The director of pan-africanism today Akende Membe said this if you look at the Western and the imperialist countries they come with their own interests. The vice president of the U$ came to Zambia landed at a chinese-built airport in Zambia moved on a chinese-built road in Zambia. It's it's ironic that Kamala Harris will travel to Zambia and tell zambians stop trusting the Chinese and having a relationship with them when everything that she has used in Zambia the Chinese basically helped build.
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?
@@KishanKumar-qz1kt Yes Fort Detrick in America. Where swine Flu, Covid 19, and Kansas Flu in 1918 came from. Why many in India died was because they thought cow dung would save them. 😢
The West accounts for the vast majority of Sri Lanka's debt, and this can actually be found (Central Bank of Sri Lanka report). The direct cause of Sri Lanka's debt crisis is the United States' cyclical indiscriminate issuance of U.S. dollars (harvesting the assets of other countries, this story has happened too many times). During this epidemic, the United States issued a large amount of currency and then raised interest rates, allowing U.S. dollar capital to flow back to the United States to earn interest. As a result, the currencies of various countries plummeted, and U.S. capital could purchase the assets of other countries at low prices. As for international loans, due to rising interest rates, the interest that needs to be repaid has doubled; at the same time, the domestic currency has fallen and is settled in US dollars (the currency that the country needs to pay has also increased significantly), so the debt has expanded rapidly. To sum up, Sri Lanka’s debt crisis is 100% caused by the United States (almost all countries with debt crises are similar to Sri Lanka). But the United States controls the weapon of public opinion and can turn any incident into black and white. The United States/Western smear campaign against China’s Belt and Road Initiative certainly hopes to reduce China’s influence. The rise of China and its leadership in the development of the Third World will undermine the dominance of the United States/West.
@@KishanKumar-qz1kt It up to the recipient country to decide what they want, studies the need and ROI in long term from the project. CN part is the project lender, engineering and builder. Indonesia want HSR and they got it, but i up to Indonesian to develop the HSR potential.
India was led to believe by the US that the US would fund India's Spice Corridor to counter China's BRI. Many think tanks didn't hold a positive outlook on India's Spicy Corridor, and now with the Isreal war in Middle East, the hope for the Spice Corridor has no chance to be built at all. So, China's BRI is destined to succeed👍
Mediterranean - sea transportation. Saudi Arabia - land transportation. Indian Ocean - Sea transportation. Firstly, the cargo capacity of land transportation cannot be compared to that of sea transportation. This is equivalent to 10 lanes becoming 1 lane, and then becoming 10 lanes again. Secondly, the time for intermediate loading and unloading. In summary, why not directly use the traditional sea transportation of the Suez Canal? I think the 'Spice Corridor' is just a gimmick. After two years, everyone will forget. I remember in 2015, Modi also proposed a "cotton corridor". Does anyone else remember?
Hope those BRICS countries and the rest in world will speed up on the de-dollarization, also hope that Saudi Arabia with the rest of the OPEC+ countries will quickly start trading their oil and gas in other currencies (maybe the Chinese Yuan or the Russian Ruble) or the BRICS+ created new digital currency as payment instead of using the petrodollar (US dollar)
@@Ame36338 Singapore dollar ? Nah, it's not recognise by many nations in the world. That @Shawnxie4029 guy mentioned that i didn't know about why US need a good relationship with Saudi. 😆 Question is, does MBS of Saudi care about that relationship with the US ? When Biden visited MBS to ask him to increase production on their oil but was rejected by MBS and MBS just greet him with a fist bump 🤜🤛 and did not hold a grand parade to welcome Biden but after a few months when Xi visited Saudi, MBS welcome Xi with a warm handshake 🤝 and a grand parade with military band playing both nation national anthem and a fly pass by the Saudi air force fighter jets. Now, we can see and tell what is going on with the different treatment from MBS of Saudi towards the two leaders. That @Shawnxie4029 guy can't even tell what is going on and doesn't know the fact that Saudi is trying to distance themselves from the US. @Shawnxie4029 thought that the US can still convince Saudi to continue using the US dollar as the petrodollar same as how the late president Nixon of US convince Saudi to use US dollar to trade on their oil in the 70s. 🤣
@@shawnxie4029 "The US really need a good relationship with Saudi." I guess you doesn't know that MBS of Saudi is trying to distance themselves from the US. There is a good reason why Saudi applied and want to join the BRICS nations. Saudi was accepted as member and will be an official member of BRICS from Jan 2024. So, what can the US do ? 🤣
The BRI has been around for 10 years in 147 countries around the world. This year’s BRI forum is attended by more than 60 countries which shows the success of the BRI as a program to build the world for prosperity for all. China’s vision for the economic development between more than three quarters of all countries has been one of the significant cooperation project that changes the dynamics of the entire world for a better future.
