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Belt and Road Initiative...who's heard of this?

 
DAVE400 2019-05-15 11:37:58 

Out of curiosity, how many of you have heard of this before?

If so...good thing? bad thing? indifferent- we all adjust to our realities?

 
camos 2019-05-15 12:30:31 

At least 3 years since that initiative started!

 
DAVE400 2019-05-15 14:41:54 

In reply to camos

Honestly...heard about for first time couple months back...

All I have to say is Thank God for Trump.

 
problemjay 2019-05-15 20:51:56 

Everyone know about tis initiative, you just late. Its more of a benefit than loss for all countries involved. Its a threat to America and western Europe future economic superpower hold on global economics so expect the American government and American mainstream media to speak out against the initiative and its founder = China

 
Larr Pullo 2019-05-15 20:55:53 

In reply to DAVE400

It's a debt trap for the African nations.

 
sgtdjones 2019-05-15 22:36:36 

The Belt and Road Initiative (BRI) is a global development strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organizations in Asia, Europe, Africa, the Middle East, and the Americas.

"Belt" refers to the overland routes for road and rail transportation, called "the Silk Road Economic Belt"; whereas "road" refers to the sea routes, or the 21st Century Maritime Silk Road.

The initial focus has been infrastructure investment, education, construction materials, railway and highway, automobile, real estate, power grid, and iron and steel. Already, some estimates list the Belt and Road Initiative as one of the largest infrastructure and investment projects in history, covering more than 68 countries, including 65% of the world's population and 40% of the global gross domestic product as of 2017.

Studies estimates that Asia, excluding China, requires up to US$900 billion of infrastructure investments per year over the next decade, mostly in debt instruments, 50% above current infrastructure spending rates.
The gaping need for long term capital explains why many Asian and Eastern European heads of state "gladly expressed their interest to join this new international financial institution focusing solely on 'real assets' and infrastructure-driven economic growth".


Its a trap for all nations that allowed China to build such, How will they repay?

 
BeatDball 2019-05-15 22:42:59 

In reply to sgtdjones Is the Dragon stupid enough to be Father Christmas? I dont think so...of course, pay back is a bitch! They have natural resources, so as the Guyneez would say, 'tings gwine cut out'...

confused razz

 
DAVE400 2019-05-15 23:04:29 

In reply to Larr Pullo

Trinidad; Sri Lanka, Guyana...

We dead...

And is more than just asset seizure...you have to start accommodating immigration..and fast tracking business interests..casinos..liquor licenses..

It's basically Chinese outposts in colonies.

 
Ninetenjack 2019-05-15 23:22:39 

In reply to DAVE400

Chinese version of imperialism, perfected by the western governments. The script is to indebt nations then get control of their raw resources or major infrastructure utilities when they can't repay at a major discount.

 
BeatDball 2019-05-15 23:30:06 

In reply to Ninetenjack

wink