China wants 'BRICS plus' to include 'friendly' countries, plan might hurt India's interests

[Peshwa]

I only answer one thing, China has no kimono. Only the hanfu. About 3000 years of history.

Thanks! Learnt something new.

 

[Jacob Martin]

Again a boilerplate response based on an image of Pakistan created by your media. If debt servicing is the basis you decide whether a country should be part of such an organization then consider this.

Brazil spends 44 percent of their budget on debt-servicing, Pakistan spends less than 24 percent. BTW India is spending 25 percent of its budget on debt-servicing.

Our debt to GDP ratio is 64 percent, much lower than yours and Brazil's (both on 69 percent).

So if that is the criteria, why should India and Brazil be part of this organization.

Your bogus response is appreciated. Firstly, it is a canard to mention the total debt servicing ratio, because what is needed to be addressed is external debt. The question is not the percentage of debt servicing. It is about

A. Who you owe the debt to.
B. How the debt is serviced.

Most functional economies owe most of their debt domestically. So does India. Domestic debt can be serviced in any manner the government seems fit in consultation with the central bank. We do it through accruals and raising money by selling government instruments within the country.

Pakistan repays it's external debt by using tranches it received from the IMF. And the remainder by selling bonds to international buyers. Which means more international debt. In other words, a hand to mouth existence. Do you understand?

 

[Hakikat ve Hikmet]

Indian inferiority at full display. From CPEC to BRICS plus. Highly insecure country. Always feeling threatened by others. Always searching for needless conspiracy theories.

If the news of 17 Turkic horsemen approaching can make the King of Bengal to flee, what else do you expect???? It's embedded into the DNA!!! If the grand master plan of the Indian Chief Gen JN Choudhry, supported by the entire might of the Indian army and implemented with the utmost secrecy, is foiled by a Major, what else can they do?????

 

[Sharpshooter12]

Your bogus response is appreciated. Firstly, it is a canard to mention the total debt servicing ratio, because what is needed to be addressed is external debt. The question is not the percentage of debt servicing. It is about

A. Who you owe the debt to.
B. How the debt is serviced.

Most functional economies owe most of their debt domestically. So does India. Domestic debt can be serviced in any manner the government seems fit in consultation with the central bank. We do it through accruals and raising money by selling government instruments within the country.

Pakistan repays it's external debt by using tranches it received from the IMF. And the remainder by selling bonds to international buyers. Which means more international debt. In other words, a hand to mouth existence. Do you understand?

Wow, you are acting as if India has no external debt at all. Sir you owe international money lenders more than $485 Billion and your government is borrowing to pay the interest over it, infact 77% of your new long-term loans are for servicing of the existing loans.

Your external debt is 22.7% of your Gross National Income, which is comparable to 23.9% of Pakistan's debt to GNI ratio which in turn is lower than Brazil's 24.1%.

So even with all that cherry picking there is not much difference there.

 

[Hakikat ve Hikmet]

China will help Pakistan through CPEC.

Thanks to the Chinese, CPEC will the connect the Turkic world to the subcontinent once again Insha'Allah. For some folks, it wasn't like "Sha'd Ba'd" the last time(s) it occurred!!!!

 

[Rajaraja Chola]

Indian inferiority at full display. From CPEC to BRICS plus. Highly insecure country. Always feeling threatened by others. Always searching for needless conspiracy theories.

Then it means Chinese inferiorty complex for blocking UNSC and NSG Mr. Cheerleader?

 

[Hakikat ve Hikmet]

There is no such thing as BRICS anymore.... when india broke the ranks and went to seek patronage from the opponents of BRICS. Brazil went under due to coupe.

There is only RC in the current BRICS i.e Russia+China.

As the global power balance shits Eastwards.... new equations are emerging.

Time for RC expansion on all fronts as we see from Sino-Pak-Rus-Iran understanding. OBOR and EEU merging. SCO expanding.....

CPEC framework expanding to include CA & Turkey and down the road ME including Eygte and Africa.

Any equations which do not include Pak and Indonessia are bound to unravel.

Soon we shall see the BRICS 2.0 mirroring G20. Long game this...

R+C are building a parrallel universe with China as the Financial Centre of Gravity.

Winning without doing battel is the heighest Virtue!

A great observation. These are the universal Imperial games which warrant to be played with the right mindsets. Incidentally, it's slowly disappearing from the Western folks after enjoying it for >300 years at a stretch. By the by, it's cyclic by nature, but some folks love to always end up at the wrong side!!!

