China’s Belt And Road: A Debt Trap For Sri Lanka?

China’s Belt And Road: A Debt Trap For Sri Lanka? | CNA Correspondent

Рет қаралды 80,369

Күн бұрын

Sri Lanka borrowed billions of dollars from China to finance roads, ports and airports under Beijing’s Belt and Road Initiative. These were meant to boost trade and economic development. But in 2022, the country experienced its worst economic crisis since independence, and some critics argue it was exacerbated by China’s so-called ‘debt trap diplomacy’, even though the root cause was long-term economic mismanagement. This led Sri Lanka to be dubbed a poster child for the ‘Chinese debt trap’ narrative. But is that really the case?
In the second part of our special series on the 10th anniversary of China’s Belt and Road Initiative (BRI), we take a closer look at whether Beijing’s loans played a part in Sri Lanka’s economic calamity, and the way forward for the country.
00:00 Introduction
01:05 Sri Lanka's economic crisis
09:47 Expensive infrastructure "white elephants"?
17:14 Importance of Sri Lanka to China's BRI
19:57 China's investment significant to Sri Lanka
More from CNA Correspondent: • CNA Correspondent | Fu...
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Пікірлер: 628

@danwelterweight4137 10 ай бұрын

Sri Lanka's debt to China is only 11%, Japan 12% and IMF 46%. Yet the Mainstream media keeps trying to tell it's audiences thst China's debt is the debt trap. Nearly 130 countries borrowed from China for the Belt and Road initiative.

@watertreaderwong4142 10 ай бұрын

@danwelterweight4137 just wonder where you get the figure, in documentary 1:58, it is said that China is Sri Lanka largest bilateral creditor

@jarjarbinks3193 10 ай бұрын

How many of those other creditors have taken over Sri Lankan properties for 99 years?! NO ONE ELSE other than China!

@Iceyfire12 10 ай бұрын

@@watertreaderwong4142of course they would they all want to say China Debt trap instead of other indebted to other countries they are heavily indebted too lol! China hasn’t done anything or demand anything from countries debted to them!

@wenchen8870 10 ай бұрын

If you look hard, you will find it.

@crasho80 10 ай бұрын

@@watertreaderwong4142the documentary is deceptive as they consolidate china debts from private and direct country debts while seperating those for other countries. using the same metric, paris club and India have the biggest debt. In addition, the one who hold up rescruturing was the paris clubs not china as the paris club debts mainly thru private banks that wanted their guaranteed return without delay

@brianmansan 10 ай бұрын

Wait a second.....Srilanka also borrows a lot of money from the West but they focus only on China

@nmew6926 10 ай бұрын

Western propaganda is very powerful

@happymelon7129 10 ай бұрын

😅 U$ UK EU warn of the "Chinese debt trap". Sri Lanka's gov debt report: 47% - Market borrowings (bonds) - most of which is held by BlackRock (U$A shadow government company) 13% - Asian Development Bank (a western/Japan own and run bank) 10% - China 10% - Japan 9% - World bank 2% - India 9% - Others

@dhanapalagodage6920 10 ай бұрын

much on white elephants.

@MMLL369 10 ай бұрын

Yes, and those Western + Japanese loans, at peak attracted 30% interest. Also, when medias mention "multi-institutions", like IMF / world bank / Blackrock / ADB / Japan, it basically means US / US / US / US/ US, just under different entities.

@ALWH1314 10 ай бұрын

Because this is pro west CNA.

@user-rt6ip4kb1i 10 ай бұрын

Sri lanka borrowed money from China, sri lanka was in trouble, so china must be blamed. It is just genius.

@Tewbum 10 ай бұрын

Your absolutely wrong, China holds 10% of there debt as does Japan, but the majority of the debt is wit the IMF,.and the world bank, all controlled by America

@sreenathgopinathan5415 10 ай бұрын

Rajapaksha brothers , who were leaders of SriLanka during the time when Srilanka borrowed from PR China, were stooges of the Chinese communist party and Peoples republic of china That the real genius of CCP and their PLA

@Aan_allein 10 ай бұрын

That is how it goes in the Global South

@Travelwithkugan 9 ай бұрын

China played on this one very well 😂😂😂😂😂

@hindhtvaterrorism4559 10 ай бұрын

It's more like Shri Lanka fell for the IMF debt trap and asked China to help it out. Shri Lanka ows China less than 6 billion while it owes India, IMF and G7 countries about 40 billion dollars . No comparison into who's debt trap Shri Lanka fell into.

@kenho-wr5ul2rh7m 10 ай бұрын

the interest rate from IMF is so much higher than China and IMF refused to reconstruct the debt portfolio, causing to the brink of bankruptcy

@user-ed9so2rb4k 10 ай бұрын

Someone claimed that this lie was created by an Indian, basically a sour grape and then grabbed by the Western Press to keep on telling this lie!

@nickiseb8910 10 ай бұрын

The IMF doesn't charge you 6-7% being a poor country. If you tell something tell the whole story.

@nickiseb8910 10 ай бұрын

@@kenho-wr5ul2rh7m ??? higher ??? what did you smoke ??

