I am not from China but I noticed this journalist is especially interested to talk about China debt trap, China will go bankrupt, China real estate bubble burst for so many years. I don’t not see her talk about the 600 millions in poverty in India, caste society that looks down on people in India and many other acute problems. Seeing dust in other people’s eyes but she has logs in her own eyes.
She is a reporter , reporting on international affairs . Why should India’s internal affair be an international scrutiny subject ?! In either case caste discrimination? You are half a century too late for this . We have reformed already in that department a huge deal and I say this as a person who married inter caste so it’s time you feel sorry for putting such baseless allegations and shaming the origin of anchor for her doing her job . What’s wrong with you ?!
I have been watching so many "China will fall in _ days" that frankly Im not holding my breath anymore. I don't think most people have any idea what they are even talking about.
Anyone still Remember this channel predicted that the “3-Gorges Dam” will collapse in 2020; durning the massive floods in China...! Go re-watch those episodes...
It's a far fetched observation that china is a victim of its own debt trap diplomacy. As if china were blindly lending money to developing countries. There's more to money than meets the eye - what china really wants is leverage & being indebted to her is a huge leverage.
Theres an interesting American quote that goes "If you owe a thousand dollars to the bank, you have a problem; But if you owe the bank a billion dollars, the bank has a problem".
I guess it is a question of timing, when China went around lending Money it had not thought of covid, what it got caught in is not in its debt trap but the covid trap
Palki, may be you have heard, China had a record trade surplus of 880B$ in 2022. They are rolling in it. Worry about India, and stop worry about China's forbearance of Africa debts owed to China. They are just helping out their friends.
"China had a record trade surplus " Yes, Yes, China also said Covid doesn't spread between humans and they even had the "numbers" to prove it! We all know how that turned out don't we?! 😅😂🤣
Hindu Gujrati BJP Modi-80 Hated Muslim-s in (Bharat) (Joy Hind) (Joy Mohan Bharat) (India) Hindustan-Pakistan and Shik-s in (India) Hindustan: This Two Palki Sharma and Priyanka Sharma Always Against Muslim-s and Shik-s in Hindustan and Against China: Now-A-Days.
@@jarjarbinks3193 So why do you believe there are any debts, or traps, or forbearance ... May be China doesn't really exist, so there is no trade, no surplus too.
Recent study found that China's bail outs are designed to protect its own banks. China is very selective about the loans it bails out and it bails out only those loans that maximize the pay-back return to its banks. China does NOT bail out loans based on how badly the country that took the loan needs help. That is, China does not care how dire of a situation that country is in. Indeed, China is somewhat likely to bail out a country if it is in a truly dire situation.
Americans Banks are never consider to be of greats,, it's just dollar diplomacy that has held america economy and dollar economy is sk bloody well designed it's really tough for countries to come out of it.
The entire banking sector hasn't collapsed. Just one or two badly managed banks in the US collapsed. And we don't even get to hear how many Chinese banks have sunk.
China is pumping money in to country and the west is pumping arms. The stock of Chines debt is 10% contrast to the IMF, World Bank and the others including Western Corporations, these accounted for 90% . Your focus should be on the IMF and World Bank that is crippling countries.
When First Post first pumped up the return of this lady I thought she would present insightful news. She's not much different than western media. She quoted a CNBC article...
BRI is the largest venture attempted by any county, and more than 50% of the loaned money is now in distress or default. That's expected to increase as developing and emerging economies are so impacted by the fallout of covid, and the ongoing food and fuel crisis resulting from Russia invading Ukraine. Couple that with Evergrand - the most indebted business in the world - and the local government debts accumulated in order to meet prescribed GDP growth requirements .. I think China are not in a comfortable financial position
China prudently invests its surplus by giving debt to 150 countries rather than investing in Fiat American treasuries, which can vanish as Russian foreign currency reserves did.
That's because U.S. treasuries are the safest and give back the best returns. Unlike Chinese treasuries that have low returns and are very risky. Now that China's economy is collapsing, all of their bonds are going to be downgraded to junk status and fall in price by at least 50%. All countries with Chinese loans should get together and refuse to pay back all Chinese loans. They are slowly being cut off from the world anyways. Soon China will be a large North Korea.
