I was just about to write that. Sri Lanka never had the money to repay the loan. The "Debt trap" has already debunked to be bcz of internal corruption of the Rakapaksha family for decades.
The China "debt trap" narrative has been debunked by the British Debt Justice and World Bank data. They found that African countries owe 3x more to Western banks, asset managers and oil traders than to China, and are charged double the interest. 12% of Africa's external debt was owed to China lenders, compared to 35% to Western private creditors. China has since cancelled the debt for 17 African nations.
Love how SCMP don't mention that the Sri Lankan debt was mostly owe to Japan, US. The idea was for them to take out another IMF loan with harsh conditions, while the US takes the port, plus more... However the PRS did the opposite and loaned it to China instead to circumvent taking the 'loan', which was NOT what the US/IMF wanted.
Some facts about China's 🇨🇳 Belt and Road Initiative: - As of January 2023, 151 countries were signed up to the BRI. - Sri Lanka was cited most frequently as an example of China's "debt-trap" diplomacy but, Chinese loan to Sri Lanka is only 10% of its overall debt - At least Chinese loans to Sri Lanka can be seen in the ports, highways, airports, powerplants etc. Projects that would only see returns decades from now. Where were the 90% loans Sri Lanka incurred from the World Bank🇺🇸, IMF🇺🇸, Asian Development Bank🇯🇵 went to?
@@Hkchinese888 fun fact: india don't have the capacity to counter the BRI nor do they have any influence in the global south. Meanwhile china has BRICS SCO RECEP BRI. Indians have cow dung
China is increasingly advanced, in contrast to my country, India, which always has conflicts over religion and caste, so the country is still underdeveloped.
This is what you won't hear mentioned in the US. Those nations involved in the BRI, were tickled pink when BRICS came online over there. Back by gold. Those nations now are developing at a fast rate so the any fixed rate is only going to mean they progress faster. If your economy of your country is growing, how is the big default going to happen? China set it up so the currency is solid, backed by gold, took the hit early for investing in building in all these nations, knowing one day, it's BRICS vs the central banking system. Game Over. When you don't invest a terrible thing happens, nothing.
So what did Europe and America do in Asia and Africa? Have they even built wide highways? Problems in one or two countries justify an entire policy? I think your logic is flawed.@@Peter-be5lo
So what did Europe and America do in Asia and Africa? Have they even built wide highways? Problems in one or two countries justify an entire policy? I think your logic is flawed.@@pieroo7
Lol more like china: border takeover initiative 😏 china: Annoy neighbour initiative china: Cry and mil it ary drill initiative 😂 china: Talk peace but fight all the time initiative
Over the past decade, China has signed documents for the co-building the BRI with over 150 countries and 30 international organizations. A total of more than 3,000 cooperation projects under the initiative has delivered nearly $1 trillion of investment and generated strong growth across partner countries,
The entire analysis of the Belt and Road does not mention the United States. Why did Italy withdraw from the partnership? which countries created the so-called debt trap for developing countries? The report is very incomplete.
BRI is the best thing that has happened to 2nd + 3rd world countries. Italy is withdrawing probably because of pressure from the US, + she will be the president of G7 next year.
I expected a video celebrating the hundreds of infrastructure projects that BRI has completed over the past 10 years in developing countries. Instead, you devolve into the usual Western talking points about the debt trap myth, and the BRI not being "green" or "digital" enough. Get lost with this nonsense.
Some facts about China's 🇨🇳 Belt and Road Initiative: - As of January 2023, 151 countries were signed up to the BRI. - Participating countries include almost 75% of the world's population and account for more than half of the world's GDP. - World Bank have estimated that BRI can boost trade flows in 149 participating countries by 47%, as well as cutting the cost of global trade by 31% to 48% percent, and grow the GDP of Asian, African and Latin American developing countries by an average of 2.6 to 3.9% annually
@@Hkchinese888 Why can't India 🇮🇳 do the same, by building ports in Vietnam🇻🇳, Taiwan🇹🇼, Philippines🇵🇭, Malaysia🇲🇾, Japan🇯🇵 and South Korea🇰🇷? Oh I see, you Indians are still learning how to build bridges 🌉
So what did Europe and America do in Asia and Africa? Have they even built wide highways? Problems in one or two countries justify an entire policy? I think your logic is flawed.
Sri Lanka and Pakistan already been in debt before BRI. They could be worst not for BRI. Malaysia was affected by corruption scandal as well as COVID. They had recovered and revive the BRI project. Italy is USA dog. Needs to obey to their master.
5:44 "As the level of trade with the west falls..." You literally just showed a clip of the Italian Prime Minister saying their partnership actually deepened with China, especially among European countries not even in the BRI.
This report has confirmed my impression on SCMP’s strong anti-China bias, as commented by others viewers, it ignored largely the BRI achievements but focused on often baseless ‘debt trap’ example.
I am not in the camp of people who see the BRI as a 'debt trap'. But that does not mean BRI has been a success. Rather, it is my feeling that many recipients of BRI loans/projects have thought "Let's get the money now, then we'll worry about how to pay them back some other day". But that also means that Chinese creditors (esp. China Exim Bank) have perhaps not always done their due diligence. Some of these loans seem a bit risky. In my opinion, the failure of the Sri Lanka Hambantota Port can be laid squarely on the shoulders of former president Mahinda Rajapaksa, perhaps the most corrupt president ever. He is the one who decided to make a large port in Hambantota, a small town with no industry to speak of. The port was not needed, not in the right place, and not particularly useful, but it did happen to be in Mahinda Rajapaksa's small hometown. There are accusations within Sri Lanka that during his presidency, Mahinda Rajapaksa managed to defraud the country of more than $5 billion and funnel it out of the country. Many officials of his administration are being investigated for graft, fraud and corruption.
