@@zeflute4586 Britain never pays any rent. The treaty said that The New Territories was leased to Britain from 1898 to 1997 in English. However, the treaty said that The New Territories was leased and lent to Britain from 1898 to 1997 in Chinese. "leased and lent" to make it fuzzy or blurry.
I have seen Belt and Road projects for myself in Kenya, Ethiopia and Senegal. In comparison with IMF projects of years gone by, these have real financial discipline. Gone are the days when IMF money would simply be converted into debt without ever becoming infrastructure. Now, if you can't pay for your railway, China will take ownership back. That threat (together with Chinese project management) focuses the mind. That means that the railways get built, and people's lives get better.
Unlike the IMF, China has the expertise, the machine and the labor to make tangible projects reality. It's like borrowing from a contractor to make your house then they make your house
If the IMF knowingly lend money to a country that is not capable of paying back expecting to repossess the assets if not paid, that is a debt trap. The IMF requires financial responsibility.
@@tuck295q Do you want the Chinese government to hire local people with no professional knowledge to do professional things that they are not competent for?
@@anonymintheworld9781 Ah, the Chinese trolls, you are honestly calling Thai people who have experienced with manufacturing and civil infrastructure for many decades “No professional skills and competency to do the job”? What a pathetic excuse of an argument. The last time I check, so many cheap defects production come out of China as fakes. Who’s competent? All China does is stealing world IP and immigrating them then look down on other smaller nations. Btw, when China was starging themselves with Mao Zhedong, Thailand is the country who went to help with agriculture during Deng Xiaoping. And this is how you think of us eh?
A $1 trillion dollar project spanning 36 years connecting China to the whole world vs. Half the budget of the Cares Act which propped up the US ticking along (mostly) for 4 months.... I think China gets better value for money here
That’s because most of the chinese only make between $2-10 per day, and they have millions of people in concentration camps that provides the regime free labor. Sad that Americas youth are being brainwashed to think Marxism and socialism are attractive
@@mvcharisma you from the 1970s or something? 4 usd is closer to the average per hour rate in china now. you make fun of "Americas youth" but you yourself is here spreading false information
I clearly remember when they announced this. American were laughing like crazy. The Media had a field day at that time, but who is laughing now? I guess America couldn't imagine that something like that was possible.
USA has been laughing at China for 3 decades, USA also laughed at Wuhan outbreak so loud in Feb... 'it's China's chernobyl moment, Wuhan pandemic is good for American economy' when USA realized what China said is true, then USA got so mad:'why Chinese doesn't tell me earlier?' ...China never laughs at what USA before Trump, because China is always looking for merit from USA..
One major reason the Arab Spring rose so quickly in Egypt was the selling of much of the Nile land (the only fertile area feeding 80 million people in the world's driest country) to multinationals -who then leased it back to the farmers at up to 2,700% price hikes.
@@thykingdomcome7238 I agree, Slavery, Colonialism and Colonization are all evil things done and benefited by evildoers. True, the world is full of wolves wearing a sheep's clothing, and playing victim. These wolves are nothing more than 'Scumbags' who enjoy living off the people of the world's blood & sweat for century after century, generation after generation. Thanks for, blog.chinadaily.com.cn/forum.php?mod=viewthread&tid=1795128
@@thykingdomcome7238 "China is a beacon of hope for the long suffering world. China is the only nation, in five centuries, to be able to withstand the bully West." Truth hurts, isn't it?
To quote Theodore Roosevelt: “It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.” Criticism is cheap. Anybody can criticize. Creating something of value is significantly more difficult. I’d think twice before insulting somebody on something you haven’t attempted to do yourself.
To developing countries, the belt and road initiative present interesting opportunities to grow their economy. The entire world saw how China was able to rapidly grow its economy by investing in infrastructure and manufacturing. The developing counties also want to do the same thing as China, which is why many signed up to this project, and this project is their best bet. Loans from western governments often include a lot of austerity measures, while loans from China just need you pay P&I. Unless the West is able to offer something better for these countries, it will be hard to stop this project, as you cannot stop countries from trying to better themselves.
China's growth is primarily related to market reforms, i.e. opening the country to capitalism, This is what financed the infrastructure. Just building infrastructure without the economic activity developed by capitalism is a recipe for failure.
@@dennisweidner288 There is a Chinese saying that if you want to do business, you first need to a build a road to your store. If you read Western and Eastern studies on African development for example, the main factor limiting Africa's growth is their lack of power generation. This is why China is helping them build power plants. Africa also has a lot of raw materials, but lack the roads and logistical infrastructure to exploit and transport the resources to the market for sale. While I agree market reforms played a good part in China's development, that is only part of the picture. Better infrastructure means better productivity. More products means more money. More money means they can spend more on infrastructure. This positive feedback loop is what drove Chinese economic growth, and the model China is trying to replicate in other developing countries.
2:00 "wait for it. a trillion dollars" What's a trillion dollars? The US just printed trillions of dollar and handed it out to the corporations under the guises of stimulus but was just pumped into the share market. Benefiting only the richest few people. This project involves 3 continents and so many countries and over 2 billion people.
After reading some comments below, I finally understand the difference of thinking between Chinese and some people. Chinese prefer to consider the benefit in a long term. If we can finally benefit from a project, we would like to try it although we may have to pay too much in the beginning. Actually, nobody can become a developed country if you pay nothing. Even those developed countries, their ancestors also spent hundreds years on the project of being advanced.
Westerners prefer to privatize everything (building roads etc etc ) and so it becomes much more expensive for the govt and ordinary people (taxes) but the private companies and their mates (often those in govt ) make huge profits.
@CaptDeaDpooL CCP is only 80-years-old. The history of China is much longer than CCP. Before CCP, westerners robed China's wealth, killed chinese people, mandatorily rent land from qing dynasty. We remember everything.
@CaptDeaDpooL and the countless killings the US has made and the UK has made and lets face it every country in its history has made countless killings in their rise to the present day. Or even in the past. Countless killings and wars are what humans do best.
I'm CCP member so I tell you my answer. 1.Developed countries' economy collapsed due to American Financial crisis 2008, it effected Chinese export a lot so CCP built so much infrastructure to digest excess industrial products domestically, like China built 70% high speed railway just in 10 years, it also reminds China that developed world's purchasing power is shrinking and China shouldn't just rely on USA too much. 2.Chinese coastal areas are rich like Eastern Europe but it's still very third world in Western area like Xinjiang, Gansu, Yunnan, Tibet etc, so China needs to make port inland to open trade for the poor province, it will balance wealth gap between East China and West China. 2.As Obama's Pivot to Asia policy to contain China, China realized China is too big for USA hegemony so China need to break through USA containment in malacca strait controled by US navy, that's why China spent heavily in so-called String of Pearls made India afraid, actually China never regarded India is threat maybe India is so pissed off for China doesn't regard India as threat. 4.Chinese said "if you want to get rich build a road first", China built port and road for closed countries so China can sell to them and buy from them, if there's no resource can buy then China will just move low-end manufacturing there, once they get rich then China can get more profit, it's kinda like USA Marshall Plan in Europe and Japan's ODA in Indochina, Chinese loan is lower rate than IMF WORLDBANK so those poor countries can't get loans from IMF because usually IMF won't lend money if poor countries can't pay, then they will look for Chinese loans and make Chinese Yuan more global. 5.To unite Eurosia and make ancient China revived again by new silk road.