No. They destroyed the money in useless projects. When you buy US treasuries, then US imports more from poor countries, circulating the money. China should also have imported more from poor countries, like US does.
Haaaaa!! In order to make the "Curse" work, you have to use "Magic beans" to activate the Curse...She obviously had failed to exercise and use Magic tricks every time on her shows!!
Yes its a miracle China is still around and still in every BRI country. Bad loans doesn't mean China lost but these country will likely recipocate the good will when asked by China in time.
@Nature is the True Religion_rewildEarth 😂 No, he's from Beijing proper. The official Sri Lanka number is 20%. We are not talking of the off-balance sheet items.
@@tankarajsunuwar975 Yes, I have seen plenty of monkeys running wild in Indian streets. Indians even pray to their monkey deity called Hanuman which might have affected their nature.
@@robin4singh Yes, I do see a vast difference between the two countries, especially in infrastructure and technology, which to say India is at least 15 years behind China.
@@offiz I'm NOT worried about Africa, and I will continue to share my thoughts. Be mindful that your approval isn't needed for me to do so. It's called Freedom of Speech. Africa has been dealing with China and little to nothing has changed but more corruption.
US debt - 31 Trillions, China debt - 5 Trillions - China Win US spending 2 Trillions war in 1 country Afganistan China loan 1.5 Trillions to 100 countries 1.5- China Win
India is already helping other countries ! India provided the maximum free vaccinations to other countries as gifts ( notice not debts ) . India helped Sri Lanka , continues to carry on many development projects in Afghanistan,helped Syria and turkey in the earth quake . Don’t you like atleast read before blurting out nonsense ?! What are you so sour about ?!
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The risk of lending is not getting repaid. It looks like a debt trap to bully borrowers, but it also could deliver losses to the lender. Normally a good borrower is a borrower who does not need a loan.
But of course the inability to repay is not a risk but a certainty. If interest is charged, the debt is always larger than the capital available to repay it. Even if interest is not charged, the notion that "development" will always produce surpluses sufficient to service the investment is fundamentally flawed. China has always aimed at mimicking western development but that development is only profitable so long as there is an "undeveloped" world (in capitaist terms) to provide cheap raw materials and an undebted population able to buy those surplus goods. It is a materially unsustainable model and always was.
Your hate for china is amazing. For God's safe u are a journalist. All investment would not succeed because some will failed and thats what we have to understand. Yes China have issues with India but u should be objective.
There are VERY FEW (if any at all) so-called successful "investments" (or infrastructure projects) that China was part of. It was all a "fleecing" operation (to monetize China's overcapacity) from the beginning.
Because they give out loans to countries who aren't eligible for those loans, like Pakistan. Naturally there will be predatory terms but leaders don't care, they're happy with the liquidity injection. It's the citizens whose lives will be destroyed
That's because Palki thinks she's the smartest A$$ in this whole wide world. The rest of the world and certainly the countries interested in BRI are all stupid.
and her criticisms are pretty fair, the great self proclaimed defenders of human rights barely ever hold themselves accountable when they violate human rights or commit war crimes in one of their many wars in "defense of democracy", oh wait, those drone missiles have the lgbtq flag painted on them, dont they? i guess that negates all those dead civilians
China is going out of the way to help the weaker countries. Despite the snares and slanders from critics who you represents China is still forging ahead with her BRI with empathy.
@Andrew HH Every other developed countries. Do you think the World is blind to the exploitative policy of China towards the weaker countries? Bah..quit trying to emulate an ostrich.
Reverse is true coz China is already developed and it's India which is on developing path so red eyes of China on India's rise is what makes Indians retaliate too!
She sounds like one aunty I met while working in a British owned plantation years ago. She loved to spin stories she heard from her Master. Master is the head of the household where she works as a cook.😂😂😂
IMF loans are not debt traps but China loans are. China is not even the largest debtor of many of these countries. IMF have been giving out loans to these developing countries with conditions that developing countries have no ways of paying back.
