Will COVID-19 Force a Rethink of China's Belt And Road Projects? | Insight | Full Episode
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- čas přidán 18. 08. 2020
- Launched in 2013 with great fanfare, the Belt and Road initiative, also known as 'The New Silk Road' is a colossal investment programme that aims to link economies of countries in Asia, Europe and Africa into a China centered trading network.These economic corridors are realised through big ticket infrastructure projects such as airports as well as a network of highways, railways and seaports covering more than 100 countries.
Until recently, the project was well on track to become the most successful cross border investment and economic integration programme to help reinvigorate the global economy. That was until the COVID-19 pandemic unleashed a global health emergency and halted its unrelenting progress. What will become of China's Belt and Road initiative across Asia and beyond? Will COVID-19 pandemic force a major rethink of China New Silk Road project?
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Who's here because they care about geopolitics?
I hope people here do. Or else the only reason they would click into this is to bash every China related stuff.
Dear CNA Keep these docs coming on the BRI, I don’t hear a thing about it in western media except for debt trap diplomacy
god save communism!
It is a debt trap fake diplomacy.
Ken Man Leveraging money to build a better future for yourself.... OMG STOP THE CHINESE! 🙄 Get real
@Ken Man China is the best we must become a communist socialist technocratic surveillance state like them!
@Ken Man I am being facetious. I'm a libertarian.
Sri Lanka debt to China is Only 17% of total foreign debt
Besides, more importantly Sri Lanka FIRST went to ask India for help to build the port, but Modi or his predecessor and India refused. So they went to China for help AFTER being refused by India. PERIOD!
@@resnica3557 and now the same port is leased to China because of its unviability 😹 each and every country will become china’s bitch
@DN Lee yep when one can not talk on facts they switch to rhetoric.
@@resnica3557 yes because india will not give loan to a economically non viable project .. we. Knew it's failure .. but didn't had intent to have a military base there ..
Think for yourselves. Americans can print trillions of dollars and not cause inflation in their own economy. Where does the value of these dollars come from? Americans are exporting inflation worldwide to "harvest" the sweat and blood of billions of workers across developing countries. B&R can reduce the reliance on Americans and diversify the economic growth. Don't let your hard work be 'harvested' by a money printing machine.
Actually, more like the world is blindly giving credit to USA. Hard to blame them since no country has provided a viable alternative when it comes to currency stability. China is close to being able to do that and that is why we see USA wanting to kill China at all cost.
Sun Wu.. only thing china harvests is organs from Falung Gong followers and Uyigurs...I agree ccp is god and xi is his son, it's just a matter of time, every one in the belt and noose initiative will live happily ever after...
Learn from America! Spend your money on aircraft carriers and nuclear weapons! And keep printing money!
The same as what the CCP is doing.
@Pat Eldridge Are you blind, or are you simply shameless?
lol, sorry to say that only the US can do this so far and force whole world buy in their debt. Because every single international trade must be paid in USD!
Yeah.
What debt trap?? Dont u read contract agreement first before u sign a paper??
If u know cant pay then dont sign easy and simple. Its like u know u have no money but u still taking goods from shop 😒😒😒
loan shark....
@@AKPublic-xy8ft then dont sign the contract then from beginning😒
@@darkassasin8681 Some financially inexperienced country which does not realize the hidden trap set-up by a certain loan shark unfortunately do.
@@AKPublic-xy8ft That's a very arrogant comment to make. You're basically saying that leaders in smaller/poorer countries are not as qualified as ones of the larger/richer countries. But how dare you to make such claim?
@@tapist3482 czcams.com/video/mL4zyNN8MVU/video.html
Actually, the Covid-19 pandemic proves the strategic importance of some important BRI projects. In particular the overland rail routes to Europe have allowed China to deliver needed medical supplies to Europe much more quickly than sending ocean-going container ships.
Wumao spotted
@@DesiGirlMita16
Why are you so rude when somebody talks facts?