@hindhtvaterrorism4559 10 ай бұрын

@@nickiseb8910 lol, the IMF charge more infact, Shri Lanka was never considered to be a poor country to the IMF nor to the G7 Western Banks before it's collapse. In fact these G7 wanted Shri Lanka to collapse and deliberately so , to build a narrative around China and punish Shri Lanka for entering the BRI project and giving the port project to China instead of one them. Shri Lanka owes India more unfact than even China today.

@limcheating1 10 ай бұрын

I have a question for a long time, when you can't repay your debt to China, China may take your port, but the port would still be there and operates, AND pay taxes, but when you cant repay your debt to the West, what does it left then? there is no road, no ports, no Stadium, no one knows where the money went

@Little-chilli 10 ай бұрын

西方会介入政务运作使国家崩溃，做空主权货币。然后以超底价收购优质资产。民众成为西方资本的奴隶，奴隶主却不用管奴隶的死活。他们会利用金钱和宣传的武器扶植代理人管理国家。当奴隶们反抗时就换另一个代理人。而西方资本家则趴在发展中国家上面吸血。😅

@jetli740 10 ай бұрын

actually if you check, it sri lanka goverment offer the port to china at 60/40 so srilanka still share own it for 99yrs, china didnot take it by force

@tengchuankhoo6585 10 ай бұрын

If CNA checks deeper, Hambantota port project was first proposed by Canada not China. After Canada pulled out, due to a change of it's govt, Sri Lanka asked China to consider.

@xxoo-lp6vc 10 ай бұрын

They knew, but need to follow western agenda😅

@youhavebeenhacked88 10 ай бұрын

The terms by Canada were far more lenient and reasonable as compared to that by China

@ektan7912 10 ай бұрын

Canada is the originator followed by Éndian and other western countries (none dare to take on the project before going to China😂😂😂

@johnfoo1959 10 ай бұрын

Now China will have to bear the blame as setting the debt trap. 😂😅😂

@manojfernando1028 10 ай бұрын

AMERICAN BACKED COUNTRIES ALWAYS ACCUSING CHINA..CHINA HONESTLY HELPING THE POOR NATIONS. THEY AR NOT DEVIDING AND CREATING WARS. THE MAIN MISTAKE WAS MONEY WAS NOT UTILIZED. POLITICIANS POCKETING THE MONEY.MISMABAGEMENT IS THE ISSUE

@jackjhmc820 10 ай бұрын

The logic of Indian invention of China debt trap diplomacy is extraordinary. Where can bond investors learn the magic of taking control of a company or a country with only 11% of total debt?

@sheldonpopesp 10 ай бұрын

yup and the interest rates of that debt are lower than the other creditors... makes it hard to point to them as the straw that broke the camel's back.

@user-xj2ff4un8r 10 ай бұрын

India supported the Tamil Tigers in the ethnic war in Sri Lanka. Why pretend to be so concerned for its neighbour's well being now? Check your facts first before pointing at China. The best approach is for Asians to unite and fight US hegemony so that Asian countries can progress.

@shridam3874 10 ай бұрын

and that same country gave them billions when needed while China put its tail in its ass. @@user-xj2ff4un8r

@happymelon7129 10 ай бұрын

We all knew these years of peace in SEA is because that empire busy in Middle East for 20years. Empire focus on Middle East , BOOOOM ! Empire focus on Europe , BOOOOM ! Now that Empire focus on Asia ...😨

@poohthegreatslayer 10 ай бұрын

@@user-xj2ff4un8rDo you know the full story? Initially supported them because Sri Lankan Sinhalese people did genocide on Sri Lankan Tamilians. Later, LTTE was declared as terrorist organisation as war progressed.

@user-cr1gy9ng5j 10 ай бұрын

Once a country goes through a major crisis the people learn to live with a scarcity mentality. It's hard for them to spend even if they have money.

@achangyw 10 ай бұрын

Frugal living within your means which is good for Sri Lanka. Balanced expenditure and savings is important for all people.

@silentwatcher1455 10 ай бұрын

That's better than US. US is a bankrupt country. People spend beyond their means.

@MSDGroup-ez6zk 10 ай бұрын

@@achangyw and never use USD.

@sreenathgopinathan5415 10 ай бұрын

And this will motivate more people to emigrate to developed countries in search of better employment opportunities and living standards

@MSDGroup-ez6zk 10 ай бұрын

@@sreenathgopinathan5415 yup people have moved to Europe or the USA because the USA allies have destroyed their habitat and made them poor through colonialism and looting their natural resources. This is a karma.