12-7-2022 Britain-based charity Debt Justice: 35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders.
And yet all these bri projects inevitably end up in china's hands along with the lands of the countries they are built upon. I haven't heard of a single western loan resulting in this. Djibouti port, Uganda International airport, Hambantota port, gwadar port, all on a 99 year lease to china because loans could not be paid in time. Are the loan terms good then? Whats the excuse this time? 😏
All this is due to China's strong manufacturing capabilities, and each country shares what it is good at with other countries and provides employment opportunities and income for its own country, developed countries will only use capital to hijack the resources of developing countries, will not provide technical support to developing countries, China has done a great job
To think of all the intensive derision and propaganda from the west and even some Asian nations like this channel,cna, the slanderous and wicked things said, I salute China and XJP for their courageous quiet perseverance,resolution and commitment these 10 years to bring progress,peace and prosperity to its partners. Notice the slur at the end of this video.?
China Belt and Road Initiative started slow but now has gained momento with 130 countries supporting BRI. BRI is connecting the world for Peace, Growth and Development, Win Win and Prosperity for All....
The China’s Belt and Road Initiative provides investment and development programs to build infrastructure for countries that needs infrastructure development. Every countries needs infrastructure to build up their own economic development. Countries are able to tap in to the Belt and Road Initiative for their own economic development when the International Monetary Fund and the World Bank headed by the European and American refused to invest and helped the developing countries in economic development because they considered it a economic liabilities instead of an assets. Infrastructure helps the countries to regenerate economic growths by expanding their reach to the outside world and beyond the restricted boundaries and vice versa. With the Belt and Road Initiative, any country is free to join and 155 countries out of 190 countries do so. Malawi President Lazarus Chakwera condemns the West for burdening Africa with conditionality in debt payment. President Lazarus Chakwera has raise the issue that Africa countries is choking under debt distress and unable to pay back debts. The IMF and the World Bank forced debted countries with loans on conditionality to suit US interests and US foreign policy. The International Monetary Fund has profited the rich nations at the expense of the developing and the third world countries. It is time for the IMF and the World Bank boards to remedy the historical wrongs and “bias and injustice built into the current international financial architecture.” The IMF will force borrowing countries to adjust its economic policies to overcome the problems that led it to seek financial assistance by selling their natural resources to foreign corporations. These policy adjustments are conditions for IMF loans and enrich their own institution and companies at the expense of debted countries. The World Bank and the IMF are essentially neocolonial institutions that act on behalf of Western governments and their corporations to impose unpayable debts on the Global South so that foreign corporations can buy up their assets for pennies and exploit in order to enrich the West. Africa should not remain poor because of the conditionality imposed by the West on Africa raw material. Malawi President Lazarus Chakwera condemns the World Bank predatory lending practice. Nigeria Vice President Yemi Osinbajo said that the history of loans from Western institutions is detriment to Africa and the destructive conditionality place by the IMF and the World Bank relegated Africa into long-term debt. The Financial Time report in 2018 on the debt crisis in Africa that was stuck by the IMF and the World Bank loans that, “While debt ratios are still below the levels that led to HIPC, the risks are higher because much more of the debt is on commercial terms with higher interest rates, shorter maturities, and more unpredictable lender behavior.” Africa go deeper and deeper in debt impose by the destructive conditionality set up by IMF and the World Bank with 31% interest rate. The World Bank data in 1990 show