US steps up belt and road offensive saying it offers fairer deals than China’s ‘debt trap’

[nahtanbob]

Dont worry, when usa goes under u can still migrate to india

The largest democracy + total freedom

worry about malaysia when malays kick your chinese rear out

 

[maximuswarrior]

What a desperate fvcks.

 

[Aasimkhan]

America offering fair deal ? HA HA HA HA What a joke

 

[maximuswarrior]

worry about malaysia when malays kick your chinese rear out

What up Bobby? Why so much desperation?

 

[LeGenD]

American investments in Germany after World War II = Germany back on its feet

American investments in Japan after World War II = Japan back on its feet

American investments in South Korea after the 1950s = South Korea becoming a prosperous country

American investments in China after the 1960s = China becoming a superpower

American investments in KSA in current times = KSA becoming a prosperous country

I can provide additional examples.

Some people in their blind hatred of US fail to see the bigger picture.

 

[Aasimkhan]

American investments in Germany after World War II = Germany back on its feet

American investments in Japan after World War II = Japan back on its feet

American investments in South Korea after the 1950s = South Korea becoming a prosperous country

American investments in China after the 1960s = China becoming a superpower

American investments in KSA in current times = KSA becoming a prosperous country

I can provide additional examples. Some people in their blind hatred of US fail to see the bigger picture. Open your eyes.

American destruction of Iraq, fiasco
American destruction of Libya, fiasco
American destruction of Syria, fiasco
American destruction of Yemen, fiasco
American destruction of Afghanistan, fiasco
American destruction of red indians, fiasco
the list is unlimited

 

[LeGenD]

American destruction of Iraq, fiasco
American destruction of Libya, fiasco
American destruction of Syria, fiasco
American destruction of Yemen, fiasco
American destruction of Afghanistan, fiasco
American destruction of red indians, fiasco
the list is unlimited

1. Iraq is recovering.
2. Yes; NATO ruined this economy.
3. Syria self-destructed.
4. GCC is responsible.
5. US tried its best to fix Afghanistan but Afghans are a lost cause.
6. What? Irrelevant.

US can be absolutely unreasonable in its dealings at times but it have shifted fortune of many countries for the better as well.

My point is that potential criticism should have merit and free from biases.

 

[nahtanbob]

American destruction of Iraq, fiasco
American destruction of Libya, fiasco
American destruction of Syria, fiasco
American destruction of Yemen, fiasco
American destruction of Afghanistan, fiasco
American destruction of red indians, fiasco
the list is unlimited

Iraq is better today than in 2003. Ask Iraqis.

Syria is not America's war. Tell it to Turkey, Russia, Iran and Saudi Arabia

Yemen is Saudi Arabia's war

Afghanistan is courtesy of Pakistan

 

[lonelyman]

US steps up belt and road offensive saying it offers fairer deals than China’s ‘debt trap’

• Video on US State Department website tells countries to ‘be wary’ of risks from Beijing’s infrastructure drive
• America is trying to promote its ‘fairer and more transparent’ alternative

Orange Wang Friday, 3 May 2019, 5:35AM

The United States has stepped up its attacks on China’s Belt and Road Initiative claiming Washington offers a better option through “transparent, free and fair trade deals”.

ShareAmerica, a website managed by the Department of State to promote US policy and culture, warned in a new video that as China pushes the initiative, countries should be careful “not to get caught in China’s belt and road debt trap”.

The video – which has been subtitled in six other languages, including Chinese – repeated warnings from the Centre for a New American Security, a US think tank, that taking part countries would face the risk of excess debt, environmental problems and losing control of their strategic assets if they signed up for the transcontinental infrastructure project.

The clip, which urged countries to “be wary and examine the record of previous investments” was posted on April 25, the first day of the second Belt and Road Forum in Beijing, where China welcomed leaders from 37 countries and signed US$64 billion worth of deals.

On Thursday the US embassy in Beijing retweeted the warning in a Chinese language post.

Concerns that countries that sign up for the initiative will end up being saddled with unsustainable debts have been growing – even among those that have endorsed it – prompting an effort from Beijing to allay those fears.

At last week’s summit Chinese President Xi Jinping, defended the plan saying it would benefit all its participants and not just China.

While the spotlight focuses on belt and road forum, the subplot evolves offstage

“The belt and road is not an exclusive club,” he said, “it aims to enhance connectivity and practical cooperation … delivering a win-win outcome and common development”.

