China Reject IMF: What next?
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- Опубліковано 27 лип 2024
- China's relationship with the International Monetary Fund (IMF) has become increasingly contentious, especially in its rivalry with the United States. Beijing has raised several complaints about its treatment within the IMF, emphasizing a lack of fairness and adequate representation in decision-making processes. Despite its significant economic contributions, China feels marginalized, leading to calls for reform of the IMF’s quota system to reflect current global economic realities better.
China criticizes the stringent conditions and perceived political bias of IMF loans, arguing these often do not address the unique needs of developing countries, hindering their growth. Additionally, Beijing is frustrated with the slow pace of IMF reforms, attributing this to resistance from the US, which maintains substantial control through its significant voting share and veto power.
In this video, we will explore the confrontations between China and the IMF, and why China is considering alternatives to the IMF and other traditional financial systems.
International financial system on brink of collapse with BRICS
ua-cam.com/video/nxOISDpLkac/v-deo.html
IMF is american agente
The US has no business trying to tell anyone how to run their country. They ought to check their own debts.
@zoo-xibbitjayne2081 the yanks are beyond bankrupt
It's only $34 trillion above.
@@ponkajsarker4887 exactly. I can easily see them going bankrupt and selling the country out from under everyone.
@@ponkajsarker4887 imagine the interest from the usury
Increasing another trillion every few months -.-
The world needs to free from west colonisation
the oinly colonization existing is the ruzzian and chineze colonizations
China should just leave the IMF since they are not treated as equal
China also contributes money. And I suspect IMF isn't going to return China's money if China leaves.
一个懦夫国哪敢？
Nobody is treated as fully equal.
May as well done with Toothless UN, WTO, ICJ whatever the west created
Stop using loans to trap countries focus on your own people instead of stealing their wealth
BRICS breaks the monopoly of the G7 elites.
I sure hope it works
About time!
bruh BRICS has been around for 15 years, why are we deluding ourselves. After all this time, they got iran and china to allow transfers between each other when both are sanctioned. Chinese yuan is in free fall and India is not fully committed as they are neutral trading bloc. (They are neither for or against any platform). The dollar is still backed by american military, they can enforce it.
BRICS needs to form its own financial bank, away from IMF.
Yes, until this world sees the China King; it will be late.
China from starving of the year 1980s. USA helps China. Now they want to become a Lord of this world.
The money which China has now is from stealing (intellectual properties of Americans) + selling fake goods + tax money from Chinese people + from Chinese businesses around this world.
Why CCP shout out when their country is still developing and poor?
China takes "stealing money" to lend for other countries and making debts; that country lost land, airport, seaport...to CCP.
Should call it BRICS Global Trade Bank!😊
BRICS already has its own financial bank. But China is so greedy that it also finances the IMF. At the same time, the country complains of unfair treatment. It's what it gets from its enemy. And it's stupid to keep on being the IMF member.
No man is an island unto himself. And yes they could have taken out the IMF but advisors like myself and they themselves realize that we manage a global economy and they cannot distance themselves from a global economy. That is to say by maintaining relations with the IMF they preserve the status quo while upgrading the system for themselves you see. Taking out their customers and putting them in poverty does not help them. It was their decision, not mine. I originally told them to not dump the IMF they are not experienced enough to manage the global economy.
There is a shit stirring country in brics who is flirting with G7.
Western hegemony finished ⌛️...
Thank goodness.
Not yet . The binding factor is the IMF BIS WEF who BRICS " multipolar" club have outsourced to design and rollout their "BRICS digital currency/ CBDC" . So the IMF BIS have China and BRICS by their "short and curly's" .😢
@@gavinclaassen6440 لا تصدق كل شي يقال
IMF CAN BORROW MONEY FROM CHINA…
Doesn't work like that IMF would lose China would own them
Seeking an alternative is the way to go
Bitcoin, gets rid of the WEF BIS IMF influence especially with the dumbass decision made by the BRICS to outsource the design and rollout of their impending BRICS digital currency CBDC., see project mBridge on Google.😢
IMF headquarter should be in the country with the biggest GDP.
