China's Overseas Investments Total $932B, Can Countries Afford The Price? | CNA Correspondent
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- čas přidán 21. 09. 2022
- Since 2013, total cumulative Belt and Road spending by China has reached over US$932 billion in countries across Asia, Africa and Latin America. While its model of development in some of these countries has improved lives and gained public support, there are also concerns over the debt burden it imposes.
From Malaysia, Nepal and Uganda, CNA Correspondent takes a closer look at Chinese investments overseas, and explores whether the price is too high to pay for its partners.
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About CNA Correspondent: Highlights of news stories and features by CNA's network of Correspondents based in major cities across the region.
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Hmm, I also want no strings attached when i borrow from the local bank... Anyone know if such a bank exists?
IMF or World Bank is the real debt trap.
Under China, s BRI infrastructure program , 165 Non - Chinese countries OWE China US 385 billion ? The Chinese Banking loans - secretive , hidden , controversial ? How ? Can you explain ?
@@nantakumaran9789Willing buyer willing seller!
Nothing is free in life. Sometimes we just are not aware of the price yet.
What do you mean? Be truthful and precise.
@@hangtuah888 don't worry about the truth. history will show.
@@ernestkj History is the truth exposed overtime? What level of education did you attained? Pray tell. From your sentence I can tell English is not your mother's or even father's tongue. Learn how to punctuate so as to not expose your inadequate education. How about learn how to punctuate like having Capital letters for any words at the start of the sentence. Next time when you are the butcher, try and purchase a brain, it helps.
Like the West suggests using their currency (dollar, euro) for international trade, simply for the sake of convenience. Right? Right?
@@oceanwave4502 you are free to use any currency for transaction when your country is doing the sales
The fall of Ming Dynasty voyages abruptly due to wars in Korea and Manchu invasions around 1500s paved way to western colonialism, slavery,apartheid and native genocides.
Don't worry! Chinese belt and road initiative is not IMF or World Bank debt trap
The African professor with glasses said after Chinese positive engagement with Africa all the other superpowers like USA, Europe and India are coming to Africa and participating in discussion debate about the harmful affect of China's debt tran, but what are all these country doing for Africa?? Where is the money for road, hospitals, schools etc from the west and India???
What about addressing more fundamental questions likes what happened to these countries that their governments aren’t able to build infrastructures for themselves. After so many decades of civilisation across the world, and maybe help from other countries what’s stopping these countries to provide basic needs for their citizens? Are the answers too obvious or is the problem too complex to unravel?
All countries should question can developing countries afford overpriced western weapons from US regime
@@aslampervez2294 stop spamming,,, We know you hate the US... your copy paste comments are wumao level of comment,, at least try to make your comment organic.. and make it less obvious,,,
and whats chinese true motive .. to help or to enslave? self inflicted curse is worst than any conditional help.
If new infrastructure cannot be managed or utilised by the masses it maybe considered a waste of investment… you need to cater to the populations basic needs first… education, clean water, medical facilities, factories… with educated workforce, they would have the means & places to spend their money… than that wealth goes around… just don’t expect a return on investment in five years
@@ashoktim2742 neither, they are there to earn $. They do wish Africa can grow and develop so they can afford more Chinese goods. Unlike the west, who impose their ‘democracy’ system in Africa in exchange for help. China’s condition is just to make a profit
‘’Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off."
Making it out at a young age is quite difficult. I started a side hustle at 17, saved up and made some good investments. l'm 28,live on my own and having a good life for myself. Big ups to you and everyone out there trying
Sounds like plan, how do you put money to work?
@@steceymorgan814 Yes it sure is. I put in money in investments and get profits. That 's how I make more money without working. This does not sound new to you right ?
@@michaelcollins1220 Thanks for replying me, I've heard so many people talk about investment but none had said how to do it right.
Am hoping on you can explain more on how you make extra income from investments
I check out this video because of the text spread across the video thumbnail : "Chinese Money: No strings attached". However upon viewing, the issue is actually - can countries afford the infrastructure they sign on with China. These are two completely different issues. The first phrase implies something sinister on the part of China to unjustly entice, while the latter reflects on the economic challenges encountered during the execution phrase of the contract. I am no China supporter but I find this video does not do justice in so many fronts - front the title in thumbnail to claims of debt trap etc. CNA can do better than this.
