Recently Ugandan-Tanzanian oil pipelines were abandoned halfway by the EU in the name of environmental degradation. Now the Ugandan government is asking Chinese companies for help to complete the project. So the state-owned China National petroleum corporation agreed to complete it. The process is still going on. State-owned enterprises are owned by the government so they have a govt. to govt. relationship in projects. DW, your report is 👎
When IMF loans a country money, it's not a debt trap no matter how hard that country can pay back. But when China give loans at a much lower rate, for building roads and.bridges , it is a debt /death trap.
@Bul Thaosen I was just reading an article this morning. Sri Lanka is paying 4% interest rate plus other charges currently. For a country that goes bankrupt because their debt is nominated in USD and USD will remain high in relative terms, Sri Lanka will have to pay that extra charge for sure. Lets see what they have to do if they can not cover the interests. Can anyone remind me of the definition of debt trap diplomacy?
I take exception to the host's view that China is pushing countries to the brink of bankruptcy. If a poor country is badly in need of infrastructure projects to help their economy grow, AND China is financing the project with loans of reasonable rates, isn't it a very good thing for these countries. Unless you, Mr Host, can document that China forced people ( at gunpoint) to take loans at exorbitant rates, your argument is illogical! Just like a small entrepreneur needing capital to do business, the bank lending him the capital at reasonable rates is helping him. With your argument, the bank is hurting the entrepreneur!
From Financial Times : "Ghana owes about $5.4bn to lender nations, according to the IMF, including about $1.9bn to China. But its debts to commercial creditors are much larger, at about $15bn, including roughly $13bn owed to holders of its eurobonds." Who are the other lender nations? why i cant find any data? and what does eurobonds mean? anyone care to elaborate?
Go take a finance class. A Eurobond usually denotes a bond that is issued in another nation being used as a debt instrument in a host nation. Just like the Eurodollar is dollars floating around in other countries that isn’t accounted for by the us treasury, a Eurobond probably works the same way.
@@nukiolbartes6279 no, Ghana owes China that money. The term euro doesn’t denote the European Union, it denotes taking a loan from another country. For instance, if Ghana was using the yuan in their nation as a currency, that would be called a euro-yuan because Ghana can’t print any yuan so the source of the yuan comes from China. The euro prefix just means the financial instrument comes from another nation that is foreign to the host nation using that instrument in their nation.
@@nukiolbartes6279 ohhh lol I get it now. So the commercial creditors borrowed money from other countries in the form of a Eurobond to run their operations. Basically the government borrowed from private commercial creditors who got their money from taking out loans in other countries, hence the Eurobond. The reason why you can’t figure out the size of the Eurobond is the same reason you can’t tell how much Eurodollar is floating on the planet, they don’t track it that well. Look up the Eurodollar for reference to how a Eurobond works, it’s hard to account for the money when it’s in circulation.
What is wrong building more roads and bridges? In past 20 years, China had built $200billion infrastructures while some countries spent 1 trillions on weapons and destroyed billion$ infrastructure. I am sure that DW wants to build more infrastructure….
Welcome to the west's double-standard and retaliation framework, friend. All they're good at doing, destruction. Good news is this destruction habit involves themselves, and so you still got a decade (roughly) hearing them whine while beating war drums. Hint: Western Tent Cities are what investors are looking at short term.
Building infrastructure is not bad, but they were trying to take control of countries ports and airports for defaulting. Ps china also has spend trillions of dollars in weaponry
what roads lol none of them are ever finished because of corruption and poor countries just end up not being able to pay back things that are never built
Almost 50% of Sri Lanka’s debt service was paid to International Sovereign Bonds (28% of the country’s debts) loaned by the western countries. So who is the loan shark that kills the country? How ironic!
So a according to DW on one side " China loans push poor nations to brink of collapse" whilst not mentioning other international creditors like Sri Lanka where China only owns 10% of debt whilst at the same time warning of economic instability of BRI/China...On the other hand they propogate that China is conquering Central Asia from Russian influence (trying to promote Russia/China mistrust and animosity?) whilst mentioning how these countries flock to BRI, yet conveniently, the data for effect of BRI project economics in these countries (long term now) is not available/reliable without mentioning at all if beneficial... Meanwhile as the WEST disparages China more countries flock to join BRI SCO because the world does not exist in the narrative reality the West manifests with its media.
@@petergreen5337 meanwhile countries are loaded with western IMF debt (Argentina's woes) and the BRI is so terrible that USA and the westerns wants to copy and compete with BRI.....if only they had used these past 100 years of printing free dollars to build infrastructure around the world instead of bombing people....The westerns are psycos...the word should be wary, they always have been psycos and have not changed.
It's amazing how western countries are so concerned with countries around the world being burdened by Chinese debt and yet have never shown any concern about the dozens of countries that have been bankrupted by IMF and World Bank loans forcing them to sell state owned assets to US and European companies for pennies on the dollar. At this time, 150 countries' citizens are benefiting from Chinese infrastructure investments. What benefits have IMF and World Bank loans delivered to poor countries' citizens????
There is nothing "amazing" about it. Look at the state Sri Lanka is in now because of the BRI. Countries are literally falling apart because of these ridiculous loans and you can ask the citizens of those countries what they think about them. The difference between IMF/World Bank loans and BRI loans is that the West has low, long-term interest rates. Also, for better or worse, IMF loans at least stabilize countries -- which is why many of the countries that used BRI loans may be forced to go to the IMF. The BRI "loans" are debt traps -- and because the money has no oversight, a lot of it was siphoned off by crooks in the country.
These so call country don't have to agree to the IMF funds. No one hold a gun to their heads and make them sign anything. They are free to borrow money from other source like China.
@@simonetole3506 How so? Explain your "logic." Sri Lanka is in the position it's in because a corrupt leader took out billions in BRI loans and built an airport in a location where there were no people. Sri Lanka then defaulted. How is that due to the IMF and World Bank?
@@dvbernard ok, we all know about Sri Lanka, do you have any other example. Sounds strange you still believe IMF after it has failed nearly all the investment but not Chinese loans when it only failed in Sri Lanka.😂
China and the west (US led) are two different entities with two different agendas. China wants to build smooth trade in the world and west wants control of the world. A world that trades together is a free world and is a strong world. This is a threat to the US coz a free world that is strong, cannot be controlled by one country or a group of them. The system of the US and friends needs one dominent economy where others follow and take orders from the superpower. However, that US and "allies" mentality seems to be falling out of favor lately since the US seems to be using its power to supress growth of other countries that threatens its dominance. Most countries prefer china's external democracy and dictatorship domestically than the US's dictatorship externally and democracy domestically.
You currently live in the era of the most open international trade ever where China was able to become the world's factory and yet still unironically wrote that.
"China wants to build smooth trade"? No. The purpose of the BRI is to create a Chinese sphere of influence where China would literally be in control of strategic ports all around the world. BRI loans literally have provisions in them to take over infrastructure. As shady as the IMF and World Bank has been, even they have never taken over local countries' property.
No. China wants to control the world much as the U.S Every country is basically on their side and will work on based on their benefits. Why do you think china is any different ?
The figures showed that Italy 🇮🇹 was earning millions from the one Belt road. The US regime must have influenced Italy's regime. Italy has just destroyed the main source of income. Wow!
that is a lie. you have to watch videos posted by everyday Chinese of the amount of homelessness currently affecting china. remember xi wants the world to think there are no issues in china but his people are starting to show the real issues. probably you need to watch china insight or china update or leis real talk. you seem to be a clown
They have way more than that last time this happened they had 10’s of millions of people in China died from Starvation forget homelessness lol they are going to be lucky to be homeless.
Once again that’s not happening bot. Google humanitarian aid by country. The top 30 countries are the the ones that have food to give. Google humanitarian aid you will see. Where is Russia and China??! Not in top 30 why? Because they can’t even feed there own people. China’s food shortage has already started. No country will want to do business with a country in turmoil that can’t feed its population.
There are 600 million people in China that live in absolute poverty according to worldbank standards. There a way poorer than any homeless in the US and will never be able to afford a car to sleep in.
Negative assets. Their builds keep physically falling apart, don't get as much actual use as expected, and are much more expensive to maintain than was promised.
Oh yeah, let the money printer work full time and then start increasing interest rate very high very fast. Finally blame the Chinese.😅 Even the countries which were not involved in BRI have liquidity crunch because of the reserve currency doing funny things.
You should take a look at some of the countries China has lent to. Most of their GDP is going to pay back huge Chinese loans, leaving no money left for social programs or government functions. Inflation has skyrocketed. Pakistan is a good example.
the progress of build back better is currently the reason why the bri is stalling. b3w does not need to be announced everyday, but the actors behind closed doors are doing just that. as the Americans say, it's all about competition
The world is more concerned about whether US will default on its debt or not. Last time I checked China forgave most of Africa’s debt. Something the IMF never did.
china had no choice because it was pressured by the west to do this. their loans are for projects that do not benefit the local people. china is the one who need to manage this and no one else. also them blaming the imf is nonsense. the debt the countries build time are over a long period of time and they can refinance their loans. unlike china they cannot and the loan is very new. that is the bad part none of you wish to address
From Financial Times : "Ghana owes about $5.4bn to lender nations, according to the IMF, including about $1.9bn to China. But its debts to commercial creditors are much larger, at about $15bn, including roughly $13bn owed to holders of its eurobonds." Who are the other lender nations? why i cant find any data? and what does eurobonds mean?
I found most discussion on BRI to be very general and vague. For example, they never discuss how much China had proposed to invest in Italy and how it could benefit the Italians. So the only logical conclusion that I can draw from these seemingly smart debates is that the US and Co doesn't want BRI to be successful because it sees China as a potential rival, which is fair enough on a macro level. On the other hand, if China is losing tons of money through its investment in BRI, why wouldn't you want them to continue? The logic doesn't seem to add up somehow. Why would you want to stop a potential rival from making bad investments?
Because even though it is terrible for them economically, it is great for them militaristically. China will take economic hits to get military power around the world. The point of mentioning the debt is to indicate that it isn't great for the countries themselves who are part of the BRI.