Now you know why a certain country with almost 35T debts, is cooking their books.
IMF are a criminal organisation there not banker's
To be fair, China has a point..
Welldone China. Say NOOOOO to UN, WHO, WORLD BANK, IMF... 👌👌👌👌👌👌👌👌👍👍👍👍
Every country is for itself. China is doing the right thing.
we support new currency, kick out old dollar
Agree with China 100percent
China should leave IMF, that is representing just US interests
And especially it's controlled by the U.S.
Nations must leave the IMF bias system???
China can lend IMF money.
It is TRUE that China lend more money to the rest of the world than IMF and World Bank combined.
Wow that does sound strange
Think they already been the biggest money contributor to the IMF over the years
Great new channel 🙏🏻
Thank you!
The BRICS countries should set up their own international monetary fund that have balance voting rights in accordance to their contributions and not controlled by any powerful countries
Well, the balance voting rights is in accordance with contributions IMF systems is the same. US contribution is very high that's why they get more voting rights.
Idealistically speaking !
great move China 👍💪
Does the USA not even be a responsible player?
Kick UN out too
Just remove the funds from the IMF and start a new one very simple very practical very fair.
The BRICS can create its own international fund just as it creates its own currency.
Exactly 😊
Your thumbnails are so GOOD & original.?
If it’s you or Whoever does your graphics ?👍... I’m beginning to know instantly it’s your channel just by your thumbnail style..😁
Yes China should totally disassociate with IMF. Being part of BRICS China should use the BRICS financial system to operate their control.
👍👍👍
BRICS cheer squad should go live in the countries involved since they are so great.
@@Ghekko-kw3zz I found out recently that the price of the application to renounce citizenship is $5000 & increasing. They’re literally trying to price people out of leaving😂😂It use to be like $1$ or $2k. Give us our tax money from the last 6 years & I’ll leave.
j wonder what would happen if USA, Japan and S. Korea would apply to join BRIC's ?
The USA would have to ask Israel for permission.
@@sinistereleven9145
Right ! They will have to apply for permission after all the US-UK and the EU are their true masters. They're just faithful chihuahuas, even to shit they have to get permission.
No way they will be considered.
Is that the new american dream to be part of the BRICS?
Well done China Superpower. 💪💪👍👍👏👏💯💯♥️♥️
❤U guys show, SA=0.6 great start ❤Palestinian. Proud African
The IMF is no different from a cash lending company. They lend the money to countries who are experiencing economic difficulties, have them sign a contract to pay back triple the amount back in interest. And if not paid on time, the interest keeps getting higher and higher which hurts companies and employees.
So how much do countries really contribute to the IMF?
Sounds to good to be true, but I'll listen!
Every country should avoid IMF all together.
Yes of course.🤖
It would be beneficial to China and other members who are under represented within IMF to start withdrawal process from IMF gradually within an accelerated time frame. This will ensure these members to participate in other justified organizations.
-$87.000.000.000.000 bankruptcy right now...
😊😊😊the imf is a financial military weapon.
Why China need reform of IMF not UNO..🤣🤣🤣
Whats the role of xrp crypto coin on these developments
China should set up BRICS Monetary Fund. BMF
Poor narration alot of stops what is that?
In your headline it says china rejected imf. in the stiry it says china might reject the imf.. another click bait you tube sigh..
Change name from IMF to something else.
Yea they do everything the build in other countries is dont with their own people money and national security interst at hand
Why does China need the IMF ?
China cannot leave the IMF, because China wants a world wide relationship and a peace among the world, not divide it, that's why China is still there, they want the world to be together, not divided in groups with hate toward each other
Question, how can China fight the IMF / BIS if the BRICS "multipolar" club are depending on these undesirable unipolar world order institutions to provide them with their expectant BRICS CBDC project mBridge !?!?!?!?!
why we still want to defend the usa even usa people and western are already in limit waiting ,they economy also will broke if they goverment dont care about they people
Here's the bad news- Brics will not or never will threaten or replace the American dollar as the world's currency.....