@@19thcenturyman95 I expect Sri Lanka to default on it sometime in the next couple of decades. The alternative is that a combination of their currency falling on the world market and inflation in Sri Lanka will devalue that debt. These aren't actually mutually exclusive. This sort of thing is why China is taking the long term leases as collateral.
@@19thcenturyman95 . You should check out what the west did in Indonesia in 1997. Using IMF, they forced the government into taking measures to devalue their currency so that western fund managers were able to snap up profitable companies for a song. Same thing happened in Korea during that crisis. Pre-crisis, foreign, meaning western ownership of Korean companies was less than 5%, post crisis, about 50%.
@@yellowbird1170 it is how the forces that control the world make change. Economic terrorist. They ruin your country through debt and devaluing your currency. China knows damn well what it is doing. And Many people in positions of power in every country are helping it happen. Go to the Macy's a department store here in the USA and 99% of the product is made in china. Construction companies in the USA using chinese steel. Does the company you work for company do business with china, chances are yes for most people on the earth at this point in time. Boycott China
Yeah but it would seem that The British only wanted to own these lands symbolically where as when China becomes the next top world power we can only hope they are as gracious. Seeing how they react to things like Hong Kong or Winne the Pooh my outlook is bleak.
Please do one about the Titan 1 underground missile bases. I was absolutely blown away by their size and complexity when I first learned about them. A true megaproject!
"It's easy to fear change when we look down from our Ivory towers." Fantastic writing Olivier and presenting Simon. For some reason that line struck me.
14:45 “...little to do with China...” almost a fair summary. The loans are not made due to market forces, which would ensure a return over a reasonable time frame. The creditor has to take the blame for this for allowing these huge risky loans. We know very well that many of these countries are absolutely corrupted and Malaysia isn’t nearly the worst, which is why it came to the open. But yes, China is not alone. We last saw this within the EU itself in the 2008 crisis with the PIGS using huge subsidized loans to build airports with no flights. Just amazing that nobody went to jail.
Is this any different from other world powers and financial institutions that invest in the emerging economies? China is getting criticized for what the US, EU and IMF do all the time.
Not just any cement companies. Chinese cement companies particularly benefit from it, as one of the conditions of the belt and road initiative is to use Chinese manpower and resources.
@we need to eat the babies Don't forget private ownership of 3rd world nations most profitable natural resources by multinational Corporations. That goes nicely with those Capitalism bombs and death, destruction and untold Human suffering. Yours truly -USA, UK and France xoxo
@@billscott1601 How's that any different from what the US does? At least China's trying to actually increase the standard of living in these nations. Unlike the US who's only concerned about wealth extraction.
@@CleanupKrew7 "here's a multibillion dollar international air terminal that sees one flight a day, enjoy..." "...we'll land troops there no problem" "sir, you said the quiet part out loud again"
Omg I legit just suggested this and didnt see this comment prior. I think this is an awesome topic that has very little "coverage" in any docs I watch.
Thank you for making this video. It is very fair and open discussion about the belt and road initiatives. As a Chinese American I felt like it is the first time a westerner report this project without bias. I agree deeply with you that the result is remaining to be seen. However I strongly believe that it might be the greatest effort achieved by human to reach and connect so many countries. Also I agree with you that many local governments are responsible for their own when decide to take loan. Good job! I will be following you! Thanks 😊
Dollar diplomacy held at the tender mercies of the globe’s most brutalizing regime? SOUNDS GREAT! But seriously, 1 trillion is a hella’ cheap investment for that kind of access to waterways, shipping lanes, and militarily strategic footholds.
@@angrydoggy9170 I still can't go out without risk of infection, and 1% of american population has been infected, this is pretty much a COVID infested hellhole in California
Cheng Cao Ok, so having less infections makes a country civilised, got it. Economic, political freedom and basic human rights have got nothing to do with it, thanks for clearing that up. Here’s I was, thinking having freedom and basic rights was important, silly me.
I think the intrest rate is around 2%. What is the Prime rate in your country and the actual rate you getting from your bank? Especially commercial loan?
you pretty much nailed it. its Chinas way of annexing other countries when they cant pay the loans back, and they will also control many important military positions.
Debt trap diplomacy. Give loans to countries you know can never pay it back and use it as a mechanism to take their stuff. Sweeten the deal with a few luxury houses and things for the corrupt officials and you're sweet. The dumb fucks either don't know what they're getting into or don't care.
My 13-year-old comes up rolls her eyes and then says “why don’t you just skip the commercials!?” I reply “because Simon likes that sweet sweet Watchtime!” She’s not talking to me anymore today 😂
15:35 Thank you for mentioning that. Decedents of colonists keep thinking whoever becomes powerful enough will always choose to enslave others instead of getting strong together.
@p46709394 Descendents of colonists now live in free democratic nations and have created a world economic system that in just a little over one generation has thrust 1 billion people from abject poverty to the prosperous middle class. It is the greatest era of wealth creation and poverty in human history. Some countries have not benefitted. There are reasons for this, but it is not because developed countries are trying to enslave anyone.
@@dennisweidner288 when Uyghur population grew consistently over the last 100 years, you call it a genocide. Cos they showed you some videos of buildings that looked like prison. You never question maybe they can distort the story. One child policy only applied to Hans, not minorities like Uyghur. when last few hundred years, colonists siphoned resources around the globe that even the Vikings would envy. when first nation people population dropped to 5% of its original? You call it free and democratic! I call it almost finished spending 400 years of loot and now panicking, the world seemed to be finally running out of little guys to pick on. The thing that I am most skeptical about... do the donkey and the elephant really representing for the good of the entire forest? who fed you this idea that charming contests every 4 years is the best way to select the leader? are all voters trained to repel misinformation? otherwise its just numerous tyrants makin decision together. Reselecting the puppet they want you to pick just like a pick a card trick. Elections does mean democracy if voters are able to pick the correct leader, right? But historically speaking, Since the end of monarchy, we had 2 world wars. Hitler was voted cos he promised to make Germany great again? 1700s till now, US has only 17years not involved in a war. I really want you to debunk this. Why is the US also giving you propaganda to pro war. if you tell me US protecting the world had good results. Then I wonder if you know Syria's gas is flowing into the US right now. pff... maybe I typed so much I must be paid by CCP to spread misinformation? You go find out the truth. find out what happened on bikini island. Who's side is anti war. One of us should be correct? At least we can agree deep down we both wish for world peace, right? We just can't agree which side is good?
@@dennisweidner288 it's okay if you don't want to argue about previous events. Iran and Saudi are trying to sign some peace seal this month. Let's see what your media is painting this story this time.
@@p46709394 I didn't know that I had a media. See there is a difference in our outlook. You have a concept of state-controlled media with a single point of view. That is the case in many countries. Iran and Saudi are good examples. That is not the case in the West where multiple views are permitted. And you don't get arrested or butchered in an embassy if you dare criticize the government. That is why both Saudi and Iran are such failed societies. And only survive because they have vast quantities of oil to pump.
if this succeeds, we will see third country nations developing due to the economic benefit it brings. Much respect to China for their initiative to lift and bring countries together. yes, this gives china geopolitical leverage and make them hegemony which i honestly prefer over that of the west who only helps very few countries while the rest remain their hostage. I pray for the success of this initiative.
