China's Westward One Belt One Road Strategy

SamuraiBlue

Captain
China's 'Silk Road' project runs into debt jam

China's massive and expanding "Belt and Road" trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt.

First announced in 2013 by President Xi Jinping, the initiative also known as the "new Silk Road" envisions the construction of railways, roads and ports across the globe, with Beijing providing billions of dollars in loans to many countries.

Five years on, Xi has found himself defending his treasured idea as concerns grow that China is setting up debt traps in countries which may lack the means to pay back the Asian giant.

"It is not a China club," Xi said in a speech on Monday to mark the project's anniversary, describing Belt and Road as an "open and inclusive" project.

Xi said China's trade with Belt and Road countries had exceeded $5 trillion, with outward direct investment surpassing $60 billion.

But some are starting to wonder if it is worth the cost......to read more
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What is interesting is some of the quotes within the article;


Mohamed Nasheed, has said China's actions in the Indian Ocean archipelago amounted to a "land grab" and "colonialism", with 80 percent of its debt held by Beijing.

Sri Lanka has already paid a heavy price for being highly indebted to China.

Last year, the island nation had to grant a 99-year lease on a strategic port to Beijing over its inability to repay loans for the $1.4-billion project.

Sound familiar?

Hong Kong comes to mind for me.
What next??
 

SamuraiBlue

Captain
Are you stupid or just pretending to be?

Getting your house foreclosed by the bank is not the same as getting your house robbed from you at gunpoint.
Don't really care what you think, if you have any problems refute the article!!
And by the way, the one belt thingy was about MUTUAL gain and yet only one side is gaining so what who is at gunpoint and who is holding the gun?
 

jobjed

Captain
Don't really care what you think, if you have any problems refute the article!!
And by the way, the one belt thingy was about MUTUAL gain and yet only one side is gaining so what who is at gunpoint and who is holding the gun?

No one is at gunpoint because there is no gun in the equation. Knowing your kind, perhaps being at someone's actual gunpoint for so long means you've gotten so accustomed that you no longer know what gunpoint means.

Mutual gain is the goal of the project, not the inevitability. Both sides must work hard to achieve it. Evidently, it wasn't enough in the case of Sri Lanka. China lost money and Sri Lanka lost administrative rights over a port.
 

SamuraiBlue

Captain
No one is at gunpoint because there is no gun in the equation. Knowing your kind, perhaps being at someone's actual gunpoint for so long means you've gotten so accustomed that you no longer know what gunpoint means.

Mutual gain is the goal of the project, not the inevitability. Both sides must work hard to achieve it. Evidently, it wasn't enough in the case of Sri Lanka. China lost money and Sri Lanka lost administrative rights over a port.
And who is working?
No PRC did not lose any money since they took away the port WHICH then intended to at all cost with bribes and coercion.
If PRC was looking for a more diplomatic solution they would not have enforced a 99 years lease like Hong Kong.
 

jobjed

Captain
And who is working?
No PRC did not lose any money since they took away the port WHICH then intended to at all cost with bribes and coercion.
If PRC was looking for a more diplomatic solution they would not have enforced a 99 years lease like Hong Kong.

Sri Lanka is so goddamn poor they have literally nothing else to use as loan collateral besides administrative rights.
 

ougoah

Brigadier
Registered Member
Don't really care what you think, if you have any problems refute the article!!
And by the way, the one belt thingy was about MUTUAL gain and yet only one side is gaining so what who is at gunpoint and who is holding the gun?

What? hahaha you can't just say don't care what you think when YOU are the one who used a ridiculous example. HK was taken from China by force and military aggression. Your example simply doesn't work. This is not to say anything about what China is allegedly trying to do here with this "neo-imperialism" but you reveal your intelligence or rather lack of if you cannot criticise the Belt and Road properly. Using HK as an example is simply wrong because China did not force any financial deal onto anyone and furthermore, they did not use force to get a 99 year lease on a port. That was known from the start. Whether or not this is predatory is up for debate but your HK remark is worth garbage. Cheapening out by saying you don't care what others think is so pathetic. Even though I agree with your judgement on OBOR (that's just a personal opinion and without judgement of China), I think you need to come up with some more well thought out criticism.
 
I've noticed about Hambantota takeover some time ago; actually
Dec 9, 2017
Sri Lanka formally hands over Hambantota port to China on 99-year lease
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found using google after I had noticed the tweet
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China Merchant Ports Holdings (CMPH) and the Sri Lanka Ports Authority will co-manage the operations of Hambantota Port after Sri Lanka hands over the port to the CMPH 99-year lease.

DQmx-nqUEAAcf7i.jpg

I wait to see if it's kinda exception, or if it'll become a part of the Chinese 'string of pearls', which would be the case if soon China got for example Mombasa, Kenya

soon = two years from now, OK?

it's similar to what I think about the Chinese buildup in the SCS:
Jun 5, 2018
here's something I want to say:

for me the indication of China building an empire would be if it began to reclaim
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now looked at the map again, Corregidor is 'in sight':
1fbe23d31e6abf5e4f774dbec22d4789.jpg
time will tell
 

ougoah

Brigadier
Registered Member
Even if we want to make direct comparison between historical methods of imperialism with what China is allegedly trying to do, it is still acting without coercion or military force, nor threat of any military force. Everything is pretty much open and no one has a gun to anyone's head. To suggest this, you need evidence and there is absolutely no evidence of force or coercion because it just doesn't exist. It also isn't necessary. China does not have sovereignty over any of these partner nations unlike how the British and Japanese sailed around butchering people as they pleased. To claim Chinese are doing this is such an insult to Chinese people and the victims of actual imperialist scum. Of course the usual suspects are only good at whining and measuring other's by their own pathetic standards.

One will have to wait for the day Chinese people actually commit atrocities to the level the real imperialists did before one can blame Chinese for any crimes. That's how things work. Japanese and British are proven criminals here. History and facts that not a single academic will disagree with. Chinese have not wronged any nation on that scale yet so let's not get carried away with calling China out. Time will tell how well any of this works and so far things seem to be slowing down. Also so far, not a single person murdered in the entire history or this Belt and Road project. Same cannot be said about British and Japanese voyages overseas. Haters love repeating how Mao killed millions like he walked around shooting people in the head. If that standard is used, then how many billions of deaths have the Brits and Japanese been directly and indirectly responsible for?
 
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