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Pakistan rejects China debt trap theories

factories relocation requires half to one decade until that time many such events will occur which may effect this process,when china promote their own domestic currency instead of dollar for trade with these countries poverty will end in these countries and u.s and europe will become less rich,also demand of russian and gcc oil will rise once china buy their oil for production using their own currency instead of dollars and in return sell their products to these nations
I now have started to doubt your understanding of economics. It's India whose economy is driven by domestic consumption and China is a export driven economy so China is going to suffer severely. And majority of China's revenue come from Europe and the US which are now reducing trade with China. Russia is a weak economy suffering from fall in crude prices and so is the case with ME and GCC countries, they can't contribute much to China. Pakistan's economy is on the verge of collapse and it's aid money and waivers that keep it going. North Korea is a dysfunctional state and totally dependent on China for its existence and Sri lanka imports majority of its supplies from us. And that includes railway engines, automobile, weapons and lot of other essentials. So again china is screwed.
 
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factories relocation requires half to one decade until that time many such events will occur which may effect this process,when china promote their own domestic currency instead of dollar for trade with these countries poverty will end in these countries and u.s and europe will become less rich,also demand of russian and gcc oil will rise once china buy their oil for production using their own currency instead of dollars and in return sell their products to these nations
Oh come on now. I think pakistan will be the only country to accept payment in Chinese currency. And China serves itself and not the country it does trade with. Just look at your own country. You have been associated with then since decades now. Have you become rich? You became poorer instead. Countries like Nigeria and Sri lanka have seen the ugly face of Chinese imperialism behind the facade of bonhomie but not you. Just compare the rate of interest charged by the IMF and China on loan extended to you. China is no one's friend you are going to realise it the hard way.
 
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west was selling products in past at much higher price as compared to what china is selling these days and after we switched to chinese products quality of life of our common public has improved much,chinese interest rates are low and it was false allegation that interest were high,actually they were much lower than imf,imf exploits our public by forcing govt to impose high tax on daily used items of poor man but china never imposed such condition on any loan so u.s and their allies are much more imperialist than china
Oh come on now. I think pakistan will be the only country to accept payment in Chinese currency. And China serves itself and not the country it does trade with. Just look at your own country. You have been associated with then since decades now. Have you become rich? You became poorer instead. Countries like Nigeria and Sri lanka have seen the ugly face of Chinese imperialism behind the facade of bonhomie but not you. Just compare the rate of interest charged by the IMF and China on loan extended to you. China is no one's friend you are going to realise it the hard way.
 
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Sri Lanka was also thinking that there is no debt trap and before they knew it, their port was gone!

I love the way Pakistan defends China over it's own interest. This is gonna be interesting in a few years.
 
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west was selling products in past at much higher price as compared to what china is selling these days and after we switched to chinese products quality of life of our common public has improved much,chinese interest rates are low and it was false allegation that interest were high,actually they were much lower than imf,imf exploits our public by forcing govt to impose high tax on daily used items of poor man but china never imposed such condition on any loan so u.s and their allies are much more imperialist than china

It's your country and its your choice who you want to associate with but you should not forget the history. Who is more imperialistic is a different topic of discussion but US never abandons it's allies. Pakistan saw impressive growth in economy during the mid 60s and received state of the art weapon systems from the US and west all because the US stood behind you firmly. It even dispatched it's navy to help you in war against us. Although they couldn't do much. Now compare that with China's contributions. They have only abandoned you in need. You may think that they are your iron brothers and your friendship is higher than and deeper than but it's only their enmity with India and political ambitions that have kept this association with you. They don't share the same emotions as you about this.
 
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Pakistan rejects China debt trap theories

profit.pakistantoday.com.pk/2020/05/22/pakistan-rejects-china-debt-trap-theories
Staff ReportMay 22, 2020
16-4-696x432.jpg


ISLAMABAD: Pakistan on Friday debunked the claims being projected about the so-called ‘heavy debt’ related to China-Pakistan Economic Corridor (CPEC), with the Foreign Office once again clarifying that total public debt involved with CPEC outlay was mere 10pc of the country’s overall debt.

“We have reiterated many times that our total public debt relating to CPEC projects is less than even 10pc of the total debt. Moreover, the public debt obtained from China has a maturity period of 20 years and the interest is 2.34pc. If grants are included, the interest value slides down to about two per cent,” said the Foreign Office spokesperson Aisha Farooqui, rejecting western propaganda over CPEC.

“The claims made by some of the commentators and public officials on Pakistan’s debt obligations relating to CPEC are contrary to facts,” she said, adding that CPEC, a long-term project, has helped address development gaps in energy, infrastructure, industrialization, and job creation.