@@siamcharm7904 You say low rates. I have read that most loans are considered commercial loans with rates similar to what you see inside China: Around 6%. This is especially the case with loans from Exim Bank.
@@siamcharm7904 are you for real Low rate intrest Go study loans to Nigeria,Laos and Suriname nd Pakistan nd there will be more but I read about these countries loan so I know for sure about your low interest 😂🤪 Nd restructuring please stop that joke . Country like srilanka which is in bankrupt and pleading for loan restructuring for almost year and even India and Japan did restructuring so please stop with your nonsense bucks earning comments.
The China "debt trap" narrative has been debunked by the British Debt Justice and World Bank data. They found that African countries owe 3x more to Western banks, asset managers and oil traders than to China, and are charged double the interest. 12% of Africa's external debt was owed to China lenders, compared to 35% to Western private creditors. China has since cancelled the debt for 17 African nations.
Comparison 1: * AVERAGE number of bombs dropped by America EVERYDAY in foreign lands since the turn of the millennium = 46 * TOTAL number of bombs dropped by China in foreign lands in the last 40 YEARS = 0 Comparison 2: * Number of American military bases outside its territory = 750 * Number of Chinese military bases outside its territory = 1 (in Djibouti for UN mission) Comparison 3: * Distance from Chinese military base to America = 10,000 km * Distance from American military base to China = 0 km (Taiwan is within China) Comparison 4: * In 2020, after pulling out of a 20-year occupation in Afghanistan, America confiscated Afghanistan’s 7 Billion dollar foreign reserves, leaving Afghanistan in desperate short of basic necessities. * In the autumn of 2020, China poured in humanitarian aids to Afghanistan to help Afghans weather the coming winter. Comparison 5: * On 3 Jan 2020, General Qasem Soleimani of Iran, was killed in a drone strike by America, while heading to Baghdad in order to engage in diplomatic discussions aimed to reduce hostility between Iran and Saudi. * On 10th Mar 2023, brokered by China, long time rivals Saudi and Iran reestablished diplomatic ties, marking a new beginning of the two biggest Shia and Sunni countries, bringing peace to the Middle East. Comparison 6: * Laos holds a world record: the most bombed country in the world. 7.7 million tons of explosives were dropped in Laos, by more than 580,000 air missions by the US Airforce on Laos between 1964 and 1973 during the Vietnam War. That’s more than three times the amount of bombs dropped in all theaters of World War II. There are still 80 million bomblets that never went off remain live, buried over 35% of land area of Laos. A staggering 270 million bomblets were dropped in a country with a population of 2.5 million, to carpet a huge buffer zone to prevent weaponries to reach Vietnam. By 1975, 1/10th of Laos population was killed, 1/5th of the population wounded. * Today Laos has a high speed rail system more advanced than American’s, built by China after removing the unexploded bomblets. >> Laos, Syria, Afghanistan, where America destroyed, China goes to build. Comparison 7: After the Sudan war broke out, * The US picked up its embassy personnel using helicopters and left other 15,000 US citizens behind, in a war fermented by neocons like Victoria Nuland. * China sent two warships to take ALL its citizens, 940 Chinese, and 231 foreigners out of Sudan to safety at Jeddah port. And the Chinese embassy staff left last. >>> “China threat” is real. China brings immense embarrassment to the US.
China is the only country that thinks win/win through initiatives like this. Boosting trade for all makes every country thrive economically. The zero sum foreign policies of many western countries end up causing their own destruction.
Can't argue with this. The US needs an initiative like this that can link up the BRI. What chose will the US have? Become more isolated while the rest of the world trades at high speed and volume? With ever increasing nations acquiring wealth and gains. Imo, the US will eventual relent, especially if the dollar or central banking system loses to BRICS.
I assume debt trap is self inflicted. You have an option to choose to partner with the project or deny it. But this project would definitely benefit all of Asia, China has helped many Asian nations in development, showing great improvements.
Well done till you sees italys stagnating Economy and its youth leaving to other EU states for work and migrant issues. But yeah sure it's a big win for Italy. I'm glad Chinese resources aren't wasted in a unreliable partner.
it's NOT a dictatorship, IDIOT. Without knowing you, I can say Definitively that you haven't been to China (or those in BRI) where you'd see the benefits with yr own eyes. The actual REAL debt trap is fm the west IMF/WORLD BANK. That's what ordinary people say! not even me. China is HELPING THE REST OF THE WORLD, particularly the global south....who have SUFFERED INDIGNATION AND RACISM & massive theft (think apartheid, Venezuela's gold, Syrian oil, etc) under the "advanced nations" of the west....who brought NO democracy to those "developing nations" ....but rather ONLY EXPLOIT THEM....=CAPITALISM ( western model).
It's sriS Lanka's fault that they went bankrupt, why did they blame China for it. The port was useful for them, if they don't have the port their condition would be worse because of the bad infrastructure for trades. Indonesia owes a lot of money to China to build their project. So far the benefit have outweighed the risk.