Good question. OBOR is just a political facade for Nepotism. The Guest Speaker mentions this several times but with examples: Lack of transparancy especially in CA. No clear boundaries what OBOR is. Investments from CCP in exchange for ' possible' votes on International Level. Geo-political prestige as it justifies successing (facade) the millenia old Silk Road with the OBOR. Italy has been used as an example for a G7 Country but clearly there is not much literature about this, why? Lack of transparancy again. CCP only uses the OBOR to create loan leverage to have more influence in the Region and possible trade hubs, just like Italy but also Pakistan. So, not only is the CCP tactically ' binding ' countries with debt, it is also making sure the HOS (head of state) is loyal to the Chines plan (see Sri Lanka). So its only after 10 years of Silence, lack of transparancy, lack of information etc. what experts can see what the effects are. Again, because the OBOR is not defined specifically, any investment project can be used to mask nepotism with a presige project binding the local bridge or port to the (and this is how it is sold) the ' marvelous OBOR, succesor of the SILK ROAD' (BIG DEAL, BIG DEAL). Its political as Foreign politicians can use these grand plans to sell their political positions and remain in power. They are therefore linked with the grand investments and (this is how they sell it: work on the country with this Chinese Investement). I did my exam project on this topic in 2016-2017. Back then there was even less information about this topic. Now, only a few (trustworthy) literature is there, all the other is just emperical, practical information about the development of investments/ infrastructure. I found a list of all the so called ' OBOR' investments in all the countries and its pretty long. Even in countries that were never part of the OLD SILK ROAD. So clearly, the OBOR is not really here to be cooperative, its a facade for Chinese death loans.
The guest speaker is absolutely correct in stating that China's BRI is not just all about return on investments (ROI). The BRI also heavily focuses on geopolitical reasons. So far, China had already invested more than a trillion dollars in many developing countries' infrastructures with the hope to help become more affluent. Not all these countries will do bad economically at the same time, just like holding on to a portfolio of stocks. Some stocks will do good, and some will perform badly. However, investors in the stock markets generally realize gains on average and over a long-term period.
The BRI is not equivalent to holding a portfolio. Every BRI loan is paid for at the time of being granted. The projects involve Chinese workers and contractors, so the spending gets channeled into China while an infrastructure is created abroad. Then, the loan carries a high interest of 3-5% compared to global lenders lending at 0-1%. If the country fails to pay, then there's either resource grab in the form of transfer of ownership of the infrastructure, or quid-pro-quo support of the country for China in the UN. Win-win for Beijing.
Agree. China has become more risk-averse now after getting so many debt defaults from local governments by taking over ports or infrastructure. It is losing money now. China doesn't want to invest anymore in risky places and wants to hold "stocks" of better return on investment now like maybe SE Asia. Over time, these should pay off for China after a decade or two if all these regions are connected through BRI.
China just pledged billion in Central Asia and Pakistan.. and your master G7 keep stuffing up weapons in lamb chopped Ukraine.. you sound either funny or sarcastic
I remember when the first trans Siberia Chinese cargo train arrived German, everyone is so happy and praise belt and road initiative. Just 2 years later, everyone in Europe frown up on when it comes to relationship with China, some outright seeing the country as an enemy.
They should be told how much money their companies such as VW, BASF, Siemens, BMW, Daimler and 100s more are making in China and supporting jobs back in Germany.
@@k.k.c8670 They are not really supporting jobs in Germany. Most things made in China by western companies stay there. just like the money. also you need a Chinese partner to open a factory there.
Vw sells 40% of all its cars to China and derives 50% of its global profits from that market. Those are published facts as a public company. BASf isn't far behind in terms of numbers. Money is repatriated to the HQ when it sees fit, as is common practice for multinationals
@@vladnickul They are making money in China but not re-export to Europe (it doesnt affect much on European job). Due to proximity the relationship between China and Europe are different from US, the freight train are served as two way trading.
Why this host don’t ask these countries how much they owe to IMF world bank private lenders mostly western nations n Japan ?? Instead of picking on Chinese loan
The Ukraine Russian war has greatly caused so much suffering to gas deprived G7 countries. 9/10 of the countries with the most debt are from NATO countries or allies. Source: List of countries by external debt United States: 31 trillion United Kingdom: 8.73 trillion France: 7.04 trillion Germany: 6.46 trillion Japan: 4.36 trillion Canada: 3.23 trillion China: 2.64 trillion Spain: 2.26 trillion Australia: 1.83 trillion
Just to clarify : Just to clarify for the Europeans. A European Trillion is a much larger number. The us Trillion is 10to12 potens, the EU trillion is 10to18 potens A European would read the numbers and understand it like this : United Kingdom: 8730 billion France: 7040 Billion Germany: 6460 Billion Japan: 4360 Billion Canada: 3230 Billion China: 2640 Billion Spain: 2260 Billion Australia: 1830 Billion
Logically, the largest economies would have the largest debt. It is not the amount the matter, it's the percentage of debt relative to the nation's economic output.
@@CantHandleThisCanYa I´m just telling the European audience - This is the way we all understand figures that are presented, for example national debt in our news outlets. And the difference between a U.S. Trillion and EU trillion is vast. Its has become somewhat of a problem in the social media in the EU, as we consume more info from american news outlets ,blogs and YT
The difference is that these countries can actually pay their debts. China has way more debt and their economy is collapsing. They have been pumping up their GDP by building ghost cities and bridges to nowhere using debt. Now they have all this useless garbage that isn't bringing them any returns on their investment.
A bridge to nowhere is a project aimed at useless fund spending or money laundering with minor or negligible public usefulness and the BRI is full of bridges to nowhere
@@universitytowers Either milatery significance, national security or soft power over a nation. Owing infrastructure provides the CCP the leverage needed to coerce nations into their bidding, this can be either to increase the international trading of the yuan, so exaggerate its usage. Or in the case of Pakistan, turning off the nuclear reactors purging massive areas into darkness until the Pakistani government paid their loan payments. Pakistan has also been having issues with IMF negotiation due to China not willing to change the terms of the debt (not too sure about this one) For the military/economical aspect it provides another route for goods not owned or dominated by Western holders, so in cases if China invades Taiwan, Western sanction may not be that effective.
The west is harping on the debt issue of the developing countries. But the west is very happen to lend these countries money . The amount of debt that these developing countries had borrow incurred a Hugh interest payment which is kept in silence. Without infrastructure development these developing countries cannot bring their goods and resources economically to EARN cash.
Western loans ask for lower interest rates and are more willing to be renegotiated. China by comparison is a predatory subprime loan shark who want their money back, even when their overall numbers are lower than the Western ones already taken. It doesn't help the BRI recipients don't get the productive human capital development they expected either, since so much of even the most menial tasks are done by imported Chinese workers.
Francesca Ghiretti has contradicted herself on a few occasions. For example, in a 2019 article for The Guardian, she argued that the Belt and Road Initiative (BRI) was a "win-win" for both China and its partners. However, in a 2020 article for The Diplomat, she argued that the BRI was a "tool of Chinese hegemony." Ghiretti has also contradicted herself on the issue of China's human rights record. In a 2018 article for The Financial Times, she argued that China's human rights record was "improving." However, in a 2021 article for The Diplomat, she argued that China's human rights record was "deteriorating."
@@Harlock2day Credible source for what exactly? I’m talking about her contradictions herself on several occasions, and to answer your questions, no she’s not a credible source, and also the Financial Times isn’t since it’s funded by a Japanese media company and the Japanese are vavasour of the US. But also this is an opinion, doesn’t matter credible or not, it’s an opinion that is flawed and biased
The International Monetary Fund (IMF) has pushed Argentina to an economic collapse by imposing harsh austerity measures on the country. These measures, which include cuts to public spending and increases in taxes, have led to a sharp decline in living standards and a rise in poverty. The IMF's involvement in Argentina's economy dates back to the 1950s. Since then, the IMF has provided Argentina with billions of dollars in loans, often with strict conditions attached. These conditions have often been blamed for exacerbating Argentina's economic problems. In 2018, the IMF approved a $57 billion loan to Argentina. This loan was conditional on a number of austerity measures, including cuts to public spending and increases in taxes. The IMF argued that these measures were necessary to reduce Argentina's budget deficit and restore economic growth. However, the austerity measures have had a devastating impact on the Argentine economy. They have led to a sharp decline in living standards, a rise in poverty, and an increase in social unrest. In addition, the austerity measures have failed to restore economic growth. As a result of the IMF's involvement, Argentina is now facing its worst economic crisis in decades. The country is in recession, inflation is soaring, and the peso has lost half of its value. The IMF's policies have pushed Argentina to the brink of economic collapse. Here are some of the specific ways in which the IMF has pushed Argentina to an economic collapse: The IMF has imposed harsh austerity measures on Argentina, which have led to a sharp decline in living standards and a rise in poverty. The IMF has failed to provide Argentina with the economic support it needs to recover from its crisis. The IMF has imposed conditions on its loans to Argentina that have made it difficult for the country to repay its debts. The IMF has failed to take into account the social and political consequences of its policies in Argentina. The IMF's involvement in Argentina's economy has been a disaster for the country. The IMF's policies have pushed Argentina to the brink of economic collapse and have made it even more difficult for the country to recover.
Why did Argentina have to borrow such large amounts in the first place? They accepted the conditions of these loans as well. China can bail Argentina out and do you think their conditions will be more favourable?
Let's get this one thing straight here, Argentina has always faced economic issues they are the ones that turned to the IMF and most IMF loans have stipulations to help stabalize the country's economy, the IMF cannot to do this alone the country itself must be willing. Argentina has chosen policies that are not beneficial for he country, ffs they were even talking about damn bitcoin! So i repeate Argentina has a history of economic challenges, and it is ultimately the responsibility of the country to implement policies that promote stability and economic growth. The IMF provides financial assistance and technical expertise to support countries in addressing their economic issues, but the success of these interventions also depends on the cooperation and commitment of the borrowing country. The conditions attached to IMF loans are often aimed at promoting fiscal discipline, structural reforms, and sustainable economic policies. The IMF encourages countries to adopt measures that can help stabilize their economies, reduce fiscal imbalances, and foster long-term growth.