Nigeria was paying a whooping 25.3% interest to the World Bank. In 1993, Nigeria was paying 31.6% interest on its World Bank loan. In 2020, Nigeria was paying 24.8% interest on its World Bank loan probably due to Covid-19. Whereas the website of the Nigerian Ministry of Finance and for the first time, Nigeria got a loan from China in 27th March 2002 was only 6%. Between 2002 and 2019, Nigeria took a total of about 17 loans from China of about 5.6 billion in total. All in, Nigeria paid between 2.5 % and 3.5% on the loan. China offers Africa better alternative to the IMF and the World Bank and it is up to countries to decides which one to choose from. Now the US and the West is trying to counteract China’s Belt and Road Initiative with a rival strategy in pursuit of a contemporary strategy in countering China’s Belt and Road Initiative. The Global Gateway is the EU's contribution to offer an alternative to China’s Belt and Road Initiative in 2021. Biden leads infrastructure plan to rival China’s Belt and Road Initiative in June 2021. G7 leaders have pledged to adopt a bold new US inspired global infrastructure initiative as a rival plan to China’s Belt and Road Initiative to offer an alternative option. Joe Biden called the new plan as “Build Back Better for the World” to counter China’s Belt and Road Initiative. In September 2023, Biden-led initiative will comprise of two separate corridors, the east corridor connecting India to the Middle East and the northern corridor connecting the Middle East to Europe. the US and Group of Seven (G7) nations hope to counter BRI with alternatives. The G7 nations intend to provide for alternatives to China’s Belt and Road Initiative to the world. The Global South is losing confidence in the US and Western governments. The Global Gateway, Build Back Better for the World have given countries an options to choose who to partner with along with the China’s Belt and Road Initiative. China’s Belt and Road Initiative is the viable alternative for many countries to plug into the emerging economies.
I live in Vancouver and the local transit authority can’t even fix the escalators in a major subway (Skytrain) station after two years, and counting. The scare mongering regarding the debt from the BRI simply ignores the reality that major infrastructure projects can only happen with significant debt. The economic benefit will come in time as the spin off effects from the new infrastructure creates new business opportunities, creates jobs and increases GDP. The Western economic model exists in mature economies and can only find growth in retail and financial services centred around technological advancement that does very little to help societies; and in realty, hinders citizens by encouraging over consumption and indulgence.
running bill of SGD8trillion to build infrastructure to develop the economy? compare that to the latest annual US budget of USD1.8trillion for their Dept of Defense. imagine how much America has spent over the last 10 years to make bombs, missiles, planes, tanks, battleships to be used against other countries.
China's BRI is win/win for China and the countries involved. China has unparalleled Engineering talent that can be used In foreign country projects. China also has money to lend. US foreign policy needs a near 180° turn from military strength to infrastructure builds. Our $850 Billion dollar "defense" budget includes at least 70% waste. We've crossed the line about 25 years ago and now we do more harm than good worldwide.
💖 Only "C H I N A" can protect/defend of the Asian countries ...... One thing that I like China, no matter you are rich or belong to a poor country - China treats you equally ....... 💞
2/3 of the world leaders meet in Beijing to connect people across the region. Meantime, Western Colonial masters- Anglo Saxon axis waging proxy wars around the world. 😢
@@schmetterling4477 You really don’t know Chinese economy and geopolitical power , do you know that 152 countries presidents and representatives are in Beijing right now
@@schmetterling4477 I just have heard a funnest joke ever, calling 2/3 of the population losers, Enjoying your last days, you will witness the power shifting in this century.
More than 130 countries participate in China's Belt and Road Initiative, and more than 50 international financial organizations attend the summit. 80% of the world's leaders have gathered there, so the United States' war policy is destined to be despised by mankind.