As a Sri Lankan, Sri Lankans never blamed China for it, it's western media that keep saying it's debt trap. We blame the former president for it. He wanted to show growth and construction and win votes but these projects didn't bring in money. Also Sri Lanka already had Colombo port which is more than enough.
most of the west media only tell you part of the story, like "debt-trap", why not give the whole picture, just pick out China, it is only 10% of the total debt of Sri Lanka own, what about IMF, World Bank and Japan?
Alas POOR REPORTING by SCMP. The Sri Lankan government sold only a 70% stake in the Hambantota port to a Chinese company. This was to raise money for other loans. It did not default on its Chinese loans. SCMP please do better. Do not spread lies.
A yes or no answer won’t mean anything to you. A more technical answer would be incomprehensible to you. Conclusion: asking lead questions don’t make you look less dumb, Chang.
Well this is a time problem... and only will be seen truly is with time because most of these BRI projects are in poor regions with lacking infrastructures and poverty rampant. But at least China is trying to lift up these regions and at the same time get ready for the ride towards a better life and economic prospects for these region its very similar to venture capital strategy more baskets u have chances of better unicorns u can help nurture.
Italy belongs to the G7 countries, and the G7 Summit will be held in Italy next year. It can be said that the United States requires Italy to withdraw from the the Belt and Road!
😅 U$ UK EU warn of the "Chinese debt trap". Sri Lanka's gov debt report: 47% - Market borrowings (bonds) - most of which is held by BlackRock (U$A shadow government company) 13% - Asian Development Bank (a western/Japan own and run bank) 10% - China 10% - Japan 9% - World bank 2% - India 9% - Others
In China, their president has signed an initiative to be globally economic by trading with other merchandise country. It is an advantage for every small and large trading country who often trade their goods with them. It is a wonderful program to be in the eyes of the global people to enhance their financial trade. 😊
The logic of Indian invention of China debt trap diplomacy on Sri Lanka is extraordinary. Where can bond investors learn the magic of taking control of a company or a country with only 11% of total debt?
There's something called lease that's being serviced as a debt payment with serviceable Profit on Value of Investment acts as a hedge borne for attractive investments.
Why can't India 🇮🇳 do the same, by building ports in Vietnam🇻🇳, Taiwan🇹🇼, Philippines🇵🇭, Malaysia🇲🇾, Japan🇯🇵 and South Korea🇰🇷? Oh I see, you Indians are still learning how to build bridges 🌉
China is capturing lands and ports of poor countries by indebting them See the CPEC biggest failure of China and it's going from Indian land so we will throw out China's Broom Riding Initiative 😂😂
@@Sean-giangthey don't use tofu because they don't know how to make tofu too, so they just use gel instead, or maybe glass or wet sand, which caused the death of their own people. China tofu buildings got debunked after the videos are discovered to be construction site demolition using dynamite, ghost appartments must be destroyed to free land.
Because they don't want to create debt traps like china did in sri lanka and pakistan. India had to infact help sri lanka with a billion dollars after the mess china left it in and wouldn't even help with debt restructuring
Для этого Китай должен меняться, для нас безопасность и не по китайской модели, а в - human измерении для жизни всех на планете земля, пока нынешний Китай не попадает, так шо 🙄 ...
Belt and road is a nightmare for china😢.Country withdraw from belt and road because of China's debt trap, country became default like😮 srilanka also pakistan soon😢😮.Chinese don't have jobs and food,famers mass 😢suicide, pensioners money 😮steal from bank😢😢
Some facts about China's 🇨🇳 Belt and Road Initiative: - As of January 2023, 151 countries were signed up to the BRI. - The idea of BRI as a debt trap diplomacy was first created by an Indian 🇮🇳 think tank, coined by Indian🐂 academic Brahma🙋🏿♂️ Chellaney in 2017 to describe what he called China's "predatory lending practices", which "overwhelm poor countries with unsustainable loans and force them to cede strategic leverage to China". - The irony is, India 🇮🇳 is a member of China's Asian Infrastructure Investment Bank AIIB, which makes India technically a full member of China's BRI in all but name. Receiving tens of billions worth of infrastructure funding in India from this bank alone. - Indians say this, do that. Everyone knows, including stray cows 🐄 roaming freely on Indian streets
@@22cranbrookave china builds meanwhile indians destory. Name one thing indians have given the world other than sending millions to middle east as slaves
Belt and road projects is a positive construction beneficial to the countries which participating. But what China fail to understand is these countries does not have the Chinese mentality in terms of economic visionary. For the Chinese, when they build something even how small there is , the Chinese people would be rushing to utilized the "small convenience" to make a lifetime improvement for themselves. Meanwhile for non Chinese countries they are still scratching their heads thinking why a big modern sea port facilities build in front of them even the facility completed 1 year earlier. The pace of thinking comparing to Chinese are hundreds of times slower. The Chinese meanwhile would deliver what they had committed and the repayment of debt starts. Much of the slower pace countries could not generate a substantial amount of income to pay the debt and fell on what they called as debt trap.
Marcos junior disogok dapat kembali uang corrupsi bapaknya dan di aminkan untuk boleh masuk USA. Semoga rakyat Philipina sadar akan kebusukan pemerintah corruptor Marcos ini. Rakyatnya semakin melarat
The IMF talking about Debt traps is peak irony
Peak Everything in d west these days…
Virus and deception
C h i n a
I was just about to write that. Sri Lanka never had the money to repay the loan. The "Debt trap" has already debunked to be bcz of internal corruption of the Rakapaksha family for decades.