@@GoGoPooerRangers Let's get this one thing straight here, Pakistan, Sri Lanka and all these countries that have been put into the victimhood of 'debt trap diplomacy' have always faced economic issues they are the ones that turned to China and most Chinese loans have stipulations to help stabalize the country's economy, the Chinese cannot to do this alone the country itself must be willing. 'debt trapped countries' have chosen policies that are not beneficial for he country.
Bigger worry for West should be that three failed US banks had more assets combined than all the failed banks at the height of the 2008 crisis combined, there is just no way US can escape what is heading its way this time. Asia has left Europe and America, so much behind in developmet it can not see them from afar anymore and America? which went practically back to being developing World/ Wild Wild West
Ok bot. Banks fail that’s what happens in a free market. China doesn’t let their banks fail and posts false numbers and makes their own people pay for the mistakes. That also gives their population no purchasing power and it makes China’s financial bubble get bigger and bigger and when it bursts it will be gigantic, something the ccp can’t recover from. And it will burst there is no way around the hole the ccp has dug for China. Pakistan is just a symptom of this happening.
Europeans live in the European point of view. There are many successes and failures in the Belt and Road Initiative, and Europeans will only see the failures. But like successful cases, the China-Laos Railway will not be seen, and Europeans don’t even know about Laos Where, two days ago in Beijing and the summit meeting of the five Central Asian countries, how much Kyrgyzsia needs it. The same Europeans can’t see the China Kyrgyzstan Uzbekistan Railway because most Europeans don’t know and don’t care what Kyrgyzsia needs. These countries need Substantial investment, not European speech.
Glad that you brought up Central Asia topic. One example of how alienating the western perspective to the local society: around the same time of the Central Asia - China summit, there was EBRD (European Bank for Reconstruction and Development) annual meeting in Samarkand, Uzbekistan with one economics professor commented that the host country needs a new economic approach that includes the LGBTQ+ community.
Before watching Indian media, I have no idea the importance of BRI. After watching their thorough analysis, I never know it is like playing a board game, where the board is the world map. Due to the fact that there are heavy activities of US military presents in the entire pacific, the bad geographic location of China is pretty much surrounded (or sea-locked) by the adversarial forces next to its waters. This also includes trade routes. Although at peaceful time, nothing will happen, but when tension arises, no one can guarantee. The Indian media mentioned that all China's port are on the east side of the Eurasia Continent, hence a large portion of their trade must go through Malacca Strait. This means China is super vulnerable should US decides to block that region, this is why India is such a vital piece on the world map for the US' blockade. This is why BRI plays an essential role, as one of the reason is that China is trying to circumvent this situation. This media had named four locations on the Indian Ocean, namely: Myanmar, Sri Lanka, Pakistan and Horn of Africa. This is why China needed to gain access to these 4 pts. They had also said that China will leverage the debt situation by giving concessions to the local country so that the bi-lateral trade will be made using the local currencies skipping US dollars and hence moving slowly away from the dollars. (Although countries like Pakistan and Myanmar are both no longer stable anymore, sounds fishy). The media then had said about rare earth metal, EVs (battery tech) and solar panel monopoly. Although Xi may have foreseen this 10 years ago, but he still missed techs like micro-chips.
Pakistan and Myanmar has always been that way. China is of strong opinion that better economy provides more stability than political ideology. Thats why they still invest in them, to help uplift their economies. On the other hand, US invests in espionage to topple governments.
Also Russia have (officially) billions in India's banks! Its currently stuck there as only China will take it for a large fee! Lavrov. "India wants to eat the cake and have it" 2023.
@@aussiecomrade5972 noo, China is "investing" on those country to keep it unstable. China lend money to those country with high interest rate that they can't pay it back... China is acting like a loan Shark. And these country can't even benefit from the jobs the construction of the belt and road since China employ Chinese to cuntruct them.
Could you please also keep an eye on the story about China using Mexico to fire the American drug crisis by flushing fentanyl into the country, which has just surfaced? This would be an interesting development.
China 'using Mexico'? Don't you think the Mexican cartels know what they are doing and are simply importing raw materials from China, many of which are not exclusive to making Fentanyl?
Fentanyl was approved for medical use in the United States in 1968. But why is fentanyl now a drug in the United States? Perhaps the biggest problem is that Americans are too rich and idle to panic. Even if Americans don’t eat fentanyl, they will eat heroin or marijuana, or others Besides, it's better to take more time to investigate carefully rather than typing away, which is always the biggest problem with the drug epidemic in the United States, it always shirks the responsibility for its own problems. the correct news is> The President of Mexico pushed the drug issue to the ground, but the local military and police recently seized dozens of medium and large fentanyl drug manufacturing factories in Sinaloa State (Sinaloa), and slapped the President severely.
In Latin America nobody was interested in fentanyl. This drug is nothing new to us. Not in Mexico or Brazil or Colombia. Why are you Americans so obsessed with drugs? Is it lack of God, of family values? Too much war?
@@jeckjeck3119 the US did in stealth mode. Vast swathe of New England was built with opium money. Forbes and Perkins families of Boston were drug dealers.
Nearly half of American adults say they are concerned about the safety of the money they keep in banks, according to a Gallup poll released on Thursday. Gallup said 48% of US adults say they are concerned about the money they have in banks and other financial institutions, including 19% who are “very” worried.4 May 2023
Another bot. China keeps stealing money from its people. Chinese people do not trust their banks at all so why should foreigners invest. When banks are controlled by an authoritarian government no one is going to want to do business. The ccp has taken money from billionaires. The more the ccp takes control of China the more investment and money moves out of China. 😊
This is the repetitive boring topic. The world needs more countries and organizations that can provide loans to support development. But if the Germans feel that China's is not good, what does Germany offer as an alternative? The borrowers are not fools, But of course the lender also has to make a profit. Why don't the Germans bring your menu, take actions instead of blabla sow discord, or just follow the baton of the United States, turning over and over those few topics. Germany could start with Sri Lanka's complaints! that the average interest rate on dollar-denominated international sovereign bonds (ISB) or Eurobonds borrowed from international capital markets was as high as 6.9%, leading to an increase in its business borrowing. As of the end of 2021, Sri Lanka's ISB reached US$13 billion, accounting for about 35% of the government's total external debt. In 2021 alone, the government will repay $1 billion in principal and $934 million in interest on Eurobonds. These repayments account for about 47.5% of the government's external debt service in 2021.
Western alternatives aren't as attractive because they often demand improvements to governance. "No-strings attached" Chinese ones still have room for the politicians to skim from.
What about the Belt & Road Initiative / agreement between China and Germany? Look at Duisburg (or Duisport) - I have not heard any discussions about that? Why not?
Imagine a land locked country such as Laos or countries in central Asia, a railroad would lift their economies entirely. It is already happening. Everybody benefits from it, except US and allies who do not want to see the world move forward and leave them behind.
You don't see the CCP investing in Yemen, Syria, Hattie, because they haven't found valuable natural resources yet. I believe DW did a documentary on how the Saudi building houses, schools etc in Yemen. This investment helps influence parts of Yemen, and they don't have to seek asylum in Saudi. What a strategy.
it is "mutual dependent", china is also dependent on trading partners this reduces the cost to acquire desired products from both sides at the end we call this MUTUTAL BENEFIT "a lot of people dependent on China" yes this is true, but China dependent on a lot of people too this is really primary purpose of the BRI, china govt is telling about this since the beginning, "mutual benefit" requires mutual dependent on both sides at the same time dont be hypocrite
That and securing vital resources in poor countries. Chinese companies are striking lucrative deals with African corrupt governments while the average African citizen get mowed down.
This guest has no idea of what is going to happen with BRI initiatives going forward. She keeps relying on "narrative" answers that don't answer the questions.
The west prefers bombing the world, building more militaries around the world, selling more weapons to the world, as opposed to promoting trade and building more infrastructures for the world. They don’t want Central Asia, Africa, and South America to grow at all. After all, the slave owners mentality still is there.
Economy is driven by infrastructure. You can save money for years, or have down payments and apply for loan to build today. The challenge to the western is the 3rd world has options today.
It's not the people in Europe. The US fears the loss of the petro dollar and it's influence of the rest of the world. The governments in Europe are vassals of the US and don't work fo the well being of their own people.
30 million Chinese starved, largely due to the US calling on its allies to sanction any country who doing business with China after the Korean War. The GLF and CR are reactions to the sanction, different from today.
The great leap forward excacerbated a famine,but it was ultimately the US embargo that caused the deaths of tens of millions of innocent civilians. The US also implemented a disastrous policy that that cause the great Dust Bowl Famine. Lucky for us, no one embargoed us, or millions would have died.
As direct and open as you dare to be about China's attempt to in a subtle way colonise the world. It's investments are about leverage and positioning for the future. Thank you
Yep but it’s failing. Everyone that was investing in China is getting out of China and they have screwed the countries that they are building the belt and road in this giant debt trap.
China has not invaded or bombed other countries for the last 45 years. The same can not be said about USA. They have been doing endless wars and occupations since WW 2
Colonise with opium, slave trade or bombing? Or manipulate regimes, pharmaceuticals, food sources like seeds to plant? Oh right, those are fine to you as long it’s the west controls the world
It's not evil in itself, if China wants to compete I have no problem. The west in general needs to be conscious of our supply chain, even in peace time
It's right time to relocate production from China to eastern european countries with lower production cost. Sooner or later it will be similar problem just like russian oil or gas.
You should say thank you to Joe Biden decision to bomb Nord Stream pipelines. Many factories closed down and relocating to US because energy is expensive in Europe now. Joe Biden knows how to export risks, geopolitical tensions, war addiction and deindustrialized Germany. This is done to salami leeching and draining off Germany industrial strength. In contrast, China exports infrastructure, trades, culture and investments.
Or just relocate to Ukraine after the SMO/ War is over because if you look at all of Zelensky's reforms, Ukraine makes it very difficult for unions to function for the interests of workers. You then have the economic reforms to turn Ukraine into a neo-liberal paradise.
