Comments by "ronnel acido" (@ronnelacido1711) on ""Belt and Road" to "Dead End"!CCP Has No Money to Continue;US Boosts India's "New Economic Corridor"" video.

  1. Far from being a benevolent power it projects itself to be, China uses the BRI to funnel excess capital to expand its creeping influence overseas. With the CCP's mindset of money at the core of its existence, it leverages the same and loans them to poor countries it knows would not be able to repay them. China selects the projects that it will fund, usually those that the borrower will have little use for, like the Laos HSR. Given Laos' population and economy, a high-speed rail is like a square peg on a round hole as the fares would be unaffordable to the ordinary citizens, necessitating huge subsidies from their cash-strapped government. If the daily revenues is not enough just to break-even, how are they going to repay? But wait, China has a solution: lease the system to a Chinese state-owned company to manage and operate the HSR for, say 30 years, with option to extend, to recoup its billions with a substantial profit for its trouble. So at the end of the day, China brought its influence across its borders via a rail system constructed using Chinese workers, transported its citizens to exploit the natural resources of its"beneficiary" whose citizens would not even enjoy the modern transport and is now stuck paying for the loan for more than a generation or longer. Very neat. That's China's "win-win" masterplan, "common prosperity" for all. Trap gullible countries with loans and projects of questionable economic viability through corruption and other rent-seeking practices.
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  2. Unfortunately, no. China insists that bilateral agreements covering BRI projects are to refer to Chinese laws in the event of a dispute. Effectively a waiver, the agreement estop the recipient country from bringing a dispute to arbitration courts in Singapore or Geneva for redress. China knows with the dubious quality of their projects, it will be swamped with complaints and lawsuits for breach of contract. What better way to cover their behind by inserting a provision that the laws of China shall prevail. It is like being scammed, with the scammer himself who gets to decide if you had been scammed or not.
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  3. How? The bilateral agreement covering these China-funded projects states that in the event of dispute, the laws of China will be the reference. So if a country decides that the contract is patently onerous in China's favor, it will have to prove that in a Chinese court.
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  4. Which tells you how desperate they are for money. Scraping the bottom of the barrel.
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  5. No problem with using the aluminium wire. The rebar is fake, anyway. And the poured "concrete" is mostly sand with little cement and no gravel.
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  6. Sounds right, except that China is officially atheist and had even re-wrote the Bible to suit its interests.
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  7. Colony states. China will be unhabitable in 20 years as it keeps polluting and destroying its environment. They will gradually resettle their people elsewhere. Those floods were signs.
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  8. It's a permanent member. Also, Russia will never allow China to lose its seat.
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  9. China is the lender. If they so insist on that, China will just tell them go take a hike. Beggars can't be choosers.
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  10. Because the contract allowed it, to which the recipient country agreed to. As the party that holds the wallet, China can dictate the terms in its favor. Anybody who says that China's BRI benefited the recipient countries is either naive or a gullible hack.
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  11. Suez Canal is vulnerable to geopolitical risks in the region. A land route via rail will not hurt as an alternative.
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  12. Belt and Rope. Use to commit economic suicide.
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  13. Great Leap Forward 2.0. But a pain on the CCP's coffers.
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