The Belt and Road Initiative has been seen as an attempt by China to strengthen its global influence through reshaping the economic and geopolitical landscape across the world, and been attacked as form of “chequebook diplomacy” that might damage its partners.

The ShareAmerica video repeated these warnings, saying the “liabilities for host countries – loss of control, opacity, debt, dual-use potential and corruption – are often strategic assets for Beijing”.

As an example of the risks, it cited the Chinese-funded Coca Codo Sinclair dam in Ecuador – which has been beset with allegations of corruption and bribery and contributed to a situation whereby the South American country has to hand over 80 per cent of the oil it produces to China to pay its debts.


Last month the US announced that its Overseas Private Investment Corporation would team up with its Canadian and EU counterparts to offer emerging economies a development alternative to “unsustainable state-led models” – a veiled reference to the Belt and Road Initiative.

The ShareAmerica website has posted a number of other videos and articles criticising China.

China seeks to prove critics wrong with star belt and road projects

These include attacks on its repressive controls in Xinjiang, where the United Nations has estimated that a million or more Muslims are being held in detention camps; on Chinese lending and support for businesses in Venezuela; and warnings that Confucius Institutes in American universities threaten academic freedom.

The video highlighted US warnings of a debt trap associated with the project. Photo: Handout


However, earlier this week the Rhodium Group, a New York-based consultancy, downplayed the risks of a belt and road debt trap by saying that China was generally inclined to renegotiate or write off belt and road debts rather than seizing assets.

Its research looked at 40 cases of external debt renegotiation between 2007 and this year and found there was only one confirmed case of asset seizure – the Hambantota port in Sri Lanka.

yes, take a student loan at 8% to go to college is dept trap
take a mortgage at 5% to buy a house is debt trap

Chinese loans with no strings attached at 2% is debt trap

only American (IMF, world bank) loan at 10% is good loan, it's democracy, it has the best interests of African people in heart,

wondering what american government call people buying on credit card (easily 15%) debt trap? why don't they shut all credit card/finance companies on wall street?

 

[maximuswarrior]

yes, take a student loan at 8% to go to college is dept trap
take a mortgage at 5% to buy a house is debt trap

Chinese loans with no strings attached at 2% is debt trap

only American (IMF, world bank) loan at 10% is good loan, it's democracy, it has the best interests of African people in heart,

wondering what american government call people buying on credit card (easily 15%) debt trap? why don't they shut all credit card/finance companies on wall street?

LOL the biggest debt trap nation on the planet is the US where its own citizens end up paying obscene amounts of loans and mortgages as soon as they enter schools and universities.

 

[Microsoft]

Iraq is better today than in 2003. Ask Iraqis.

Syria is not America's war. Tell it to Turkey, Russia, Iran and Saudi Arabia

Yemen is Saudi Arabia's war

Afghanistan is courtesy of Pakistan

Rahul are you some kind of mental patient? You want to ask Iraqis? Here:

How convenient of you to leave out Israel from you list for Syria.

 

[nahtanbob]

Rahul are you some kind of mental patient? You want to ask Iraqis? Here:

How convenient of you to leave out Israel from you list for Syria.

Please ask Iraqis. 80% are happier than before.

20% of Iraq is hit by insurgency. 80% is fine. The article refers to the 20% that has been hit

You can add Israel to the list for Syria. You have no problem sucking upto the Russians, Iranians, Saudis and Turks. Does it matter ?

Chinese loans with no strings attached at 2% is debt trap

no strings attached ?? a nice joke

 

[Microsoft]

Please ask Iraqis. 80% are happier than before.

20% of Iraq is hit by insurgency. 80% is fine. The article refers to the 20% that has been hit

You can add Israel to the list for Syria. You have no problem sucking upto the Russians, Iranians, Saudis and Turks. Does it matter ?

No it doesn't talk about "20%" where are you getting your bullsh*t numbers from? There are people who were imprisoned and tortured by Sadam as well as their family member and they wish for Sadam to be back in place of what is there now.

No one is sucking up except you sucking up to Israel like a good goy. Why are there American soldiers in Syria if US is not involved?

 

[lonelyman]

no strings attached ?? a nice joke

Compared to IMF/American loans, definitely no strings attached.

Unlike western's whites arrogance, we don't dictate what others should do or shouldn't do

 

[nahtanbob]

Compared to IMF/American loans, definitely no strings attached.

Unlike western's whites arrogance, we don't dictate what others should do or shouldn't do

other than taking other country's land for 99 year leases