China is winning the Economy Wars - page 7.

mersal

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Quote from: Lorence.xD on August 15, 2020, 01:21:14 AM

The Belt and Road Initiative is a scary neo-domination tactic that China is employing right now. This is a money trap for the poor countries (including mine) that promises prosperity but when in fact it is a ruse to take a piece of a nation's land.

Here is how I understood this money trap works. China is creating a new Silk Road that is not based of lands but most of it are in the water and air, they will offer help to third world countries by giving them funds to create infrastructures like ports, skyscrapers or airfields. There will be a timeframe for this help to be paid and as a poor country they offer exorbitant amount of money which is impossible if not difficult to be paid and then here is where the trap works, when the country can't pay the debt then the other option happens where China will have full control over the infrastructure including the land, basically they are buying lands from this nation without really buying it. Look at what happened to Sri Lanka when they haven't paid their debt.

What is the difference between China and Nazi Germany? Nazi Germany have a Swastika on their flag

Source for what happened to Sri Lanka: https://www.bbc.com/news/business-40044113

If I remember it correctly, China is doing this for a very long time and almost for three more decades ad slowly capturing the lands of other countries and even creating their own artifical lands on the international water to claim this is their land and every ship passing by has to pay money while entering into the border.Recently USA bullied their action by sending their two battle ship into their claiming land and said we are here and do anything you want.

amishmanish

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Quote from: whyrqa on August 15, 2020, 08:20:56 AM

If we compare China and the United States, then the Chinese government is pursuing a very tough policy towards all large companies and small and medium-sized businesses, where everyone works for the good of the country, and not for the good of their own pockets, as is done in the United States. That is why it is much easier in China to get out of any economic crisis.

China does not have "companies" or "corporations" in the sense that the USA has them. Comparing them is foolishness. What China has are State owned, communist entities whose ultimate aim is to further the Chinese agenda and propaganda. The Chinese masterstroke has been masquerading as an open market to satisfy the western ideas of "Free market entails freer people and hence a vctory for democratic ideals". While chinese government pushed the neo-liberal economics of investments and consumerism on its people, it continued to strengthen its iron grip on the narratives and the minds of people.

What we have as a result is an economic gargantuan which has so embedded itself into the supply chain that it has become indispensable. The Chinese have never lied about their intentions for world domination or reclaiming the throne of "Middle Kingdom". From their treatises on war to present day columns by Chinese hawks, they have always maintained that territorial dominance is their right owing to all sort of medieval history.

dothebeats

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Sadly this is true. Perhaps you can call their scheme as one of the most passive-aggressive debt traps that has been put into place in contemporary times. Though they are not using show of force in obvious reasons, they keep on ramping up their aggressive stance on key areas where they know they could utilize for their own benefit. They are luring most of the countries that seek for their help into a 'great opportunity' while silently working on to expand their own power onto that certain country and the debtor will have no other choice but to comply. The Chinese are the bullies of the modern age, and they have done it without having to flex those military arsenal, and it works flawlessly.

whyrqa

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If we compare China and the United States, then the Chinese government is pursuing a very tough policy towards all large companies and small and medium-sized businesses, where everyone works for the good of the country, and not for the good of their own pockets, as is done in the United States. That is why it is much easier in China to get out of any economic crisis.

Lorence.xD

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Quote from: bitbunnny on August 15, 2020, 07:13:34 AM

China is always one step ahead of US and Europe. To my opinion reason for that is their mentality and very different culture, social and political system. It's not the one they should be especialy proud of but obviously it works. They have a very strict defined strategy they follow and they don't care much about human rights and freedom. No matter all the progress and economuc success I don't think this will end well.

The reason that their strategy works is that they do not have any regards for human rights, I hope you know that they are a surveillance state straight out of George Orwell's 1984. Their country is straight out of Black Mirror episode, they have citizenship points in effect in some parts of their country. The reason that they have this authority is because they suffered the century of shame where they are the loser in the wars waged in their lands.

goaldigger

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Quote from: bitbunnny on August 15, 2020, 07:13:34 AM

China is always one step ahead of US and Europe. To my opinion reason for that is their mentality and very different culture, social and political system. It's not the one they should be especialy proud of but obviously it works. They have a very strict defined strategy they follow and they don't care much about human rights and freedom. No matter all the progress and economuc success I don't think this will end well.

They always work for money, and work for the government that’s why they are very successful even if there’s a pandemic. While the other countries are keep on protesting questioning the action of the government (especially my country), and the result is very frustrating especially for our frontliners. As long as i’m healthy i’m fine with it, the economy will rise no matter what so don’t panic and follow the rules and guidelines of your government.

bitbunnny

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China is always one step ahead of US and Europe. To my opinion reason for that is their mentality and very different culture, social and political system. It's not the one they should be especialy proud of but obviously it works. They have a very strict defined strategy they follow and they don't care much about human rights and freedom. No matter all the progress and economuc success I don't think this will end well.

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Quote from: Poker Player on August 15, 2020, 02:09:53 AM

I don't see much of a difference between China and the Colonialist countries either, not just the Nazis.

