool 2000 sq feet house 24/7, drive big SUVs and jet around the country for Thanksgiving while Africans, Asians and South Americans have to scrunge up a living and barely emitting any carbon because they are so under-developed many don't even have access to steady energy.
A completely lop-sided view point and only serves western corpo-state media propaganda.
They are building infrastructure not missiles, I think it will be good in the long run, even though short term some ppl say say some countries will be in debt to China, but if the BRI can make the country richer in 10 or 20 years time, they maybe able to repay the loan quickly.
China's bridges and buildings are collapsing left and right in under five years....at this point, if you're stupid enough to sleep with the CCP, I feel no pity for you...
Singapore companies must be wary of Chinese investment in their companies. Also I hope the SG govt would scrutinise CCP's owned companies bidding construction contracts in SG.
China also has a lot of Temasek investments. what are you saying?
Wow, It's been a long time, not see James, back then he was our CEO in TK
Indians have 'One Modi, One Hindutva road', powered with more pledges (usually sometime in the far future), hubris and almost nil participants and support.
India supports the spirit of BRI. May China develop infrastructure for the participating countries. May China give debt waivers when required!
'One Modi, One Hindutva road' ?? ... Lets wait and see. India can't even cleaned their own dirty streets and built modern infrastructures, and eliminate slums in the big cities. And yet they wanna to built endless highway roads into Europe ? ... Indians should ask themselves Not to wear a Big Hats, when they have a smaller Heads, including poverty & low illiteracy rates ranked among the highest in the world.
Meanwhile, India Rupees are failing in value against all major currencies ... Will India going into bankruptcy, when their Partners are in too indebted to pay-up ?
@@muralidhar40 Can banks in India waive unpayable credit card debt when needed? If so that’s great!
@@muralidhar40I think this is the embodiment of India's "contract spirit"
@@huas5350It was India has helped the neighbor sri Lanka after its fall due to debt
💯🧡⭐🌀
Like many participants of the Belt and Road Forum, Sri Lankan 🇱🇰 PM Wickremesinghe was Beijing, asking the Chinese regime for *restructuring
debts.
Other participants are coming to complain about delay, cost overrun or cancelation of their projects.
@@lastChang = ArabicReja973 ALWAYS complain against China.
12-7-2022 Britain-based charity Debt Justice:
35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders
The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders.
Debt Justice, formerly Jubilee Debt Campaign, exists to build collective power to end debt that exploits people and the planet.
Debt Justice is a part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet.
We are a UK based charity founded in 1996.
After Sri Lanka fell behind on payments for its troubled Hambantota port project in 2017, China obtained a 99-year lease on the property as part of a deal to renegotiate the debt.
You should be aware of the moneylenders who offer you no questions- asked loans when banks do not offer you any.
While i agree to money lender statement you put out. Please don't buy in to the rhetoric of debt trap diplomacy.
@@hongmama1245 There's no free lunch in the world. It's the same whether money comes from the moneylenders or from foreign countries.
Singapore sovereign funds investment US$687 billion in China
investment is something to make a profit, not charity - what is your point?
😂
The director of pan-africanism today Akende Membe said this if you look at the Western and the imperialist countries they come with their own interests. The vice president of the U$ came to Zambia landed at a chinese-built airport in Zambia moved on a chinese-built road in Zambia.
It's it's ironic that Kamala Harris will travel to Zambia and tell zambians stop trusting the Chinese and having a relationship with them when everything that she has used in Zambia the Chinese basically helped build.
With so much spare trade surplus cash accumulating year in year out by trading with the world, it is definitely a good n astute business move to invest in higher risk long term capital intensive infrastructural projects especially in the global south that can give a better than average ROI to the country 's coffer...
The Colombo International Financial City, Sri Lanka will replaced Singapore as the financial hub.
China - Sri Lanka a BRI project
🎉🎉🎉
Ski Lankan to replace both HK and Singapore as financial hub of Asia 🎉🎉
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Dude you on weeds😮😮😮
@@Will.i.am55555
Stop smoking..dude
Listen carefully...HK will be integrated into "HK-Macao-Guangdong" Greater Bay Area, a BRI project. A megalopolis, consisting of nine cities compare One Red Dot 😃😃😃😃
You've never been to Sri Lanka 😂
@@NewmaticKe
I work there before
Western countries giving arms and ammunition to developing countries and defying that this is will develope to developing countries but chinna providing good infrastructure to developing countries this is defying by Western countries like debt trap
im waiting for the indian bots (arabicreja & the gang)
Haha on cue, not a bot but I do think the way China does its "Debt trap Diplomacy" it's shameful & absolutely rotten 🙏
hahaha yes that's right!