@mcgaretse77 10 ай бұрын

CNA failed to highlight Imf and world bank are the biggest creditor😂😂😂

@jetli740 10 ай бұрын

not fail, if they list imf,world bank, japan then they cant call china debt trap anymore

@muudcatt9541 10 ай бұрын

In their defence, they only have 20 minutes to report this so no time for such information la

@waludalu5102 6 ай бұрын

@@muudcatt9541 wdym 20 minutes is plenty of time just to show a chart but that goes against their agenda

@LoC28C 10 ай бұрын

CNA has seemed to miss out very important details about the so called debt trap on the Hambandota Port. Where the Chinese were invited to take a lease of the Hambandota port so that the proceeds of this lease was to go towards repayment of Sri Lanka’s debt to the IMF. How come CNA didn’t disclose that Sri Lanka’s debt towards China only amounted to 11% of their total debt which is equal to the likes of Sri Lanka’s debt to Japan and India? How come CNA didn’t highlight the main reason for Sri Lanka’s economic crisis was due to an over dependence of the US Dollar? Due to the shut down of the economy during the pandemic and that there were not enough of USD coming in to the Sri Lankan economy, coupled with the USA sanctions against Russia thus pushing up prices of fuel and other essentials beyond the reach of the people in Sri Lanka. Why didn’t CNA highlight these issues ?

@komangpandehariyadi7918 10 ай бұрын

CNA is mini BBC

@xxoo-lp6vc 10 ай бұрын

Pay by Singapore taxpayers money, but need to follow western agenda. Sad for Singaporean😅

@happymelon7129 10 ай бұрын

@nightking8490 10 ай бұрын

Because Chinese loans are hidden in secrecy and public doesn't know its terms and conditions.

@shuilong52 10 ай бұрын

CNA is a very unprofessional and usually they take snippet of foreign media and then try and create a new media. They lack the ability to create a good news report

@namelesswarrior4760 10 ай бұрын

The latest deal with the IMF is the real debt trap but unfortunately Sri Lanka don't have any options.

@DailyCorvid 10 ай бұрын

Sri Lanka is such a great country as well, also with terrific people generally. Always criminals and communists there to ruin it though, if not your cultists... Democracy is the answer, but how to get it to them? The question.

@jeckjeck3119 10 ай бұрын

lol, should have thought about that before accepting deals from a dictatorship like China.

@bangballs 10 ай бұрын

@@DailyCorvidworld bank and IMF are the western political weapons that destroyed the beautiful and resource rich African, south American and middle east countries. Your mentally challenged reply is hilarious. Get an education. 😂

@jarjarbinks3193 10 ай бұрын

How is IMF the debt trap?! They bailed our Sri Lanka from nothing.

@shencheanglow3726 10 ай бұрын

@@DailyCorvidSri Lanka practice western parliamentary system with general election every four years. A formula for disaster in every developing nation, except China and now Vietnam.

@d.c.484 10 ай бұрын

People are confusing investment and loans. Pure investment means the investor is taking the risk if the project will be profitable. Loan (lending) means money has to be paid back otherwise the collateral will be confiscated. China is lending money to Sri Lanka.

@crasho80 10 ай бұрын

Not really. China is doing both. The port was partly investment partly loan. China took some of the risk in the initial investment and loaning the Sri Lanka govt part of the investment. So China is taking 100% of the risk. Morgan Stanley and other private creditor buy Sri Lanka govt bonds. That is lending not investment

@neilbohrs5990 10 ай бұрын

China did not lend money. China bought the right to use that port for 99 years. That money does not need to be paid back. Sri Lanka also gets 30% of the port profit. Not to mention the nearly 600 million China put into building the port. That port made only 1.8 million before china took over. Now it gets over 2 million tons of shipments per year.

@kevinclasher3160 10 ай бұрын

⁠@@neilbohrs5990you’re totally wrong…. China did lend money to Sri Lanka to build Hanbantota port and that was the request by Sri Lanka. They thought this port would help reduce the stress in the Colombo port. When the western debts were due, Sri Lanka was struggling to pay them so they decided to lease out the Hanbantota port to finance the repayments to the western countries. The Debts for Hanbantota port were not even due yet at the time…. When Sri Lanka offered the lease of Hanbantota port to the world no one wanted it because it wasn’t economically viable but a chinese company took it on with the risk. India shouldn’t be annoyed with Sri Lanka for leasing the port to India either, if there so concerned why don’t they take on the lease to help Sri Lanka then?

@MSDGroup-ez6zk 10 ай бұрын

@@kevinclasher3160 80% of Sri Lanka debts are in the USD. How come this USD did not trigger debt trap?

@kevinclasher3160 10 ай бұрын

@@MSDGroup-ez6zk Sri Lanka had to lease their Hanbantota port out for 99 years to pay this debt, if they didn’t do that they’ll default on the loan, if Sri Lanka offered the port to them as debt payment, they wouldn’t take it anyway because the port isn’t economically viable, so they want their money and Sri Lanka had to find. Obey somewhere which ended up forcing Sri Lanka to lease it out their port which ain’t producing a profit. From their view, they can pay the western debt, reduce their liability on that unprofitable port, when leased out the company that takes it on can invest in the port, it’s not like they sold it, eventually in years to come it will make profit and handed back to them in a better situation. The port will also continue to employ Sri Lankan people. Having seen China taking an interest in Sri Lanka, western countries are now more willing to restructure the debts to try and influence Sri Lanka away from China’s influence. If you did your research, you’ll know that the debt trap bullshit is made up and nothing but propaganda. Deborah brautigam did over 10 years researching Chinese loans and have already debunk this debt trap bullshit but western media will not tell you that…

@vision9275 10 ай бұрын

Tell me what about the 2 initiatives Build-Back-Better by Joe Biden and Global-Gateway by Ursula von der Leyen? Please name me one project from these US-EU initiatives. I can tell you that there is none after 3 years since the initiatives were founded. Should or will the developing countries like Sri Lanka have to wait another century for investments from both initiatives Build-Back-Better and Global-Gateway?