“Pakistan and China are ‘all-weather strategic cooperative partners’. We are engaged in prompting peace, development and stability in the region based on the principles of mutual respect, mutual benefit, win-win cooperation and shared development. Our ties are based on deep mutual trust and understanding.”

Farooqui said that economic development and long-term prosperity of the people is our government’s top priority.

“CPEC, a flagship project of BRI, is a transformational project contributing positively and transparently to Pakistan’s national development. Pakistan believes that regional economic connectivity will provide a critical stimulus for creating broad-based growth across the region.”

The spokesperson said that Pakistan and China have several mechanisms to discuss matters of mutual interest. Both countries are regularly in touch to address those issues bilaterally.

https://profit.pakistantoday.com.pk/2020/05/22/pakistan-rejects-china-debt-trap-theories/
Definitely they won't, one year ago people here in pdf were screaming with joy
Saying CPEC was their saviour, gwadar will become Dubai and china gave loans generously...

The pain in the a*s will start once money needs to be repayed

Pakistan rejects China debt trap theories

profit.pakistantoday.com.pk/2020/05/22/pakistan-rejects-china-debt-trap-theories
Staff ReportMay 22, 2020
16-4-696x432.jpg


ISLAMABAD: Pakistan on Friday debunked the claims being projected about the so-called ‘heavy debt’ related to China-Pakistan Economic Corridor (CPEC), with the Foreign Office once again clarifying that total public debt involved with CPEC outlay was mere 10pc of the country’s overall debt.

“We have reiterated many times that our total public debt relating to CPEC projects is less than even 10pc of the total debt. Moreover, the public debt obtained from China has a maturity period of 20 years and the interest is 2.34pc. If grants are included, the interest value slides down to about two per cent,” said the Foreign Office spokesperson Aisha Farooqui, rejecting western propaganda over CPEC.

“The claims made by some of the commentators and public officials on Pakistan’s debt obligations relating to CPEC are contrary to facts,” she said, adding that CPEC, a long-term project, has helped address development gaps in energy, infrastructure, industrialization, and job creation.

“Pakistan and China are ‘all-weather strategic cooperative partners’. We are engaged in prompting peace, development and stability in the region based on the principles of mutual respect, mutual benefit, win-win cooperation and shared development. Our ties are based on deep mutual trust and understanding.”

Farooqui said that economic development and long-term prosperity of the people is our government’s top priority.

“CPEC, a flagship project of BRI, is a transformational project contributing positively and transparently to Pakistan’s national development. Pakistan believes that regional economic connectivity will provide a critical stimulus for creating broad-based growth across the region.”

The spokesperson said that Pakistan and China have several mechanisms to discuss matters of mutual interest. Both countries are regularly in touch to address those issues bilaterally.

https://profit.pakistantoday.com.pk/2020/05/22/pakistan-rejects-china-debt-trap-theories/
Regarding the interests quoted by a government official, has the government of Pakistan released those agreements to public?

lets get one thing straight

80% of Pakistan foreign debt is to Western countries which accounts to less than 20% of our infrastructure

20% of Pakistans foreign debt is to China which account for 80% of our infrastructure development

so someone explain to me this China debt trap?
Any links to support your claims??

This whole projects was meant for facilitating the movement of Chinese goods to the countries in South and Central Asia. But the spread of China virus has angered almost every country in the world and this anger is directed against China and many countries have started to reduce trade with China gradually and banning China made goods. There won't be any buyers of Chinese goods soon so this project is already dead. There is won't be any returns for China.
This project was always meant to be a connection to China's western part by road.... A bypass for oil transport in case their eastern sea shore is blockaded by usa etc...

BRI in current form is already dead

delusions,end users not hate chinese products and only need value for money,just like indian medicines and movies have end users in Pakistan despite extreme hate between two nations
Well, that's true...
What happens if taxes on products increase???
 
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people will try to get these products through smuggling
Definitely they won't, one year ago people here in pdf were screaming with joy
Saying CPEC was their saviour, gwadar will become Dubai and china gave loans generously...

The pain in the a*s will start once money needs to be repayed


Regarding the interests quoted by a government official, has the government of Pakistan released those agreements to public?


Any links to support your claims??


This project was always meant to be a connection to China's western part by road.... A bypass for oil transport in case their eastern sea shore is blockaded by usa etc...

BRI in current form is already dead


Well, that's true...
What happens if taxes on products increase???
 
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factories relocation requires half to one decade until that time many such events will occur which may effect this process,when china promote their own domestic currency instead of dollar for trade with these countries poverty will end in these countries and u.s and europe will become less rich,also demand of russian and gcc oil will rise once china buy their oil for production using their own currency instead of dollars and in return sell their products to these nations
Gone are those days which takes decades/years to shift factories..
 