O really and they provide you free virus also.
The CCP wants to control everything, and they will do anything to make this happen.
That’s, President for life, Xi Jinping, wants.
A skillful person helping his neighbour to fix his home. Both have trust in each other and a distant relative doesn't likes it !
Long Live PAK-China Friendship
Every overseas dollar Chinese earn are going to spent on overseas infrastructure
Good Documentary.
Rethink and make adjustments along the way, especially in light of a pandemic is reasonable. Scaling back to meet the challenges or viability make sense.
China won't probably debt trap its own military allies like Pakistan. BRI is helpful though for Chinese construction companies to invest outside China since the latter is already oversupplied with skyscrapers.
To be fair, the debt problems are not entirely China's fault.
i don't know enough to make any informed comment; I am just curious as wouldn't the fact that they are military allies make them even more attractive targets for debt trap since China would be able to gain more soft power and influence when it holds an economic guillotine above their heads?
The goal is to facilitate trade growth and positive impacts. GDP will grow and pay off the debt that is needed to lay the foundation. From there on, transformation and turn the dependencies to much more active participations by all. China can only do so much. Everyone has to chip in.
Pakistan Government still owes IMF Debts from 1980s. At least projects like roads and electric power generation is something people can actually benefit from
@@wst844 I think China should improve soft power, it's extreme weak compared to USA, EU, even Japan. I walked around in Brussels, people know Ninja, Pokemon, which derived from Japan. What people know about China? The only thing I heard is Chinese Food. Food, food, food, only know food. Nothing else. I felt that China's propaganda department is an idiot, they only know the old sayings and talk those boring words everyday like a dying old man.
Good documentary
You could also ask Ecuador how their Coca Codo Sinclair Dam is doing. Their debts to the PRC are such that 80% of their petrol exports are now to the PRC, at a discount, in order to service $19 billion in debt, including $125 million in interest alone.
At least Pakistan got some infrastructure we only had bombs and bullets from America, England, France, etc well from The West.
The deal was made between 2 gov and the dam shall serve the purpose of Ecuador development. if you do not have such infra, there may be no way for further development. i watched through this doc and these countries get loan from China are desperately need basic infrastructure for their developement. The documents comes to the conclusion that these countries are falling into the debt trap, but there is no data showing how much economic growth was brought by these infrastrucutures and how much the locals have been benifited. Only by putting these data together the audiance could have the full picture whether the belt and road is a trap or a win-win solution. i personally seeing this documentary is narrative and without thouroughly study.
Leveraging money to build a better future for yourself.... OMG STOP THE CHINESE! 🙄 Get real, this happens everyday to everyone
I mean, at least we build infrastructures :< or what should we be investing? mines?
@@chuyinw1897 nah,don't be too naive, there's no developed country wanting to help underdeveloped county without wanting any benefits from underdeveloped country like indonesia,malaysia,thailand ETC,building economy is more important for the majority of country that had been tied to tiongkok one belt one road strategy like indonesia,malaysia,thailand,ETC than building an infrastructures that they even dont need yet because they economy were still not good,wasting money for maintenance the infrastructure,like made a highway,maybe people find it helpful to have a highway because they can go anywhere in a shorter time,but,which is more necessary between building infrastructure in low economic level county or struggling to make low level economic getting better so they can be a high level economic country and then they can make an infrastructure in they country without any help from tiongkok or other country? And isn't it weird if tiongkok wanted to help south east asia nation for free without wanting anything from them? I think tiongkok wanted to tied south east asia nation,with tiongkok help,such building higway and smelter technology,i know it's not 100% tiongkok mistake,the president of indonesia,malaysia,thailand ETC are did a wrong decisions too for letting tiongkok investor investing in their country.