“想致富，先修路”，这个简单道理，穷人为什么会越来越穷，不是不够勤奋，而是大脑永远不开窍。
中国靠40年时间，改革开放走到了目前规模，还有人贴标签："sinster, unjustly entice, trap...“ 愚昧啊，人要变富有，先要改变的是思维。
All countries should question can developing countries afford overpriced western weapons from US regime
US work with 3rd world countries and provide bombs. China work with 3rd world countries and provide infrastructure. Which is better you decide.
@@zwwdplay19830914 强大的中国却越来越来多审查，无疑就是脆弱玻璃心作祟，害怕批评. 最终中国只是个“墙国”.
Its probably bait clicking. If the title is positive toward China, Western audiences will tune out in light of the MSMs success in painting China out to be the bad guy.
There's a rather worrying subtext to this whole narrative. When China was investing in a nuclear power station in the UK, nobody was asking, can the UK afford it. Nor was their any questioning as to whether the USA could afford Chinese investment in railcar manufacturing. Nor indeed has anyone questioned Hungary's ability to pay for Chinese built infrastructure.
But mention Pakistan, Sri Lanka or any of the fifty African states with often huge Chinese built infrastructure and then suddenly we're asked, can such countries afford the price. I don't want to point out the obvious line that divides those we question and those we don't, but it's not about levels of development. If it were, surely we'd be asking if countries such as Serbia, Montenegro or North Macedonia could afford Chinese infrastructure costs in equal measure as we ask that question of Namibia, Gabon or the Dominican Republic, all of which are upper middle income countries.
On the flip side, which of the countries in which China is involved in infrastructure building does not have debts to the Word Bank, IMF or International banks. Or which of those countries will be excluded from any share of the US led $600Bn Partnership for Global Infrastructure and Investment, for surely if they can't afford China's infrastructure presumably they can't afford the fund designed to be an alternative to the Chinese option. Of course nobody will be excluded, or seen through another lens, be abandoned to the Chinese. It's clear, the problem is not the debt, but the creditor, China.
The supposed concern for the financial stability of sovereign states is based on a view of certain states as having no agency of their own. They are nearly seen as pawns in the great game of geopolitics. The collective West does not want to save Sri Lanka from debt, but from the influence of China. there were two feasibility studies for.the Chinese financed Sri Lankan port that failed and the Chinese ending up leasing off the Sri Lankan state. The first feasibility study was completed in 2003 by a Canadian engineering firm, SNC-Lavalin. However, it was rejected as incomplete. Three years later, Ramboll, a Danish consulting firm undertook a second feasibility study. It projected that dry and bulk cargo would constitute the main traffic for the port until 2030. Hambantota Port was expected to handle approximately 20 million twenty-foot equivalent units by 2040.China built the port in good faith, and yet it is China that is blamed for its failure, Sri Lanka portrayed as a victim of a debt trap which forced them to give the port to the Chinese. Why do we never hear of the culpability of the Canadians or Danes?
The colonial attitude that the local people with less than white skin are incapable of managing their own affairs has to stop. It is from the continuing belief in the White Mans Burden by too many in the political Establishments of the collective West that allows the white saviour attitude to flourish and exemplified in the narrative of the Partnership for Global Infrastructure and Investment project.
Pretending to want to help countries develop when the only motivation is to throw a spanner in China's genuine attempts to support countries develop is shameful. Sadly it will be of little surprise to people in those countries.
This needs a context. The US spent $2.26 trillion in Afghanistan and brought much death destruction and misery in the process. By comparison, China spent $926b on infrastructure that will actually be very useful. Yes, there will be side effects. But, is there an alternative? There is no other player in the game. The US for example, doesn’t have the infrastructure building capacity to replace it’s own crumbling infrastructure. Instead, of infrastructure, the US sells arms. Which is the less harmful of the two?
Comment brought to you by the CCP.