@@marpl6063 The Ukrainian option is not for the benefit of Ukrainian workers. Rather for business interests. Take into consideration the culture of orruption that's well documented throughout the history of post-Soviet Ukraine and even during the current SMO/War.
@@jesusaguilar4585 Ukraine is the same story like Czechia,Poland,Romania or lithuania in 1990, there was many problems when it comes to corruption nad mafia. They solved their problems and there will be no difference when it comes to Ukraine. They just need time.
China has not invaded or bombed other countries for the last 45 years. The same can not be said about USA. They have been doing endless wars and occupations since WW 2
The west prefers bombing the world, building more militaries around the world, selling more weapons to the world, as opposed to promoting trade and building more infrastructures for the world. They don’t want Central Asia, Africa, and South America to grow at all. After all, the slave owners mentality still is there.
The dumbing down on westerners are really spectacular... wll done western media and so called experts... they have eyes but can't see, ears that can't hear... well done... carry on 🤣 🤣
Probably, China says honey 🍯 that is your lost and more importantly your citizens lost!!! Democracy system is supposed to make your citizen's life better and happier....
Chinas belt and road initiativ won't stop before China does not experience a huge economical downturn and investments show no return. Aslong China can afford it they will press on.That also has some merit from their perspectiv just because these infrastructure investments are acting like an attractor equally for their own industry as that of others bordering that renewed silkroad. The most we can hope for is to slow the progress down, which might be enough time to strengthen our own production capabilities within europe which if anything should be the goal now. One thing that to my knowledge has not been adequately adressed is not just the economical but possible military power projection due to the belt and road initiativ. How much troops and gear in what time to what place could now be transported in comparison to before. Have military bases been established along those new roads and railways or is it forseeable that they would and if so what would their most likely locations be? Which nations are therefor particularly threatened? I would assume not just the once the railways and roads are going through but also neighbouring states. Any economical foundation is also always a military foundation.
@@KLRH23 crazy why? Offcause they have different philosophies, america projects its military power over the world with over a thousand military bases world wide on small islands to rented space in nations they have treaties with. Meanwhile China just wants the *chinese* sea as their own backyard and with strings of pearls and belt and road have stable and protected trade routes. " their military is not prepared or capable of direct confrontation but more indirect." Where do you get this from? Taiwan, Japan and even the Philipines may have a different outlook here i would think aswell Tibet if it wouldn't have been annexed by China. Meanwhile their economy is churning out and iterating their aircraft carriers. They are not as formidable as the once the US produces, but they also don't have to be yet as their supply lines are shorter. They sure haven't been in as many conflicts as the US and therefor we don't even know fully about their capabilities. But better to overestimate then to underestimate those i would think.
@calvin wu BRI may start out as business co-operation between countries, but the CCP has a long-term goal to dominate the world in both economics and militarily. Look at what is happening in the South China Sea. It started out as, oh, we're just building up to help our fishermen shelter from storms. Then it was, oh, we're just built up for civilian use. Then, finally, they installed military equipment, missiles, and radars. Who is going to believe the CCP? The final goal of the CCP is to copy the US base building. This is the only way the CCP can project its power and dominate the world. Having many bases around the world helps to fuel ships, restock ammunition, and repairs. In the event of war, you could move military assets quickly. So, having many bases means having a long arm.
That map in the background needs a rework. Cuba & Florida don’t exist, Saudi Arabia is connected to Africa. I was trying to see if Italy exists but the announcer’s head is in the way.
You speak as though defaulting is a problem for China. That’s the goal. When countries default, certain infrastructure or mining rights are forfeited to China in lieu of payment. Which is exactly how corporate take over is supposed to work. Once China owns that infrastructure they recoup their losses through use of said infrastructure. Win win. The initiative is designed for world domination, through thousands of small investments, it’s not about small returns on small investments.
Metaphoric: The man interested in 1 of your heirloom which you don't sell. He brought u to gambling den n convinced to give hefty sum credits to you, using the heirloom as mortgage.
![ตีสิบเดย์ [FULL] | เปิดใจ "อาจารย์ เบียร์ ฅนตื่นธรรม" นักสนทนาธรรมสายดุดัน!](http://i.ytimg.com/vi/vqaBI_mnoDk/mqdefault.jpg)
The title is funny since the Belt and Road has nothing to do with the west for the most part and everything to do with the east and global south
Exactly. It's NONE of the West's business. Why are they sticking their nose in ??
Recently Ugandan-Tanzanian oil pipelines were abandoned halfway by the EU in the name of environmental degradation. Now the Ugandan government is asking Chinese companies for help to complete the project. So the state-owned China National petroleum corporation agreed to complete it. The process is still going on. State-owned enterprises are owned by the government so they have a govt. to govt. relationship in projects. DW, your report is 👎
Wonder why China's best friend Pakistan is desperately begging the IMF for a loan!
You mean bribe is paid directly from chinese government to another government.
Well said and well OBSERVED
When IMF loans a country money, it's not a debt trap no matter how hard that country can pay back. But when China give loans at a much lower rate, for building roads and.bridges , it is a debt /death trap.
Chinas Loan Rates are Higher and tied to collateral of the nations natural resources & national security assets.
@@joemosely9383 rate high？😂
@@joemosely9383 Then give it a data, which loan's rate is which number😜
All these European descendants of perdition think that they should control everything on earth.
@@joemosely9383zams as imf anx world bank
Why don't we take a look at the interest rates between the debts issued by China and IMF so we can decide which ones are debt trapped.
IMF interest are low. And Concessional loans carry no interest at all.
@Bul Thaosen
Argentina is debt trapped by US and IMF.
@@bulthaosen1169 你说谎😅
@@bulthaosen1169 😆😆😆😆
@Bul Thaosen I was just reading an article this morning. Sri Lanka is paying 4% interest rate plus other charges currently. For a country that goes bankrupt because their debt is nominated in USD and USD will remain high in relative terms, Sri Lanka will have to pay that extra charge for sure. Lets see what they have to do if they can not cover the interests. Can anyone remind me of the definition of debt trap diplomacy?
I take exception to the host's view that China is pushing countries to the brink of bankruptcy. If a poor country is badly in need of infrastructure projects to help their economy grow, AND China is financing the project with loans of reasonable rates, isn't it a very good thing for these countries. Unless you, Mr Host, can document that China forced people ( at gunpoint) to take loans at exorbitant rates, your argument is illogical! Just like a small entrepreneur needing capital to do business, the bank lending him the capital at reasonable rates is helping him. With your argument, the bank is hurting the entrepreneur!
From Financial Times : "Ghana owes about $5.4bn to lender nations, according to the IMF, including about $1.9bn to China. But its debts to commercial creditors are much larger, at about $15bn, including roughly $13bn owed to holders of its eurobonds."
Who are the other lender nations? why i cant find any data? and what does eurobonds mean? anyone care to elaborate?
Go take a finance class. A Eurobond usually denotes a bond that is issued in another nation being used as a debt instrument in a host nation. Just like the Eurodollar is dollars floating around in other countries that isn’t accounted for by the us treasury, a Eurobond probably works the same way.
@@henrytep8884 so Ghana owes $13bn to EU based creditors?
@@nukiolbartes6279 no, Ghana owes China that money. The term euro doesn’t denote the European Union, it denotes taking a loan from another country. For instance, if Ghana was using the yuan in their nation as a currency, that would be called a euro-yuan because Ghana can’t print any yuan so the source of the yuan comes from China. The euro prefix just means the financial instrument comes from another nation that is foreign to the host nation using that instrument in their nation.
@@nukiolbartes6279 ohhh lol I get it now. So the commercial creditors borrowed money from other countries in the form of a Eurobond to run their operations. Basically the government borrowed from private commercial creditors who got their money from taking out loans in other countries, hence the Eurobond. The reason why you can’t figure out the size of the Eurobond is the same reason you can’t tell how much Eurodollar is floating on the planet, they don’t track it that well. Look up the Eurodollar for reference to how a Eurobond works, it’s hard to account for the money when it’s in circulation.
@@henrytep8884 so those $19bn eurobonds are non chinese commercial creditors?
What is wrong building more roads and bridges? In past 20 years, China had built $200billion infrastructures while some countries spent 1 trillions on weapons and destroyed billion$ infrastructure. I am sure that DW wants to build more infrastructure….
Welcome to the west's double-standard and retaliation framework, friend. All they're good at doing, destruction. Good news is this destruction habit involves themselves, and so you still got a decade (roughly) hearing them whine while beating war drums. Hint: Western Tent Cities are what investors are looking at short term.
Building infrastructure is not bad, but they were trying to take control of countries ports and airports for defaulting.
Ps china also has spend trillions of dollars in weaponry
@sora that is still better than bombing other nations or starting a war because of tea
@@cudle2238 yes i love ❤ Uighur concentration camps too🥰🥰
what roads lol none of them are ever finished because of corruption and poor countries just end up not being able to pay back things that are never built
Almost 50% of Sri Lanka’s debt service was paid to International Sovereign Bonds (28% of the country’s debts) loaned by the western countries. So who is the loan shark that kills the country? How ironic!
❤exactly
US and EU should not worry about Belt and Road because it was designed to go around the EU and US and not anywhere near EU or US.
So a according to DW on one side " China loans push poor nations to brink of collapse" whilst not mentioning other international creditors like Sri Lanka where China only owns 10% of debt whilst at the same time warning of economic instability of BRI/China...On the other hand they propogate that China is conquering Central Asia from Russian influence (trying to promote Russia/China mistrust and animosity?) whilst mentioning how these countries flock to BRI, yet conveniently, the data for effect of BRI project economics in these countries (long term now) is not available/reliable without mentioning at all if beneficial... Meanwhile as the WEST disparages China more countries flock to join BRI SCO because the world does not exist in the narrative reality the West manifests with its media.
Wonder why China's best friend Pakistan is desperately begging the IMF for a loan!
China doesn't like Russia that much now. 😂
Also BRI will become utterly useless if China goes to invade Taiwan.
Precisely. YOU are beginning to understand. These programmes are WORTHLESS on the subject. Just start with wikipedia.