@@chuyinw1897 ain't got no problems if my country doesn't have highway or high speed train from tiongkok or other foreign country,all we want is a better economic in the future,anything is fine to me as long as my government doesn't made it getting worse because the huge debt to tiongkok and we know we can't pay that debt in the future,anyway,a huge debt are totally fine to me maybe if my goverment have a big debt for making some productive companies that can raise my country economy and create jobs for my people so we can pay the debt in the future,but the reality is my government got a big debt for build a highway,and high speed train that i and the other people's in my country aren't need that so much,all we need and all we want are better economic
Chuyin W infrastructures like the Three Gorges dam? Keep them for yourself please.
Aqila Arkan why should it be a charity case for China? Where do people get this idea that it should Be done out of charity or else it’s considered malicious?
China is really doing amazing things in the world. More power to them. Foreign aid already has been shown as a bandaid fix, it never addresses the real problems and it’s funny how no one complains about the IMF loans but complain so much about China’s loans which are granted in some cases.
It’s time the world had another choice, that’s what the BRI is 🇨🇳
Other countries loans do not take over the country assets and do not have "loan shark" exorbitant interest rate. That is the difference. Understand..... CCP clown?
@@garyzhang9842 Really? What interest rate China is offering and what is the IMF one?
You mean China's debt trap disguised as China's sincere help? Who are you joking
@@jonathanong4583 😏 lol ok. Sure go ahead believe that
What was built by The Loan From The IMF and The World Bank, compared to what was built from China's loans.
Invest in Asia . invest in Asian stock market . Invest in Indian equity market.
This documentary aged amazingly well😂😂😂, both countries bankrupt and in huge debts😂😂😂😂
NO !
If one studies the geography of China, it is no surprise that she planned the transport corridors via Pakistan and Myanmar. The Pakistan Corridor serves the development of her Western under-developed region while providing her access to the Middle-East fuel as well as creating more economic activities in Tibet and Xingjian, comparatively under-developed. Likewise, the corridor across Myanmar to the Bay of Bengal and hence the Indian Ocean. Of course, both these corridors have the ultimate objective of her trade with the African Continent which is growing at above international rate of growth. Isn't such a scenario requires China to plan as she does?
Moreover, Pakistan has a huge population which should not be left to "create" more problems for the Asian Continent if there is no economic progress. Given such a scenario, we should view the action of China which no doubt has progressed so fast through better infrastructure and transportation. But if people still bend on seeing this from purely political and geo-political, there will be no end to the argument!
💯
Add some domestic high railway debt and collapsing real estate might make the future a little ruinus .
not really consider how well it does before covid , it just prove BRI projects are NEEDED for china economic , product , export v.v.v
Yes, for their own. Selfish China, ccp
Land transport is 12x more expensive than sea transport. BRI will ultimately fail due to this inefficiency.
if the country has no port, building railway and road making sence.
There's no sea transport without land transport lol
Debt trap 👌💯
The whole series is primarily focus on china pakistan ecnomic coridor, so why say BRI, lets get it straight, the project is definately a debt trap because the way it is envisioned and planned, why being felt more in srilanka and maldives is beacause they are democracies where goverment is accountable to public, but pakistan and china are both autocratic regimes, so none of the country is bothered about public sentiments and no say in these projects, CNA definately need to up the standered and come with true insights like how come pakistan manage to outsource its development to china and why china is spending so much on a country with no growth plan and market, no mention of balooch resistance and passing through POK either !
Keep crying pajeet. We are going to create khalistan, Nagaland and Assam very soon.
The perception of debt trap diplomacy is the result of lending money to countries that struggle to repay debt. This is understandable. However, we need to ask one critical question...
*If China didn't invest in these countries, who would? Are we supposed to let these countries wither and die?*
Do these countries regret receiving China's help? I rather doubt it. They are happy just to get help from anybody. At the end of the day, the still have their infrastructure.
China is not out to exploit these countries. I expect China to be very reasonable when it comes to renegotiating their debts. At least China is willing to assume the risk. The West certainly won't.
Jesus loves you guys
And Santa Claus riding a unicorn loves Jesus.
God is dead.
Great! More coal powered plants! What could possibly go wrong?