This BRI has indead beneffited the participating nations as shown by the numbers of projects completed. Even now some EU members want to participate in this BRI project.
😅Now you know why ..English mxdia( and extension) follow only 15 personal interest and agenda. Just 37 years ago, there were 50 cxmpanies in charge of most U$A mxdia. Now, 90% of the mxdia in the U$A is contrxlled by just six cxrporations. AND these six cxrporations own by just 15 Bxllionaire.
TO THOSE FEDERAL NEWSCASTERS [“CNA NEWS: SPECIAL REPORT”] WHAT “A BELT & ROAD INITIATIVE SPREE AND Y’ALL, LATEST REPORT VIEWERS, HEAVEN-SENT ACTIVITY!!” 🧔🏿🌦
If 140 countries leaders attended the third BRI meeting in Beijing willingly, not forced by a gun pointed to their heads, it says BRI has done something good for them! Or, they believe they will benefit from BRI in the future. Period
Having Lee阿斗 as the PM of Singapore has been so damaging to the progress of Singapore. Do you know that China can help the Islamic world to advance through industrialization? Do you know that China can help Africa to solve food security, energy and water shortage problems? Do you know that Global South has arrived at the stage where they don't have to beg the West for economic development and transfer of technologies? Do you know that little Singapore, a global financial and money laundering hub, has nothing to offer except "funding"? Amusingly, we are hearing mini-BBC selling the debt-trap snake oil! Ha ha ha!
Truly the Project of the Century, but 10 years is too short a time to construct any measure of the structure. For such an infrastructure, this period and the following years can be considered the "Incubation Period" before any real takeoff. 10 Luna months to get a baby and another 20 years of care and nurture, before there's any semblance of youth; why the anxiety and haste to form inconclusive conclusion. Some scenarios, leapfrog is impractical. BRI's is a story for the future although some success is already manifesting The important point to note is that, the dots are connected according to the blueprint and need a process period of fine-tuning. There's the tendency of BRI opponents to prick and amplify faults without examining the underlying circumstances and they are entitled to their opinions. However a growth with billion in participation is not a phenomenon they can ignore in the future. There's no doubt,China walking tall and deserving.
since many of the global south countries may not be able to repay the gigantic debts for the white elephant projects, I request China to turn the debts into grants for the poor countries.
After 50 years of rule - uninterrupted - the PAP has failed to develop sustainable (population growth, education and economic development) policies that will enable locals to drive our economy, that is, creating jobs and attracting investments, with foreigners playing a complementary role. Instead, the situation has been turned on it head. Foreigners are now the main force behind our economy and Singaporeans are playing the supporting role. Lees’ words, not mine. Dr Chee Soon Juan
Can you name a single country whose economy has took off after joining bri or by receiving Chinese investment in fancy projects? Name a single country i challenge you
All this has had a pointed effect on local wages and job opportunity. Take, for instance, PM Lee’s recent lament of the shortage of engineers in Singapore. The problem has become so acutre that we have had to engage Swedish and Japanese engineers to help us figure out what’s causing the interminable breakdowns of our MRT system. Transport Minister Khaw Boon Wan even exhorted our train operators to look to Taipei to emulate the reliability of its rail system. At the risk of belabouring the point, how did we come to this after 50 years of PAP rule?
I think most of people in the world don’t accept hostile takeover of national infrastructure. Real purpose of BRI is the demolition of national borders like EU. Many people do not want to accept it.
MOFA Taiwan denounces George Yeo’s controversial remarks Yeo’s recent recommendations for Taiwan to consider joining a “commonwealth” with China and pursuing a “One China” path have drawn significant condemnation from Taiwan.
Why don't you say that these disputes are caused by the West and Japan's invasion of China? Before the West and Japan invaded China, China's land area was 1.5 times its current size. This includes Outer Mongolia, now Mongolia. What problems does China have with taking back its own territory? Taiwan returned to China in 1945. It is now a state of civil war.
These countries stole Chinese territory when China was invaded. Now that China has become stronger, what’s the problem with getting the territory back?