@@petergreen5337 meanwhile countries are loaded with western IMF debt (Argentina's woes) and the BRI is so terrible that USA and the westerns wants to copy and compete with BRI.....if only they had used these past 100 years of printing free dollars to build infrastructure around the world instead of bombing people....The westerns are psycos...the word should be wary, they always have been psycos and have not changed.
G7 RUINED THEIR ECONOMIES , US close to DEFAULT, UK using FOOD BANKS, GERMANY burning COAL for energy 🤣🤣
@@bradentour3993A system of grifters around a money pit or some flys in a spider web.
G7 ruin their economy what alternative universe you live???
Wonder why China's best friend Pakistan is desperately begging the IMF for a loan!
China has One Belt One Road .
The US has One Bomb One Road .
Japan: We got two huge bombs from you! Thanks
German:................... 😂😂😂😂😂😂😂😂
Germany: we've two Nord Stream pipelines blown off.
@@TheKkpop1 Germany: No! not USA, it's ourself
I can understand sour 🍇 felt about BRI.
Absolutely CORRECT ❤
It's amazing how western countries are so concerned with countries around the world being burdened by Chinese debt and yet have never shown any concern about the dozens of countries that have been bankrupted by IMF and World Bank loans forcing them to sell state owned assets to US and European companies for pennies on the dollar. At this time, 150 countries' citizens are benefiting from Chinese infrastructure investments. What benefits have IMF and World Bank loans delivered to poor countries' citizens????
There is nothing "amazing" about it. Look at the state Sri Lanka is in now because of the BRI. Countries are literally falling apart because of these ridiculous loans and you can ask the citizens of those countries what they think about them. The difference between IMF/World Bank loans and BRI loans is that the West has low, long-term interest rates. Also, for better or worse, IMF loans at least stabilize countries -- which is why many of the countries that used BRI loans may be forced to go to the IMF. The BRI "loans" are debt traps -- and because the money has no oversight, a lot of it was siphoned off by crooks in the country.
These so call country don't have to agree to the IMF funds. No one hold a gun to their heads and make them sign anything. They are free to borrow money from other source like China.
Sri Lanka is failing due to IMF and world bank loans
@@simonetole3506 How so? Explain your "logic." Sri Lanka is in the position it's in because a corrupt leader took out billions in BRI loans and built an airport in a location where there were no people. Sri Lanka then defaulted. How is that due to the IMF and World Bank?
@@dvbernard ok, we all know about Sri Lanka, do you have any other example.
Sounds strange you still believe IMF after it has failed nearly all the investment but not Chinese loans when it only failed in Sri Lanka.😂
DW should interview Cyrus Janssen and discuss this topic with him.
They certainly don't want to kill themselves 😂😂😂
He would eviscerate their narrative.
DW works for Germany, and Germany is US's puppet, so DW will never interview Cyrus Janssen or Jeffrey Sachs.
@@directxxxx71 😂😂
Cyrus is a foreign agent for CCP and trash
China and the west (US led) are two different entities with two different agendas. China wants to build smooth trade in the world and west wants control of the world. A world that trades together is a free world and is a strong world. This is a threat to the US coz a free world that is strong, cannot be controlled by one country or a group of them. The system of the US and friends needs one dominent economy where others follow and take orders from the superpower. However, that US and "allies" mentality seems to be falling out of favor lately since the US seems to be using its power to supress growth of other countries that threatens its dominance. Most countries prefer china's external democracy and dictatorship domestically than the US's dictatorship externally and democracy domestically.
So true but many people could see it
You currently live in the era of the most open international trade ever where China was able to become the world's factory and yet still unironically wrote that.
"China wants to build smooth trade"? No. The purpose of the BRI is to create a Chinese sphere of influence where China would literally be in control of strategic ports all around the world. BRI loans literally have provisions in them to take over infrastructure. As shady as the IMF and World Bank has been, even they have never taken over local countries' property.
No. China wants to control the world much as the U.S
Every country is basically on their side and will work on based on their benefits.
Why do you think china is any different ?
well said
The figures showed that Italy 🇮🇹 was earning millions from the one Belt road.
The US regime must have influenced Italy's regime.
Italy has just destroyed the main source of income. Wow!
Precisely.
Wow they completely invented this story
❤Precisely well said and well OBSERVED.
China does not have 2 million homeless on the streets and 10 million living in cars even with population 1,4 billion 4 times larger than USA
that is a lie. you have to watch videos posted by everyday Chinese of the amount of homelessness currently affecting china. remember xi wants the world to think there are no issues in china but his people are starting to show the real issues. probably you need to watch china insight or china update or leis real talk. you seem to be a clown
They have way more than that last time this happened they had 10’s of millions of people in China died from Starvation forget homelessness lol they are going to be lucky to be homeless.
Once again that’s not happening bot. Google humanitarian aid by country. The top 30 countries are the the ones that have food to give. Google humanitarian aid you will see. Where is Russia and China??! Not in top 30 why? Because they can’t even feed there own people. China’s food shortage has already started. No country will want to do business with a country in turmoil that can’t feed its population.
USA is a corporatocracy not a democracy lol. Policies are controlled by big corporations and not by people.
There are 600 million people in China that live in absolute poverty according to worldbank standards. There a way poorer than any homeless in the US and will never be able to afford a car to sleep in.
West spent much of the debts in wars but china invested in assets. That's the difference
Which wars would those be?
…….You mean like real estate developments
Negative assets. Their builds keep physically falling apart, don't get as much actual use as expected, and are much more expensive to maintain than was promised.
Evergrande ...
@@mutkaluikkunen3926 ukraine, iraq, Afghanistan and so on🥱
Oh yeah, let the money printer work full time and then start increasing interest rate very high very fast. Finally blame the Chinese.😅
Even the countries which were not involved in BRI have liquidity crunch because of the reserve currency doing funny things.
you hit the point
Wonder why China's best friend Pakistan is desperately begging the IMF for a loan!
Imf and the world bank is really the worst debt trap
Absolutely CORRECT
Why rethinking? West said it is detb trap from beginning, no?
west: debt trap worse than war trap
Imf debt trap or China debt trap who has trapped more countries? Clearly the imf
West rethinks about the belt and road debt and decided to increase the interest rate to crush the poor countries’ economy.
That would create depression in West and rage in markets. It's political suicide to try that. 😂😂
Don't see any downside to the whole world for BRI, except those fearing of China(Or fearing of new competitors).
😂
@@pabloleal9638 🤡🤡🤡
How about an agressive dictatorship which wants to grab everything it can? China is an enemy and needs to be dealt as one.
You should take a look at some of the countries China has lent to. Most of their GDP is going to pay back huge Chinese loans, leaving no money left for social programs or government functions. Inflation has skyrocketed. Pakistan is a good example.
Probably because you're not in charge of keeping Chinese loan sharks off of your property.
China politicians are working very hard on One Belt One Road .
The US politicians are working very hard on One Bomb One Road .
Wonder why China's best friend Pakistan is desperately begging the IMF for a loan!
❤exactly
What is the progress of Build Back Better World (B3W) proposed by G7 in 2021, which should be the better choice than BRI?
the progress of build back better is currently the reason why the bri is stalling. b3w does not need to be announced everyday, but the actors behind closed doors are doing just that. as the Americans say, it's all about competition
Lip service and PPT work.
@@antixocialmanwhat progress can you share ?
@@white69cracker if there was no progress china would not be wolfing. figure that out
@@antixocialman still can't find any progress
The world is more concerned about whether US will default on its debt or not. Last time I checked China forgave most of Africa’s debt. Something the IMF never did.
china had no choice because it was pressured by the west to do this. their loans are for projects that do not benefit the local people. china is the one who need to manage this and no one else. also them blaming the imf is nonsense. the debt the countries build time are over a long period of time and they can refinance their loans. unlike china they cannot and the loan is very new. that is the bad part none of you wish to address
@@antixocialman I never saw China doing or not doing something out of pressure from the west.
From Financial Times : "Ghana owes about $5.4bn to lender nations, according to the IMF, including about $1.9bn to China. But its debts to commercial creditors are much larger, at about $15bn, including roughly $13bn owed to holders of its eurobonds."
Who are the other lender nations? why i cant find any data? and what does eurobonds mean?
China does NOTHING without purpose. They forgave debt in exchange for geo-political favors, usually for military purposes.
@@antixocialmanchina has more leverage on west than west has on china
5:00 perhaps they don't see it as a "bad loan" or the conditions are actually quite good. Free market right? Why didn't they go to the imf?
It's going to be a cheap plastic belt, and a dirt road with potholes.
If I were US/European, I would rather ponder my sinking ship than talking /smear other people business
You are funny. You must be a clown?
The West has better damage control. Not so salvageable are PRC-built toppling bridges, cracked dams, and leaking tunnels.
❤exactly
I found most discussion on BRI to be very general and vague. For example, they never discuss how much China had proposed to invest in Italy and how it could benefit the Italians. So the only logical conclusion that I can draw from these seemingly smart debates is that the US and Co doesn't want BRI to be successful because it sees China as a potential rival, which is fair enough on a macro level. On the other hand, if China is losing tons of money through its investment in BRI, why wouldn't you want them to continue? The logic doesn't seem to add up somehow. Why would you want to stop a potential rival from making bad investments?
Because even though it is terrible for them economically, it is great for them militaristically. China will take economic hits to get military power around the world.
The point of mentioning the debt is to indicate that it isn't great for the countries themselves who are part of the BRI.
@@hazzsin3579 ah yes. the railroad we spend money on to be build in africa is not paying off. but the railroad has immense military potential. how?
Good question.
OBOR is just a political facade for Nepotism. The Guest Speaker mentions this several times but with examples:
Lack of transparancy especially in CA.
No clear boundaries what OBOR is.
Investments from CCP in exchange for ' possible' votes on International Level.
Geo-political prestige as it justifies successing (facade) the millenia old Silk Road with the OBOR.
Italy has been used as an example for a G7 Country but clearly there is not much literature about this, why? Lack of transparancy again.