@@LeglessWonder It is more of an authoritarian country efficiently doing things while democratic America has her thumb up her ass. Especially those freedom 'Muricans.
On aspect of the BRI, which should have been discussed in this video, is how developed countries are all now, under the pretext of "competing with the BRI", providing development options to developing countries as well. The BRI isn't just amazing for what it alone has done, but for giving other nations the motivation to help develop developing nations as well.
By 'amazing' you are talking about infrastructure projects. Are there sucess stories where people's lives have been significantly improved such as what occurred in the Asian Tigers and China itself when market reforms (i.e. capitalism when capitalism was introduced).
Maybe it just felt shitty to have someone that we were so invested in looking down upon fare better than us now. While the allegations of foul play are simply reason we give to comfort our damaged ego.
@R DOTTIN The USA does not do that. Show me one place where the US offers to build a infrastructure project like a airport a port railway for free but they own it and operate it for 99 years.
Excellent round up on the BRI project. My comment on BRI is with reference to the book called “The Economic Hit Man”, but frankly speaking I couldn’t care less who Mega controls project whether USA thru its proxies IMF/World bank or now China so long as it benefits the participating nations to alleviate its poverty. In this instant China in the last two decades has unprecedentedly lifted its own very poverty index to the level that over 350 million people have jobs and living a decent life. S. M. Ali Harrow, UK
It didn’t get mentioned, but the city I live in (Melbourne) is one of the few Australian cities getting involved. Or were getting involved. Not sure of the situation now. But they’ve also leased a port in Darwin for 100 years.
I may be wrong here, but it seem's like someone's trying to make selling Western technology to poor nations for blood is the same as the West providing their own technology for a price...if China were the intelligence behind the tech it would be a different story, but they're not...
1) China doesn't do all this because they're nice. 2) China is about taking over the world. 3) China's Modus Operandi is to get poor countries in to debt and then forgive the debt in lieu of taking resources and or installing military bases. 4) China thinks in terms of 1000 year dynasties and not in a 3,4 or 5 year electoral cycle like most western capitalist societies. Since the Wuhan Virus the people are starting to wake up to China
idk if anyone else knows that china is just following the US example. back in the 1940s when britain was the last major power yet to fall to the german onslaught, the US gave britain old us destroyers for british leases on islands for 99 yrs. yes the chinese way sounds bad but one must remember what the US did to britain in the 40s... im a bit stoned to correct me if im wrong.
Standard international loan. "Land Lease Deal" Look at the Panama Canal... The USA had a 100 yr lease for the canal. They recently turned it over to Panama. But Panamanians' were encouraged to revised their laws to deal with corruption. Now China on the other hand have a no meddling policy. So they are not going to put stipulations on loans like IMF (No New Schools or Hospitals Clauses in loans) or World Bank (human rights).
@@Rotheruler Only after invading the country first to seize the canal because their lease was about to expire and then having it, rather conveniently, extended by the government newly installed by the USA.
Aren't you going to talk about how only Chinese people are the ones doing these projects (don't allow the residents) and opening up businesses in these areas, (and also) not allowing the residents of the countries to work and pushing them out. Maybe talk a little bit about that?
Maybe he can also talk about these countries are not forced to take the loan and did? Stop using your credit card then say the interest rate is too high after you spent the money.
How about you read this report instead of Washington or Delhi mouth piece www.chathamhouse.org/publication/debunking-myth-debt-trap-diplomacy-jones-hameiri
@@rwatertree so bribes don't work in USA? Big dig project in Boston ended up costing over $14 billion... Many times over the budget... You telling me no bribes were taken? Lol ok for Americans to bribe... Not Chinese?
@@Timpon_Dorz Those are your words not mine. The reality is that Belt and Road projects are not above board; small nations are being saddled with huge debt due to corruption.
@Don ta Even it is, it is still a million times better than what the West had done to the world. Slaves trade, for one, is a proud handiwork of those who now accuse China. Just reflect for a moment before you talk.
@@yz2081 When did the US last annex someone? Cause this is a "China is the central bank and China reposeses" initiative. IMF sucks and all, but at least it can't create the potential of your home being annexed.
First freight train from China to Prague through Turkey traveled in 2019, not in 2009. This was made possible through recently completed Baku-Tbilisi-Kars Railway and Marmaray Rail Tunnel under the Bosphorus Strait in Istanbul. Both projects were incomplete in 2009. First freight train from Istanbul to China traveled in November 2020.
The loans we gave the third world from the 70 to the 00's were far worst with worst repayment and more control exercised. This isn't a China thing it is the rich exploit the poor thing. It is what we do.
*THE DIPLOMAT REPORTED EVIDENCES TO PROVE CHINA DEBT TRAP* Every one must read this: thediplomat.com/2020/01/the-hambantota-port-deal-myths-and-realities
Total cost: 1T. To put that in perspective that could fund the US Military for one year. Or they could have invaded Iraq or Afghanistan and occupied them for decades.
@@triadwarfare , all these places you mentioned are already under Chinese control, don't need any more money. It is better to use these money to help Pakistan, Nepal, Bangladesh, Iran etc.
@@omerkhar Poor Countries: Help us develop. The West: No. China: I will help and give you loans you cant pay. Poor countries : *Takes loans from China* The West: *shocked pikachu*
Do the SS United States. It was the pinnacle of the steamship liners and had a ridiculously high top speed for a ship of it's size. It held the record for the transatlantic for like 40 years and represented a hundred years of the shipping industry's achievements
The U.S. had so much war capacity after the end of WWII it needed to constantly fight wars, drive up tensions to feed the war machine. China, have so much infrastructure building capacity after building their own, they have to export it somehow as well. One sends bombs all over the world, one builds roads and bridges. Both just wanted to export their excess capacity that's all.
Thank you, Simon. I am doing research on this topic.. thank you so much for uploading this video... huge fan of you... keep up with your work brother...
U have already done a video about the CPEC and The Belt and Road Initiative and videos about the DMIC (Delhi-Mumbai Industrial Corridor) and the Mitsubishi X-2 shin shin would be really appreciated. Well, Great video as all ways
Well, thats simon for ya. Simon: plugs other channels Same Simon: *forgets to put link* NEXT EPISODE: Simon: checkout my other channels, but search it yourself, cuz i forget.
@@CrazyNikel exacly im from canada and usualy i need to change my suspension but when i go to the states suspension and direction all new 0 sound 0 pot hole compared to Canada
Thousands of Military Base all over world. West:- Woow They Exporting Democracy..😍 China:- Connecting world Economy. West:- Look China is a threat. They all need Democracy..😭😭
The initiative is a great thing for developing countries, it just needs more supervision. And developing countries has to use this initiative cleverly.
The China Pakistan economic corridor is absolutely stunning and you can't judge by looking at it on UA-cam you have to see it on the ground it's transforming Pakistan like I can't even recognize it.... wonderful job China Pakistan
7:55 Britain didn't "lease" HK from China. It was practically taken at gunpoint.