@muudcatt9541 10 ай бұрын

If you wanna build someting, give the Chinese a call. If you wanna bomb something, give the US a call. Of course, Europe can't do either of these.

@sodazman 10 ай бұрын

90% of Sri Lanka's debt is actually owed to US and Japan - World Bank, IMF and Asian Development Bank. Only 10% is from China.

@bctvanw 10 ай бұрын

Owning money to banks vs owning money to mafias

@hangtuah888 10 ай бұрын

Yes, please don't tell them that as they have no brain or intellect to differentiate the percentage. When the dumb cnut of the Disunited States ambassador said that it should be international rules based order, you know straight away she is another dumb bat shite. It is international law not rules based order. How these idiots and imbeciles can say such bs is beyond me? She even said it with a straight face. But then again when you are stupid and lack the acuity to know the difference, it is no difference between intelligence and stupidity. It is ASIA PACIFIC and not Indo Pacific stupid.

@alanclw6024 10 ай бұрын

@@bctvanw Thank you. I think calling the IMF and Western Financial system mafias is very accurate

@bctvanw 10 ай бұрын

@@alanclw6024 Yes PRC is bank.

@alanclw6024 10 ай бұрын

@okk369 Brah... Stop drinking water from the Ganges. It is giving you diarrhea. Or maybe it is the curry that is giving you diarrhea, and the water is making you dumb :(

@user-vz7bm2xw3l 7 ай бұрын

The “debt-trap” theory is concocted by Brahma Chellaney, an Indian geopolitical strategist. The “debt-trap” theory is concocted by Indians, and popularized by Americans. They concoct this theory to demonize China, Chinese and BRI projects/loans. India, US, along with EU, fear losing their dominance and control over other countries which may result from these projects. Such fears are based on their selfish and geopolitical interests. However, people from all over the world, especially from developing countries have acknowledged the needs and the actual benefits of these projects/loans. They know from their first-hand experience that there is no debt-trap. Academics and researchers have reviewed these projects, and have debunked the debt-trap theory.

@bhubestakesoponsatien1143 6 ай бұрын

Sri.anka previous Govt needed the progress but in reality Srilanka owe Wwb and Japanese more than China .as to project work or not it is Srilanka govt to fulfill than , not the investors

@vivr670 5 ай бұрын

Agree. Sri Lanka owes more to foreign institutions than China to be honest.

@Tom_D_Harry 10 ай бұрын

Sri Lanka need decades to recover from it economic crisis. After what the corrupt politicians had done. The system already failing, dont expected China to create miracle. Everyone suffered from the after effect of the UKRAINE/ RUSSIA war. What Sri Lanka need now is a strong and capable group of politicians to run things.

@naththandigedilanthanishad6463 10 ай бұрын

It's Sri Lankas wrong economic plans not chinas fault

@yvrelna 10 ай бұрын

I always wonder why is China being blamed for giving loans? The receiver of these loans has seen the terms of the loans and they understood the loan terms, they've calculated the risks and potential benefits and then decided that they are willing to take the risk. It's not really China's fault if the projects that the debts are being used for didn't work out, or if the money got into the pockets of corrupt officials, and they had to default. These are not personal loans, where banks may be dealing with individuals with poor understanding of loans and their own abilities to service them. These are loans between governments, they have experts in economics that would've evaluated the loans terms and believed that the risks are worthwhile. If a recipient defaulted, that's entirely the fault of the recipient, not the provider of the loans service. Sri Lanka really only has itself to blame for its poor management. Even if we assume that it's true that China has an explicit plan to take over foreign assets using debts for geopolitical strategy, the failure of the projects is still the responsibility of the receiving country, not the lender. Even if it's true that the terms of the loans are bad, it's the responsibility of the receiving government for accepting those terms.

@Clklom 10 ай бұрын

Because CCP works with the crook leaders and bribes them....they cannot work with honest leaders and no one wants CRIMINAL CHINESE PARTY in their country.

@VMRDY 8 ай бұрын

Some lenders are called loan sharks for a reason. I hope you are familiar with that term.

@yvrelna 8 ай бұрын

@@VMRDY loan sharks are lenders who exploit individuals with poor understanding of how loans and the legals works. Countries lending billions of dollars that have their own financial experts are not plausibly an entity that can claim that they don't understand how loans work. Even the governments of small, developing countries are large entities who has financial advisors and international relations and legal experts that would've pored through every term in the loans in excruciating details. If they accepted what China offered them, that's because they think that China gave them the best terms, not because they don't understand the terms of the loans. Loan shark is a term that cannot really apply to loans between large corporate and intergovernmental. At the level of money that these entities are dealing with, hiring a few experts to review the terms of the loans would've been a rounding error in the value of the loan.