@Anak Kalimantan oh I do worry about my own carbon footprint.
Pakistán has such amazing potential for green energy, and China is great at making the infrastructure for such projects, it’s a shame it’s wasted for the coal oligarchs.
@Anak Kalimantan so your logic is you have to be 100% monk like green, or build massive, industrial coal fire power plants, and there's nothing in between? What a silly argument. The next generation is going to pay the price for such shallow thinking.
@Anak Kalimantan I get your point, people from the developed world where per capita energy consumption is high telling people in the developing world with low relative per capita energy consumption to “go green” is hypocritical.
The issue is that Pakistan will start paying the price of coal energy almost immediately with more air pollution. I also don’t buy coal’s profitability anymore, and think Pakistan can develop incredibly well using other resources, most of which China makes.
Ultimately, we’re all fucked if theirs a climate disaster at the end of the century.
@Anak Kalimantan agreed, and it’s unfair to expect the global south to shoulder the burden of a green revolution by themselves. I think the developed world needs to do more, largely because they are the biggest source of emissions. That being said, the global south also suffers more from air pollution, which is a significant healthcare issue (especially for the poor and working class), as well as an environmental one.
Also, climate change will most negatively effect the global south, particularly South Asia, and the consequences could be dire.
Pakistán can and should develop, but if it does so in an unsustainable way, thereby cursing the next generation, then I can’t see it being worthwhile for anybody.
Just some ideas:
Yes, renewable energy is good. However, renewable energy is not a stable source of power you'd like to rely on, especially under industrial scenarios. Solar power only works during sunny days, wind power mostly work on spring and fall (depending on location), hydro power is stable but needs large water bodies, nuclear energy require a highly skilled stuff to run and maintain... For Pakistan, the only 3 feasible source of power is coal, solar and wind. And only coal is sufficient to power a country's industry. That's why developed countries all once fell into environmental disaster to different degrees, yet still countries after countries built coal power plants to ruin their environment.
Shoulda woulda coulda
First and first like
wow, you must be fun at parties
@@Alyssa-sc1tq LMAO
Pakistan is ideal country for business n investment
At 4:05 india is said to be included in the initiative. But india never joined the OBOR. CNA please look into it.
@JarJarBinks factually wrong Thailand and Indonesia also in the BRI. Their economy is strong and they are growing. They are not racist or arrogant.
@JarJarBinks Thailand Malaysia and Singapore is on the map as BRI project , if not why Thai , Indo nesia and Malaysia goes to the BRI forum in Shanghai. Thailand Malaysia and Singapore is supposed to have a high speed link to Kunming.
@JarJarBinks Are you saying Victoria state in Australia is also anaemic.
@JarJarBinks consider the scenarios logically. If a borrower does not pay back , it is the Chinese which is making the loss. Look at Hambatta, the port us leased to the Chinese for 99years but the sovereignity is still Sri Lanka. Malaysia under a new government did not like the old government deal , renegotiated and had the Chinese take a large share before staring the project. The Chinese agreed and the project is started. You haVe lost your argument because I have contradicted your facts . You know that these countries are in the BRI and Australia state of Victoria also signed on. Most of the wealthy state has the money and resource to build infrastructure and obviously poorer country need the funding. You have twisted that fact to try to protray that China is the vulgar praying on the poorer country. You are trying to demonise China good work. Good to god and cleanse yourself of evil thoughts and deeds.
@JarJarBinks your description is exactly how commercial bank provide loan. Western countries and Japanese are the same
Their aid is a mean for their business to earn money. Risky venture like infrastructure projects are not so profitable and hence no western countries wants to risk it.
