China's One Belt, One Road plan `will drive Pakistan, Sri Lanka, Bangladesh, Nepal towards bankruptc

[applesauce]

That is cool, but THIS is pakistan being concerned about pakistan

https://tribune.com.pk/story/1352995/pakistan-will-paying-china-90b-cpec-related-projects/

Pakistan will end up paying $90 billion to China over a span of 30 years against the loan and investment portfolio worth $50 billion under the China-Pakistan Economic Corridor (CPEC), report of a brokerage house estimated.

The estimated return – sum of principal and interest on foreign currency debt and repayment of profits/dividend on equity investment – shows 40% return on investment.

while it's always wise to check the numbers, the article you posted actually speaks rather favorably of the projects, as it states that the expects increase in revenue from the projects(ie: increase trade, more business investments, lowered cost of transport, other benefits) more than makes up for the expect loan payments

in fact, given the span of 30 years, the interest rate on the original 50 billion works out to about 2.1%, which, if you've ever took out a mortgage or any type of bank loan before would know, is very low.

 

[Gibbs]

Good question, so here is their premier Newspaper Dawn $hitting bricks about this "help"

Written by a person No less than the former governor of the State Bank of Pakistan. How is that for credibility ?

https://www.dawn.com/news/1313992

The total committed amount under CPEC of $50 billion is divided into two broad categories: $35bn is allocated for energy projects while $15bn is for infrastructure, Gwadar development, industrial zones and mass transit schemes. The entire portfolio is to be completed by 2030.

........Taking a highly generous capital structure of 60:40 debt-to-equity ratio for energy projects, the total equity investment would be $14bn. Further, assuming the extreme case that the entire equity would be financed by Chinese companies (although this is not true in the case of Hubco and Engro projects, where equity and loans are being shared by both Pakistani and Chinese partner companies) the 17pc guaranteed return on these projects would entail annual payments of $2.4bn from the current account.

As a proportion of our total foreign exchange earnings of 2016, this amounts to 7pc...........The question is: how do we find the extra non-debt-creating resources of $3.5bn to offset this additional burden?

Well who ever wrote the OP has all his/her figures wrong or just exaggerated as usual ala Bollywood style.. The Chinese debt in Lanka is $8 billion not over $10 billion as the article falsely claims

Also the debt issue in Lanka is more due to internal borrowing than the usual Indian hysteria of a Chinese takeover, Add to that so many projects were mere white elephants created by the past regime in Colombo with Chinese loans, Three or four mega projects at most are the issues among dozens of other Chinese investments in the island.. So to reiterate the article is nothing but sour grapes from the usual sources

 

[Jf Thunder]

That is cool, but THIS is pakistan being concerned about pakistan

https://tribune.com.pk/story/1352995/pakistan-will-paying-china-90b-cpec-related-projects/

Pakistan will end up paying $90 billion to China over a span of 30 years against the loan and investment portfolio worth $50 billion under the China-Pakistan Economic Corridor (CPEC), report of a brokerage house estimated.

The estimated return – sum of principal and interest on foreign currency debt and repayment of profits/dividend on equity investment – shows 40% return on investment.

and why is an Indian concerned about Pakistan? you should be happy that we are going to be bankrupt

 

[Chinese-Dragon]

So who are these anonymous "Experts" that the article mention ? Why does India media and it's "Experts" wet their panties every time China yawns towards the direction of the sub continent ?

It's Zee News, so the anonymous "experts" they are quoting are probably the Indian members of this forum itself.

 

[Zee-shaun]

Another wet fart by Indian media, Zee news from Brussels.

These guys are really desperate.

 

[DESERT FIGHTER]

It's zee news..
these Indian clowns have been busted so many times, it's not even funny.

 

[Bibo]

Well who ever wrote the OP has all his/her figures wrong or just exaggerated as usual ala Bollywood style.. The Chinese debt in Lanka is $8 billion not over $10 billion as the article falsely claims

Also the debt issue in Lanka is more due to internal borrowing than the usual Indian hysteria of a Chinese takeover, Add to that so many projects were mere white elephants created by the past regime in Colombo with Chinese loans, Three or four mega projects at most are the issues among dozens of other Chinese investments in the island.. So to reiterate the article is nothing but sour grapes from the usual sources

Your third rate Racist boasts not withstanding,

http://www.atimes.com/article/cambodia-sri-lanka-china-debt-trap/

For the Hambantota port project, Sri Lanka borrowed US$301 million from China with an interest rate of 6.3%, while the interest rates on soft loans from the World Bank and the Asian Development Bank are only 0.25% to 3%. Sri Lanka is very deep in a debt crisis or “debt trap” as some scholars describe it.

Second, Sri Lanka is currently unable to pay off its debt to China because of its slow economic growth. To resolve its debt crisis, the Sri Lankan government has agreed to convert its debt into equity. But the recent Sri Lankan decision allowing Chinese firms 80% of the total shares and a 99-year lease of Hambantota port caused public outrage and violent protests in Sri Lanka.