Britain never pay any rent.
Once I heard that I knew this guy doesn't know much about China's history
@@kwokholuk8723 yep where's our rent money!
@@zeflute4586
Britain never pays any rent. The treaty said that The New Territories was leased to Britain from 1898 to 1997 in English. However, the treaty said that The New Territories was leased and lent to Britain from 1898 to 1997 in Chinese. "leased and lent" to make it fuzzy or blurry.
@@zeflute4586
May be "leased OR lent".
I have seen Belt and Road projects for myself in Kenya, Ethiopia and Senegal. In comparison with IMF projects of years gone by, these have real financial discipline. Gone are the days when IMF money would simply be converted into debt without ever becoming infrastructure. Now, if you can't pay for your railway, China will take ownership back. That threat (together with Chinese project management) focuses the mind. That means that the railways get built, and people's lives get better.
Unlike the IMF, China has the expertise, the machine and the labor to make tangible projects reality. It's like borrowing from a contractor to make your house then they make your house
Oh hahaha, only employed Chinese though.
If the IMF knowingly lend money to a country that is not capable of paying back expecting to repossess the assets if not paid, that is a debt trap. The IMF requires financial responsibility.
@@tuck295q Do you want the Chinese government to hire local people with no professional knowledge to do professional things that they are not competent for?
@@anonymintheworld9781 Ah, the Chinese trolls, you are honestly calling Thai people who have experienced with manufacturing and civil infrastructure for many decades
“No professional skills and competency to do the job”? What a pathetic excuse of an argument.
The last time I check, so many cheap defects production come out of China as fakes.
Who’s competent? All China does is stealing world IP and immigrating them then look down on other smaller nations.
Btw, when China was starging themselves with Mao Zhedong, Thailand is the country who went to help with agriculture during Deng Xiaoping.
And this is how you think of us eh?
A $1 trillion dollar project spanning 36 years connecting China to the whole world vs. Half the budget of the Cares Act which propped up the US ticking along (mostly) for 4 months....
I think China gets better value for money here
Lmfao what a hilarious way to look at our whole administration.
henry blunt funny with at least some truth
That’s because most of the chinese only make between $2-10 per day, and they have millions of people in concentration camps that provides the regime free labor. Sad that Americas youth are being brainwashed to think Marxism and socialism are attractive
@@mvcharisma Hahaha, only a murican would think like that ....while their own infrastructure is visibly in ruins everywhere.
@@mvcharisma you from the 1970s or something? 4 usd is closer to the average per hour rate in china now. you make fun of "Americas youth" but you yourself is here spreading false information
1:35 - Chapter 1 - China Belt & road initiative
3:00 - Chapter 2 - Background
4:50 - Chapter 3 - The silk road economic belt
6:10 - Chapter 4 - The maritime silk road
7:55 - Chapter 5 - Projects
11:10 - Chapter 6 - Show me the money
14:00 - Chapter 7 - The future
- Chapter 8 -
Thanks
I clearly remember when they announced this. American were laughing like crazy.
The Media had a field day at that time, but who is laughing now? I guess America couldn't imagine that something like that was possible.
So many politicians are eager to accept loans they will not need to pay...
USA has been laughing at China for 3 decades, USA also laughed at Wuhan outbreak so loud in Feb...
'it's China's chernobyl moment, Wuhan pandemic is good for American economy'
when USA realized what China said is true, then USA got so mad:'why Chinese doesn't tell me earlier?'
...China never laughs at what USA before Trump, because China is always looking for merit from USA..
@@lvjinbin28 Chinese are smart as Japanese
Even the Chinese public were skeptical. It's too big a picture for any individual to comprehend.
@CaptDeaDpooL Yeah, yeah, just like some "democracy" killed native Americans to "make America great"
One major reason the Arab Spring rose so quickly in Egypt was the selling of much of the Nile land (the only fertile area feeding 80 million people in the world's driest country) to multinationals -who then leased it back to the farmers at up to 2,700% price hikes.
They are doing this now with black rock buying residential homes
2:09 did someone accidentally pull out a usb or something?
i actually panic'd
Also noticed that lol
I'm glad I checked the comments... Cause I wasn't in front of the screen when I heard that and thought I was trippin' yo
For a moment i thought something got disconnected
Pretty sure that was the CCP slaving his PC to their network. lol
This is an open initiative. No one forced anyone at gunpoint to join.
Unlike the British approach ;)
I ALREADY KNEW WHEN I SEE THIS BALD GUY
except for hong kong when the british leased it from china at gunpoint
@@thykingdomcome7238 I agree, Slavery, Colonialism and Colonization are all evil things done and benefited by evildoers.
True, the world is full of wolves wearing a sheep's clothing, and playing victim. These wolves are nothing more than 'Scumbags' who enjoy living off the people of the world's blood & sweat for century after century, generation after generation.
Thanks for, blog.chinadaily.com.cn/forum.php?mod=viewthread&tid=1795128
@@thykingdomcome7238 "China is a beacon of hope for the long suffering world. China is the only nation, in five centuries, to be able to withstand the bully West."
Truth hurts, isn't it?
To quote Theodore Roosevelt:
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”
Criticism is cheap. Anybody can criticize. Creating something of value is significantly more difficult. I’d think twice before insulting somebody on something you haven’t attempted to do yourself.
Great quote!
Who's to say they would've listened to take their shame from them?
Clap Clap Clap Amazing!!!!!
Chinese proverb，干就完了少bb
Well said.
Imagine USA spend their trillions in their economy instead of Military.
America literally has nothing. We owe 30 trillion dollars. We are economically a third world country now.
@@johnathin0061892 And with your military that makes you dangerous
@@johnathin0061892 national debt is different than debt for individuals. also owing money isnt the same thing as not having money.
@@namekman01 Even individual Americans are up to there ass in debt :/
Thing is American economy is dependent on there sales of defence equipments. Pull it off and USA is nothing.
To developing countries, the belt and road initiative present interesting opportunities to grow their economy. The entire world saw how China was able to rapidly grow its economy by investing in infrastructure and manufacturing. The developing counties also want to do the same thing as China, which is why many signed up to this project, and this project is their best bet. Loans from western governments often include a lot of austerity measures, while loans from China just need you pay P&I. Unless the West is able to offer something better for these countries, it will be hard to stop this project, as you cannot stop countries from trying to better themselves.
ua-cam.com/video/uXk0AclpQxU/v-deo.html more about silk
一带一路
Yeh what a load of sh!@ keep saying that too yourself
China's growth is primarily related to market reforms, i.e. opening the country to capitalism, This is what financed the infrastructure. Just building infrastructure without the economic activity developed by capitalism is a recipe for failure.
@@dennisweidner288 There is a Chinese saying that if you want to do business, you first need to a build a road to your store. If you read Western and Eastern studies on African development for example, the main factor limiting Africa's growth is their lack of power generation. This is why China is helping them build power plants. Africa also has a lot of raw materials, but lack the roads and logistical infrastructure to exploit and transport the resources to the market for sale. While I agree market reforms played a good part in China's development, that is only part of the picture. Better infrastructure means better productivity. More products means more money. More money means they can spend more on infrastructure. This positive feedback loop is what drove Chinese economic growth, and the model China is trying to replicate in other developing countries.