@@zico739 incorrect. I have no relations to the CCP. I am a Singaporean who has eyes to see. On the same note, I could just label you a CIA bot and dismiss your comment for what it is. A stock answer from someone who has nothing truthful to say in rebuttal
@@zico739 dumbest comment by CIA bot
Yea, westerners are incapable of building anything.......? BRI as you indicate is a plan to export Chinese civil engineering. While westerners look more closely at return on investment China has no strings and shorter high interest loans that are often opaque. I don't believe there is a deliberate debt trap here. China will want her money back. We have yet to see how generous they are on debt forgiveness. Westerners aren't that good be interesting how China behaves. China has forgiven some African debt. See what happens in Zambia.
Speechless
Money is money! Whether it comes from China or the West. It's never for free. Saying that money coming from China has string attached and dramatizing it is kinda silly. World bank and IMF have been doing it for centuries. If you wanna get loan from the west, you have to practically sacrifice your independence, sovereignty and let the west particularly USA managed your govt and once a while organised coup or counter coup against President who are not willing to be American puppets
Western investment???😆
It is an oxymoron term suitable for their buttholes? Just like NATO, No Action Talk Only.
looking forward for it
These projects are not commercially viable in the short term therefore there is a huge risk that they will not be able to pay back their loans. If that happens China, the lender is the one to suffer. Still, it will benefit the countries in the long term, and maybe in a bigger picture, it is viable, ie you take into account economic growth they drive, health care access they improve, etc. I would say China is doing a good thing for those countries
The Ugandan motorway was hardly being used. Doubt there will be a return on investment there. The Nepalese dam looks like the ideal investment. I carn't see the Malaysian one breaking even and some social issues there to.
'Belt and Road' Initiative is a China infrastructure construction loan scheme for developing countries, not a state oversea investment plan.🤯
THE NEPAL-CHINA RAILWAY OPENED NEPAL TO THE WORLD. IT BECAME A LAND-LINKED COUNTRY FROM A LAND-LOCKED ONE. THIS RAILWAY CUT THE TOTAL DEPENDENCE OF NEPAL TO INDIA. THUS, CHINA HAS DONE SOMETHING GOOD FOR NEPAL.
I dont whant organization by Ellas or by Kriti in Africa. NO.
Of course nothing is free. For China 50-50 is fair deal but for the West its only 90-10 is acceptable
at least this is better than colonialism era
Within the fours walls they were hidden agreement.
Singaporean gigantic investments in Indonesia how? No strings attached?
This news channel is like a mini BSB NEWS
Unprecedented? china’s emperor rules for life or dynasty overthrow whichever is earlier 😅
Problem is whether you are able to repay in return...
Even you can't pay the infrastructures are there. With IMF that own 80% of developing countries debts, you don't see anything on ground.
Singapore survival also depend that it has to remain Pro US. Otherwise PAP single party rule will be subject to regime change. Behind closed doors US must have made veiled threats to Singapore. Either you are with us or against us.
But high interest rates.... Resulted 2 debt trap...
I dont trust us
It is much safer and profitable for PRC to invest overseas than investing on their own land...
But i an CCCC now!
Land of the richest
Unlike many hypocrites out there
I have been following Melissa for decades she still looks so charming after all these years.
What are you implying? She has prostituted herself to her masters in the Disunited States? If you are one, you need to look good, okay?
Read the condition and terms first, don't blame banks if you can't plan well and fail to return.
Singapore survival depends on the fact that it's neighbors should remain poor. Poor so that they obtain unlimited supply of Filipina and Burmese maids, baby sitters so that Singaporean women can then be able to work
Chinas lost so much money bailing out their own companies for like real estate almost $1T and then imagine another 250,000 companies that needed bailing out with millions of built up debt.
The term China Debt Trap term was coined by Brahma Chellaney of India in 2017 as India tries to to discourage its poor neighbourly countries from seeking development and prosperity.
Yes, and hence it has stuck due to convenience and laziness. Yes the whole of Africa are too dumb to rationalise that the Chinese loans and infrastructure are all traps to ensare them into a life of debt slavery. You would think these countries do not have intelligent Treasurers or even people who can count up to ten. 😂😂😂😂
What about the debts traps that Chinese had with 45 countries
@@kerrywangnao7354 More details please. You mean to say that they invest for free?
