Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on ""Belt and Road" to "Dead End"!CCP Has No Money to Continue;US Boosts India's "New Economic Corridor"" video.

  1. 🌍 The Belt and Road Initiative (BRI) faces criticism internationally as participating nations struggle with debt crises, but China is still promoting the project as a successful outcome. 00:32 Criticism towards the BRI has been escalating internationally, with many participating nations facing debt crises. China's Foreign Affairs Ministry announced the hosting of the third BRI Summit in Beijing in October, aiming to publicize the initiative's successful outcomes. The BRI is frequently criticized by Western countries for enticing impoverished nations into a debt trap, expanding China's global influence. 💰 The Belt and Road Initiative is trapping economically fragile developing nations in a cycle of debt, allowing China to gain control over their infrastructure. 03:43 Debtor nations unable to repay their loans are forced to give China control over their ports, airports, dams, and communication networks. Sri Lanka and Djibouti are examples of countries that have fallen into this debt trap and had to hand over their ports to Chinese state-owned enterprises. China's plan to invest in a deep water port project in Myanmar was aimed at further expanding its control over strategic locations. 🌐 Italy hints at withdrawal from China's Belt and Road Initiative (BRI) during discussions with Chinese officials. 06:40 Italian Deputy Prime Minister hinted at necessary exit from BRI during discussions in China. Italian Prime Minister stated that a final decision regarding withdrawal from BRI had not yet been made. Italian media reports that Prime Minister informed Chinese Premier about plans to exit BRI. 🌍 China becomes the world's largest creditor as the US global share of creditor rights decreases, while loans offered by China to African nations decline significantly. 09:52 China's creditor rights increase to 30% while the US decreases to 2% between 2016 and 2021. China's loans to African nations decline by 75% before the pandemic. The Chinese government may no longer have the ability to help nations struggling to repay debts. 🌍 India, the Middle East, and European countries are collaborating to challenge China's Belt and Road Initiative and diversify supply chains. 13:13 India has deep mistrust and opposition towards China's Belt and Road Initiative. The project was conceived during confidential meetings between India, the UAE, and the US. The United States is ardently backing India and aims to complement India's rise.
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