Comments by "红火树 RedFireTree" (@firetree2007) on "Brazil Capitalises on China's Coffee Craze | Latest English News | WION Dispatch" video.

  1. Former Brazilian President Dilma Rousseff, who currently serves as the president of the New Development Bank, was awarded China's Friendship Medal by President Xi Jinping on September 29, 2024, The Friendship Medal is China's highest state honor for foreign individuals and is awarded to those who have contributed to the country's modernization and international partnerships.
    2
  2.  @berserk001  One simple fact that Indians may not realize is that India pays the highest interest in its budget compared to the US and China. In 2024, India’s total interest payment is $131 billion, which constitutes 24% of its government budget, compared to 10% in the US and less than 9% in China. In other words, India has a significant amount of debt; its total public debt is 182% of its GDP, compared to 120% in the US and 82% in China. This means that the so-called “fastest growth of India” achieved by the Modi government over the last few years was funded by borrowing large sums of money to pay for infrastructure like roads, airports, and bridges (although many of them have collapsed, which is a different story). Since they cannot generate the money quickly enough to pay the interest, this growth is not sustainable. Now, the growth rate has dropped from 8.3% to 6.7%, and it is expected to fall further to 6.4% next year. Additionally, the interest payment is also expected to increase to 11-12%. Kind Indians, Wake up. Ironically, India calls China's BRI is a debt trap for all other countries in BRI, so India refused to be in it, however, Modi government put itself into one it created by itself right now In the AIIB (Asian Infrastructure Investment Bank), which China established to support the Belt and Road Initiative (BRI), India is the largest borrower.
    1