If we contribute more to imf what is china complaining about give up more money to it and you will be equal why should we put more and china less but wants equal treatments they all need to pay their fair share just facts
Predatory leanding behavior
World Bank + US = colonial predators😂😂
Just leave, build up the NDB as your alternative! No need to fight!
Where is my comment gone? 😒
@@khayasontsele8984 it's here
You didn't worship the West.
Don't know !!
That is part of the chess game of the balance of power. But non political wealth building is what people are actually doing behind the scenes.
What happened in Europe to cause the shift to the left? Well secrecy VS propaganda. How do you work in an environment like this? That takes genius. But it takes good networking also, just like you my friend doing your part well.
So full breakdown,,, A king gives you an island (monarchy), the crown gives you a large building on your island to escape the heat and says if you build a garden in there we will supply materials. (Feudal system) You build a garden invest your time you are now a capitalist. The LIBRARY calls you up and says if you donate your garden to the library you will have immediate access to 60,000 gardens. That is socialism. So all the other definitions you see out there are not real socialism.
So then we made websites those were our gardens and then we got access to millions and millions of websites. So the fastest way to prosperity. Now it took us years to build this internet but the people love it so much they are on it all day every day. Why? They are socialist by nature.
So using the Internet we built a socialist world. Without anyone realizing it. Partially governed by Karens and other squeaky wheels and of course social networking outlets the ones people use like X. What some might call a better autopilot than the G20 who need to be taught economics every time they get into it as finance minister of a country since it is secret knowledge. Real economics.
The problem arises when their term ends in 4 years in their country and in they come again clueless. Turn your back they are doing crazy things and want you to eat bugs for the great reset as an example.
So to make a long story short we leveraged that created a trading block from Japan to the UK and built a northern silk route by rail for safe luxury rail holidays for the wealthy. Tans Asian railway, Trans Siberian railway, Russian railway, Chinese rail, and Japanese rail. Attempts to stop us from building this trading block were Iraq, Afghanistan and then Ukraine. Yet we managed it.
By using rail and creating BRICS and the SCO as the balance of power. This took 20 years of our lives. And it was kept quite secret. Thanks to propaganda which would never announce such a thing.
However recently some were informed during problems in the Ukraine and they were asked, who would you rather be like, Americans in their dystopian society following NATO and WW II mentality or like Russia, moving forward to prosperity protecting their culture according to their own designs?
So France wants to join BRICS sees the potential but needed to shift to the left to accomplish that and Britain was all in, after discussions with higher ups lets say.
Giorgia Meloni also on side and wealthy women everywhere on side. Since the luxury train tours the really good malls that have been made for them on route.
So Japan needs a rail bridge to Russia we are working on that and at the NATO conference we will discuss that and get them to step aside so the SCO can manage the security of that bridge.
So that Japan's luxury rail already built, can access that larger market.
So wealthy people take the train, you take the train, you meet them, you make contacts.
Follow the money.
❤😢.. 👉🏻👉🏼👉🏽 America calls it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question...
Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government)
China 1949 to early 1960s
Albania 1949-53
East Germany 1950s
Iran 1953 *
Guatemala 1954 *
Costa Rica mid-1950s
Syria 1956-7
Egypt 1957
Indonesia 1957-8
British Guiana 1953-64 *
Iraq 1963 *
North Vietnam 1945-73
Cambodia 1955-70 *
Laos 1958 *, 1959 *, 1960 *
Ecuador 1960-63 *
Congo 1960 *
France 1965
Brazil 1962-64 *
Dominican Republic 1963 *
Cuba 1959 to present
Bolivia 1964 *
Indonesia 1965 *
Ghana 1966 *
Chile 1964-73 *
Greece 1967 *
Costa Rica 1970-71
Bolivia 1971 *
Australia 1973-75 *
Angola 1975, 1980s
Zaire 1975
Portugal 1974-76 *
Jamaica 1976-80 *
Seychelles 1979-81
Chad 1981-82 *
Grenada 1983 *
South Yemen 1982-84
Suriname 1982-84
Fiji 1987 *
Libya 1980s
Nicaragua 1981-90 *
Panama 1989 *
Bulgaria 1990 *
Albania 1991 *
Iraq 1991
Afghanistan 1980s *
Somalia 1993
Yugoslavia 1999-2000 *
Ecuador 2000 *
Afghanistan 2001 *
Venezuela 2002 *
Iraq 2003 *
Haiti 2004 *
Somalia 2007 to present
Honduras 2009 *
Libya 2011 *
Syria 2012
Ukraine 2014 *
2014 - 2022 - 9 countries yet to verify.