The China "debt trap" narrative has been debunked by the British Debt Justice and World Bank data. They found that African countries owe 3x more to Western banks, asset managers and oil traders than to China, and are charged double the interest. 12% of Africa's external debt was owed to China lenders, compared to 35% to Western private creditors.
China has since cancelled the debt for 17 African nations.
meanwhile they are the real debt trap lol
Love how SCMP don't mention that the Sri Lankan debt was mostly owe to Japan, US.
The idea was for them to take out another IMF loan with harsh conditions, while the US takes the port, plus more... However the PRS did the opposite and loaned it to China instead to circumvent taking the 'loan', which was NOT what the US/IMF wanted.
There was absolutely never a plan for US to “take” the port. If a country agrees, US may use the port. It would never be “owned” by US.
You are a true CCP LIAR
Some facts about China's 🇨🇳 Belt and Road Initiative:
- As of January 2023, 151 countries were signed up to the BRI.
- Sri Lanka was cited most frequently as an example of China's "debt-trap" diplomacy but, Chinese loan to Sri Lanka is only 10% of its overall debt
- At least Chinese loans to Sri Lanka can be seen in the ports, highways, airports, powerplants etc. Projects that would only see returns decades from now. Where were the 90% loans Sri Lanka incurred from the World Bank🇺🇸, IMF🇺🇸, Asian Development Bank🇯🇵 went to?
Fun fact:
Don't expect the beggars to repay the debts
@@Hkchinese888 fun fact: india don't have the capacity to counter the BRI nor do they have any influence in the global south. Meanwhile china has BRICS SCO RECEP BRI.
Indians have cow dung
It was pocketed by corrupt people, just like the money they gave to Ukraine. Jajajaha
@@Hkchinese888 Fun facts : The Biggest Beggars in the world live in India 😋😜😁🤡🤡🤡
facts was BRI Piraeus Harbour in Grace became the largest port of Europe
China is increasingly advanced, in contrast to my country, India, which always has conflicts over religion and caste, so the country is still underdeveloped.
Are u unemployed ¿
Not only advance but also agressive to thire neighbours and everyone knows that china is a new world threat 😂
He is a unemployed balloon should be inflated very soon
How much did you get paid from your Chinese masters for this comment? Didn't know that China gives employment of this sort :))
Hello ccp bot, 😂 there r so many ccp bots in comment section
Tbh, I still have high hopes for the Belt and Road Initiative, as they can help struggling countries to develop their lands.
This is what you won't hear mentioned in the US. Those nations involved in the BRI, were tickled pink when BRICS came online over there. Back by gold. Those nations now are developing at a fast rate so the any fixed rate is only going to mean they progress faster. If your economy of your country is growing, how is the big default going to happen? China set it up so the currency is solid, backed by gold, took the hit early for investing in building in all these nations, knowing one day, it's BRICS vs the central banking system. Game Over. When you don't invest a terrible thing happens, nothing.
Westerners always think of profit first before embarking on major project.
দোকানীৰ মনোভাৱ । 😂
We think about our freedom.. after Russia craziness, economic ties with dictatorships are dangerous!
And chinese always think of money extraction first before embarking on major project. Sri Lanka and Pakistan with empty pockets in the corner 🙂🤣
So what did Europe and America do in Asia and Africa? Have they even built wide highways? Problems in one or two countries justify an entire policy? I think your logic is flawed.@@Peter-be5lo
So what did Europe and America do in Asia and Africa? Have they even built wide highways? Problems in one or two countries justify an entire policy? I think your logic is flawed.@@pieroo7
100x better than US loan to Ukraine for weapons.
Not forgetting USA projects success in Iraq,Afghan, Libya and Syria...😂😂😂
China: Belt & Road Initiative 🏆
USA: B0mb & Raid Invasive 🥀
SO TRUE
You forgot India: Bit*h & Boast initiative.
Lol more like china: border takeover initiative 😏
china: Annoy neighbour initiative
china: Cry and mil it ary drill initiative 😂
china: Talk peace but fight all the time initiative
Excellent use of English language!
@@WONG-f8i
No fancy words needed, just get your point across and you have succeeded. 👍😁
Studies have shown that BRI does not lead to debt trap.
Fun facts:
SL broke because of debt traps
@@Hkchinese888 SL debts..only 10% came from China.
Most came from IMF
@@calvinblue894 you’re too naive, there are hidden debts that SL is unable to repay
@@Hkchinese888 Hidden.. LOL 🤣😂🤣🤣
And you know when they are hidden?
How? You work for SL government??
@@calvinblue894 for ordinary people like you , ofc you don’t know 🤣🤣🤣
Over the past decade, China has signed documents for the co-building the BRI with over 150 countries and 30 international organizations. A total of more than 3,000 cooperation projects under the initiative has delivered nearly $1 trillion of investment and generated strong growth across partner countries,
I heard Hungary is still the only European country that pledged the highest investments with BRI despite tension with EU
The entire analysis of the Belt and Road does not mention the United States. Why did Italy withdraw from the partnership? which countries created the so-called debt trap for developing countries? The report is very incomplete.