Loan with higher interest & targeting nation with low forex reserves, then take their property as punishment.
@@jirachi-wishmaker9242 Please don't show your ignorance and stupidity. You must think none of the Global South countries do not have much more intelligent Treasurers and Minister of Finance than you, to cost the projects and the benefits to be derived. You do not have a monopoly on wisdom or intelligence, okay? 🤣🤣🤣
Chyna certainly out there, DOING
Lots of moneeeyyy.
It’s all a waste, just ask the usa. Gifts only buy loyalty as long as they’re given. Those thinking they’re in control find themselves controlled by obligations. In real conflicts, economic stimulus does not inspire tangible commitment. A lot of these projects give China leases to things like docks, which they could use for purposes of warfare. This is dumb Bc they might not allow them to use it when war actually comes, but more so how little use they have in times of peace. Imo, it’s all just one big waste of money for China. Let them continue to spend.
Ohh and if you’re wanting a country to help you in a time of war, repossessing assets probably isn’t a good idea. Atm, they very well could be building up nations they will later alienate, meaning they’re going to make future enemies stronger. They’ve got the carrot and stick approach completely wrong.
You sounded that you are even dumber. Is this a case of Dumb and Dumber and dumber being your good self. Maybe you should do us a favour and do the hara kiri act. We have enought of our quota of stupidity and I am told on good wisdom you are outside the quota. Go and put on some skin whitening cream so that at least when they burrnt you on your funeral pyre there will be crackling sound. Typical keling good for nothing shite other than soiling the ground. Please use toilet paper will you.😂😂😂😂
Can you afford that mortgage? Ask your self? Dumb statement! Can the Nation /State afford that FDI ? How stupid the governmental advisors if it was a debt trup?
Three trillion only agaist in me havens west?
Cna is Singapore news media if not wrong. It seems to be learning like west news media when it comes to country like China.
Not wise for such a small country to peg all its future on US. It already offended deeply by clear offensive statement by its minister of defence by unwisely "insulting notion" , which clearly meant Singapore is the "Asean frontline" for US.
Not wise.
SG is the "Asean frontline" for US. They just don't admit it openly to downplay the insult on CPC because they need those yuan lol
China should double the fund more Belt and Road Initiative.
the sixth angel poured out his bowl on the great river euphrates and its water dried up to prepare the way for the kings of the east, revelation 16 v 12
Debt trap
ONLY GOD AND TIME CAN TELL.
wow
Tomorrow I think I am gonna apply a billion loan from American and European banks, coz I know they aren't ask me to repay them if I failed in my business. Because they are so moral and democratic.
Really, if I am the bank, such irresponsible words, I will not even put you in the waiting list.
I prefer China railway over Western bomb in my country
If you fear, just don't take other people money. You take people money because you need it. That's it. Why make such a big deal about it. If you want to invest and don't want China to invest, just go ahead. You are not doing it because you're poor, don't find ROI is good enough or simply don't want to take the risk. CNA is a disgrace to Singapore.
Don forget to repay CHINA Ah Loong Sharks 😅
I prefer Russian railway project
Countries accepting investment from china, should not be beholdened to the chinese except for purely business in nature no string attached, business proposals should not allow the chinese to take over the management of any second party's infrustructure to recover the chinese investment it should be a rest factor investment by the chinese. So the chinese have to secure their investment by giving 300% risk free giving the seconf party ease in accepting chinese investment away from the so called DEBT TRAP.
Winnie the Pooh 3rd term....
Just another way of monopolies but better than war at least nobody die right
🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳💪💪💪💪💪
I build the perfict now . And i haven China my huge movie now.
Νοw i am CCCC promiss for good and for me ^
It would seem that CNA is prejudiced towards China.
Truth hurts sometimes, but it is what it is .. man
@@kerrywangnao7354 I would adjusted the truth to be twisted to suit the narrative. You are Chinese I presumed from Taiwan & hoped China to be in deep trouble as suggested in the video. Remember this - if China is in dire circumstance, the the world would be in even worst scenario!!!