2:00 "wait for it. a trillion dollars" What's a trillion dollars? The US just printed trillions of dollar and handed it out to the corporations under the guises of stimulus but was just pumped into the share market. Benefiting only the richest few people. This project involves 3 continents and so many countries and over 2 billion people.
After reading some comments below, I finally understand the difference of thinking between Chinese and some people.
Chinese prefer to consider the benefit in a long term. If we can finally benefit from a project, we would like to try it although we may have to pay too much in the beginning. Actually, nobody can become a developed country if you pay nothing. Even those developed countries, their ancestors also spent hundreds years on the project of being advanced.
Westerners prefer to privatize everything (building roads etc etc ) and so it becomes much more expensive for the govt and ordinary people (taxes) but the private companies and their mates (often those in govt ) make huge profits.
@CaptDeaDpooL CCP is only 80-years-old. The history of China is much longer than CCP. Before CCP, westerners robed China's wealth, killed chinese people, mandatorily rent land from qing dynasty. We remember everything.
@CaptDeaDpooL You do the math, how many black lives and native Americans European killed. Then lets compare notes about west vs east
@CaptDeaDpooL and the countless killings the US has made and the UK has made and lets face it every country in its history has made countless killings in their rise to the present day. Or even in the past. Countless killings and wars are what humans do best.
@@rosebud4387 gap between rich and poor in china are bigger than in many westerner countries, just FYI.
I like your objectivity, you don't sound anti-china. You say it as it is and allow people form their opinions.. Keep it up
I'm CCP member so I tell you my answer.
1.Developed countries' economy collapsed due to American Financial crisis 2008, it effected Chinese export a lot so CCP built so much infrastructure to digest excess industrial products domestically, like China built 70% high speed railway just in 10 years, it also reminds China that developed world's purchasing power is shrinking and China shouldn't just rely on USA too much.
2.Chinese coastal areas are rich like Eastern Europe but it's still very third world in Western area like Xinjiang, Gansu, Yunnan, Tibet etc, so China needs to make port inland to open trade for the poor province, it will balance wealth gap between East China and West China.
2.As Obama's Pivot to Asia policy to contain China, China realized China is too big for USA hegemony so China need to break through USA containment in malacca strait controled by US navy, that's why China spent heavily in so-called String of Pearls made India afraid, actually China never regarded India is threat maybe India is so pissed off for China doesn't regard India as threat.
4.Chinese said "if you want to get rich build a road first", China built port and road for closed countries so China can sell to them and buy from them, if there's no resource can buy then China will just move low-end manufacturing there, once they get rich then China can get more profit, it's kinda like USA Marshall Plan in Europe and Japan's ODA in Indochina, Chinese loan is lower rate than IMF WORLDBANK so those poor countries can't get loans from IMF because usually IMF won't lend money if poor countries can't pay, then they will look for Chinese loans and make Chinese Yuan more global.
5.To unite Eurosia and make ancient China revived again by new silk road.
thank you for the information
Are you allowed here. Did you get special permission or are you paid to leave this comment
How about this simple question. Is Taiwan a country
你啥时候入的党。。没事就随便问问。。
@@hihi-zh2sc I assume that means yes they are a sovereign nation.
"Countries have done this in the past" I'm currently laughing in British, lol
@@19thcenturyman95 I expect Sri Lanka to default on it sometime in the next couple of decades. The alternative is that a combination of their currency falling on the world market and inflation in Sri Lanka will devalue that debt. These aren't actually mutually exclusive. This sort of thing is why China is taking the long term leases as collateral.
@@19thcenturyman95 . You should check out what the west did in Indonesia in 1997. Using IMF, they forced the government into taking measures to devalue their currency so that western fund managers were able to snap up profitable companies for a song. Same thing happened in Korea during that crisis. Pre-crisis, foreign, meaning western ownership of Korean companies was less than 5%, post crisis, about 50%.
@@yellowbird1170 it is how the forces that control the world make change. Economic terrorist. They ruin your country through debt and devaluing your currency. China knows damn well what it is doing. And Many people in positions of power in every country are helping it happen. Go to the Macy's a department store here in the USA and 99% of the product is made in china. Construction companies in the USA using chinese steel. Does the company you work for company do business with china, chances are yes for most people on the earth at this point in time. Boycott China
Indeed....now “ the sun never sets on the Chinese Empire”
Yeah but it would seem that The British only wanted to own these lands symbolically where as when China becomes the next top world power we can only hope they are as gracious. Seeing how they react to things like Hong Kong or Winne the Pooh my outlook is bleak.
Please do one about the Titan 1 underground missile bases. I was absolutely blown away by their size and complexity when I first learned about them. A true megaproject!
Im from Azerbaijan and Im proud that my country is a part of this biggest mega project in the history of mankind ☺️
A debt trap
@@shrutisharma-zv2ii go build some toilets..
@@shrutisharma-zv2ii I come from the Middle East, thank China. We are worried about being bombed by Yankees.
@@Ye_fan. China is enslaving muslims though
@@jamescarter3738 you never know, he could be from part of the Middle East where they see that as a bonus.
"It's easy to fear change when we look down from our Ivory towers." Fantastic writing Olivier and presenting Simon. For some reason that line struck me.
What does not change is physics. Land transport is much more expensive than sea transport. The only exception is pipelines.
Oh so suddenly the immense focus of the West on "human rights abuses" in Xinjiang makes soooo much sense
You mean the concentration camps?
Can you do Boeing's super factory in Everett Washington, USA. Its so big it can form its own weather and can fit Disney Worlds magic Kingdom.
@dangerous at any speed in order to paint the planes it has to travel over a highway.
Airbus factory is bigger
Boeing is a declining company that shot themselves in the foot by borrowing money for stock buybacks instead of actually improving their product.
I as someone who has been to the Boeing factory yes they do have Tours IT IS BIG
Do it Simon
14:45 “...little to do with China...” almost a fair summary. The loans are not made due to market forces, which would ensure a return over a reasonable time frame. The creditor has to take the blame for this for allowing these huge risky loans. We know very well that many of these countries are absolutely corrupted and Malaysia isn’t nearly the worst, which is why it came to the open. But yes, China is not alone. We last saw this within the EU itself in the 2008 crisis with the PIGS using huge subsidized loans to build airports with no flights. Just amazing that nobody went to jail.
Sounds like American student loan debt.
@Thrunabulax Yes, and it was also Malaysia that showed them the door back then as well.
Is this any different from other world powers and financial institutions that invest in the emerging economies? China is getting criticized for what the US, EU and IMF do all the time.
@TheBooban Yes, many of the people here seem to think a project is a success if it is built. And just ignore if it is economically successful.
*Belt & Road Initiative comes into existence*
Cement companies: *"sToNks!"*
Okay, but only if you make the cement really sh*t-quality to keep the cost down, lol
@@QuantumAscension1 Well they always earn something even with their usual grade cement. That's how companies work.
Literal stonks
Not just any cement companies. Chinese cement companies particularly benefit from it, as one of the conditions of the belt and road initiative is to use Chinese manpower and resources.