BRI is the best thing that has happened to 2nd + 3rd world countries.
Italy is withdrawing probably because of pressure from the US, + she will be the president of G7 next year.
I expected a video celebrating the hundreds of infrastructure projects that BRI has completed over the past 10 years in developing countries. Instead, you devolve into the usual Western talking points about the debt trap myth, and the BRI not being "green" or "digital" enough. Get lost with this nonsense.
152 countries are connecting with BRI , it is great platforms for everyone.
they put all the beggars together
@@Hkchinese888 Don't forget the biggest Beggars in the world live in India 😋😜😁
Some facts about China's 🇨🇳 Belt and Road Initiative:
- As of January 2023, 151 countries were signed up to the BRI.
- Participating countries include almost 75% of the world's population and account for more than half of the world's GDP.
- World Bank have estimated that BRI can boost trade flows in 149 participating countries by 47%, as well as cutting the cost of global trade by 31% to 48% percent, and grow the GDP of Asian, African and Latin American developing countries by an average of 2.6 to 3.9% annually
Fun facts, most of the investment to bri is down to the drain
ok bot, cool down
@@Hkchinese888 funfact: indians can't build anything nor do they have anything to counter the BRI. First fix ur toilets
@@Hkchinese888 Why can't India 🇮🇳 do the same, by building ports in Vietnam🇻🇳, Taiwan🇹🇼, Philippines🇵🇭, Malaysia🇲🇾, Japan🇯🇵 and South Korea🇰🇷? Oh I see, you Indians are still learning how to build bridges 🌉
Bot alert
Brics+++++ is great. China is great. Go Brics 👏 👍
what is belt ?
sri lanka, pakistan went bankrupt down that road. italy is out, malaysia wants out.
evergrande, ghost cities, ..
how nice.
So what did Europe and America do in Asia and Africa? Have they even built wide highways? Problems in one or two countries justify an entire policy? I think your logic is flawed.
@@imshulei
what is my logic
Sri Lanka and Pakistan already been in debt before BRI. They could be worst not for BRI.
Malaysia was affected by corruption scandal as well as COVID. They had recovered and revive the BRI project.
Italy is USA dog. Needs to obey to their master.
5:44 "As the level of trade with the west falls..." You literally just showed a clip of the Italian Prime Minister saying their partnership actually deepened with China, especially among European countries not even in the BRI.
I really want the Chinese to help New Zealand and Australia develop infrastructure. It would be nice if we had high speed train.
澳大利亚让他们滚远点，看见这个国家就恶心，不可能帮他们的😂
Pass as a kiwi and an Aussie stay away.
This report has confirmed my impression on SCMP’s strong anti-China bias, as commented by others viewers, it ignored largely the BRI achievements but focused on often baseless ‘debt trap’ example.
How is debt a baseless thing ? .its a reality. countries have lost their assets will loose more over nonviable projects. ,🤥😲
南华早🐶
I am not in the camp of people who see the BRI as a 'debt trap'. But that does not mean BRI has been a success. Rather, it is my feeling that many recipients of BRI loans/projects have thought "Let's get the money now, then we'll worry about how to pay them back some other day". But that also means that Chinese creditors (esp. China Exim Bank) have perhaps not always done their due diligence. Some of these loans seem a bit risky.
In my opinion, the failure of the Sri Lanka Hambantota Port can be laid squarely on the shoulders of former president Mahinda Rajapaksa, perhaps the most corrupt president ever. He is the one who decided to make a large port in Hambantota, a small town with no industry to speak of. The port was not needed, not in the right place, and not particularly useful, but it did happen to be in Mahinda Rajapaksa's small hometown. There are accusations within Sri Lanka that during his presidency, Mahinda Rajapaksa managed to defraud the country of more than $5 billion and funnel it out of the country. Many officials of his administration are being investigated for graft, fraud and corruption.
its a 50 year plan. wait and see. china is very lenient at restrucring loans. they are long term at low rates and even forgiven
@@siamcharm7904 You say low rates. I have read that most loans are considered commercial loans with rates similar to what you see inside China: Around 6%. This is especially the case with loans from Exim Bank.
@@siamcharm7904 are you for real
Low rate intrest
Go study loans to Nigeria,Laos and Suriname nd Pakistan nd there will be more but I read about these countries loan so I know for sure about your low interest 😂🤪
Nd restructuring please stop that joke . Country like srilanka which is in bankrupt and pleading for loan restructuring for almost year and even India and Japan did restructuring so please stop with your nonsense bucks earning comments.
@@Ame_no-seireiJealousy is alway in indian blood...😂😂😂😂😂
The China "debt trap" narrative has been debunked by the British Debt Justice and World Bank data. They found that African countries owe 3x more to Western banks, asset managers and oil traders than to China, and are charged double the interest. 12% of Africa's external debt was owed to China lenders, compared to 35% to Western private creditors.
China has since cancelled the debt for 17 African nations.