😂
@LastChang @ArabicReja and a few others 🤭🤭
😄@@stickymoney
Aiyah...Lee Hsien Loong never give face to attend the BRI Forum a few days ago...Putin came.
BRI is a lot more about making money. It’s more about “a community of shared future for mankind.” All you care is about tapping into this and that to make some money? Who do finance and law firms represent? The west or BRI countries? Do you not think China knows more about green energy than Singapore? No experience in green development…are you kidding. Many places of the world has little electricity and not gifted to use wind or solar, to millions coal fire plants is their only option to get out of extreme poverty so that they could send their kids to school.
You build and they will come.
Beijing's Belt and Road raises economic problems, higher-than-expected financing costs and an opaque bidding process. The railway runs through countries with the purpose of exporting Chinese goods. BRI projects in all countries pose a risk of debt traps and the intended use of exporting goods from China. China must pay most of the railway construction costs, high-speed train construction costs, land, maintenance, services, high-speed train repairs and railway repairs. All countries must avoid debt traps and can impose tariffs on Chinese exports if necessary.
After Sri Lanka fell behind on payments for its troubled Hambantota port project in 2017, China obtained a 99-year lease on the property as part of a deal to renegotiate the debt
It’s still a great deal for Sri Lanka. The Chinese will certainly be able to manage the port much better and bring in shipping vessels at the same time. It will bring growth to Sri Lanka. The physical port still eventually belongs to Sri Lanka
@@wingkeongsiew2296 I sure alot of people would like to relieve you your management of your money, telling you that they would do a better job of managing it. Of course they will tell you that the money still belongs to you. Now wouldn't this be great?
@@wingkeongsiew2296 I don't what kind of pot you smoke to come up with such an illogical statement.
😅 yess iam Australian and China 🇨🇳 is are biggest exporter of Australian goods and minerals 😮but Australia 🇦🇺 still wants to colony of Britain 🇬🇧 🙄 and America 🇺🇸 sad that are leardes don't have guts to be a turly independent country we realy on China for are standard of living so does rest of Asia. I don't see America or Britain do anything for our standard of living 😢
Indian Bots with Forever HSR Indian bots will spam this ....
So as you a chinese bot doing😅😅😅
China is suspicious about future of its own project, Hence it wants to rope in economically strong nations like India into its quagmire
The leader of the propaganda is China.😂
Good with two faults: The music pushes it into propaganda territory, and the anecdotes / the guy rambling listing off lawyer buzzwords at the end were very, very incongruous with the attempted journalism character of the piece.
Iow BRI is the latest version of post WII mix of aid, development and hegemony by great powers. The key is to allow targets to grow obtensibly and not make realize that they are being exploited
Who will help the poor people
There's no free lunch, only interest. You think world leaders are stupid and need your advise? They made calculated risk and took the offer.
@@hongmama1245 The targets I mentioned are you than the leaders
BRI started as an attempt to circumvent the Malacca Strait but making everyone else pay for it.
No wonder some local company in Singapore specifically in construction shut down because of BRI
Singapore construction companies are not competitive when compared to Chinese construction companies that innovate. Do not blame BRI. Blame these self satisfied companies.
Local construction companies should have been assisted by govt with transfer of technology and skill expertises in partnership from Korean, Japanese and Western firms who were already operating in SG since 80s. If that had happened, they would have grown into global construction and engineering firms now and given Singaporeans and others opportunities to work around the world like their counterparts. If you don't nurture your own country's talents, which country will?
@@wingkeongsiew2296it's not that they are competitive,it's because evey company in China is state owned, meaning that they has unlimited funds.
The first thing the Chinese do is flood the market with cheap goods, and kill the competition.
Isn't Singapore the only BRI country with a US military base?
When did we have a US military base in Singapore? It’s weird that there are such non factual statements circulating online.
The United States sells arms to Singapore and provides access to its bases to train the Singaporean military outside of their small island city-state. Under the U.S.-Singapore Strategic Framework Agreement, some U.S. Navy littoral combat ships are rotationally deployed to Singapore's Changi Naval Base.
Have a look at the smaller countries "working with" China... you don't have to look too far to see how China treats those inferior to them. While Mexico and Canada profit mutually from the USA, the same cannot be said about China. Look at how they've taken natural resources from Myanmar, how China treats Phillipines, look at the state of North Korea, look at Pakistan, Sri Lanka.
The Bible says we have all sinned. I know I have, haven’t you?
God “desires all men to be saved and to come to the knowledge of the truth” (1 Timothy 2:4).