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people will try to get these products through smuggling
Really, using what?? Submarines?
For that scenario to happen, such good should be easy to hide, less volume to transport and very good returns..

Example - Gold.. E
ven if land borders are used chinese products without warranty will shoo those customers away
 
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training labor and building necessary infrastructure requires years particularly in underdeveloped third world country like india
Gone are those days which takes decades/years to shift factories..
 
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west was selling products in past at much higher price as compared to what china is selling these days and after we switched to chinese products quality of life of our common public has improved much,chinese interest rates are low and it was false allegation that interest were high,actually they were much lower than imf,imf exploits our public by forcing govt to impose high tax on daily used items of poor man but china never imposed such condition on any loan so u.s and their allies are much more imperialist than china
What are those products hero,daily electronics??
Literally nothing of consideration till last few years... Only since last few years china produced some good quality high end engineering material ( am not sure regarding their economic frugality though ). IMF and china are different. Their targets are different. Even india borrowed from IMF at their terms

training labor and building necessary infrastructure requires years particularly in underdeveloped third world country like india
Good point actually... These are actually divided into skilled, semi skilled and highly skilled jobs. Only last is hard to replace

In today's scenario india already have all 3 ready.... I think Vietnam has also got a good base of workers

total boycott is impossible,there will be some ,also china may launch such virus to originate from new countries where factories are shifting promoting hate against them
That will be the worst of all ideas, it will literally screw their name for ever. No one will ever side with them ever
 
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Downfall of China has already started no matter what you say. All countries are united against China and their Trade policies have already amended to isolate China. Just recently 133 Chinese companies have been banned by the US and India banned China from investing in Indian cos. Also a trade war is going bet China and Australia and manufacturers are pulling out of China. I suggest you keep yourself abreast of current developments in the international sphere.
Their downfall won't be that easy, they have very good fundamentals in financial security...
But all major countries going against them will have them by their balls

Sri Lanka was also thinking that there is no debt trap and before they knew it, their port was gone!

I love the way Pakistan defends China over it's own interest. This is gonna be interesting in a few years.
Truly

The 80% of Western debt of Pakistan, went to fill the bellies and pockets of traitor politicians, political mafias and their families. Haram Khor, kuttay ki nasal, ghaddars.

Western debt translates into expenses paid in order that leadership in Islamabad, be elected by Washington DC, not the people of Pakistan. Scum like the Sharifs, Zardaris, Bhuttos, their families, their thugs and their families, are the ones who squarely are responsible for the destruction of Pakistan's economy.

China on the other hand, spent the money in the development of their projects, so that the North-South Corridor be built and infrastructure was built to cater to this Corridor. China did this, so it can extend it's economic power across the Arabian Sea, into the Middle East and overpower it's rival, a weakling, hindia.

The only reason why CPEC is possibly beneficial to Pakistan, is where an intelligent nation (which Pakistanis seem adamant in proving otherwise), which is united (which Pakistanis are determined to prove they are not), would exploit this infrastructure development to hammer down and build up it's industries through sheer hardwork, accountability and honest governance.

Any country in Pakistan's place, which is determined enough, would exploit this opportunity and propel further as an economic powerhouse, than South Korea or Turkey.

Pakistanis seem to be a deluded bunch, who worship anything because they think everyone is better than them. That's because they put down their own and fight amongst themselves like a pack of rabid dogs. They admire and are head over heels for Turkey, but they can't muster enough courage and unity long enough, to get their collective heads outta their asse$ in order to emulate or surpass Turkey as an economic power.

Pakistanis seem to have another pitiful mental disease. They seem to think that some savior will rescue them from their plight. Meanwhile, rat-b@stards such as Sharifs, Zardaris, Bhuttos and Talpurs looted and plundered and raped Pakistan's wealth.

Now, like a bunch of mindless buffoons, some among Pakistanis are calling China's CPEC, a death trap. Well news flash buddy, of course CPEC would be a death trap, when in Pakistan j@ck@$$es like the land-mafia, wheat-cartel and diesel-gangs run rampant. Where provincial govt of sindh is as jahil and gawaar and adamant as the bjp mafia in hindia.

Any sensible nation (not Pakistan of course) would have the intellectual capacity, the proactive approach and the will power to exploit CPEC. Leaving every country in it's immediate neighborhood behind in the dust, and growing economically so powerful and with such lightning speed, that enemy is left dumb founded.

But that's just any sensible nation, not Pakistanis, who act like a bunch of 5 year old spolit brats, with brains made of corn and cattle feed.
Quite an emotional post I say, but what's the eventuality??
China literally got Pakistan by its ba*ls.
You are dependent on them financially, diplomatically and military....

You can't exploit them. They already have exploited you
 
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