CCP only uses the OBOR to create loan leverage to have more influence in the Region and possible trade hubs, just like Italy but also Pakistan. So, not only is the CCP tactically ' binding ' countries with debt, it is also making sure the HOS (head of state) is loyal to the Chines plan (see Sri Lanka). So its only after 10 years of Silence, lack of transparancy, lack of information etc. what experts can see what the effects are. Again, because the OBOR is not defined specifically, any investment project can be used to mask nepotism with a presige project binding the local bridge or port to the (and this is how it is sold) the ' marvelous OBOR, succesor of the SILK ROAD' (BIG DEAL, BIG DEAL). Its political as Foreign politicians can use these grand plans to sell their political positions and remain in power. They are therefore linked with the grand investments and (this is how they sell it: work on the country with this Chinese Investement).
I did my exam project on this topic in 2016-2017. Back then there was even less information about this topic. Now, only a few (trustworthy) literature is there, all the other is just emperical, practical information about the development of investments/ infrastructure. I found a list of all the so called ' OBOR' investments in all the countries and its pretty long. Even in countries that were never part of the OLD SILK ROAD. So clearly, the OBOR is not really here to be cooperative, its a facade for Chinese death loans.
@@Alexa-hh8so Transport of equipment between bases...
@@hazzsin3579 ah yes all the Chinese bases in Africa. Are u lost?
The guest speaker is absolutely correct in stating that China's BRI is not just all about return on investments (ROI). The BRI also heavily focuses on geopolitical reasons. So far, China had already invested more than a trillion dollars in many developing countries' infrastructures with the hope to help become more affluent. Not all these countries will do bad economically at the same time, just like holding on to a portfolio of stocks. Some stocks will do good, and some will perform badly. However, investors in the stock markets generally realize gains on average and over a long-term period.
The BRI is not equivalent to holding a portfolio. Every BRI loan is paid for at the time of being granted. The projects involve Chinese workers and contractors, so the spending gets channeled into China while an infrastructure is created abroad. Then, the loan carries a high interest of 3-5% compared to global lenders lending at 0-1%. If the country fails to pay, then there's either resource grab in the form of transfer of ownership of the infrastructure, or quid-pro-quo support of the country for China in the UN. Win-win for Beijing.
Main reason: debt trapping
Agree. China has become more risk-averse now after getting so many debt defaults from local governments by taking over ports or infrastructure. It is losing money now. China doesn't want to invest anymore in risky places and wants to hold "stocks" of better return on investment now like maybe SE Asia. Over time, these should pay off for China after a decade or two if all these regions are connected through BRI.
China just pledged billion in Central Asia and Pakistan.. and your master G7 keep stuffing up weapons in lamb chopped Ukraine.. you sound either funny or sarcastic
I remember when the first trans Siberia Chinese cargo train arrived German, everyone is so happy and praise belt and road initiative. Just 2 years later, everyone in Europe frown up on when it comes to relationship with China, some outright seeing the country as an enemy.
They should be told how much money their companies such as VW, BASF, Siemens, BMW, Daimler and 100s more are making in China and supporting jobs back in Germany.
The us will tell germany to hate China 😅
@@k.k.c8670 They are not really supporting jobs in Germany.
Most things made in China by western companies stay there. just like the money. also you need a Chinese partner to open a factory there.
Vw sells 40% of all its cars to China and derives 50% of its global profits from that market. Those are published facts as a public company. BASf isn't far behind in terms of numbers. Money is repatriated to the HQ when it sees fit, as is common practice for multinationals
@@vladnickul They are making money in China but not re-export to Europe (it doesnt affect much on European job). Due to proximity the relationship between China and Europe are different from US, the freight train are served as two way trading.
Why this host don’t ask these countries how much they owe to IMF world bank private lenders mostly western nations n Japan ?? Instead of picking on Chinese loan
The Ukraine Russian war has greatly caused so much suffering to gas deprived G7 countries.
9/10 of the countries with the most debt are from NATO countries or allies.
Source: List of countries by external debt
United States: 31 trillion
United Kingdom: 8.73 trillion
France: 7.04 trillion
Germany: 6.46 trillion
Japan: 4.36 trillion
Canada: 3.23 trillion
China: 2.64 trillion
Spain: 2.26 trillion
Australia: 1.83 trillion
Just to clarify :
Just to clarify for the Europeans. A European Trillion is a much larger number. The us Trillion is 10to12 potens, the EU trillion is 10to18 potens
A European would read the numbers and understand it like this :
United Kingdom: 8730 billion
France: 7040 Billion
Germany: 6460 Billion
Japan: 4360 Billion
Canada: 3230 Billion
China: 2640 Billion
Spain: 2260 Billion
Australia: 1830 Billion
Logically, the largest economies would have the largest debt. It is not the amount the matter, it's the percentage of debt relative to the nation's economic output.
@@CantHandleThisCanYa I´m just telling the European audience - This is the way we all understand figures that are presented, for example national debt in our news outlets. And the difference between a U.S. Trillion and EU trillion is vast.
Its has become somewhat of a problem in the social media in the EU, as we consume more info from american news outlets ,blogs and YT
The difference is that these countries can actually pay their debts. China has way more debt and their economy is collapsing. They have been pumping up their GDP by building ghost cities and bridges to nowhere using debt. Now they have all this useless garbage that isn't bringing them any returns on their investment.
I don't see a lot of report about the US Dept
Because it doesnt matter at all, we hear the same story about dead dollar and USA collapse since 1990.
@@marpl6063 Since Nixon took the USD off the gold standard people have been predicting the end of the Dollar. Yet were still waiting.
What's the rethink? The West and DW have constantly criticised it, and now claims a rethink by criticising it even further.
😂😂
The west did rethink about Nordstream. We could see what happened.
The rethink is, no more dependency from any dictatorial regime. We can have business, we can trade, but China is not a systemic partner.
@@krollpeter Countries have interests, but no systematic partners.
@@krollpeter you like it or not, you don’t have a choice. China is the only partner
Nice analysis
Winnie the pooh ruins everything
Who owns the most debt in these belt and road countries. It is not China by far.
Wow, China's power economy is spreading to all world. I like how they present the implications.
3:45 Skepticism scepticism
BRI helps underdeveloped countries to build their infrastructure, develops their economies and improves their people’s living standards.
It's a chance for any connected country. But the US is not.
😂
If you believe that, I have a bridge to nowhere to sell you 😂
@@pabloleal9638 bridge is nothing. You know how to build bridges ？
A bridge to nowhere is a project aimed at useless fund spending or money laundering with minor or negligible public usefulness and the BRI is full of bridges to nowhere
An interesting and intelligent lady. thank you
Just a fakeade
why should the international community be responsible for depth defaults?
It will of course have to fix them though.
Very good insights!
Thank you!
Sometimes they have to, because some infrastructure should not fall into Chinese hands.
@@krollpeter hahaha.. hahaha.. hahaha.. Why the West is so scared of "Chinese-hand"???
@@krollpeter Imagine if the West was actually able to help poor countries. West never cared until China rose too quickly.
@@krollpeter why?
@@universitytowers Either milatery significance, national security or soft power over a nation. Owing infrastructure provides the CCP the leverage needed to coerce nations into their bidding, this can be either to increase the international trading of the yuan, so exaggerate its usage. Or in the case of Pakistan, turning off the nuclear reactors purging massive areas into darkness until the Pakistani government paid their loan payments. Pakistan has also been having issues with IMF negotiation due to China not willing to change the terms of the debt (not too sure about this one)
For the military/economical aspect it provides another route for goods not owned or dominated by Western holders, so in cases if China invades Taiwan, Western sanction may not be that effective.
The west is harping on the debt issue of the developing countries. But the west is very happen to lend these countries money . The amount of debt that these developing countries had borrow incurred a Hugh interest payment which is kept in silence.
Without infrastructure development these developing countries cannot bring their goods and resources economically to EARN cash.
Western loans ask for lower interest rates and are more willing to be renegotiated. China by comparison is a predatory subprime loan shark who want their money back, even when their overall numbers are lower than the Western ones already taken.
It doesn't help the BRI recipients don't get the productive human capital development they expected either, since so much of even the most menial tasks are done by imported Chinese workers.
Wonder why China's best friend Pakistan is desperately begging the IMF for a loan!
Absolutely CORRECT and true ❤
Francesca Ghiretti has contradicted herself on a few occasions. For example, in a 2019 article for The Guardian, she argued that the Belt and Road Initiative (BRI) was a "win-win" for both China and its partners. However, in a 2020 article for The Diplomat, she argued that the BRI was a "tool of Chinese hegemony."
Ghiretti has also contradicted herself on the issue of China's human rights record. In a 2018 article for The Financial Times, she argued that China's human rights record was "improving." However, in a 2021 article for The Diplomat, she argued that China's human rights record was "deteriorating."
US native said: white forked tongue
And The Financial Times is a credible source according to you ? 😂
@@Harlock2day Credible source for what exactly? I’m talking about her contradictions herself on several occasions, and to answer your questions, no she’s not a credible source, and also the Financial Times isn’t since it’s funded by a Japanese media company and the Japanese are vavasour of the US. But also this is an opinion, doesn’t matter credible or not, it’s an opinion that is flawed and biased
Jealous😂😂😂 Of course, a 18 trillion and second ranking GDP country strategy is not understood by DW and his followers.
The International Monetary Fund (IMF) has pushed Argentina to an economic collapse by imposing harsh austerity measures on the country. These measures, which include cuts to public spending and increases in taxes, have led to a sharp decline in living standards and a rise in poverty.
The IMF's involvement in Argentina's economy dates back to the 1950s. Since then, the IMF has provided Argentina with billions of dollars in loans, often with strict conditions attached. These conditions have often been blamed for exacerbating Argentina's economic problems.
In 2018, the IMF approved a $57 billion loan to Argentina. This loan was conditional on a number of austerity measures, including cuts to public spending and increases in taxes. The IMF argued that these measures were necessary to reduce Argentina's budget deficit and restore economic growth.
However, the austerity measures have had a devastating impact on the Argentine economy. They have led to a sharp decline in living standards, a rise in poverty, and an increase in social unrest. In addition, the austerity measures have failed to restore economic growth.