After the 2008 housing market crash the people who warned us about the crash also said that there would be a China debt bubble crash. I kept expecting it but it's been 15 years before I here anyone talking about it.
Chinese debt needs to be paid back. The first thing to do is sell the American treasury bonds to buy gold to get ready for anchoring the rmb so when it’s needed, monetizing is an option.
@@jarjarbinks3193 Because you get a bunch of green papers for the goods and services you provided for the Americans? That’s why you see Chinese effort pushing for de-dollarization of the world trade. As long as dollar is the reserve currency, Chinese export to all other countries earn only these green papers that the fed can devalue any time they want, or sanction if they see fit. These green bills are nothing but a promise for future paying backs. Americans are handing out empty promises of future payback in exchange for the goods and services that maintain our living styles. Sooner or later the whole world will realize that those promises can no longer be trusted. During the unipolar moment of American empire people had confidence for petro dollar. Now Saudi is selling their oil for all kinds of currencies, dollar is not anchored on anything but US government trust, which is going away really fast.
🤔🤔🤔 This is very amusing! What do Firstpost and India know about China?? Have you checked your facts?? Google is a very useful tool however as a media outlet you still need to double check your sources.
Many Indians predicted the decline of China in the past 20 years and frankly this is Deja -vu. The problem is that the prediction has never materialized in the last 20 years. Rather than criticizing your neibor, India simply should talk to China to solve the border problem then cooperate. If these two powerful countries have coordinated action, nobody can challenge it.
The thing is that china knows what it means to be a poor country, the suffered the same fate. Many countries go to china for help because they don't ask many questions, even IMF wants Pakistan to change it's policy and increase tax before they can get loan...
And that’s why China is a loan shark. A responsible lender would look at the situation critically and ask the borrower to restructure few things (such as taxes n subsidies) that would impact the repayment while a loan shark would not bother in the beginning and once the debt becomes bad, would even go ahead and take possession of key assets against the loan, such as ports (such as the one in Sri Lanka).
I just don't understand any one who blames China for things like this I mean the countries going for the money should know not to make a deal with the devil when you are hungry I mean everyone wants benefits so why blame China
Don't blindly believe in media, media is mostly propaganda of the masters who own media The reality is the present incidents thats all,all these what Will happen in future is just propaganda
US is living on debt. Borrowing 2.5 trillion dollars annually to survive. One third of the borrowed money is for military. The substantially of living in debt is getting worse year after year.
Nonsense. Ask those poor countries if they are in a debt trap. They are thankful someone is helping them to improve their economy and their people welfare.
Why only west should have all the fun? From decades we were waiting for an Indian news channel to show the reality and it burns your ass that is quite evident from your comment.
Just compare - China has given 240 billions to 22 countries in 20 years, to build some inftastructure. The US has given 140 billions to Ukraine in one year, to buy weapons and wage war. And the size of Chinese and American economies is comparable. I mean, there obviously can be problems for China, but I would never believe that their economy gonna collapse because of that. And now, look what is happening with American banking system. It's collapsing right now. I understand that India is in a competition with China, but let's be honest, Chinese are in much better shape than many others. Greetings from Moscow, we ❤️ India!
Palki had been talking China about to collapse financially and economically since Evergrande was closed down. After 2 years , China is still strong both in financial and economic growth, today more countries around the world are joining China’s BRI investments. It is a big story teller that continues to do so, no body would believe except Indians love to hear bad things about China.
No, it's since 2014 this Zee media always tell something bad about China, people in India will never be able to reach the level China is today, not in next million years, because people are really hard working and the government has really developed their country
When it comes to any topics about China, you can see Palki's hatre, jealousy against China. Palki's anti-China attitude has discredited her journalism and professionalism. So SAD!
That's very humble of China to lend money and support developing countries....I don't see any other countries supporting the less fortunate ! Stop bashing China..I don't see India doing the same...! There is a difference between being rich and in a debt trap and being poor and in a debt trap..I guess India is the latter !