@DocPetron 6 ай бұрын

@VMRDY The loans that China made to Sri Lanka was between 2 to 6 percent, depending on when they got the loan, with repayment stretched out for decades. European lenders, mostly from bond holders charges interest in double digits for short term loans. So who's the loan shark?

@williemyapfc8905 10 ай бұрын

An Indian coined the word "debt trap" for China's BRI with the West doubling down. Logic tells you creditor/debtor benefits and obligations, each upholding the respective responsibility as part of the negotiated deal. A Beautiful Country, the Pandemic caught the SL leadership lying flat, with lockdown worldwide, no flights, tourist missing and the Dollar stream dried up. The ill-conceived going green affected the agricultural output and aggravated the tea exports and food supply. Sri Lanka's over reliance on tour arrivals got trapped by the pandemic onslaught. With more than 150 countries signed to BRI, China created an alternative to the traditional means and unlocked landlocked regions. SL should tap in and find ways to benefit themselves.

@silentwatcher1455 10 ай бұрын

Call it Sri Lankan mismanagement of its debts and economy. Many countries economy were damaged by pandemic. Sri Lanka relied heavily in tourism business.

@williemyapfc8905 10 ай бұрын

@@silentwatcher1455 In life, we also get caught on rainy days with no offer to stretch out the umbrella. Comes to country, problem magnify out of proportions. Video shows people getting back on their feet. Good sign.

@hanibee-bi7sw 10 ай бұрын

Great report. I am also looking forward for honest reports about other creditor countries. How well their loan are working compared to Chinese loan?

@1971gift 10 ай бұрын

exactly. in these past years w/ dedollarization and how the west ensured global south debtors service their debts during the first years of the pandemic while china restructured and forgave debts for 17 of its highest debtors while suspending debt servicing is a significant part of the conversation. it would be good to know what percentage of sri lanka's overall debt obligations is from china.

@MSDGroup-ez6zk 10 ай бұрын

@@1971gift The USA allies always scream louder than they should be. Look at the false impressions of the USA movies on the Vietnam War. Let's see from the currency discrepancies between the U.S. allies and non-USA allies 1. USA allies a. the UK - 1 USD = 1 Pound b. Europe - 1 USD = 1 Euor c. Jordan - 1 USD = 0.3 Jordanian dollar d. Singapore - 1 USD = 1 Singaporean dollar e. etc 2. Non-USA allies a. Indonesia (not my country) - in 1969, 1 USD = Rp 7.5, in 1997 - 1 USD = Rp2,000 and when Soros came 1 USD = Rp 16,800. During the Soeharto era, 100% of all Indonesia's economic ministers were either Harvard University or Barkley University. The president was convinced that if the local currency is low, the Indonesia economy would be better off in fact 1. Let's say Indonesia's debts were USD 1 million in 1968. Thus in 1969, its debts were USD 1 million x Rp 7.5 = Rp 7.5 million. In 1997, 1 USD = Rp 2,000. Indonesia's debts became USD 1 million x Rp 2,000 = Rp 2 billion. In 1998 Soros came in 1 USD = Rp 16,800. Thus Indonesia's debts became USD 1 million x Rp 16,800 = Rp 16.8 billion. This is a debt trap. Can you imagine before Soros came, Indonesia's debts were Rp 2 billion and overnight they became Rp 16.8 billion or increased 8 times overnight. No country's cash flow can cover the sudden increase in expenses 7x than before overnight. Thus Indonesia borrowed to the IMF in the USD again with an obligation to buy the USA products at marked-up values. During the Soeharto era from 1969 into 1998 (29 years), the USD was manipulated Rp 16,800/Rp 7.5 = 2,240 times or on average the USD was manipulated 2,240/29 years = 77 times a year. Hence even though Yuan has covered 0.1-0,2 % a year, the risk of currency is lower than the USD. That's why 130 countries members have joined with China Silk Road Initiative including several European countries and Singapore. 2. Let's say Freeport McMoran in Indonesia pays me a salary of Rp 10 million/month. Hence in 1969, Freeport should prepare Rp 10 million/Rp 7.5 = USD 1.3 million a month. In 1997, 1 USD = Rp 2,000. Thus Freeport McMoran should prepare Rp 10 million/Rp 2,000 = USD 5,000/month. When Soros came in 1998 Freeport should prepare Rp 10 million/Rp 16,800 = USD 595/month. Imagine due to USD manipulation, Freeport's obligation to pay me the salary of Rp 10 million/month has reduced from USD 5,000/month into only USD 595/month or USD 5,000/USD 595 = 8.4x overnight. b. Iraq. In Saddam's era 1 USD = 0.3 Iraqi dinars. Today 1 USD = 1,400 dinars C. Venezuela, in 2022 - 1 USD = 2,722 Venezuelan Bolivars today 1 USD = 31 million Bolivars or USD has been manipulated 11,386 times a year. If your father is living in Venezuela and needs a heart medicine of $1 per bottle per month, how hard has he needed to work just to match with the manipulated USD? That's why the world has decided to make a competition with the US hegemony. Imagine India has 2 sons in law and a daughter-in-law. One as the UK's PM. Another son-in-law is the World Bank CEO. The UK has problems with Brexit and no Brits can fix it. Thus the UK cannot do anything if Sunak suddenly sells its US debts. The UK also looted USD 45 Trillion from India. The UK after Japan sold its US debts, the UK became the third largest US debt holder by increasing its ownership towards the US debts. Sunak can ask the World Bank to borrow the UK loans to repay the looted and its economy and sell its US debts. While daughter-in-law, Kamala can help the UK with lower energy prices and low interest rates on loans.