Pakistan 2022 *
Haiti 2022 *
Israel 2023
Niger 2023
If be world peace . In usa coming crisis . Nearrly dollar valueless.
The valeu off the dollar is still rising 😂
Looking at what IMF has lend out in recent years keeps on decreasing I think it is no longer a well used lender. China doesn't need to lend from IMF so it doesn't play any significant role, apart from objecting to IMF treatment of the weak economies. The world can borrow money from BRICS too.
WESTERN GDP EQUIVALENT TO RECESSION....BANKRUPT....ONLY JAPANESE GOT FOREIGN RESERVE SAVING....
I see many comments to this video supporting BRICS and
even suggesting China should leave the IMF
Both suggestions make no sense
China does not have the resources to stand alone and reject the traditional global community. This is why a recent analytical report independent of both the global financial community and BRICS stated that BRICS has not made any progress whatsoever enacting anything to date. Maybe that's an exaggeration but it's true that as an organization there are no achievements except maybe the creation of the New Development Bank.
BRI projects have come to a standstill as China's domestic economic problems make it harder to justify projects in other countries and older projects don't generate the returns promised.
If anything, current events are proving that China has not learned enough transforming itself into the #2 global economy and so has hardly earned the right to say how money that isn't China's should be managed.
China is the biggest economy in the world. It has the right to influence the IMF. Your comments are 5 years out of date. The US is a fading economy.. The G7 is smaller than BRICS. Loans should have a ideological motive. This is what the US does.
Leave the corpse of the IMF. It brought nothing but failure since it's inception.
China has a larger economy than the the US. Wake up!
China didn't reject IMF as you so clumsily put it. Voicing concerns doesn't mean reject, the last time I checked on Oxford Dictionary!
The unfair representation issue with IMF has less to do with non-g7's transparency than g7's financial and political imperialism.
This is something that general population is completely unaware of. The working class of the world just go about with their everyday requirement while the politicians and the governments play their games. The growth of the western countries and their development clearly points to the fact that this world is lopsided.
At some point, China will have to leave the IMF and in the meantime China has to promote alternative organizations to the IMF and lobby for countries doing business with China to move to the alternative organizations.
😂
gd
The BRICS is bigger than the G7 dwarfs.
1:31
Watching from Denver Colorado freedom's worldswide freedom's freedom's freedom's.
This is Serious u Think
China has no right to alter IMF practices
Because China itself doesn't understand high finance on the national and international level
Some people might respond "What? China is the perfect successful example for all developing countries to follow, having transformed itself from impoverished to the #2 economy as measured in GDP in only 4 decades."
Appearances might not be what they seem. China's success has only been possible due to American benevolence. If America wasn't a willing supporter of China's, China would not have been able to sell the goods it makes and would not have accumulated wealth.
In fact, today the US has turned away from and sanctioned China for its intentions to eventually go to war with the US and its belligerency against its neighbors claiming territory based on history that predates the existence of many of these nations.
China no longer enjoys willing trade partners and is learning that without those partners China's economy could collapse due to its leadership's hubris, ignorance and cowardice. Today the CCP led by Xi is adrift, unwilling and unable to make the reforms that could activate domestic consumer consumption and too proud to make amends for all the bad behavior over the past 15 plus years.
China will learn that the IMF rules and practices are essential and apply to what China should be doing for itself like all other developing countries.
@@tonysu8860 utter nonsense! Go back to sleep. You have no clue what you talking about!
@@tonysu8860 What you are saying makes no sense.
Tony is either high on drugs or an anti-China bot posting the same script all over the web. Lol