In addition, Chinese firms have been given operating and managing control of Mattala airport, built by Chinese loans of US$300 million to US$400 million, because the Sri Lankan government is unable to bear the annual expenses of US$100 million to US$200 million.

http://economictimes.indiatimes.com...more-as-part-of-obor/articleshow/58716674.cms

BEIJING: As Sri Lanka struggles to repay a $ 8 billion debt to China, Beijing is "willing to give" an estimated additional $ 24 billion as part of the One Belt One Road initiative.

and why is an Indian concerned about Pakistan? you should be happy that we are going to be bankrupt

We would be happy if you were going Bankrupt, but you are going to be a colony of China and that is bad for us.

We would like to keep China beyond the Himalaya, not right next to us. Similarly we like the US across the Pacific, not next to us.

 

[gayMo]

@Jlaw @Kiss_of_the_Dragon @AndrewJin @Two @Chinese-Dragon @Shotgunner51 @wanglaokan @grey boy 2 @Han Patriot @Max @django @DESERT FIGHTER @PaklovesTurkiye @war&peace @Areesh @Narendra Trump @Spring Onion @maximuswarrior @Windjammer


My Sino-Pak Friends,


Only 16%?

And here we thought China would be charging at least 27% interest rates. Deeply disappointed.

With this pace the colonisation of South Asia will take at least half a century.

Since, now Pak is Chinese colony I guess Pres. Xi can easily snub Mr. Sharif, as per accurate and highly ethical indian media.

By the looks of things China has to learn colonisation and expansion skills from indians.. who have successfully annaxed the Kingdom of Sikkim, turned Bhutan into a vassal, illegally occupied South Tibet and North Eastern States.... Nepal goes without saying. Kashmir, anyone?

Luckily, for South Asia and especially Pakistan... saviour india is on the way...with techology, world class infrastructure building, cutting edge high-speed railways and of course, trillions of cash in hand to help South Asians.... for whom the indians are so concerned.

The indians are offering all this at 0% interest rates payable over 100 years. So, come South Asia hurry up...before indians move to Africa to help those Black Africans...


All in all a poor show from China in colonising South Asia and in the process improving peoples lives...


Truly, heart warming to see indians have the best interests of South Asia and especially Pak in their gentle hearts!


SPF

yes.. now we are targtetting north Tibet as well.

 

[Jf Thunder]

We would be happy if you were going Bankrupt, but you are going to be a colony of China and that is bad for us.

We would like to keep China beyond the Himalaya, not right next to us. Similarly we like the US across the Pacific, not next to us.

so nice of you
but still
MIND YOUR OWN BUSINESS

 

[Bibo]

so nice of you
but still
MIND YOUR OWN BUSINESS

This is minding our own business.

One has to keep a watch on the neighborhood if you want to continue to live in a safe locality.

while it's always wise to check the numbers, the article you posted actually speaks rather favorably of the projects, as it states that the expects increase in revenue from the projects(ie: increase trade, more business investments, lowered cost of transport, other benefits) more than makes up for the expect loan payments

in fact, given the span of 30 years, the interest rate on the original 50 billion works out to about 2.1%, which, if you've ever took out a mortgage or any type of bank loan before would know, is very low.

Anyone who knows how pakistan operates, will know that the project is neither going to be completed on time, nor will they create the kind of revenue.

For this to work, pakistan will need someone like Modi and that is not happening anytime soon. That is the ground reality and I suspect China knows that.

 

[dez01]

yes,this is the way we did that all coutry glad ,include u.

 

[Jf Thunder]

This is minding our own business.

One has to keep a watch on the neighborhood if you want to continue to live in a safe locality.

you already have China in your neighborhood

 

[PaklovesTurkiye]

Anyone who knows how pakistan operates, will know that the project is neither going to be completed on time, nor will they create the kind of revenue.

For this to work, pakistan will need someone like Modi and that is not happening anytime soon. That is the ground reality and I suspect China knows that.

Here is reality check for your rant...U can keep licking arse of Modi...No one gives shit

India’s Chabahar plan faces U.S. hurdle

http://economictimes.indiatimes.com...t-faces-us-headwinds/articleshow/59073935.cms

Gwadar/CPEC is future...U can't do anything about it as project is moving ahead with full steam...

Youth of Pakistan and China has been mobilized...People are starting to learn languages of each other...

While Indians are finding solace in Modi's ***....

 

[Bibo]

you already have China in your neighborhood

Beyond the Himalayas and that is how we like them. Unless you are claiming that pakistan is a colony of China

Here is reality check for your rant...U can keep licking arse of Modi...No one gives shit

India’s Chabahar plan faces U.S. hurdle

http://economictimes.indiatimes.com...t-faces-us-headwinds/articleshow/59073935.cms

Gwadar/CPEC is future...U can't do anything about it as project is moving ahead with full steam...

Youth of Pakistan and China has been mobilized...People are starting to learn languages of each other...

While Indians are finding solace in Modi's ***....

Moving with "full steam" sounds like a bad joke in pakistan

 

[PaklovesTurkiye]

Beyond the Himalayas and that is how we like them. Unless you are claiming that pakistan is a colony of China



Moving with "full steam" sounds like a bad joke in pakistan

Which proves my point that the moment you'll see your Chabahr getting down in hole while Gwadar is getting ahead with mighty backing of Pak-China combo, your khakhi sanghi chaddi bakhtigiri brain won't comprehend things anymore