Indiasuperpower, China only has land dispute with 2 countries, India and Indias's protectorate Bhutan. No dispute with Pakistan, Tajikistan or Vietnam. Taiwan is unfinished civil war. Get educated. Uninhabited islands aren't sovereign dispute, everyone just claim them.
It's some how true what you say and surprisingly BRI members countries are collectively way bigger in resources, geography & demographic than USA but still weaker than USA proof how much disproportionate the economy development is and nobody dare to truly solve this, now BRI is answering that questions and yes with debt and opportunities at same time but nobody dare to talk about real actual high debt these countries barrowed with other monetary institution, banks that are run by few develop countries. 😅😅😅😅
What Israel did to Palestine in last 75 years is colonialism. The reason why 150 countries join BRI is because they realize China can provide a better opportunity to build their own country. Just admit it, it’s not shameful.
When poor countries want to build roads/bridges/build power stations/build networks, and they don’t have the money themselves, shouldn’t China be willing to provide low-interest loans, help them build, and then spend decades operating to recover the loans? Should I not ask for a loan? European and American countries, as past and present colonizers and plunderers, how despicable and shameless you are.
(Long) *Facts* about Chinese 🇨🇳 debt-trap loans to Sri Lanka that also apply to most BRI projects: - China was never transparent about its BRI loans. - third highest, at 10%, among Sri Lanka's $51 billion foreign debts. - Chinese annual interest is at 3.3%, *5 times* higher than Japanese loans. - Among all loans, Chinese loans must be *paid first.* - Chinese loans are not money, they are *construction debt.* - The loans must have *collateral* such as mines, seaports, etc. - Most BRI projects China developed are useless but may be useful for *the Chinese military.* - Chinese workers, mostly *men unable to marry* in China, are transported to Sri Lanka for BRI projects. - China took the Hambantota seaport for *99 years* amid Sri Lanka's unable to pay. - unable to pay, Sri Lanka asked lenders for renegotiation. All responded, *except China.* - When Sri Lanka tried to import necessities, China *blocked* it because of unpaid debts.
The ministry asserted that Yeo’s comments were “completely inconsistent with the facts, clearly biased, and at odds with the understanding of most democratic countries in the region.” Furthermore, they contended that Yeo’s personal opinions not only fail to contribute to regional peace and stable development but also harm the positive development of Taiwan-U.S. relations and Taiwan-Singapore relations. The ministry voiced its profound regret over Yeo’s comments and urged against becoming a conduit for China’s authoritarian agenda. This is to prevent any perception of assisting the Chinese government in its propaganda efforts or making inappropriate statements that could lead to social divisions and misunderstandings in Taiwanese society, ” said the ministry in the statement.
Your tofu engineering is in most of the infrastructure and trains etc of the world.. Unless you prefer American weak products.. The reason why you can afford your phone, gear etc is BECAUSE of China.. Back in the 90s, a laptop cost $4000, Made in USA
BRI achived its objective. Many small, week countries lost ports, cities to china. Pakistan lost a big port, highways. Srilanka : Lost big port south of srilanka. Kenya and many african countries same. Neo - colonism. Wise way of salamislicing.
Exactly many comments here are talking about 'western loans' being high or high interest rates but none of them have resulted in loss of land lol. Loan terms are more important here not the loan percentage. 🙂
They didn't lose them. It is leased. They still get a portion of the profit. This is China's way to ensure they get their investments back in countries that change leaders frequently like in democratic countries. In the case of Sri Lanka, their port was only bringing in about $1.8 million because they didn't have the expertise to operate a port effectively. China leased their port for 99 years for $1.2 billion. That's about $12.12 million per year. That's already nearly 7 times what Sri Lanka was earning from it. Not only that, since China took over, it now handles over 2 million tons per year and Sri Lanka gets 30% of the profit. I'd call that a big win for Sri Lanka.
@@bohrsmodel81659 Lease for 90+ years is as good as loosing. China is expert in grabbing others territories, seas. Historically, It does not know giving back, even if it is leased.