The requirement for China manpower is negotiated and is also a condition for many western funded project. Western business is only interested in extracting the resources without infrastructure building
To say that the BRI participating countries don't benefit is also a deviation of the truth. After the completion of the project, these countries will have rail link road links port or airport. These are essential to develop an economy . If you have a gold mine but don't have the road to access it or the port to export it, how can you progress. Don't repeat the CIA lies. We know the western countries are not interested in infrastructure development. USA has just promise USD 500MIL to contradict China investment in Nepal without a comprehensive. Obviously , the USA is just interested in thwarting the Chinese and not sincerely interested in Nepal development. And when neighbouring countries becomes China enemy then they will sell arm. That is why CIA is tryIng demonise China. I put it to you that you have no evidence or argument that can show that China is evil intent except to help other countries to grow and become significant trading partners . China is taking great risk.
A country without infrastructure, electricity power, industrial will not be able to growth, once it grows, it will likely leads to increase in jobs, housing, industrial, hospital, etc and will likely lead to increase in income and improvement in standard of living, the list goes on and on.......
The pandemic slow not only China economy growth and its also slow the growth of the world economy, the BRI projects will continue
The obsolete & polluting coal fired thermal power plants that were dismantled in China are being put together in Pakistan and now with new global environmental concerns they became obsolete even before being put into commission.
Demonic.
China’s BRI is one of the best investments China has ever made for the economy of CHINA and the world.
In these terms nothing is wrong..
I hope everyone read and understand the main goals of China's BRI. It's not just about linking trade in the Asia, Africa and Europe but to ultimately give the Chinese People's liberation army suitable bases and cement its title as the new superpower. This does not need much explanation if you look into how their so-called loans to undeveloped countries are totally predatory in nature.
We all hate colonialist albeit the Americans or the Europeans or whatever country it is, but with China, the way its expansionism accelerates is very frightening as much as it is very oppressive to many cultures and sovereinty.
Please do a lot of research before saying that China's intention of somewhat "investing" in mostly undeveloped nations questionable.
Nothing in this world is free, China expects results and benefits and it must be hefty profitable and advantageous to them.
If its just for army bases，there is no need for building infrastructure.，USA did not build infrastructure，yet they still have 800 army bases on the world，if China just want army bases，why go to all this trouble? they can just be like USA，go for army bases only.
What bases?
Are you saying this seriously, while the US already has 800+ bases around us? Why I'm not seeing you giving harsh objections to the existing US bases?
China has always been a peaceful country and always try to share its wealth to the world through humanitarian projects.
Is that the way how things are going in the world around China?
More like China depletes the world resources and make weaker nations its slave. Dont get brainwashed by the CCP
I don't know, ask the Uygars, people of Hong Kong, and Taiwan.
The islands of the SCS, The Pilipinos, the Vietnamese, Borneo, Malaysia, Laos, Sri Lanka, and Milwaukee Wisc., China has always been peaceful with them, leastwise, that's what they always tell us. Surely, Uncle Xi would have all our best interests in mind, don't you think? And they're friends of the Russians, so everything would have to be OK, wouldn't it? Oh yeah, and they're going to be our new BFFs in the Arctic, it's their new tourist destination...it's all win-win, they say. I live in the Canadian Arctic, so I'm looking forward to a new source of wor-won ton walrus dishes. Ummm...Wor won ton and new neighbors, life doesn't get any better than this, they say! I hope they take Mastercard.
China is building. This road it is illegal disputed region which is legally India.
Pakistan is occurring this region and this disputed by India and case is still not resolved as per India
So how can China intrude into India,s land and build this road this is point blank bullying not India but telling UN what are you going to do about this?
❤️❤️❤️🇨🇳🇨🇳🇨🇳
Please make about toilets problem in India
If China only want army bases，why go to all this trouble? China can just be like USA，USA did not build infrastructure for third World ，yet they still has 800 army bases on the world，China can be just like that，but did not，for China，more like 800 infrastructure project on the world，and 2 army bases for this second super power right now. yet the west still think people in the world need them，and Incapable of making decisions for themselves，LOL，the truth is they dont need you to tell them what they should do，they know what they need much better than you
Pakistan the beggars of the world as of now what economic power house have u become
One side story
War is coming