@xxoo-lp6vc 10 ай бұрын

CNA don't dare to report on them, we all knew Singapore finance sector control by the U$A😅

@upendranathtiwari6257 10 ай бұрын

Belt & Road is the example when you ignore basic fundamentals of economics to get geopolitical advantage. Many projects under BRO are not economically viable but they are geopolitical significance.

@chanahyingchan5070 10 ай бұрын

Sri Lanka already was having BIG time debt crisis from way back when. Sri Lanka borrowed from China to pay back IMF/World Bank. Of course the debt carried forward to current.

@MSDGroup-ez6zk 10 ай бұрын

The USA allies always scream louder than they should be. Look at the false impressions of the USA movies on the Vietnam War. Let's see from the currency discrepancies between the U.S. allies and non-USA allies 1. USA allies a. the UK - 1 USD = 1 Pound b. Europe - 1 USD = 1 Euor c. Jordan - 1 USD = 0.3 Jordanian dollar d. Singapore - 1 USD = 1 Singaporean dollar e. etc 2. Non-USA allies a. Indonesia (not my country) - in 1969, 1 USD = Rp 7.5, in 1997 - 1 USD = Rp2,000 and when Soros came 1 USD = Rp 16,800. During the Soeharto era, 100% of all Indonesia's economic ministers were either Harvard University or Barkley University. The president was convinced that if the local currency is low, the Indonesia economy would be better off in fact 1. Let's say Indonesia's debts were USD 1 million in 1968. Thus in 1969, its debts were USD 1 million x Rp 7.5 = Rp 7.5 million. In 1997, 1 USD = Rp 2,000. Indonesia's debts became USD 1 million x Rp 2,000 = Rp 2 billion. In 1998 Soros came in 1 USD = Rp 16,800. Thus Indonesia's debts became USD 1 million x Rp 16,800 = Rp 16.8 billion. This is a debt trap. Can you imagine before Soros came, Indonesia's debts were Rp 2 billion and overnight they became Rp 16.8 billion or increased 8 times overnight. No country's cash flow can cover the sudden increase in expenses 7x than before overnight. Thus Indonesia borrowed to the IMF in the USD again with an obligation to buy the USA products at marked-up values. During the Soeharto era from 1969 into 1998 (29 years), the USD was manipulated Rp 16,800/Rp 7.5 = 2,240 times or on average the USD was manipulated 2,240/29 years = 77 times a year. Hence even though Yuan has covered 0.1-0,2 % a year, the risk of currency is lower than the USD. That's why 130 countries members have joined with China Silk Road Initiative including several European countries and Singapore. 2. Let's say Freeport McMoran in Indonesia pays me a salary of Rp 10 million/month. Hence in 1969, Freeport should prepare Rp 10 million/Rp 7.5 = USD 1.3 million a month. In 1997, 1 USD = Rp 2,000. Thus Freeport McMoran should prepare Rp 10 million/Rp 2,000 = USD 5,000/month. When Soros came in 1998 Freeport should prepare Rp 10 million/Rp 16,800 = USD 595/month. Imagine due to USD manipulation, Freeport's obligation to pay me the salary of Rp 10 million/month has reduced from USD 5,000/month into only USD 595/month or USD 5,000/USD 595 = 8.4x overnight. b. Iraq. In Saddam's era 1 USD = 0.3 Iraqi dinars. Today 1 USD = 1,400 dinars C. Venezuela, in 2022 - 1 USD = 2,722 Venezuelan Bolivars today 1 USD = 31 million Bolivars or USD has been manipulated 11,386 times a year. If your father is living in Venezuela and needs a heart medicine of $1 per bottle per month, how hard has he needed to work just to match with the manipulated USD? That's why the world has decided to make a competition with the US hegemony. Imagine India has 2 sons in law and a daughter-in-law. One as the UK's PM. Another son-in-law is the World Bank CEO. The UK has problems with Brexit and no Brits can fix it. Thus the UK cannot do anything if Sunak suddenly sells its US debts. The UK also looted USD 45 Trillion from India. The UK after Japan sold its US debts, the UK became the third largest US debt holder by increasing its ownership towards the US debts. Sunak can ask the World Bank to borrow the UK loans to repay the looted and its economy and sell its US debts. While daughter-in-law, Kamala can help the UK with lower energy prices and low interest rates on loans.

@liongjiahwong5478 7 ай бұрын

BS.

@happymelon7129 10 ай бұрын

@clbkcilok220 10 ай бұрын

CNA is western propaganda media

@therminust4 10 ай бұрын

more than 50% Sri Lanka debt are from US (BIackr0ck, Asia Development Bank, etc), from China only 10% but medias didnt dare to show this fact, coz controlled by West ag3nda

@simonfoster1881 10 ай бұрын

So actually it is US debt trap set up to Sri Lanka, I judge it from objective data, not from subjective western envy towards China...