Peter said, the Lord is “not willing that any should perish but that all should come to repentance” (2 Peter 3:9).
God gave us free will
The Good news
How can I go up to heaven and have everlasting life ?
“Believe in the Lord Jesus Christ that he died and rose again and you will be saved”
God bless you all in Jesus name
1 John 3:5 - And ye know that he was manifested to take away our sins; and in him is no sin.
1 John 2:2 - And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world
Cna may consider changing its tagline: we understand USA better. Dont judge my wirds too early. Follow CNA a few weeks and make your own judgement.
These speeding train was becaue CHina copy from the European when they built for China, but the EU govt was stupid not to have an export bank to provide loans to 3rd world countries similiar to Marshall plan. US has an export bank but mostly use to finance airplane and weapon.
Why Singapore 🇸🇬 not invited ?
Cos she's in the US camp.
errm, Singapore was invited and we attended....
Watch first before commenting
Minister Of Transport was there .
U$A NOT allow Singapore to involve too much, just like NOT allow Singapore to use Huawei.
Italy under so much U$A pressure to leave BRI
In the whole video there is not a single word on how much does the loan of BRI cost to the borrower of the loan and how does the interest of that loan compared to other financial institution. And does the borrower able to repay that loan on the project of BRI. This video only give one side of the story.
You are talking like a privileged kid.
So you would rather those countries to be underdeveloped?
Western institutions won't give them loan because it won't immediately make profit.
If LKY had a brain like you, Singapore would still be an underdeveloped swamp.
Chinese loans are cheaper than IMF, WORLDBANK and western corporate loans. And dont assume the recepient countries are stupid. If the loans aren't favourable, they would have rejected it
😆Maybe CNA try to balance out , in many previous report more biased to western propaganda
i don't believe in countries or politics. but iif China wants to integrate. business it may get rid of poverty in some region. take it or lose it. no other businesses are going to help us.
Bri
BRI is just another OneMDB.
Too bad, most conversation are in Singalish， hard to fully understandable.
Singapore is smart enough not to get involved with this debt trap unlike other countries.
What a village size country can do?😂😂😂 Btw, Singapore is part of the attending members of BRI summit
No other SmartNation than Singapore, considering other countries are building SmartCities... hence Singapore Government should be smart enough. However, when Singapore financial system and regulations and policies are juvenile in the international arena. There is no need to set a debt trap on this island. The increase number of Chinese patriotic immigrants alone will cover this island.
But of Course BRI is not perfect , there is always risk in doing business.
😁 Maybe this video can be view as advertisement for the project, that's what all business doing.
Compare to Western media accuse others "debt trap" which they are doing themselves.
12-7-2022 Britain-based charity Debt Justice:
35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders
The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders.
Debt Justice, formerly Jubilee Debt Campaign, exists to build collective power to end debt that exploits people and the planet.
Debt Justice is a part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet.
We are a UK based charity founded in 1996.
How is it debt trap when China cannot unbuild the stuff they build ... Low iq
You should be aware of the moneylenders who offer you no questions- asked loans when banks do not offer you any.
Feels like I just watched a propaganda video for the BRI, instead of something that tells us in more detail the intricacies and micro-relationships between nations and economies within the BRI. Also, what about all the "rumours" of how the poorer countries in the BRI are held to ransom by China when these nations find themselves in a position where they cannot repay their debts to China, and find their major national infrastructure or national companies that own their nation's ports and airports having to cede ownership and control to China or a Chinese company?
The "rumours" you refer to are just Western disinformation and sour grapes. Is the BRI flawless? No. But it is a sincere effort by China to pursue common development with other countries.
lol the "rumours" you mentioned were all propagandas from Western sour grape media, it seems you've dijested very well. How arrogant it is that a single person think himself was smarter than those 152 countries signed BRI.
'
So when will you and your government give out free money?
Hey sleepy. Nothing for you to worry, go back to sleep.
But of Course BRI is not perfect , there is always risk in doing business.
😁 Maybe this video can be view as advertisement for the project, that's what all business doing.
Compare to Western media accuse others "debt trap" which they are doing themselves.
12-7-2022 Britain-based charity Debt Justice:
35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders
The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders.
Debt Justice, formerly Jubilee Debt Campaign, exists to build collective power to end debt that exploits people and the planet.
Debt Justice is a part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet.
We are a UK based charity founded in 1996.
Because of a loose belt, the Chinese pants fell down on the road (belt and road) in Pakistan.
BGM is anoying
They are seeing a way out of the debt barrel? The biggest crab in this bucket of sh*te is losing the strength to pull the others down.