China debt trap😂😂😂. At least we can see infrastructures ( roads, airports, railways, and ports) which are fruits of those debts. From centuries what does " IMF" debt builded in those countries. Sometimes you media should stop being hypocrisy and do your jobs.
Palki my baby listen !! What is debt trap.. it means when you get new loan to clear up your previous loan .. India’s income is 20 lac karor.. while India’s expenditure is 30 lac karor exclude interest rate . So india is clearly in massive debt trap . You should tell fairly about India’s debt trap as well before raising finger towards china 🇨🇳. Thanks 🙏
Why do you have the gall to lecture the Chinese on financial governance? How well have Indians done? In 1987, the GDP of both countries was almost equal. But in 2019, China's GDP is 5 times greater than India. There are 229 million Indians who still live in poverty, which is the largest number of poor people in a single country anywhere in the world. I was told by a wise teacher to always zip my mouth, open my eyes and learn from their profits and mistakes.
You do realize you can't compare a communist country with a democratic country. And how good is a Chinese person's life anyway? I have seen on Chinese morning post that people have to leave their little kids locked up in houses to go to work day and night and still ends don't meet. Also, how can you be so sure china is giving you accurate data about how far they have come in getting rid of poverty. Yeah, we lack but learning from a country where one leader has absolute control wont do.
@@sandeeproy1553 Sandeep, Burnol?? My reference was to Fristpost, I was not directing my comments to the news reader personally. Surely Fristpost can do better, with today's open information most audiences cannot be easily fooled.
for very large and powerful countries you cannot calculate and argue in lend, paback or punished terms. They make their own money, they can widen the amount of money, if wanted, the invests in far away countries will slightly pay back in decades. With infrastructure, an african country f.i. widens the range of business and transport; electricity is more stable; and so on. Business possibilities, money, sales, wealth, and the ability to buy and pay goods from far away, will develop slowly.
@@commanderofkesariyaknights Nobody in their right mind is going to make a loan payable in less stable currencies. If it was not the dollar it would be some other currency that is most often not yours.
China curtailed loans to some countries during the past 3 yrs. It may be in a tight spot now, but projections probably showed it in advance. It's therefore a matter of how to bridge it. We have to understand, China is not in the charity business, services delivered have to be paid for. Huge amounts of international debt has been written off in the past. That seems to have stopped. China is not the only country in debt, they did stock up in precious minerals + will be able to get over it.
Yet China is flourishing each day. The China influence grows worldwide . China is guaranteed to have all the resources they need for Chinese peoples as those debtors will pay via resources. Meantime , those recipients has much benefits too. The citizens having a better infrasrurctures n opportunities. China aint stupid with what they had invested. Those critics aleays ended in shame as China will never falls. China economy is not onky contributed by external but 50 percent is thru domestic stimulation .
As much as there may be truth in what you say, First point is an Indian structured outlet. Last time I checked, India and China are geo-rivals. So, who's to say First point isn't biased?
It can be biased.. but she is telling the truth though.. but I don't think china will face any major economic problem, like it is being exacerbated here. It's a strong economy. It will be just fine I guess
Same goes for all major media houses of the world (Al Jazeera, BBC and others). You should probably check arguments from both sides. That will help you realise who is saying the truth.
True , maybe you are right but data doesn't lie. You may makeup stories but you can't make up hard-core data as we can see in Srilanka, Pakistan, Uzbekistan ,Italy and many more nations. Data doesn't lie.
Exactly, if China was doing so poorly America wouldn't be investing in more military bases and Taiwan. It shows the despiration of the West and India smearing China while they continue piling weapons lol.
Also these debts never showed up until the West bankrupted the world with its inflated currency and covid. China foreseen America doing this so it invested in international projects.
Can debt be converted to precious metals and other minerals available locally.. Debt is debt when it is borrowed in foreign currencies and has to be paid in the same currency.
Then they can be tricked as how do you set the rate, according to global markets or according to China? Plus if there's a lack of precious metals how is it possible?