@@mohmeegaik6686 what do you think xi will win this upcoming election again
@@mohmeegaik6686 CNA is pay by Singapore tax payer , but control by USA UK . 😅 Mini CNN BBC ....just check those video , anything politically negative about UK USA will not be reported. Also cannot be comment, will get deleted.
Job ,wife, born, food, and again same is and my life. Is the best for yor life with no sin like in Ellas.That need GOD ^
And i ask my friendly people official: ^™is yor voice after by death "? Or God voice speak only later by yor death?
The Chinese BRI (Belt and Roads Initiatives) is China's contribution to give a "leg up" to the developing nations to boost their economic development.
It is up to each country's people to take advantage of these completed new infrastructures (roads, railways, bridges, sea ports, airports, etc) and work hard to repay any soft loans committed.
Note that few western nations are willing to do these "high cost high risk" infrastructures for these developing countries.
The reality is that:
錦上添花易, 雪中送炭難
锦上添花易, 雪中送炭难
(The icing on the cake is easy to do.
To send charcoal to those in the cold snow is difficult but it is what is actually needed).
Be grateful to China.
Yes, what about the Build Better Back? It is just a pie in the sky? Talk is cheap. 😂😂😂
@@hangtuah888
BBB (Build Back Better) was Biden's slogan to rebuild American's own crumbling infrastructures (mainly roads, railways and bridges).
The problem is financing these works as the bulk of USA's budget went to their huge "military defense expenditures".
Years of neglect also make these infrastructures retrofit works urgently needed now.
USA had made a start now but it may need more money and effort to really BBB these infrastructure within continental USA.
Time is not on their side also.
@@wmchan44 Incorrect as it incorporates building infrastructure overseas as well. In any case, it is mere conjecture now as nothing has been build nor started. It has been drown in all the bs legislations they passed including Inflation Reduction Act, as if passing an act will bring about the intended result. Why don't they passed the Ukraine Victory Act, The China Containment Act, the Chips Act, etc. When you are born without a brain there is not much one can do and the Disunited States are populated at least the Administration is by brainless morons.
@@hangtuah888 Well, if you are to ask Joe what is this "Build Back Batter" thing, he probably can't tell you because of his dementia. I know it is wrong to poke fun as such a nasty disease, but imagine a president of a country who has lost his mind? That is just unthinkable.
The figures here shows 4 replies but only 2 are accessible by me.
Those two othet deleted replies (deleted by youtube?) need to repost them again in an acceptable manner if they want a reply from me.
This is GREAT STUFF where as. USA is all talk and all BOMBS
Life is just to love and to be Loved 💖💜 Love alone can Conquer the World.
GREETINGS AND LOVE FROM RAVINDER TALWAR INDIA
Dishonest, misleading headlines from CNA?
Yes, now you only realised? This CNA is also a subsidiary of the Central Intelligence Agency. It is commonly known as the Central No Intelligence Agency. They pretended to be funded wholly by the Singapore Government so as to hide their real identity. When you are a mouthpiece and a lapdog, you must pretend to be independent otherwise no watchers. Love the line it is a debt trap without understanding that the Sri Lanka debt to China is 10% same as the Japanese. But the Indian debt is 24% and that is not a debt trap. How these channel get past counting from 1 to 10 is beyond me. Time to refresh their arithmetic skills.
hello 50 cent bot
@@Blueblonde227 Yes skin whitening cream user. How white is your skin now? Like your masters yet? Put some on your head for raising your IQ. Rumours had it that it helps.
CNA is pay by Singapore tax payer , but control by USA UK . 😅 Mini CNN BBC ....just check those video , anything politically negative about UK USA will not be reported. Also cannot be comment, will get deleted.
Endian bots just prove how their country is performing lol
Is the CNA owned by the sponsor of this documentary?
Since is over 900B, wonder why they don't round the figure by $1 Trillion
Part of a new silk road, I guess. The new Chinese' Empire, which = a lot of concrete and Chinese' business influence. Very depressing to see. Demand and supply and all that. We humans are so gullible. Maranatha🙏
See Cheng Hong Goh's comment.