10 yrs of building connectivity between people
And Italy left 🤣🤣🤣🤣
USA dog have to listen to their master.😂😂😂
@@LeeSkJohn-sv8wi By that logic anyone going against china becomes USA's dog, what happens if they dont? 😏🤣 chinese logic 101🤡
Comparison 1:
* AVERAGE number of bombs dropped by America EVERYDAY in foreign lands since the turn of the millennium = 46
* TOTAL number of bombs dropped by China in foreign lands in the last 40 YEARS = 0
Comparison 2:
* Number of American military bases outside its territory = 750
* Number of Chinese military bases outside its territory = 1 (in Djibouti for UN mission)
Comparison 3:
* Distance from Chinese military base to America = 10,000 km
* Distance from American military base to China = 0 km (Taiwan is within China)
Comparison 4:
* In 2020, after pulling out of a 20-year occupation in Afghanistan, America confiscated Afghanistan’s 7 Billion dollar foreign reserves, leaving Afghanistan in desperate short of basic necessities.
* In the autumn of 2020, China poured in humanitarian aids to Afghanistan to help Afghans weather the coming winter.
Comparison 5:
* On 3 Jan 2020, General Qasem Soleimani of Iran, was killed in a drone strike by America, while heading to Baghdad in order to engage in diplomatic discussions aimed to reduce hostility between Iran and Saudi.
* On 10th Mar 2023, brokered by China, long time rivals Saudi and Iran reestablished diplomatic ties, marking a new beginning of the two biggest Shia and Sunni countries, bringing peace to the Middle East.
Comparison 6:
* Laos holds a world record: the most bombed country in the world. 7.7 million tons of explosives were dropped in Laos, by more than 580,000 air missions by the US Airforce on Laos between 1964 and 1973 during the Vietnam War. That’s more than three times the amount of bombs dropped in all theaters of World War II. There are still 80 million bomblets that never went off remain live, buried over 35% of land area of Laos. A staggering 270 million bomblets were dropped in a country with a population of 2.5 million, to carpet a huge buffer zone to prevent weaponries to reach Vietnam. By 1975, 1/10th of Laos population was killed, 1/5th of the population wounded.
* Today Laos has a high speed rail system more advanced than American’s, built by China after removing the unexploded bomblets.
>> Laos, Syria, Afghanistan, where America destroyed, China goes to build.
Comparison 7:
After the Sudan war broke out,
* The US picked up its embassy personnel using helicopters and left other 15,000 US citizens behind, in a war fermented by neocons like Victoria Nuland.
* China sent two warships to take ALL its citizens, 940 Chinese, and 231 foreigners out of Sudan to safety at Jeddah port. And the Chinese embassy staff left last.
>>> “China threat” is real. China brings immense embarrassment to the US.
China is the only country that thinks win/win through initiatives like this. Boosting trade for all makes every country thrive economically. The zero sum foreign policies of many western countries end up causing their own destruction.
True
Can't argue with this. The US needs an initiative like this that can link up the BRI. What chose will the US have? Become more isolated while the rest of the world trades at high speed and volume? With ever increasing nations acquiring wealth and gains. Imo, the US will eventual relent, especially if the dollar or central banking system loses to BRICS.
Italy decides to free themselves by china economic dictatorship! Kudos to prime minister Meloni!
I assume debt trap is self inflicted. You have an option to choose to partner with the project or deny it. But this project would definitely benefit all of Asia, China has helped many Asian nations in development, showing great improvements.
@@aldenteh9412 not helped he's trap them on his debt
@@aldenteh9412 Yes the benefit was seen in Sri Lanka and Pakistan. They are now the most prosperous nations in south asia 🤣
Well done till you sees italys stagnating Economy and its youth leaving to other EU states for work and migrant issues. But yeah sure it's a big win for Italy. I'm glad Chinese resources aren't wasted in a unreliable partner.
it's NOT a dictatorship, IDIOT. Without knowing you, I can say Definitively that you haven't been to China (or those in BRI) where you'd see the benefits with yr own eyes.
The actual REAL debt trap is fm the west IMF/WORLD BANK. That's what ordinary people say! not even me. China is HELPING THE REST OF THE WORLD, particularly the global south....who have SUFFERED INDIGNATION AND RACISM & massive theft (think apartheid, Venezuela's gold, Syrian oil, etc) under the "advanced nations" of the west....who brought NO democracy to those "developing nations" ....but rather ONLY EXPLOIT THEM....=CAPITALISM ( western model).
IMF talking about debt trap is just funny
Lol yeah
Takes one to know one😅
It's sriS Lanka's fault that they went bankrupt, why did they blame China for it. The port was useful for them, if they don't have the port their condition would be worse because of the bad infrastructure for trades. Indonesia owes a lot of money to China to build their project. So far the benefit have outweighed the risk.
As a Sri Lankan, Sri Lankans never blamed China for it, it's western media that keep saying it's debt trap. We blame the former president for it. He wanted to show growth and construction and win votes but these projects didn't bring in money. Also Sri Lanka already had Colombo port which is more than enough.
most of the west media only tell you part of the story, like "debt-trap", why not give the whole picture, just pick out China, it is only 10% of the total debt of Sri Lanka own, what about IMF, World Bank and Japan?
Alas POOR REPORTING by SCMP. The Sri Lankan government sold only a 70% stake in the Hambantota port to a Chinese company. This was to raise money for other loans. It did not default on its Chinese loans. SCMP please do better. Do not spread lies.
they take the word "ah long" to the whole new level
The OG master of 'ah long' 😂😂😂
Because of a loose belt, the Chinese pant fell down on the road.
We will always support this channel. Theyre one of the best.
Italy far right 🎉🎉
Italy basically changes to silent BRI participant.
wow the IMF is talking about the negatives impact of debt...