@MSDGroup-ez6zk 10 ай бұрын

@@therminust4 well the USA has lied in the Iraqi war that caused the lost of Saddam's life. So the USA can lie everywhere and anytime.

@joeGuizan 10 ай бұрын

One factor overlooked: ideal versus practical --- the year before, the government banned fertilizers. It devastated food production and sufficiency and made life harder. 😅😅😅😅😅😅

@user-cr1gy9ng5j 10 ай бұрын

That's because they had no foreign exchange.

@liquidswordfish 10 ай бұрын

@@user-cr1gy9ng5jnot really they wanna go organic which backfire.

@manimalworks7424 10 ай бұрын

Sri Lanka foreign debt: 8% from China, average interest rate 0.5%. 11% from Japan , interest rate 3%. Wall Street: 13%, interest rate 4-5%. The rest, IMF. So how come it’s China created the debt trap? Please explain with real facts and data.

@jetli740 10 ай бұрын

they cant, it pure popaganda

@vichua1052 10 ай бұрын

There must be an international law that punishes corrupt government officials of beneficiary countries like Sri Lanka's Rajapaksha who pocketed the loan money.

@williamlee5260 10 ай бұрын

The principle is neither by a borrower or lender. In both situations, both parties will have their complaints. But when the borrower country like Sri Lanka is in dire straits at that time, they were begging for a white knight to bail them. If their corrupt politicians had not mismanaged the countries finances, they wouldn't be in a position to beg for help. Ungrateful Sri Lanka.

@TedrosAdhanom. 10 ай бұрын

You want to own a house so bad, a roof over your family's head. So off you go to the bank to get a housing mortgage. After several years, you got yourself into some form of financial difficulties and you can pay the mortgage. Blame the bank and it's high interest rates. Blame the bank for seducing you to take up the loan. Blame the bank for debt-trap

@hellgorama 10 ай бұрын

The only people "blaming the bank" are the "rival banks" (*cough* western lenders *cough*). Most Sri lankans blame their own gov't, not China.

@glumour3081 10 ай бұрын

that's why if you implement family support beliefs in a country (srilanka).... and what do you think CNA about Greece ?

@kanpakloykan7105 10 ай бұрын

Yap the BTI is a dept trap while the Built BackBetter ( 3:s B) is a sure trip to night mare city or the the Corridor is a place with snakes. crawling about.

@georgelimlosuy 4 ай бұрын

“Build Back Better” was a slogan that had no money to support. That’s what Biden is good at. The US is only interested in exporting weapons, never anything that is productive for the recipient country.

@rakuen6728 10 ай бұрын

They run their nation,n blame other nation for their failure ... So never lend others money ,,,😅

@chopinmack5418 10 ай бұрын

Nearly 6,000 attendees from over 100 countries just attended the Belt and Road Summit in Hong Kong from Sept 13 to 14 , 2023 . It seems that a lot of countries are not scared of the Debt Traps !

@julioduan7130 10 ай бұрын

When China lent money, it’s bad. When India lends money, it’s saving Sri Lanka.

@Rav01508 10 ай бұрын

Here's what India's 🇮🇳 democracy is all about: - Corrupt leaders - Poverty - No.107 on the World Hunger Index - No.126 on the World Happiness Index - No.161 on the World Press Freedom Index - High unemployment - Wealth inequality

@Rav01508 10 ай бұрын

Why can't India 🇮🇳 do the same, by building ports in Vietnam🇻🇳, Taiwan🇹🇼, Philippines🇵🇭, Malaysia🇲🇾, Japan🇯🇵 and South Korea🇰🇷? Oh I see, you Indians are still learning how to build bridges 🌉

@jaihindersingh 10 ай бұрын

Cna represeens singepor. Dhey ar unbaiyes pro-Amerikka mediia dat wiil healp Amerikka to smeear cpp so dat heeroo Amerikka caan defeet cpp moor easilee

@sqpilot63074 10 ай бұрын

don’t forget rape increased 150%

@jeckjeck3119 10 ай бұрын

LOL, bitter China men tears:)

@nooneknows469 5 ай бұрын

talking about credit , debt trap , ultimately Sri Lanka had fought a war among themselves , largely benefitting china now

@andysue9361 10 ай бұрын

I have been told this same story when I was in Colombo 2017 . Even Hanbantoda crisis .

@wpgc2 10 ай бұрын

21:06 Summary - "what are they (China) going to archieve out of the debt trap? If you put your money into a country for investment. Obviously they want returns, so if you want return you want to see that country succeeds." -- I don't know if BRI will succeed, but for sure it will help many developing countries to improve their GDP and living standing, so the world's wealth will no longer dominated by a a handful of countries.

@kamabokogompachiro5368 9 ай бұрын

they want control over land just like the british did to them with hong kong. Debt trap is just the beginning. In old days you had to fight wars for this kind of control. This is the 21st century

@xiaofengwang9541 10 ай бұрын

When a country lends you money to buy weapons and luxury goods, it is called a loan trap. When a country lends you money to build infrastructure, it is called aiding development.

