Comments by "红火树 RedFireTree" (@firetree2007) on "Former Maldives VP Ahmed Adeeb takes on China over Maldives' economic crisis | WION Dispatch" video.

  1. Average interest rate for BRI loans is about 4.2%
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  2. Modi promised to get India fully developed by 2047, well, IF India can reach current China's GDP level which is $18 trillion, India will need to have above 7% growth every year for 23 years, however, reality is now the growth already fall down to 6.7%, 2025 with prediction to 6.6%, it means, it cannot even reach to current China's GDP level in 2047.
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  3. In the past, Modi's method of creating India's 'fastest growth' was primarily through infrastructure development, financed largely by borrowing money, including from sources like the AIIB (often referred to as a debt trap). The problem with this approach is that while it can create a temporary illusion of rapid growth, it’s not sustainable. Infrastructure does benefit the country in the long run, but it doesn't generate money quickly enough to even cover interest payments, since the rate of return needs to be higher than the interest rate. The real engine for quick money generation is manufacturing. While infrastructure helps, it cannot replace manufacturing. Under Modi, however, India's manufacturing share of GDP has dropped from 16% to 13%, and over 30 million manufacturing jobs have been lost, falling from a peak of over 60 million to just 27 million now. No jobs mean no consumption, and no consumption leads to no growth. This is exactly what's happening in India now, with growth already dropping to 6.7%, and it’s likely to fall further. There seems to be no way out. But he does not care, just fly around to make 'world peace".
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  4. India's interest for 2024 payment is $130.12 billion USD, for a country total spending is only US$575 billion, about a quarter of the spending is for interest payment. the worst is, The government of India's interest payments are expected to increase by 11–12% in the next fiscal year, 2025
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  5. In short, India's boasted fastest growth was made by borrowing money, however, it is not sustainable, with time, India's debt rate is already higher than its GDP growth rate. Now it is in its down turn. the bubble of "fastest growth" is now getting bursted.
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  6. India use a criminal to justify their theory of "debt trap" "Maldives Ex-Vice President Jailed Again for Money Laundering By Associated Press Ahmed Adeeb pleaded guilty to all counts in a corruption case that also implicated former President Yameen Abdul Gayoom." India is the largest borrower from the Asian Infrastructure Investment Bank (AIIB), a bank established for China's Belt and Road Initiative (BRI), even while claiming that the BRI is a debt trap. India has essentially put itself into this trap and now must pay off interest just like the other borrowers it criticized for falling into China's so-called debt trap
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  7. Ahmed Adeeb pleaded guilty to all counts in a corruption case , this corrupted criminal be used by India media against China, how desperate are you??
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  8. It is true, China BRI also charge for interest for the loans, however, difference is , China buy back the raw materials and goods from those in BRI to let the country to pay back the interest and several time China has forgiven or extended the pay back terms, for example, China has a load for Sri Lanka for it building a new oil refinery, with $4 billion, Sri Lanka can pay back by the money it made from selling refined oil products, of course India is not in BRI, therefore, India's interests from borrowed money need to be managed by itself. The real growth, is the growth in manufacturing, China,s manufacturing in 1990 was 2.9% of the globe, in 2023 it is 31%, increased more than 10 times, India was 1.1% in 1990, now, it is 3.1%, less than 3 times. China's manufacturing in GDP is 31%, compare to India's 13 % in its GDP, 20% is the standard for a country is an industry country or not, China is an industry country, India is not.
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  9.  @kumar.193  keep dreaming
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  10.  @kumar.193  I put all the numbers for you to check you have nothing but only your opinion which shows you have nothing but BS
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  11.  @kumar.193  again only your opinion which just means BS since it has no data support
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  12. so all the Africa countries just went to China to jump into "debt trap"?? haha :) the whole world only India is smarter than all the other 164 countries in BRI. haah :))
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  13. 4.2%
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