Since Italy is in G7, I bet the American forced the Itailian to withdraw the agreement with the Chinese on the BRI.
Is the Belt and Road Initiative economically profitable?
A yes or no answer won’t mean anything to you.
A more technical answer would be incomprehensible to you.
Conclusion: asking lead questions don’t make you look less dumb, Chang.
Well this is a time problem... and only will be seen truly is with time because most of these BRI projects are in poor regions with lacking infrastructures and poverty rampant. But at least China is trying to lift up these regions and at the same time get ready for the ride towards a better life and economic prospects for these region its very similar to venture capital strategy more baskets u have chances of better unicorns u can help nurture.
BRI has been running more than 10 years, and is it a trap last for 10 years?
Meloni is my favourite ❤ Her idiology her personality everything is killer 👏👏
but....she's leaving BRI....Big mistake! HUGE
@@thetruthandnobs2She said bri is unsless
she is under a lot of pressure from usa.
@@thetruthandnobs2she is a smart woman.
Best decision for her country
She is hot isn't she?
There's also a belt and road blockchain initiative to follow, which is partnered with Vechain.
What is blockchain? Trading potatoes?
@mohammedkumar473 not to muddy the water because of its reputation, but blockchain is the technology that cryptocurrency is based on.
@@alimfuzzy
Oops, I thought trading potatoes for tomatoes is the most effective way for de-$$-isation Tim. 🤣🤣🤣
🎵🎶🎵Bye bye American Lie (Pie ) LOL 😂😂😂
Europe helping Asia, Africa and America ❎
China helping Asia, Africa and America ✅
How come Italy wants to quit the belt and road initiative?
The Italian said it's waste of time.
These politicians don't have foresight. They just follow what their master orders, no backbone by themselves.
Italy belongs to the G7 countries, and the G7 Summit will be held in Italy next year. It can be said that the United States requires Italy to withdraw from the the Belt and Road!
Because USA dog have to obey their master.
“More complicated than a debt trap” means nothing. If Sri Lanka can’t pay and cedes control of the port to China, “complexity” doesn’t change that.
SCMP employ me for the African perspective narrative
What china did with Sri Lanka... Can be next for any other country too😂😂😂
China help Sri Lanka build a port and when Sri Lanka had financial difficulties, china help by leasing it.
Ok you mean 10 years of 11's rule?
The prosperity for all of mindkind in the biggest infrastructure project of the century. 🇨🇳🤝💯🥂🙌
This comments section is full of anti India bots by ccp making funny jokes 😂
Italy playing the game, want the benefit same time not to annoy US with Belt & Road😢
😅 U$ UK EU warn of the "Chinese debt trap".
Sri Lanka's gov debt report:
47% - Market borrowings (bonds) - most of which is held by BlackRock (U$A shadow government company)
13% - Asian Development Bank (a western/Japan own and run bank)
10% - China
10% - Japan
9% - World bank
2% - India
9% - Others
In China, their president has signed an initiative to be globally economic by trading with other merchandise country. It is an advantage for every small and large trading country who often trade their goods with them. It is a wonderful program to be in the eyes of the global people to enhance their financial trade. 😊
🇹🇼
Chinese debt trap
The logic of Indian invention of China debt trap diplomacy on Sri Lanka is extraordinary. Where can bond investors learn the magic of taking control of a company or a country with only 11% of total debt?
Not surprising USA and uk dint agree
Glad countries are moving away from Break and Rule Initiative (BRI)
Well done 👍👍👍
Thank you China, the People of China, The CCP and The PLA
For what?
They built toilets for you?
@@Hkchinese888 no need we have plenty. But if you want toilets you can take loan from IMF
@@Hkchinese888 I don't feel the Hate there yet boy 😂😂😂😂😂
@@KarlSchulze-qi7lk what? I have no hatred towards anybody. Why did you feel that?
我相信，从这个角度来看，中国仍然是世界上最好的国家;只有中国拥有世界上大多数人口会支持这个项目。我们的意大利掌握在全国极右翼政府手中;谁憎恨共产主义政治思想的传播;但同时，他热爱中国，一点也不想得罪中国人民。 CHINA!!
Why would it be a dept trap after all it was alone if you owe you will have to pay just like any other loan.
The summary is nothing new, but repeated the western's narrative.
Stay away from bat soup
Love China ❤my second home
Well done China. Grow strong as we need China to deter American tyranny and ensure peace in Greater South
For those who during keep badmouthing the BRI I think we should do 10years of BRI and 20years of war on terror and see what is better
My country broke five years after joining bri but lives after 10 years of civil war.
😂😂😂
@@Hkchinese888小強🪳又浦頭
There's something called lease that's being serviced as a debt payment with serviceable Profit on Value of Investment acts as a hedge borne for attractive investments.
Why can't India 🇮🇳 do the same, by building ports in Vietnam🇻🇳, Taiwan🇹🇼, Philippines🇵🇭, Malaysia🇲🇾, Japan🇯🇵 and South Korea🇰🇷? Oh I see, you Indians are still learning how to build bridges 🌉
Cuz indians dont use tofu
China is capturing lands and ports of poor countries by indebting them See the CPEC biggest failure of China and it's going from Indian land so we will throw out China's Broom Riding Initiative 😂😂
@@Sean-giangthey don't use tofu because they don't know how to make tofu too, so they just use gel instead, or maybe glass or wet sand, which caused the death of their own people. China tofu buildings got debunked after the videos are discovered to be construction site demolition using dynamite, ghost appartments must be destroyed to free land.