Well, the main difference would be that the Colonialists (including the Nazis) conquered the third-world countries while today China uses trade tactics to subjugate them instead of conquering them militarily.

Yes, the tactics is very different, you just have to look at how they bullied other Southeast Asian countries in the claim for the Scarborough Shoal. It's a hotly contested island wherein several countries also lay claims. But what do the Chinese government do? Occupy that disputed island as one of their own.

They have their own goal, maybe subtle as the Nazi's and I would say that it is a very effective tactic. And as their economy grows, they have somewhat some leverage now more than ever. Not just in Asia, but part of the globe like Africa as well.

fiulpro

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Quote from: Lorence.xD on August 15, 2020, 01:21:14 AM

The Belt and Road Initiative is a scary neo-domination tactic that China is employing right now. This is a money trap for the poor countries (including mine) that promises prosperity but when in fact it is a ruse to take a piece of a nation's land.

Here is how I understood this money trap works. China is creating a new Silk Road that is not based of lands but most of it are in the water and air, they will offer help to third world countries by giving them funds to create infrastructures like ports, skyscrapers or airfields. There will be a timeframe for this help to be paid and as a poor country they offer exorbitant amount of money which is impossible if not difficult to be paid and then here is where the trap works, when the country can't pay the debt then the other option happens where China will have full control over the infrastructure including the land, basically they are buying lands from this nation without really buying it. Look at what happened to Sri Lanka when they haven't paid their debt.

What is the difference between China and Nazi Germany? Nazi Germany have a Swastika on their flag

Source for what happened to Sri Lanka: https://www.bbc.com/news/business-40044113

See the thing is , everyone is very well aware of what China is doing. China had indebted most of the small nations around like , Pakistan , Sri-Lanka and many more , this way they are one step ahead of all these small nations and with time , this debt is going to increase , which inturns will make the economic situation of these small countries worse , now what they are doing is asking them for small favours in lieu of the debt.

They are using economy to sway politics .

But most of the countries have now started to shift their focus from China to other developing countries like India , if the report is true there are 1000's of countries which are shifting to India . Therefore I do believe this economic superiority will be short lived , in the near future there will be countries which will be shifting the production which inturns will put a leash on the economic boost.

But for right now with the new emerging pandemic potential viruses , I really think they are not as superior as the post potrays them to be.

Lorence.xD

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Quote from: BIT-BENDER on August 15, 2020, 03:47:38 AM

The problem here is the developing countries that seek such help from China are gullible, this is mostly a corrupt deal, and this is a first hand view. The corrupt leaders from those country -of which am a citizen of - strikes deals with China for loans in huge amounts -loans that never serve any use - and insure use part of their sovereignty as a collateral, off cause China would oblige and sign off such loans already knowing the state of the country.

This countries are losing there sovereignty to China, this might not be paid now but in generations China would control large areas of Africa, which is becoming habitual debtors to China.

This can be solved by
+ Borrowing what can be paid back at the stipulated time
+ Using what was borrowed for a good use,
+ Try killing/stoping the urge to borrow

You can't enforce the solutions above, the Party is doing a very irresistible offer. We can't say the countries are gullible maybe the ruling authorities are the gullible ones because they are the ones who decide what is the next step for the country. With regards to borrowing money, the Party is the one declaring the amount they are going to loan and that is the reason why they can't pay for it in the given time frame. The money that was borrowed was put to good use, sea ports and air port promote trade and skyscrapers attract real estate investors. And also why the fuck would a country stop the urge to borrow, remember that they are developing countries so they are open to help that is presented to them no matter the cost, do not try to think of a nation like a hive mind.

peevekos

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Quote from: BIT-BENDER on August 15, 2020, 03:47:38 AM

The problem here is the developing countries that seek such help from China are gullible, this is mostly a corrupt deal, and this is a first hand view. The corrupt leaders from those country -of which am a citizen of - strikes deals with China for loans in huge amounts -loans that never serve any use - and insure use part of their sovereignty as a collateral, off cause China would oblige and sign off such loans already knowing the state of the country.

This countries are losing there sovereignty to China, this might not be paid now but in generations China would control large areas of Africa, which is becoming habitual debtors to China.

This can be solved by
+ Borrowing what can be paid back at the stipulated time
+ Using what was borrowed for a good use,
+ Try killing/stoping the urge to borrow

The problem is that the reward is so high when partnering with China and their large labour force. If you have that overwhelming GDP that you can tap into and you don't want to it seems irrational.

Juggy777

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Quote from: Lorence.xD on August 15, 2020, 01:21:14 AM

The Belt and Road Initiative is a scary neo-domination tactic that China is employing right now. This is a money trap for the poor countries (including mine) that promises prosperity but when in fact it is a ruse to take a piece of a nation's land.