@@mnmhere3321 Central body like Brics plus has to determine the values of these commodities from time to time. Then it will become an economic block. Better than paper manipulation. Nothing wrong with China heading the group since it provides a variety of goods and services.
@@mohamadazamabdullah4191 China is always looking to exploit resources by buying them at cheap with the situation you laid out. If they get a higher price with a reasonable demand then there's no need to give those resources at dirt cheap rates.
Don't make wish it may come true. You may have daughter who reports on every bad decisions you make to your spouse. 😂just kidding it could be the best thing to happen.
If this was India doing this, this lady would be praising India for playing the long game, how smart the Indian government are and calling out the hypocrisy of the West.
Chinese Economy is running surplus with lots of Billions. So, overall it doesn't impact China hard but gives them lot of leverage and to change political landscape in those debt ridden countries and milk them in every which way in the long term.
USA can give loans for any amount. If it cannot recover them it will simply print dollars with no side effect because it's the default currency so every country shares the US debt.
@@joeawk Yes. Virtually No side effects to US alone. Because dollars are held by every one all countries are sharing the inflation burden. This is a scam. Gaddafi was trying to unify Africa to go go for real commodity trade and was assasinated.
The Belt and Road program was never intended to be repaid. These are ports and navel bases. These countries are now beholden to China and will be used for leverage.
@@manofsan that is a very Western point of view. Taken/occupy by force. All these self projections onto the half of Chinese. History had shown that the Chinese rather have a nation come to them rather than invaded other nations for centuries in history.
At least it beats starting wars in those countries. Would those countries prefer dealing with US instead? Who wants to be Ukraine II raise your hand. PS: If US gives back the 31TRILLION dollars that they owe China they'd definitely consider debt relieves for the poor.
It is $860 billion. FYI, China's is actually in a lot worse position than US. US household wealth is $144 trillion,China is like $80 trillion with 60% of that in over priced real estate bubble that might burst very quickly. US can tax its way out of debt with tax revenue of 26% that is way below develop country..Its problem is political in that all it has to tax the rich a bit more.. China simply has a weaker tax base as most of people money is tied up in real estate that takes 35 years of income to pay,while in US it takes 5 years.. People only see debt at the federal level but in turns of overall debt,and relative to wealth,China is in much worse position.
@@tommohsien888 Actually US total debt is 31 Trillion and China owns 1.08T of it. Show me one country has never had a real estate crush and I'll show a pig that flys. If US can rebound from 2008 China will do just fine. Sure Chinese government doesn't tax the crap out of their citizens, But they have way more population to rebuild the economy. Chinese economy is projected to increase by 5.2% this year after the prolonged locked down. Bottom line is China's reviving their economy by creating win win business ventures vs US is making money through wars. Your pick. Also, even though China is still slightly behind US at the moment, don't forget where they came from. They lifted 1.2 billion people out of poverty in mere three decades! That is, according to national bank standard of measurements, 70% of the world poverty. How long do you think it'll take for them to surpass US? On the other hand, with all their wealth and power how much percentage of poverty has US lifted in the same time period? OH that's right, they just killed 2 millions muslims instead!!
It's amazing that these countries are receiving billions of dollars worth of infrastructure for free. China is truly impressive in their ability to manage their resources and provide assistance to other nations. Despite the criticism they receive, China is clearly doing something right if they are able to make 250 billion dollars in just one month.
First that tack over the Polatishians of this country's and after thay pump finance the way thay want and get hold on for there property's after the local governments cannot ignore Finally China dominate this country's and there Lands And Businesses China not like western countries This is there dominance to spread there wings
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The US seems to have invested in a lot of Latin American Nations with the use of IMF "Loans"..... The US appears to have accumulated a lot of Debt as they spread IMF Cash around like candy at a Parade. The world does face some economic issues, and China is involved. The fact that BRICS as a group has outperformed a few Western Nations GDP is a significant indicator of some economic effects moving power and money in directions that the British Empire feared a century ago.
This is not limited to China. Germany also has similar problem. Deutche Bank is to collapse. Too much surplus money is also a big problem. They will lose those money.