Because they don't want to create debt traps like china did in sri lanka and pakistan.
India had to infact help sri lanka with a billion dollars after the mess china left it in and wouldn't even help with debt restructuring
No big 💰💰💰💰💰, expertise & technology.
California high speed rail??? 😂😂😂😂😂😂😂
"limited other spending" they don't spending their money to buy your expensive goods, and you say it's a dept trap... what a joke..🤣🤣
And you wonder why China has so much debt.
@PinoyPotential And you wonder why China has so much debt.🇹🇼
@PinoyPotential Don't argue with idiots, it will lower your IQ. Some people can't see homeless people filling the city.
@PinoyPotential And you wonder why China has so much debt.
We can do this all day. 😘
@@aldenteh9412 then go ask for us?
BIR is a leash 😑😑😑
I guess the belt & road is benefit the Asian countries. That’s why Westerners are not happy about it.
Chinese debt trape😅😅 asian countries ( srilanka, Pakistan ) are bankrupt due to this project. Now italy withdrawal...
Don't worry..Italy will come begging to be in soon
Sri Lanka and Pakistan already in debt before BRI.
*নিম্ন স্তৰৰ চাইনিজ 😂😂😂😂*
Chinese fota level 😂😂
Is SCMP is usa propaganda machine? 😂
BRI project cost 1trillion us doller🎉
Для этого Китай должен меняться, для нас безопасность и не по китайской модели, а в - human измерении для жизни всех на планете земля, пока нынешний Китай не попадает, так шо 🙄 ...
So do you forgot Sino sovite friendship
Belt and road is a nightmare for china😢.Country withdraw from belt and road because of China's debt trap, country became default like😮 srilanka also pakistan soon😢😮.Chinese don't have jobs and food,famers mass 😢suicide, pensioners money 😮steal from bank😢😢
There is no debt trap.
No worries. China already help Sri Lanka by leasing their port.
Some facts about China's 🇨🇳 Belt and Road Initiative:
- As of January 2023, 151 countries were signed up to the BRI.
- The idea of BRI as a debt trap diplomacy was first created by an Indian 🇮🇳 think tank, coined by Indian🐂 academic Brahma🙋🏿♂️ Chellaney in 2017 to describe what he called China's "predatory lending practices", which "overwhelm poor countries with unsustainable loans and force them to cede strategic leverage to China".
- The irony is, India 🇮🇳 is a member of China's Asian Infrastructure Investment Bank AIIB, which makes India technically a full member of China's BRI in all but name. Receiving tens of billions worth of infrastructure funding in India from this bank alone.
- Indians say this, do that.
Everyone knows, including stray cows 🐄 roaming freely on Indian streets
Any comment on Pakistan's Gwader Port? I believe that is also Chinese property now. Other port and airport will follow too
@@22cranbrookave china builds meanwhile indians destory. Name one thing indians have given the world other than sending millions to middle east as slaves
@@22cranbrookave
the hambantota port is 100% chinese property
My condolences to those poor countries' who are suffering under Chinese regime will never forget
Lol
Show the correct map of India, repect India's sovereignty 🇮🇳
2:45 I wish I'm in Professor Min Ye's class
All the casino next to the BRI projects legal and illegal are making tons of money everyday. China is so smart.
*চাইনিজ লাঠি চিৰকাল সৰু 😂😂😂😂*
The Philippines once again is going to miss out on this. Because we chose to be lapdpgs of the west than be part of Asia's rise
The USA has warned you the BRI is a debt trap!!! LOL
While USA had much success in their projects in Iraq,afghan, Libya,and Syria..not forgetting Ukraine 😂😂😂
Belt and road projects is a positive construction beneficial to the countries which participating. But what China fail to understand is these countries does not have the Chinese mentality in terms of economic visionary. For the Chinese, when they build something even how small there is , the Chinese people would be rushing to utilized the "small convenience" to make a lifetime improvement for themselves. Meanwhile for non Chinese countries they are still scratching their heads thinking why a big modern sea port facilities build in front of them even the facility completed 1 year earlier. The pace of thinking comparing to Chinese are hundreds of times slower. The Chinese meanwhile would deliver what they had committed and the repayment of debt starts. Much of the slower pace countries could not generate a substantial amount of income to pay the debt and fell on what they called as debt trap.
Love 😘❤🔥💎🦁🤟
Free East Turkestan 🔵☪️🔵
*চাইনিজ আটাইতকৈ অশিক্ষিত আৰু দুখীয়া 😂😂😂😂*
I want this kind of "Traps", this "traps" are much better than nothing. Talking is easy
Ignore anyone from the West. I do. A true Wonder of the World!🥳🥳🥳🥳
Hai xijinping. How are you.
India see this...
Sadly, most of world view china as villian of the story😢
A this belts Europe want to make
Great！I am soooooo jealous.
Marcos junior disogok dapat kembali uang corrupsi bapaknya dan di aminkan untuk boleh masuk USA. Semoga rakyat Philipina sadar akan kebusukan pemerintah corruptor Marcos ini. Rakyatnya semakin melarat
What about ueghur muslim 🧐
*সৰু চাইনিজ লাঠি 😂😂😂😂*
We broke, my country regretted to have joined bri