@@triadwarfare so China is forcing other countries into debt while paying itself for the giant projects
Great, Simon has listened to our woes and the season of Soviet Megaprojects is over. Great love from Kenya 🇰🇪
1:45 - It incorporates roads, railway lines, "shopping" routes, ports and well...
The Snowy mountain river scheme. That is a megaproject!!!
Tim Gooding Thst would be good. 👍
I've requested this multiple times
Good choice
I agree, it was a huge project.
As long as he doesn't start with cringey aussie colloquialisms... foreigners always bugger them.
China: Let us introduce Belt & Road Initiative*.
World: YAY!
China: *Terms & Conditions Applied.
@we need to eat the babies Don't forget private ownership of 3rd world nations most profitable natural resources by multinational Corporations. That goes nicely with those Capitalism bombs and death, destruction and untold Human suffering. Yours truly -USA, UK and France xoxo
And here comes the Indians...
@@CleanupKrew7 And now those 3rd world countries will be owned and controlled by China and the CCP, the Bastion of freedom.
@@billscott1601 How's that any different from what the US does? At least China's trying to actually increase the standard of living in these nations. Unlike the US who's only concerned about wealth extraction.
@@CleanupKrew7 "here's a multibillion dollar international air terminal that sees one flight a day, enjoy..." "...we'll land troops there no problem"
"sir, you said the quiet part out loud again"
Could you do a video on the Mulberry harbours created for use on D-Day by the allies
That's a great suggestion. 👏
I suggested that few episodes back too. Really the whole supply effort was a massive undertaking.
The D Day itself is a Mega Project.
Omg I legit just suggested this and didnt see this comment prior. I think this is an awesome topic that has very little "coverage" in any docs I watch.
Do a comparison with Western loans from IMF to the World Bank etc etc.
"Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime"
""Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime"" But at what high cost?
The Snowy Mountain Scheme.
Not many may ask for this, because they don’t know of it.
Voted one of the modern engineering wonders of the world.
Aussie :D
Scraps G ,built by Utah Constructions from the USA, like I said many people are ignorant about it.
There were many other companies involved even one from France.
You aren't seriously likening the Snowy Mountain Scheme with the CCP Belt & Road?
Realistic Unlike Belt & Road where everything down to the labourers is imported from China.
This channel should be just called mega blaze
Nah, business blaze is trash.
@@nate_ring whaaaaaaat
He'd need a lot more caffeine on this channel for that.
@@nate_ring allegedly
I respect the Chinese, they’re just so smart outsmarting everyone. They’re focusing on the long game and end game.
Progress with no freedom
@@aale338 what freedom do you have that’s more than the Chinese in mainland China? I’ve been to Beijing and they all looked free to me.
@@111Econ I can worship Allah and follow Islamic traditions without being thrown in a “re-education” camp.
The Xin Jiang thing isn't even real since their population doubled, like you could travel there and meet the beautiful native population.
@@政斌-x8k Bootlicker. The "Xinjiang Thing" is real. The Chinese themselves admit to it.
An actual objective analysis of the project rather than blind support or opposition due to personal/political belief, what a relief
Thank you for making this video. It is very fair and open discussion about the belt and road initiatives. As a Chinese American I felt like it is the first time a westerner report this project without bias. I agree deeply with you that the result is remaining to be seen. However I strongly believe that it might be the greatest effort achieved by human to reach and connect so many countries. Also I agree with you that many local governments are responsible for their own when decide to take loan.
Good job!
I will be following you!
Thanks 😊
Dollar diplomacy held at the tender mercies of the globe’s most brutalizing regime? SOUNDS GREAT!
But seriously, 1 trillion is a hella’ cheap investment for that kind of access to waterways, shipping lanes, and militarily strategic footholds.
@Xiangming Zhang very civilized, indeed
Xiangming Zhang COVID infested western hellholes hey, sounds like Chinese communist totalitarian propaganda.
@@angrydoggy9170 I still can't go out without risk of infection, and 1% of american population has been infected, this is pretty much a COVID infested hellhole in California
Cheng Cao Ok, so having less infections makes a country civilised, got it. Economic, political freedom and basic human rights have got nothing to do with it, thanks for clearing that up. Here’s I was, thinking having freedom and basic rights was important, silly me.
Xiangming Zhang Move to a western country, the air is much less polluted over here.
It has been documented that defaulted loans result in the seaports being used for military use.
Where is the evidence? Nonsense
These loans feels a bit like national versions of payday loans
I think the intrest rate is around 2%. What is the Prime rate in your country and the actual rate you getting from your bank? Especially commercial loan?
@@林振华-t4v I think the second one will not be answered.
It is just a new version of the marshall plan, which was hugely succesful for both usa and europe.
you pretty much nailed it.
its Chinas way of annexing other countries when they cant pay the loans back, and they will also control many important military positions.
Debt trap diplomacy. Give loans to countries you know can never pay it back and use it as a mechanism to take their stuff. Sweeten the deal with a few luxury houses and things for the corrupt officials and you're sweet. The dumb fucks either don't know what they're getting into or don't care.
My 13-year-old comes up rolls her eyes and then says “why don’t you just skip the commercials!?”
I reply “because Simon likes that sweet sweet Watchtime!”
She’s not talking to me anymore today 😂
Jenne Morrison at least she called them “commercials” and not “adver-TIES-ments”
You’re a good parent 👍🏼😉
Fake id
@@creatrixZBD what, do yo call them adver-TEE-sments? That’s just wrong man.
15:35 Thank you for mentioning that. Decedents of colonists keep thinking whoever becomes powerful enough will always choose to enslave others instead of getting strong together.
@p46709394 Descendents of colonists now live in free democratic nations and have created a world economic system that in just a little over one generation has thrust 1 billion people from abject poverty to the prosperous middle class. It is the greatest era of wealth creation and poverty in human history. Some countries have not benefitted. There are reasons for this, but it is not because developed countries are trying to enslave anyone.
@@dennisweidner288 when Uyghur population grew consistently over the last 100 years, you call it a genocide. Cos they showed you some videos of buildings that looked like prison. You never question maybe they can distort the story. One child policy only applied to Hans, not minorities like Uyghur.
when last few hundred years, colonists siphoned resources around the globe that even the Vikings would envy. when first nation people population dropped to 5% of its original? You call it free and democratic!
I call it almost finished spending 400 years of loot and now panicking, the world seemed to be finally running out of little guys to pick on.
The thing that I am most skeptical about... do the donkey and the elephant really representing for the good of the entire forest? who fed you this idea that charming contests every 4 years is the best way to select the leader? are all voters trained to repel misinformation? otherwise its just numerous tyrants makin decision together. Reselecting the puppet they want you to pick just like a pick a card trick.
Elections does mean democracy if voters are able to pick the correct leader, right?
But historically speaking, Since the end of monarchy, we had 2 world wars. Hitler was voted cos he promised to make Germany great again? 1700s till now, US has only 17years not involved in a war. I really want you to debunk this. Why is the US also giving you propaganda to pro war. if you tell me US protecting the world had good results. Then I wonder if you know Syria's gas is flowing into the US right now.
pff... maybe I typed so much I must be paid by CCP to spread misinformation?
