Comments by "红火树 RedFireTree" (@firetree2007) on "Decoded: China's debt-trap diplomacy | Latest News | WION" video.

  1. Sri Lanka's PM just visited China a few days ago, and issued a join statement with China, Sri Lanka will firmly and continuously support BRI On the other hand, India is the biggest money borrower from AIIB, a bank set up specially for BRI, so India put itself in China's debt trap.
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  2. This government may be able to deceive its own people, but it cannot fool outsiders. Under its leadership for a decade, the most crucial aspect for a strong country—its industry—has suffered. Manufacturing's contribution to GDP has plummeted from 16% to 13%. There are insufficient job opportunities for the youth, leading many to return to rural areas, rendering the so-called youth benefits ineffective. The purported rapid (or fastest) growth has primarily been fueled by borrowing money, with a significant portion sourced from the Asian Infrastructure Investment Bank (AIIB), a Chinese institution established for Belt and Road Initiative (BRI) projects. India is the largest borrower from this bank, yet paradoxically, it warns other nations about falling into debt traps while finding itself ensnared in one. The borrowed funds have been channeled into infrastructure projects such as roads, airports, bridges, and dams, which, while superficially boosting growth, lack substantial technological advancements. The question remains: can these projects generate sufficient revenue to repay the interest owed each month? Despite the government's attempts to project an image of rapid progress, the reality is a façade aimed at duping citizens into reelecting them.
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