Here is how I understood this money trap works. China is creating a new Silk Road that is not based of lands but most of it are in the water and air, they will offer help to third world countries by giving them funds to create infrastructures like ports, skyscrapers or airfields. There will be a timeframe for this help to be paid and as a poor country they offer exorbitant amount of money which is impossible if not difficult to be paid and then here is where the trap works, when the country can't pay the debt then the other option happens where China will have full control over the infrastructure including the land, basically they are buying lands from this nation without really buying it. Look at what happened to Sri Lanka when they haven't paid their debt.

What is the difference between China and Nazi Germany? Nazi Germany have a Swastika on their flag

Source for what happened to Sri Lanka: https://www.bbc.com/news/business-40044113

@Lorence.xD I was really surprised when I saw the title, because as far as I know China’s economy had taken a big hit due to the pandemic. Also this is not a new news, but ya it’s true that they’re indeed burdening poor country’s by giving them money which they very well know that those country’s can never repay. Lastly this policy is in line with Xi ambition to turn China into a global power by 2049 that beats America at every possible stage, and at current rate I wouldn’t be surprised if he was able to achieve his goals by 2049.

Sources:

https://www.theatlantic.com/international/archive/2017/05/what-china-wants/528561/

https://www.bbc.com/news/business-52754782

BIT-BENDER

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The problem here is the developing countries that seek such help from China are gullible, this is mostly a corrupt deal, and this is a first hand view. The corrupt leaders from those country -of which am a citizen of - strikes deals with China for loans in huge amounts -loans that never serve any use - and insure use part of their sovereignty as a collateral, off cause China would oblige and sign off such loans already knowing the state of the country.

This countries are losing there sovereignty to China, this might not be paid now but in generations China would control large areas of Africa, which is becoming habitual debtors to China.

This can be solved by
+ Borrowing what can be paid back at the stipulated time
+ Using what was borrowed for a good use,
+ Try killing/stoping the urge to borrow

Lorence.xD

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Quote from: Poker Player on August 15, 2020, 02:09:53 AM

I don't see much of a difference between China and the Colonialist countries either, not just the Nazis.

Well, the main difference would be that the Colonialists (including the Nazis) conquered the third-world countries while today China uses trade tactics to subjugate them instead of conquering them militarily.

You do not get that the comparison was an attempt to humor the situation. The joke flew over your head. Try to read articles about the concentration camps in China and hopefully you will get my attempt at dry humor.

audaciousbeing

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Quote from: Lorence.xD on August 15, 2020, 01:21:14 AM

The Belt and Road Initiative is a scary neo-domination tactic that China is employing right now. This is a money trap for the poor countries (including mine) that promises prosperity but when in fact it is a ruse to take a piece of a nation's land.

Here is how I understood this money trap works. China is creating a new Silk Road that is not based of lands but most of it are in the water and air, they will offer help to third world countries by giving them funds to create infrastructures like ports, skyscrapers or airfields. There will be a timeframe for this help to be paid and as a poor country they offer exorbitant amount of money which is impossible if not difficult to be paid and then here is where the trap works, when the country can't pay the debt then the other option happens where China will have full control over the infrastructure including the land, basically they are buying lands from this nation without really buying it. Look at what happened to Sri Lanka when they haven't paid their debt.

What is the difference between China and Nazi Germany? Nazi Germany have a Swastika on their flag

Source for what happened to Sri Lanka: https://www.bbc.com/news/business-40044113

All of these developed countries are just using the third world countries as a pawn in their fight for dominance and because they are rich so they will continue to dominate as much as possible countries across the world. I have read about many African countries running to China for loans for infrastructural development in their various countries thinking that because of the low interest rates they would be able to pay without any issue whatsoever forgetting that that even if its 1% the burden is dependent on the volume of loan collected which would eventually be burdensome in the long run but because the politicians are worried about having infrastructures so that they can use it as a means of campaign to win the next election, they don't care whether they have mortgaged the country's sovereignty.

Poker Player

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I don't see much of a difference between China and the Colonialist countries either, not just the Nazis.

Well, the main difference would be that the Colonialists (including the Nazis) conquered the third-world countries while today China uses trade tactics to subjugate them instead of conquering them militarily.

Lorence.xD

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The Belt and Road Initiative is a scary neo-domination tactic that China is employing right now. This is a money trap for the poor countries (including mine) that promises prosperity but when in fact it is a ruse to take a piece of a nation's land.

Here is how I understood this money trap works. China is creating a new Silk Road that is not based of lands but most of it are in the water and air, they will offer help to third world countries by giving them funds to create infrastructures like ports, skyscrapers or airfields. There will be a timeframe for this help to be paid and as a poor country they offer exorbitant amount of money which is impossible if not difficult to be paid and then here is where the trap works, when the country can't pay the debt then the other option happens where China will have full control over the infrastructure including the land, basically they are buying lands from this nation without really buying it. Look at what happened to Sri Lanka when they haven't paid their debt.

What is the difference between China and Nazi Germany? Nazi Germany have a Swastika on their flag

Source for what happened to Sri Lanka: https://www.bbc.com/news/business-40044113

Topic: China is winning the Economy Wars - page 7. (Read 851 times)