Don't you have an opinion of your own tart? You must be the dumbest tart on the internet referencing other's comment. What level of eduation did you attained? I hope you did progress past kindergarten. Yes, I am glad you admit to your own gulliblity. Good on you but you should do us a favour, try hara kiri, as we have our quota of stupidity already. 😂😂😂😂
The problem in Africa is that the workers and operators are all Chinese. So again, Africans still aren't receiving full benefit. The lack of local workers means the inputs in livelihood do not make the economic inputs into the African required that can ultimately contribute to repaying those loans/investments. It's not much better w/ Americans, Europeans, IMF where terms of how African government investments in their economies are dictated from Washington, Brussells, and other capitals of the continent's former colonizers.
it's such a lie. how can china bring thousands of workers to Africa for construction? do you have any idea The compensation package for theiroversea assignment?
@@user-ur4dv3ts3f the evidence is in the videos. And all of the Chinese workers in Africa
If they have to meet the deadline to complete the project they can't use too many locals
Full benefit? Its business, so it must be a win win for it to be sustainable. Even IMF do not just give, it take good interest! If China just give, will they learn? Win win itself is a great life lesson, which the colonist's west will never understand!
western will bring bomb , war , and slavery to that country. While China bring road, hospital, railway, etc. Use your brain.
Bloomberg did a story on the so called "debt trap" of the belt and road loans in Africa. Bloomberg saw no evidence of predatory loan behavior. This is much incontrast to loans especially by the IMF (IMF loans are loans of "last resort" and are always predatory. Because of this many countries are very hesitant in taking loans backed the US government.
Srilanka, Pakistan, Nepal, Laos are classic examples of debt entrapment
They debt trapped by west😁
90% debt of Srilanka are from the west, you Idi*t.
China government never forces countries to sign on the development projects, it is up to individual country to decide whether the project is beneficial to the country, and decides to take loan from China to implement the project, even the terms of the project can be negotiated to suit each country.
Only 10 percent of srilanka debt and 5 percent of Pakistan debt is owned by china.
All countries should question can developing countries afford overpriced western weapons from US regime
@@raymondtiew3140 the people have no say, it's the bribed politicians who signs the contracts, selling their country to foreigners.
No
The Chinese🇨🇳 regime never gives.
It only takes.
- Examples are: Sri Lanka, Chad, Ethiopia, Zambia, Laos, Afghanistan, now Pakistan.
Educate yourself, search Hambantota Port The Diplomat and Deborah Brautigam debt trap..
死吉靈鬼搖頭講廢話 _sei ke ling kwai yu tao kong fai wah_
@@rap3208 You are just talking to a made in India computer bot. It can't educate itself other than sending out the scripts fed into it.
_"Always remember...Rumors are carried by haters, spread by fools, and accepted by idiots."_ *- Ziad K. Abdelnour, Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics, United States.*
Propaganda media with western narrative is run rampart in democratic countries
A Chinese bank lent me a billion to invest and I made a huge success and repaid loan on time. I just pay interests rate setted according to contract, I owe them nothing. My success purely because of myself, the Chinese bank just made a business deal with me.
Now another Chinese bank lent me a billion to invest and I didn't make a success and couldn't pay back Chinese loans, and I blame the Chinese bank for trapping me into debt. How could you lend me money considering you know I am gonna fail? How could you ask me pay for interest rate? What a brutal debt trap you set!!!
USA propaganda
Hear, hear. They are so bad at it like everything the Disunited States served up. They cannot even get a fcuk in a brothel nor get pissed in a brewery. What about the Artemis 1 waiting on the launch pad? If it was China and the Chinese space program it would have been to the moon and back 100 times already. Such is the state of the Disunited States that they still want to spread wars around the universe. Hope they know how to use the stolen techonology of hypersonic glide missile as you would not want them to program to hit Capitol Hill. Wouldn't it be funny when they press the button to only realise they have programmed it to hit their own citadel.😂😂😂
CNA is pay by Singapore tax payer , but control by USA UK . 😅 Mini CNN BBC ....just check those video , anything politically negative about UK USA will not be reported. Also cannot be comment, will get deleted.
Can you trust a big thief?