Very stupid way to define Belt & Road Initial which spell out clearly Belt & Road is something to do of Ancient time Silk Road ! What it got to do in Marine route which don't benefit Singapore at all ! Let China do a BRI via Central Asia/Middle East/East Europe/West Europe ! Let China have a BIG DREAM and in the end FAIL MISERABLY !
But malaysia,, marhathir ,, Lim Gunn Inn ,, Anthony Loke ,,, don't want to care for you especially singapore' ,, why we don't know lah
Xi Jinping's praises of China's 🇨🇳 belt and road achievements
is like El Chapo applauding Sinaloa cartel for drug trafficking. Lol
Most Belt and Road projects China 🇨🇳 developed have been *useless* for local economies, but may be useful for:
- the Chinese military or
- forced-labor goods from China.
LastChang the Indian bot strikes!
speaking of the devil
Sure! You know all that from your grandma's basement.
臭傻B
@@stickymoneyBarking around?
The BRI stops at Kazakhstan. Going further you’ll put your business (and safety) in danger.
Tofu dreg…. Tofu dreg…. Pls reconsider… open your eyes. See the signs! Red flags over greed!
❤ 🇨🇳
(Long) *Facts* about Chinese 🇨🇳 debt-trap loans to Sri Lanka that also apply to most BRI projects:
- China was never transparent about its BRI loans.
- third highest, at 10%, among Sri Lanka's $51 billion foreign debts.
- Chinese annual interest is at 3.3%, *5 times* higher than Japanese loans.
- Among all loans, Chinese loans must be *paid first.*
- Chinese loans are not money. They are *construction debt.*
- The loans must have *collateral, such as mines, seaports, etc.
- Most BRI projects China developed are useless but may be useful for *the Chinese military.*
- Chinese workers, mostly *men unable to marry* in China, are transported to Sri Lanka for BRI projects.
- China took the Hambantota seaport for *99 years* as Sri Lanka's unable to pay.
- unable to pay, Sri Lanka asked lenders for renegotiation. All responded, *except China.*
- When Sri Lanka tried to import necessities, China *blocked* it because of unpaid debts.
ArabicReja the Indian bot strikes!
speaking of the devil
@Arabic...Really?Who holds the most percentage of debt of these developing countries owe? Give you a clue. it's not China. Good read up before making an ignorant comment.
臭傻B，倒出复制粘贴。印度人真恶心
@@johnchua9387 its no use trying to make sense to a mind who easily clouded with emotional bitterness, jealousy & anger. we will just spank these indians once upon if they cant learn a lesson
Singapore is another china😂😂😂 not being racist
As usual,Singapore policy lalang...Kiss _ss,if Not oh old friend,and the recent,stay So call Natural
Yep, BRI-johor due to no space for china-mongoloids to build station. Fully-developed until re-developing therefore never will have developed-nation status the bwah.hahahaha. tell china BRI - over-there, over-there (johor)
Drain
Unlike their promise. Without big bail out from our own State Budget, Speedtrain Whoosh Jakarta-Bandung would never been finished. This has been and will be the burden to Indonesia in the future.
几十亿美元都拿不出来？
Infrastructure is never a burden. It's a silly and narrow-minded Western mindset that demands everything be instantly profitable. The railway for operate for many decades and pay itself many times over with the productivity it will create.
No risk no reward.
U assume the rail wont generate economic growth but reality is that it has. With the rail, now most companies are able to hire more qualified people living further out from the city center. And townships will flourish around every station along the line
@TheDGirsang. Seems you bought into the burden propaganda put forward by pro western analyst & media that wants to paint an image that the HSR investment is a mistake.
Infrastructure projects like HSR, subway, airport, seaport, roads, bridges, tunnels, dam, powerstations, etc are huge investments that will NOT be profitable immediately.
I suggest you look back when Indonesia built it's first tol road. Try digging up news, analysis by "economy expert" of that time. Bet you'll find "financial burden" reports. Fast forward to today. Look at how the first tol road has improved economy along it's path. Bet you the once empty tol road that people complain about the cost of the tol and how it will burden the people is now jam pack like non-tol road.
Can you imagine HSR network linking every major cities of Indonesia? And subway in all major cities!
This is a propaganda video
But of Course BRI is not perfect , there is always risk in doing business.
😁 Maybe this video can be view as advertisement for the project, that's what all business doing.
Compare to Western media accuse others "debt trap" which they are doing themselves.
CNA does so many anti-China hit pieces, it has to do some China propaganda to maintain some semblance of impartiality. China is an economic giant that is still growing, people outside the western world are not completely dumb or into self harming. Just count the number of countries in the BRI forum.