As a result of the IMF's involvement, Argentina is now facing its worst economic crisis in decades. The country is in recession, inflation is soaring, and the peso has lost half of its value. The IMF's policies have pushed Argentina to the brink of economic collapse.
Here are some of the specific ways in which the IMF has pushed Argentina to an economic collapse:
The IMF has imposed harsh austerity measures on Argentina, which have led to a sharp decline in living standards and a rise in poverty.
The IMF has failed to provide Argentina with the economic support it needs to recover from its crisis.
The IMF has imposed conditions on its loans to Argentina that have made it difficult for the country to repay its debts.
The IMF has failed to take into account the social and political consequences of its policies in Argentina.
The IMF's involvement in Argentina's economy has been a disaster for the country. The IMF's policies have pushed Argentina to the brink of economic collapse and have made it even more difficult for the country to recover.
At this point I'm more surprised any entity even considers lending any money to countries like Argentina.
Just let them reap what they sow
Why did Argentina have to borrow such large amounts in the first place? They accepted the conditions of these loans as well. China can bail Argentina out and do you think their conditions will be more favourable?
Let's get this one thing straight here, Argentina has always faced economic issues they are the ones that turned to the IMF and most IMF loans have stipulations to help stabalize the country's economy, the IMF cannot to do this alone the country itself must be willing. Argentina has chosen policies that are not beneficial for he country, ffs they were even talking about damn bitcoin!
So i repeate Argentina has a history of economic challenges, and it is ultimately the responsibility of the country to implement policies that promote stability and economic growth. The IMF provides financial assistance and technical expertise to support countries in addressing their economic issues, but the success of these interventions also depends on the cooperation and commitment of the borrowing country.
The conditions attached to IMF loans are often aimed at promoting fiscal discipline, structural reforms, and sustainable economic policies. The IMF encourages countries to adopt measures that can help stabilize their economies, reduce fiscal imbalances, and foster long-term growth.
Who is the mastermind of IMF?
Argentina is debt trapped by US.
@@GoGoPooerRangers Let's get this one thing straight here, Pakistan, Sri Lanka and all these countries that have been put into the victimhood of 'debt trap diplomacy' have always faced economic issues they are the ones that turned to China and most Chinese loans have stipulations to help stabalize the country's economy, the Chinese cannot to do this alone the country itself must be willing. 'debt trapped countries' have chosen policies that are not beneficial for he country.
Debt fears?! IMF and world bank 😂😂
Bigger worry for West should be that three failed US banks had more assets combined than all the failed banks at the height of the 2008 crisis combined, there is just no way US can escape what is heading its way this time. Asia has left Europe and America, so much behind in developmet it can not see them from afar anymore and America? which went practically back to being developing World/ Wild Wild West
what you speak is nonsense. but it is from an outward point of view and an anti-west / US point of view.
Ok bot. Banks fail that’s what happens in a free market. China doesn’t let their banks fail and posts false numbers and makes their own people pay for the mistakes. That also gives their population no purchasing power and it makes China’s financial bubble get bigger and bigger and when it bursts it will be gigantic, something the ccp can’t recover from. And it will burst there is no way around the hole the ccp has dug for China. Pakistan is just a symptom of this happening.
If the US economy collapse, the whole world will be in turmoil economically
Banks fail every year, this is a non issue.
@@foilhat1138 Small banks fail every year. There are banks that have been around for hundreds of years and are still going.
Let's go to Africa and Asia and South America and ask the people China and the west, who do they like ?
South America has wasted so much American money, but those relationships are critical for the US. We still behave like a colony in some ways
AFRICANS DON'T LIKE ANY OF THEM!!! They are more willing to deal with South Americans though.
Bri is moreakin to predatory lending practices.
Thankfully, Italy saved its people from huge debt by exiting BRI.
Good reporting. Go Ukraine. That information needs to be understood in Africa before they get involved.
Europeans live in the European point of view. There are many successes and failures in the Belt and Road Initiative, and Europeans will only see the failures. But like successful cases, the China-Laos Railway will not be seen, and Europeans don’t even know about Laos Where, two days ago in Beijing and the summit meeting of the five Central Asian countries, how much Kyrgyzsia needs it. The same Europeans can’t see the China Kyrgyzstan Uzbekistan Railway because most Europeans don’t know and don’t care what Kyrgyzsia needs. These countries need Substantial investment, not European speech.
Glad that you brought up Central Asia topic. One example of how alienating the western perspective to the local society: around the same time of the Central Asia - China summit, there was EBRD (European Bank for Reconstruction and Development) annual meeting in Samarkand, Uzbekistan with one economics professor commented that the host country needs a new economic approach that includes the LGBTQ+ community.
Before watching Indian media, I have no idea the importance of BRI. After watching their thorough analysis, I never know it is like playing a board game, where the board is the world map. Due to the fact that there are heavy activities of US military presents in the entire pacific, the bad geographic location of China is pretty much surrounded (or sea-locked) by the adversarial forces next to its waters. This also includes trade routes. Although at peaceful time, nothing will happen, but when tension arises, no one can guarantee. The Indian media mentioned that all China's port are on the east side of the Eurasia Continent, hence a large portion of their trade must go through Malacca Strait. This means China is super vulnerable should US decides to block that region, this is why India is such a vital piece on the world map for the US' blockade.
This is why BRI plays an essential role, as one of the reason is that China is trying to circumvent this situation. This media had named four locations on the Indian Ocean, namely: Myanmar, Sri Lanka, Pakistan and Horn of Africa. This is why China needed to gain access to these 4 pts. They had also said that China will leverage the debt situation by giving concessions to the local country so that the bi-lateral trade will be made using the local currencies skipping US dollars and hence moving slowly away from the dollars. (Although countries like Pakistan and Myanmar are both no longer stable anymore, sounds fishy). The media then had said about rare earth metal, EVs (battery tech) and solar panel monopoly. Although Xi may have foreseen this 10 years ago, but he still missed techs like micro-chips.
Pakistan and Myanmar has always been that way. China is of strong opinion that better economy provides more stability than political ideology. Thats why they still invest in them, to help uplift their economies. On the other hand, US invests in espionage to topple governments.
Also Russia have (officially) billions in India's banks! Its currently stuck there as only China will take it for a large fee! Lavrov. "India wants to eat the cake and have it" 2023.
@@aussiecomrade5972 noo, China is "investing" on those country to keep it unstable. China lend money to those country with high interest rate that they can't pay it back... China is acting like a loan Shark. And these country can't even benefit from the jobs the construction of the belt and road since China employ Chinese to cuntruct them.
Regarding the search for connecting routes with the West, China seems to be in sync with Russia to create the route through the Arctic. Rgds
stop all projects from China. All infrastructure from US and India. Make America Great Again
Could you please also keep an eye on the story about China using Mexico to fire the American drug crisis by flushing fentanyl into the country, which has just surfaced? This would be an interesting development.
China 'using Mexico'? Don't you think the Mexican cartels know what they are doing and are simply importing raw materials from China, many of which are not exclusive to making Fentanyl?
China's opium war revenge or US's villain's evil imagination of it?
Fentanyl was approved for medical use in the United States in 1968. But why is fentanyl now a drug in the United States?
Perhaps the biggest problem is that Americans are too rich and idle to panic. Even if Americans don’t eat fentanyl, they will eat heroin or marijuana, or others
Besides, it's better to take more time to investigate carefully rather than typing away, which is always the biggest problem with the drug epidemic in the United States, it always shirks the responsibility for its own problems.
the correct news is>
The President of Mexico pushed the drug issue to the ground, but the local military and police recently seized dozens of medium and large fentanyl drug manufacturing factories in Sinaloa State (Sinaloa), and slapped the President severely.
In Latin America nobody was interested in fentanyl. This drug is nothing new to us. Not in Mexico or Brazil or Colombia. Why are you Americans so obsessed with drugs? Is it lack of God, of family values? Too much war?
@@jeckjeck3119 the US did in stealth mode. Vast swathe of New England was built with opium money. Forbes and Perkins families of Boston were drug dealers.
The Bait and Rob project😂😂
Lol ikr 😂
Better to have BRI rather than waiting the Western Countries come to invest in your country, trust me.
Nearly half of American adults say they are concerned about the safety of the money they keep in banks, according to a Gallup poll released on Thursday. Gallup said 48% of US adults say they are concerned about the money they have in banks and other financial institutions, including 19% who are “very” worried.4 May 2023
Another bot. China keeps stealing money from its people. Chinese people do not trust their banks at all so why should foreigners invest. When banks are controlled by an authoritarian government no one is going to want to do business. The ccp has taken money from billionaires. The more the ccp takes control of China the more investment and money moves out of China. 😊
Behold the Chinese bot - trying to deflect by bringing up unrelated matters.
This is the repetitive boring topic. The world needs more countries and organizations that can provide loans to support development. But if the Germans feel that China's is not good, what does Germany offer as an alternative?
The borrowers are not fools, But of course the lender also has to make a profit. Why don't the Germans bring your menu, take actions instead of blabla sow discord, or just follow the baton of the United States, turning over and over those few topics.
Germany could start with Sri Lanka's complaints!
that the average interest rate on dollar-denominated international sovereign bonds (ISB) or Eurobonds borrowed from international capital markets was as high as 6.9%, leading to an increase in its business borrowing. As of the end of 2021, Sri Lanka's ISB reached US$13 billion, accounting for about 35% of the government's total external debt. In 2021 alone, the government will repay $1 billion in principal and $934 million in interest on Eurobonds. These repayments account for about 47.5% of the government's external debt service in 2021.
Western alternatives aren't as attractive because they often demand improvements to governance. "No-strings attached" Chinese ones still have room for the politicians to skim from.
Wonder why China's best friend Pakistan is desperately begging the IMF for a loan!
The debt crisis was caused by US irresponsible interest rate policy. Dump USD, the problem solved.
What about the Belt & Road Initiative / agreement between China and Germany? Look at Duisburg (or Duisport) - I have not heard any discussions about that? Why not?
Using some behind method to change CN GOV is better than boycott them.
