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bisdak40

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Quote from: creeps on May 18, 2019, 05:44:57 PM

Quote from: davis196 on May 11, 2019, 12:24:18 PM

~snip~

Most of the countries who avail this loan are failing to repay the loan and the consequences they will pay for more. Look at the Sri. Lanka now, that’s a big debt trap and 99years of repaying is not a good one. On the other hand, Philippines are trying to do the same mistake because of the current program of the government which is “Build, Build, Build”.

Chinese government really tries to control the developig country by offering such loans, and if the government fails China will have their own personal interest. I’d rather work with the Japanese known for a quality services than to the Chinese government, well I’m not a politician and I can’t do anything about this one. Blessed the Philippines.

My view on this so called China debt trap is that this is used by the opposition to discredit the current administration. If you look closely on how much loan we have to pay to China, it is only a small amount and the report seems that we loan billion of dollars for us to have a hard time repaying. I also follow this news and found out that we have more loans to Japan than China, though Japan offer little interest.

joniboini

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I can understand OP worry as my country has a tangible interest in China loans too. Though they're not the biggest creditor as of now.

Quote from: creeps on May 18, 2019, 05:44:57 PM

Chinese government really tries to control the developig country by offering such loans, and if the government fails China will have their own personal interest. I’d rather work with the Japanese known for a quality services than to the Chinese government, well I’m not a politician and I can’t do anything about this one. Blessed the Philippines.

Looks like this narrative is famous recently. Rather than China, Japan is better.[1] Well, based on history, Japan can be fiercer than what you think. See what happened to the nation under their control in WW2. While time has flown, history remains as our lessons. On the other hand, China denies that what they did was debt-trap policy, as expected.[2]

On the other hand, looks like China involvement in Africa make Uncle Sam unhappy about it.[3] Will we see another war between China and USA? Looks like this will be a capitalist vs capitalist war instead of communism vs capitalism.

Here's a nice article if someone wants to look at this Chinese debt-trap diplomacy since 2017[4].

[1] https://www.japantimes.co.jp/opinion/2019/04/01/commentary/world-commentary/japan-can-help-africa-escape-chinas-debt-trap/
[2] https://www.straitstimes.com/asia/east-asia/belt-and-road-initiative-not-debt-trap-diplomacy-says-china
[3] https://qz.com/1223768/china-debt-trap-these-eight-countries-are-in-danger-of-debt-overloads-from-chinas-belt-and-road-plans/
[4] https://qz.com/1497584/how-chinas-debt-trap-diplomacy-came-under-siege-in-2018/

creeps

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Quote from: davis196 on May 11, 2019, 12:24:18 PM

Pretty interesting theory.
The "Belt and Road" initiative was advertised as a way to boost the economic growth of third world countries by making them more connected to each other and with China.It will boost the Chinese export to these countries as well.The Chinese economy is hungry for resources and most of them will come from Africa.
The western countries are aware of this threat.

Most of the countries who avail this loan are failing to repay the loan and the consequences they will pay for more. Look at the Sri. Lanka now, that’s a big debt trap and 99years of repaying is not a good one. On the other hand, Philippines are trying to do the same mistake because of the current program of the government which is “Build, Build, Build”.

Chinese government really tries to control the developig country by offering such loans, and if the government fails China will have their own personal interest. I’d rather work with the Japanese known for a quality services than to the Chinese government, well I’m not a politician and I can’t do anything about this one. Blessed the Philippines.

davis196

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Pretty interesting theory.
The "Belt and Road" initiative was advertised as a way to boost the economic growth of third world countries by making them more connected to each other and with China.It will boost the Chinese export to these countries as well.The Chinese economy is hungry for resources and most of them will come from Africa.
The western countries are aware of this threat.

AdoboCandies

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