 

[Jacob Martin]

infact 77% of your new long-term loans are for servicing of the existing loans.

Again, you are conflating external debt with total debt. We do as we please with our internal debt, like every other country. And we don't borrow externally to pay our internal debt. The figure of 77% is for total public debt, and not external debt. So we raise money domestically to repay what is owed domestically. We can raise internal debt because our domestic economy produces enough income and people have enough faith in the government to buy its instruments.

Your external debt is 22.7% of your Gross National Income, which is comparable to 23.9% of Pakistan's debt to GNI ratio which in turn is lower than Brazil's 24.1%.

Again, don't avoid the question, how does Pakistan pay its external debt? By borrowing from IMF and debt market. What rate does it borrow at? 8.25%. what is the rate of sovereign guarantee for loans under CPEC? 18%. Why is that so? Because everyone knows that the only way you repay interest and principal is by taking more debt.

In other words, your government is insolvent. No amount of cherry picking can solve that.

 

[Dungeness]

Indian inferiority at full display. From CPEC to BRICS plus. Highly insecure country. Always feeling threatened by others. Always searching for needless conspiracy theories.

Or maybe their fragile superiority at work. The frequent use of the term "Exclusive Elite Club" on Indian media, or by Indian posters, may reflect their desire to be viewed as somewhat "superior". China's proposal of a more inclusive "BRICS PLUS", actually hurts India's "superiority complex", as it dilutes the "exclusiveness" that Indian are so fond of.

 

[Hakikat ve Hikmet]

and what would stop India inviting Vietnam, Indonesia to the BRICS plus then? and why should India object to any other countries joining the BRICS? its not really a security grouping. its just an economic grouping. it might even help in bridging the economic pacts - like the pipeline from India to Central Asia etc

No matter what, at the end of the day, all India wants is Pak to be "dead and gone"!!!!

 

[Arsalan mehmud]

Without China there is no meaning of BRICS so inclusion of Pakistan is not a big issue after all it is economic front

 

[Hakikat ve Hikmet]

India first stop supporting TTP ... Pakistan has geniune concern ... We are facing proved terrorist attacks from Afghanistan not like Indain brain fart terrorism ...

Doval the Devil wants to fight till the "Last Afgan". Pak's job is to sort that "Last Afgan" out ASAP. By the by, isn't it the same Afgan folks who desecrated their Somnath Temple and captured Delhi and decimated the Marahta army???? Dying man catches at a straw, but this time it turned out to be an anaconda!!!

 

[Mangus Ortus Novem]

A great observation. These are the universal Imperial games which warrant to be played with the right mindsets. Incidentally, it's slowly disappearing from the Western folks after enjoying it for >300 years at a stretch. By the by, it's cyclic by nature, but some folks love to always end up at the wrong side!!!

Very true my Friend.... Circle must complete itself. That is the Principle.

However, for every circle the is only One Centre....

When your good Turkey joins CPEC and acts in cooperation with OBOR we shall see a new economic dynamic that has be latent for a long time...

I am sure you can percieve what is opaque...

Peace and progress threatens the existence of violence and misery... Money becomes gold again.

Peace + Progress = Everyone lives in their own country only travellers/traders venture out bringing back tales of wonder.

What we shall see emerge in due time with great speed sans haste is G20 equal under the RC.

Now the fundamental question, if I may ask you kind sir, why would RC want such a thing?

 

[Peshwa]

Or maybe their fragile superiority at work. The frequent use of the term "Exclusive Elite Club" on Indian media, or by Indian posters, may reflect their desire to be viewed as somewhat "superior". China's proposal of a more inclusive "BRICS PLUS", actually hurts India's "superiority complex", as it dilutes the "exclusiveness" that Indian are so fond of.

I suppose then you would have no problem with india joining the UNSC, since china has a policy of inclusive growth? Or is it that the inclusion is only limited to China's friends and minions?
Because Chinese inaction and reservation on expanding the UNSC is exactly the exclusivity that china seeks and values. So please spare us this lecture on Indian mentality, as china is no better or equally shallow. Only difference is that you don't have a free media and we do!

 

[abrar khan]

No it is not. It is just petty jealousy. Even if India gets into the SC, Pakistan can continue to rely on China to do its dirty work like blocking moves against terrorists etc. And India's veto power will never come into play because it will either back US/UK/France or China/Russia depending on the issue. So Pakistan's interests are in no way affected.

your comment are baseless and biased, if india remains out of sc, she cannot veto any move / resolution raised by Pakistan against her dirty work, she will be dependent on big daddy.
Now you need it