Trillion dollar infrastructures or trillion dollar US debts?
Or 2 trillion dollars war spent on war in Afghanistan?
It was always meant to simply make a lot of people dependent on China. That is the primary purpose of the B&I initiative!
Imagine a land locked country such as Laos or countries in central Asia, a railroad would lift their economies entirely. It is already happening. Everybody benefits from it, except US and allies who do not want to see the world move forward and leave them behind.
@@JCarterme3531 Debt traps would only benefit ccp china.
You don't see the CCP investing in Yemen, Syria, Hattie, because they haven't found valuable natural resources yet.
I believe DW did a documentary on how the Saudi building houses, schools etc in Yemen. This investment helps influence parts of Yemen, and they don't have to seek asylum in Saudi. What a strategy.
it is "mutual dependent", china is also dependent on trading partners
this reduces the cost to acquire desired products from both sides
at the end we call this MUTUTAL BENEFIT
"a lot of people dependent on China" yes this is true, but China dependent on a lot of people too
this is really primary purpose of the BRI, china govt is telling about this since the beginning,
"mutual benefit" requires mutual dependent on both sides at the same time
dont be hypocrite
That and securing vital resources in poor countries. Chinese companies are striking lucrative deals with African corrupt governments while the average African citizen get mowed down.
This guest has no idea of what is going to happen with BRI initiatives going forward. She keeps relying on "narrative" answers that don't answer the questions.
"its a trap" comes to mind.
Germtzi doesn't have good words
Road and belt initiative is the modern great wall of china
The Chinese should rename their initiative for what it is. Belt and Shackles. Or maybe ball and chain initiative.
One belt one bomb: Joe Biden announced 600billions bombs on behalf of G7.
The west prefers bombing the world, building more militaries around the world, selling more weapons to the world, as opposed to promoting trade and building more infrastructures for the world. They don’t want Central Asia, Africa, and South America to grow at all. After all, the slave owners mentality still is there.
That's been debunked enough times that you look foolish.
Ahh, the benevolent West worried about Africa. Have they asked African people if they are unhappy about Chinese loans?
Economy is driven by infrastructure. You can save money for years, or have down payments and apply for loan to build today. The challenge to the western is the 3rd world has options today.
Economy is fuelled by energy and it's getting scarce. They're building ruins.
It's not the people in Europe. The US fears the loss of the petro dollar and it's influence of the rest of the world. The governments in Europe are vassals of the US and don't work fo the well being of their own people.
they are known for wise investments and successful economic and social campaigns like the great leap forward and the cultural revolution
30 million Chinese starved, largely due to the US calling on its allies to sanction any country who doing business with China after the Korean War. The GLF and CR are reactions to the sanction, different from today.
You're dated. But still want to whip the dead body of MAO???
The great leap forward excacerbated a famine,but it was ultimately the US embargo that caused the deaths of tens of millions of innocent civilians. The US also implemented a disastrous policy that that cause the great Dust Bowl Famine. Lucky for us, no one embargoed us, or millions would have died.
how carefully thEy avoided the words DEBT TRAP !!!!!
“again is geopolitical”
🤓 🤣
What can you do to stop China's belt and road? Please take an action to help these poor country!
As direct and open as you dare to be about China's attempt to in a subtle way colonise the world. It's investments are about leverage and positioning for the future. Thank you
Yep but it’s failing. Everyone that was investing in China is getting out of China and they have screwed the countries that they are building the belt and road in this giant debt trap.
China has not invaded or bombed other countries for the last 45 years. The same can not be said about USA. They have been doing endless wars and occupations since WW 2
Colonise the world? Like the Europeans?
Colonise with opium, slave trade or bombing? Or manipulate regimes, pharmaceuticals, food sources like seeds to plant? Oh right, those are fine to you as long it’s the west controls the world
END OF WESTERN COLONIALISM!
And then every nation will be held hostage
Smae old anti Chinese bla bla bla 😂
So far, we have not hear from nations owing money said they cannot pay up
God finally open His eyes and make Uncle Sam a bankrupt entity.🙏🙏🙏👌
Uncle sam is bankrupt since 1990 and USA is still biggest player...surprise,surprise.
Same here. It is that China rushed to internationalize the RMB.
It's not evil in itself, if China wants to compete I have no problem. The west in general needs to be conscious of our supply chain, even in peace time
It's right time to relocate production from China to eastern european countries with lower production cost. Sooner or later it will be similar problem just like russian oil or gas.
You should say thank you to Joe Biden decision to bomb Nord Stream pipelines.
Many factories closed down and relocating to US because energy is expensive in Europe now. Joe Biden knows how to export risks, geopolitical tensions, war addiction and deindustrialized Germany. This is done to salami leeching and draining off Germany industrial strength.
In contrast, China exports infrastructure, trades, culture and investments.
Or just relocate to Ukraine after the SMO/ War is over because if you look at all of Zelensky's reforms, Ukraine makes it very difficult for unions to function for the interests of workers. You then have the economic reforms to turn Ukraine into a neo-liberal paradise.
@@jesusaguilar4585 ukraine is just one of many options for west. Dont be so pessimistic ;)
@@marpl6063 The Ukrainian option is not for the benefit of Ukrainian workers. Rather for business interests. Take into consideration the culture of orruption that's well documented throughout the history of post-Soviet Ukraine and even during the current SMO/War.
@@jesusaguilar4585 Ukraine is the same story like Czechia,Poland,Romania or lithuania in 1990, there was many problems when it comes to corruption nad mafia. They solved their problems and there will be no difference when it comes to Ukraine. They just need time.
*China🇨🇳 have border disputes with Taiwan, Tajikistan, Pakistan, India, Bhutan, Japan, Vietnam, Philippines.*
make border agreement & keep peace!
China has not invaded or bombed other countries for the last 45 years. The same can not be said about USA. They have been doing endless wars and occupations since WW 2
China has no dispute on land except India and its satellite state Bhutan,😂
@@billshi6005 9 dash line no longer exists then?
The west prefers bombing the world, building more militaries around the world, selling more weapons to the world, as opposed to promoting trade and building more infrastructures for the world. They don’t want Central Asia, Africa, and South America to grow at all. After all, the slave owners mentality still is there.
and I dare say it will trigger the 3rd world war as it did the first 2
The dumbing down on westerners are really spectacular... wll done western media and so called experts... they have eyes but can't see, ears that can't hear... well done... carry on 🤣 🤣
@Francesca Ghiretti: good luck with the renovation! 🙂
Hopefully DW News English payed her good money for almost all of 18:39 “again is geopolitical”
Probably, China says honey 🍯 that is your lost and more importantly your citizens lost!!! Democracy system is supposed to make your citizen's life better and happier....
1 bioweapon and a few years later and our brightest and best are just figuring out it might not be a good idea lol
Break and Ruin Initiative
Capitalists seem to be losing control?
please learn to mute the interviewer. asmr is very annoying when your trying to pay attention.
Still thinking? Lol scare of its own shadow?
Chinas belt and road initiativ won't stop before China does not experience a huge economical downturn and investments show no return. Aslong China can afford it they will press on.That also has some merit from their perspectiv just because these infrastructure investments are acting like an attractor equally for their own industry as that of others bordering that renewed silkroad. The most we can hope for is to slow the progress down, which might be enough time to strengthen our own production capabilities within europe which if anything should be the goal now.
One thing that to my knowledge has not been adequately adressed is not just the economical but possible military power projection due to the belt and road initiativ. How much troops and gear in what time to what place could now be transported in comparison to before. Have military bases been established along those new roads and railways or is it forseeable that they would and if so what would their most likely locations be? Which nations are therefor particularly threatened? I would assume not just the once the railways and roads are going through but also neighbouring states. Any economical foundation is also always a military foundation.
@@KLRH23 crazy why?
Offcause they have different philosophies, america projects its military power over the world with over a thousand military bases world wide on small islands to rented space in nations they have treaties with.
Meanwhile China just wants the *chinese* sea as their own backyard and with strings of pearls and belt and road have stable and protected trade routes.
" their military is not prepared or capable of direct confrontation but more indirect."
Where do you get this from? Taiwan, Japan and even the Philipines may have a different outlook here i would think aswell Tibet if it wouldn't have been annexed by China.
Meanwhile their economy is churning out and iterating their aircraft carriers. They are not as formidable as the once the US produces, but they also don't have to be yet as their supply lines are shorter. They sure haven't been in as many conflicts as the US and therefor we don't even know fully about their capabilities. But better to overestimate then to underestimate those i would think.
Good luck. With russia cheap energy eu are nothing
Don't worry! In war time, these bridge and rails can be easily destroyed
@@kinngrimm china BRI only ahs relation with countries that agree on. those who dont join dont have any right to intercept.
@calvin wu BRI may start out as business co-operation between countries, but the CCP has a long-term goal to dominate the world in both economics and militarily. Look at what is happening in the South China Sea. It started out as, oh, we're just building up to help our fishermen shelter from storms. Then it was, oh, we're just built up for civilian use. Then, finally, they installed military equipment, missiles, and radars. Who is going to believe the CCP? The final goal of the CCP is to copy the US base building. This is the only way the CCP can project its power and dominate the world. Having many bases around the world helps to fuel ships, restock ammunition, and repairs. In the event of war, you could move military assets quickly. So, having many bases means having a long arm.
That map in the background needs a rework. Cuba & Florida don’t exist, Saudi Arabia is connected to Africa. I was trying to see if Italy exists but the announcer’s head is in the way.
You speak as though defaulting is a problem for China. That’s the goal. When countries default, certain infrastructure or mining rights are forfeited to China in lieu of payment. Which is exactly how corporate take over is supposed to work. Once China owns that infrastructure they recoup their losses through use of said infrastructure. Win win. The initiative is designed for world domination, through thousands of small investments, it’s not about small returns on small investments.
Metaphoric: The man interested in 1 of your heirloom which you don't sell. He brought u to gambling den n convinced to give hefty sum credits to you, using the heirloom as mortgage.
planning going to Mars...we still can't even transmit proper audio...or effectively cure a commom cold....and then we are afraid of AI....