You go find out the truth. find out what happened on bikini island. Who's side is anti war. One of us should be correct?
At least we can agree deep down we both wish for world peace, right? We just can't agree which side is good?
@@dennisweidner288 it's okay if you don't want to argue about previous events. Iran and Saudi are trying to sign some peace seal this month. Let's see what your media is painting this story this time.
@@p46709394 I didn't know that I had a media. See there is a difference in our outlook. You have a concept of state-controlled media with a single point of view. That is the case in many countries. Iran and Saudi are good examples. That is not the case in the West where multiple views are permitted. And you don't get arrested or butchered in an embassy if you dare criticize the government. That is why both Saudi and Iran are such failed societies. And only survive because they have vast quantities of oil to pump.
if this succeeds, we will see third country nations developing due to the economic benefit it brings. Much respect to China for their initiative to lift and bring countries together. yes, this gives china geopolitical leverage and make them hegemony which i honestly prefer over that of the west who only helps very few countries while the rest remain their hostage. I pray for the success of this initiative.
i like how you are comfortable with what you are doing simon. yeah who cares, "FREEDOM"!
"Freedom!" Lmfao its hilarious watching you poke fun at us Americans.. too funny
Self loathing isnt a good look my dude
@@LeglessWonder
It's not necessarily self-loathing , it's just a reflection on an occurring narrative that many americans are fiercely holding on to.
@@LeglessWonder It is more of an authoritarian country efficiently doing things while democratic America has her thumb up her ass. Especially those freedom 'Muricans.
@@FakeAssHandsomeMcGee_ Goebbels would be proud of you
@@LeglessWonder ...ok.
Well you just proved how much unbiased your scripts are in this video. Bravo.
2:07 Goddammit, I thought my portable Drive just disconnected itself! Why are you frightening us like that! :D
The USA has been employing this debt exploitation for seventy years now. What is wrong with you?
Where?
Not the same way, not as aggressive, and not targeted at any specific people. We're comparing a xenophobic nut to a regular old nut.
@@PugilistCactus U speaking of selective morality and White supremacy u racist!
On aspect of the BRI, which should have been discussed in this video, is how developed countries are all now, under the pretext of "competing with the BRI", providing development options to developing countries as well. The BRI isn't just amazing for what it alone has done, but for giving other nations the motivation to help develop developing nations as well.
By 'amazing' you are talking about infrastructure projects. Are there sucess stories where people's lives have been significantly improved such as what occurred in the Asian Tigers and China itself when market reforms (i.e. capitalism when capitalism was introduced).
where is this link for merchandise?
shouldn't it say 'merchandise'?
am I crazy, but where oh where is this rumored merchandise shop?
Perchthemerch
dot co
.co for that fine Columbian Cocaine!
Purch tha merch
Hmmm, I see what you mean...
Maybe it just felt shitty to have someone that we were so invested in looking down upon fare better than us now. While the allegations of foul play are simply reason we give to comfort our damaged ego.
Love the way you combined the "stands" together.
*How to bully other countries to be your friends tutorial*
@R DOTTIN The USA does not do that. Show me one place where the US offers to build a infrastructure project like a airport a port railway for free but they own it and operate it for 99 years.
The Canadian Avro Arrow!!!
Not a "mega" project.
Suggestion: China's high speed railways.
good to see you here.....
i am your big fan from visual poltics...
Fascinating video, Simon.
2:10 That disconnection, is that Danny trying to tell us something?
Megaproject: German reunification.. That was a huge costly undertaking.
please do a video about the original world trade center that was destroyed on september 11th,2001
If he does he should cover all the corruption behind the way it was constructed. Thats partially why it fell
dude stop spamming every video, and trust me, there is no need to distinguish before 2001
Excellent round up on the BRI project. My comment on BRI is with reference to the book called “The Economic Hit Man”, but frankly speaking I couldn’t care less who Mega controls project whether USA thru its proxies IMF/World bank or now China so long as it benefits the participating nations to alleviate its poverty. In this instant China in the last two decades has unprecedentedly lifted its own very poverty index to the level that over 350 million people have jobs and living a decent life.
S. M. Ali
Harrow, UK
Yus! Was requesting Belt & Road every episode up until the CPEC episode when you promised it. Thanks!!
It didn’t get mentioned, but the city I live in (Melbourne) is one of the few Australian cities getting involved. Or were getting involved. Not sure of the situation now. But they’ve also leased a port in Darwin for 100 years.
Sounds like a modern east India company. Some one has their pride hurt.
Talpiot program.
@mOejOe33 just like Hong Kong and Macau were happily leased to foreigners...Lololol stfu
Yeah the westerners never thought they would be one upped by China. They’re fuming like trump is
I may be wrong here, but it seem's like someone's trying to make selling Western technology to poor nations for blood is the same as the West providing their own technology for a price...if China were the intelligence behind the tech it would be a different story, but they're not...
@@jabiraidan right... USA helped Panama to become a country and built a canal just because they are nice...Lol bye Felicia!
Belt and Road Initiative = World domination
1) China doesn't do all this because they're nice.
2) China is about taking over the world.
3) China's Modus Operandi is to get poor countries in to debt and then forgive the debt in lieu of taking resources and or installing military bases.
4) China thinks in terms of 1000 year dynasties and not in a 3,4 or 5 year electoral cycle like most western capitalist societies. Since the Wuhan Virus the people are starting to wake up to China
Seems like people feel insecure that USA hegemony is being threatened
@@TheZachary86 The only part of France we wanted was enough room to bury the WWII U.S. soldiers who died defending France. (Colin Powell)
@@adelarsen9776 Yes!
8000RPM
And?
idk if anyone else knows that china is just following the US example.
back in the 1940s when britain was the last major power yet to fall to the german onslaught, the US gave britain old us destroyers for british leases on islands for 99 yrs.
yes the chinese way sounds bad but one must remember what the US did to britain in the 40s...
im a bit stoned to correct me if im wrong.
Standard international loan. "Land Lease Deal" Look at the Panama Canal... The USA had a 100 yr lease for the canal. They recently turned it over to Panama. But Panamanians' were encouraged to revised their laws to deal with corruption. Now China on the other hand have a no meddling policy. So they are not going to put stipulations on loans like IMF (No New Schools or Hospitals Clauses in loans) or World Bank (human rights).
@@Rotheruler
Only after invading the country first to seize the canal because their lease was about to expire and then having it, rather conveniently, extended by the government newly installed by the USA.
Haven't watched this channel in a while and I can see the business blaze shining through.
Omg... that much of the information... your work is awesome!
Aren't you going to talk about how only Chinese people are the ones doing these projects (don't allow the residents) and opening up businesses in these areas, (and also) not allowing the residents of the countries to work and pushing them out. Maybe talk a little bit about that?
Maybe he can also talk about these countries are not forced to take the loan and did? Stop using your credit card then say the interest rate is too high after you spent the money.
How about you read this report instead of Washington or Delhi mouth piece
www.chathamhouse.org/publication/debunking-myth-debt-trap-diplomacy-jones-hameiri
@@Timpon_Dorz The case of Malaysia shows that China is not above bribing senior foreign officials to get these projects greenlit.
