Topic: Our country was called Province of China. - page 6. (Read 829 times)

The Chinese debt trap is very popular as some countries in Asia and some parts of Africa has been a victim of debt trap, infact China made a huge share from some of these countries GDP due to a huge amount of loan, mainly been used to fund infrastructures.
Now, If the PH won't carefully spend the government's funds, Im afraid we'll fall from the same trap. Specially in this dire situation.
This hair treatment product should be sued seriously. Let the product owner explain the meaning of this.

The President of the Philippines is with friends with China, he's trying to make some deals coz he sees something that we can help us in the future but this? this is just absurd. Okay let's look at the very point, Manila was labeled as province of China, you guys ever wonder why a congress happen to discover it before the customs? Customs could have been thrown this product away when they sees it and I'm sure they have a procedure where they need to open imports for scanning. What my point is it could have been corrected, by them before it gets to a bigger stage like this and this reflects the negligence of them on their jobs. Glad that the Manila Mayor responded quickly and properly on this matter, he's very insulted by this as the city mayor most specially.

Looking at the situation, I think we should not take this issue in general.

The product owner involved should be the only one to be questioned. There is no way China government will treat PH as a province, I mean if they do, we should have seen several cases like that in all Chinese products in Divisoria and Chinatown Binondo. Maybe those owners looked down at PH to the point that they listed it as a province on their product.

Fortunately, the stores are now shut down and owners will be deported back to their country according to the City Mayor.

This is aggravating situation as it means there are people in China that are now considering Manila, PH as province of China.
Is that the product of the PH President being pro-China and turned out to be the new play thing of China?

https://asiatimes.com/2020/02/dutertes-pro-china-policy-hits-a-viral-limit/

I doubt its citizens will accept such claim being under China. A really insulting one.
And yes, corruption at its best. Their PhilHealth supposedly active this pandemic in assisting people are in current house hearing for alleged corruption. 

What makes the African debt trap worse for the debtor countries is that much of this money is being embezzled by their governments, the leaders of these countries are corrupt, they bring forward plans and budgets for the loans, but if you follow the projects, you'll find out that little or nothing is being executed and the larger chunk of the money is going to their bank accounts.

That being said, it becomes impossible for the debts to be paid back and China are well smart to know this, if the debtors will use every cent of that money to the good use of their economy, they'll reap from it in many years to come and paying back the debts becomes possible, but from an African point of view, chances these corrupt African countries will ever meet up to pay is pretty low.

Philippines could have managed their country without the major loans they have been borrowing from China for all these years but the economic development could have halted a little. But borrowing such huge loans has probably put Philippines in the danger of being invaded in future. But if this continues to an extent where the loans can never really be paid, you the Filipinos would be in the verge of being invaded indirectly by China in a few upcoming years.

The same problem has happened with countries like Angola and Ethiopia which had fell for the Dept Trap nonsense and they would be losing their status of being independent in a few more years. Ethiopia currently has a $13.5 billion debt and Angola has $25 billion debt and I don't think these huge numbers are good for a poor country like Angola TBH.

We are very well aware that President thought to put an end to the famous 21 year old VFA agreement early this year and it was seen as a positive factor for China to strengthen its troops inside Philippines. But recently in June, it was suspended and was seen as a sigh of relief for the USA. Either way, if problems like these tend to increase at a later stage the Philippines might face a severe threat from China in a non-violent way as dothebeats said and no one would be able to save them.

P.S @CryptopreneurBrainboss can you shed some light on these Africa Debt Trap facts from an African viewpoint?

Chines think thank is bringing this new system they already capture few ports and areas from developing countries after giving them good amount of loan and now this is really frustrating for many citizens of this country because they are doing all just for their own sack and colonization is new shape they will take places which are good and profitable for them other things will remain in country's authorities control as they don't want any headach in start.

I already saw this happening from miles away. The president of the Philippines has long been associating itself closely with China, and has even asked for lots of loans to fund for their infrastructure and development project. While the project in itself isn't an issue, the debt and whom it came from is. The Chinese has long been notorious in setting up debt traps on developing nations to gain quite a sizable share of the natural resources of a country, or even some part of the nation's land in order to use it for their own gain. This can be considered as conquering other countries through means of non-violent actions, in this case debt traps. I will not be surprised if the Philippines will be under the said situation in a few years time given that the current president isn't really doing anything right in regards to this matter.

Heck, you still have lots of corruption scandals in recent times in the wake of the COVID-19 pandemic.

Every leader is looking for short term solutions to this economic crisis because the ruling period for them is going to be 4 or 5 years so they really don't care about the things which is going to happen after a while.And if someone who wanted to stay away from the trap need to take loans from the countries which are not giving strict rules and extended time period to pay the debt.

It's a power race and China are aware (and hoping) that some of those loans would be defaulted.
In Nigeria for example, millions of USD has been borrowed for the construction of railways and more are expected to be exchanged, however the fine print of the terms were not publicized, this lead to an alarm being raised when some of the terms, which included waving a portion of the nations sovereignty to China was released.
Majority of the nations which are indebted through direct loans are developing nations in Africa and some parts of Asia, some of which are rich in natural resources. Defaults would allow China expand her territory.

The mayor of the region has responded strongly, condemning the action and also looking to deport the owners of the firm. This was most probably a plot in a bigger political play

News is that the beauty company of China listed the Philippines as one of its provinces (see picture above), which is a major disrespect and insult to us. After China has claimed some of our islands even we won at the international court , news that we are a province of China is spreading around our country. This post should be a warning to those countries that have debts in China because it could happen to your country as well.

The Chinese money trap really works, and they're already winning in the economic war, that's exactly what China is doing right now. They are taking advantage of those third world countries that want to grow their economies, and after many years of development, the country will be in huge debt due to crisis and corrupt people. Most countries have already lost portions of their homes and have already trampled on the rights and sovereignty of other developed nations.

In the beginning, China knew those countries that borrow money from them would not be able to pay them on the due date, so, in return, natural resources such as oil, gas, or even an island would be offered to pay those debts. I still believe that we Filipinos can manage to build our economy without relying on others, we just need the right people who can handle and control it perfectly for massive development. We are already aware of how does a money trap works but there are still countries that are falling for it, that's how dangerous it is.

This is where it starts and soon, we will see more products from China that labels the Philippines as a Province of China.