@@rwatertree so bribes don't work in USA? Big dig project in Boston ended up costing over $14 billion... Many times over the budget... You telling me no bribes were taken? Lol ok for Americans to bribe... Not Chinese?
@@Timpon_Dorz Those are your words not mine. The reality is that Belt and Road projects are not above board; small nations are being saddled with huge debt due to corruption.
Imagine someone who come at your doorstep and demand to use your backgarden at gunpoint. You would not call it a lease
Sounds like USA to me
Great description of US military bases around the globe ☺️
the west accuse china of debt trap, also biden just announced west version of BRI.
who's the copycat now?
@Don ta Even it is, it is still a million times better than what the West had done to the world. Slaves trade, for one, is a proud handiwork of those who now accuse China. Just reflect for a moment before you talk.
@@yz2081 When did the US last annex someone? Cause this is a "China is the central bank and China reposeses" initiative.
IMF sucks and all, but at least it can't create the potential of your home being annexed.
Did anyone else laugh when he said JaBootie
Amazing video! Thanks!
First freight train from China to Prague through Turkey traveled in 2019, not in 2009. This was made possible through recently completed Baku-Tbilisi-Kars Railway and Marmaray Rail Tunnel under the Bosphorus Strait in Istanbul. Both projects were incomplete in 2009. First freight train from Istanbul to China traveled in November 2020.
I got a mega project for you. The Ark Encounter: The boat that floods.
Belt and road? You mean bait and rob.....
The loans we gave the third world from the 70 to the 00's were far worst with worst repayment and more control exercised. This isn't a China thing it is the rich exploit the poor thing. It is what we do.
*THE DIPLOMAT REPORTED EVIDENCES TO PROVE CHINA DEBT TRAP*
Every one must read this:
thediplomat.com/2020/01/the-hambantota-port-deal-myths-and-realities
@we need to eat the babies You just wait an see. "It can't be worse than" is such a classic.
Better than building military bases for the country's "protection"
Better than breaking into a country and robbing in the name of “freedom”
Total cost: 1T. To put that in perspective that could fund the US Military for one year. Or they could have invaded Iraq or Afghanistan and occupied them for decades.
Nah, the Chinese are smarter than that.
Better to use this money to develop internally + other poor countries which later may become Chinese markets.
I'm pretty sure they're using that to invade Tibet, Xinjiang, Inner Mongolia, and the entire South China Sea.
@@triadwarfare , all these places you mentioned are already under Chinese control, don't need any more money. It is better to use these money to help Pakistan, Nepal, Bangladesh, Iran etc.
triadwarfare And those poor Muslims (I can’t spell there name)
Thank you for the insights I enjoy all of you videos and channels.
The shirt is killing it.
"Some of you may be burdened with unconquerable debt, but that is a sacrifice I am willing to make." -China
Well, way cheaper loans than western institutions are giving. And no demands of democracy too. It isn’t for everyone.
@@omerkhar
Poor Countries: Help us develop.
The West: No.
China: I will help and give you loans you cant pay.
Poor countries : *Takes loans from China*
The West: *shocked pikachu*
Do the SS United States. It was the pinnacle of the steamship liners and had a ridiculously high top speed for a ship of it's size. It held the record for the transatlantic for like 40 years and represented a hundred years of the shipping industry's achievements
The U.S. had so much war capacity after the end of WWII it needed to constantly fight wars, drive up tensions to feed the war machine. China, have so much infrastructure building capacity after building their own, they have to export it somehow as well. One sends bombs all over the world, one builds roads and bridges. Both just wanted to export their excess capacity that's all.
Except, bombs take lives. Yeah, I'd rather have roads and bridges
Thank you, Simon. I am doing research on this topic.. thank you so much for uploading this video... huge fan of you... keep up with your work brother...
Great video as always Simon, keep up the Great work & hello from sunny New Zealand - Andy Mechanic & the Tool Girls
"I need all that watchtime" into Show me the Money, not intentional I bet, but still perfect transition.
Am I stupid? I can't see the link to the Megaprojects merch store.
We can't find it still 😂
Yeah, there's no link from this vid. Guess he forgot. 🙍
@Matub al-faisal 😂😂 thanks.
Yes, but also it’s not there. 😉
Go to teespring.com/en-GB/stores/purch-the-merch
Or ‘perchthemerch’ if you want to be rickrolled.
U have already done a video about the CPEC and The Belt and Road Initiative and videos about the DMIC (Delhi-Mumbai Industrial Corridor) and the Mitsubishi X-2 shin shin would be really appreciated.
Well, Great video as all ways
thanks for the report Simon! very unbiased. its a reality of geopolitics
LMAO, he is neoliberal propaganda shill.
Ehm. Three words. Simon, You rock!
Simon, can we break this down into the different routes and such? It would be awesome to hear more about this, in-depth.
China has taught us that when the economy is on shaky legs put more into infrastructure and from we see HS2, the big city plan, cross rail...
Merch is not linked below, or am I completely blind? I clicked on every link, NO MERCH!
Agreed! There is no link! Or I am missing it entirely.
Same here
He never remembers to link to the merch, which is a shame I'd really like to at least browse.
Well, thats simon for ya.
Simon: plugs other channels
Same Simon: *forgets to put link*
NEXT EPISODE:
Simon: checkout my other channels, but search it yourself, cuz i forget.
@@brettiup Well, I thought I was the only one. I really think Simon doesn't have any cool merch, he just wants everybody to think he does...lol
Dope couture Simon!
Really good points made here
Call me stupid but I can't find the link to the merch.
You're not, it's missing for me as well.
Btw its perchthemerch.co
He NEVER links anything he said he did in the video lol
I read that as "call me stupid bitch"
@@vanillathesixth Yeah you're funny
I would like to see the Eisenhower highway system.
Just go to your nearest interstate, it’s not like we do much maintennance on them anyway
@@miraflynn8935 Actually those fall under the Federal Government and they are quiet well taken care of thanks to the 300 million tax payers it has.
Nolan Flynn, But tRump promised to fix the road and bridges immediately. He promised.
@@CrazyNikel exacly im from canada and usualy i need to change my suspension but when i go to the states suspension and direction all new 0 sound 0 pot hole compared to Canada
@@davidchicoine6949 lol, what road did you take in the US where there wasn't a pothole?
Heheheh, Simon said shopping instead of shipping at around 1:45. :D
When some of the boy with the blaze spills over to other channels. Love it!
Allegedly
Soon every Simon Whistler channel will be Business Blaze
I hate that I don’t get notifications for some channels even with the bell turned on. I found this by chance after clicking my sub box.
Thousands of Military Base all over world.
West:- Woow They Exporting Democracy..😍
China:- Connecting world Economy.
West:- Look China is a threat. They all need Democracy..😭😭
The initiative is a great thing for developing countries, it just needs more supervision. And developing countries has to use this initiative cleverly.
fair point mate. I am fairly sick of blaming China for everything
The China Pakistan economic corridor is absolutely stunning and you can't judge by looking at it on UA-cam you have to see it on the ground it's transforming Pakistan like I can't even recognize it.... wonderful job China Pakistan