@SevenplusShakya 10 ай бұрын

Chinese loan is different Because Chinese loan high interest and some medetary condition like all projects given only Chinese company and Chinese labour

@hypebeastreet6308 10 ай бұрын

@@SevenplusShakya😂 you should really know the fact before you type any comments.

@johnfoo1959 10 ай бұрын

I borrow 💰 from the bank to buy a house. I have been paying my debt until I lost my job. Now I fall for the debt trap set up by the bank as I am unable to pay the debt. Awwwww! Stupid bank!!! You shouldn't have loaned me the 💰.

@happymelon7129 10 ай бұрын

😝 Sri Lankan President Ranil Wickremesinghe said on March 7 that China has support to restructure Sri Lanka's debt, which means that the Sri Lankan government will soon receive assistance from the International Monetary Fund (IMF).

@mikerussell3298 10 ай бұрын

wrong its the existing IMF debt that is crippling Sri Lanka, get your fact right.

@muudcatt9541 10 ай бұрын

the bad guys must show good will first, then us good guys can follow lmao

@jaihinddefencenews491 10 ай бұрын

India was the Saviour of Sri Lanka, It gave 4 Billion Dollars Assistance to Sri Lanka

@muudcatt9541 10 ай бұрын

Wait, that's your take away from this report??? Why Indians are so egoistic??

@kamsunleong6648 10 ай бұрын

Any loan you take without the ability to repay in the first place, is a debt trap.

@happymelon7129 9 ай бұрын

12-7-2022 Britain-based charity Debt Justice: 35% of African gov debt is owed to Western lenders compared to 12% owed to Chinese lenders The average interest rate on Western loans is 5%, compared to 2.7% Chinese lenders.

@happymelon7129 9 ай бұрын

12-7-2022 Studies show private Western lenders create most of African debt burden In a report released last week, Britain-based charity Debt Justice found that African governments owe three times more debt to Western banks, asset managers, and oil traders than to China, and are charged double the interest. The report said 12 percent of African governments' external debt is owed to Chinese lenders compared to 35 percent owed to Western private lenders, adding that the average interest rate on private loans is 5 percent, compared to 2.7 percent on loans from Chinese public and private lenders. The new findings lay bare the absurdity of the so-called "debt-trap diplomacy" that has been for too long touted by Western politicians and propaganda machines in smear campaigns against China, experts have said.

@user-rg1cz6gz8o 10 ай бұрын

CNA will never talk about united states interest rate and IMF coercion on poor Nations

@mssv19123 10 ай бұрын

Singapore having peanuts and similar position like Sri Lanka, there's no reason Sri Lanka cannot be successful as Singapore. A large neighbor north India, China wants it and important trading hub, US wants it......Sri Lanka can become the next Singapore

@metallooily7606 10 ай бұрын

all big projects brought to Sri lanka to its ohysical presence considered low price by contractors, to build all infra projects can cost Sri lanka 10 folds big monies

@nilukank3564 9 ай бұрын

Rajapaksa family responsible for those .

@wataric1600 8 ай бұрын

If u want to get out of poverty, first, build a road. If u want stay poor forever, borrow from IMF, or BlackRock.

@brannyxx 10 ай бұрын

CNA…… how can they call it a debt trap? Have they even done an analysis on the project finance borrowing rates from the IMF. And from China ? Lazy reporting. Why don’t you go an ask Africa who is a more predatorial lender ? USA. Or China.?

@jaihindersingh 10 ай бұрын

Cna represeens singepor. Dhey ar unbaiyes pro-Amerikka mediia dat wiil healp Amerikka to smeear cpp so dat heeroo Amerikka caan defeet cpp moor easilee

@jetli740 10 ай бұрын

@@jaihindersingh Sri lanka own to china is 10%, but 90% own by imf,japan,india is not debt trap? amazing logic

@brannyxx 10 ай бұрын

@@jaihindersingh I tried to google translate what you typed…. No luck. Can you please tell me the language you are using ? Thanks. Then maybe I can reply.

@jetli740 10 ай бұрын

@@brannyxx it badly spell english. he write it base on sound and mispell Cna represens singepor. Dhey ar unbaiyes pro-America mediia dat wiil healp America to smeear cpp so dat heeroo America Caan defeet cpp Moor easilee ---- Cna represent singapore. They are unbias pro-amercian media that will help amercian to smear ccp so that hero amercian can defeat ccp more easily

@jetli740 10 ай бұрын

@@jaihindersingh turn on your spellcheck.

@raymonddon8875 10 ай бұрын

china too rich and powerful... much love for china by cuba & mexico!

@allowedme 10 ай бұрын

what might be the talking points when nation drops a bombs onto your country instead of help it build.

@hongqi5734 5 ай бұрын

Most developing countries have been in IMF and World Bank debt traps for centuries.

@ca2ca 7 ай бұрын

Main reason for Sri Lanka's economic mishaps, problems are corruption, mismanagement, misconception in selected governments say since mid 70's. We can not blame China for debt traps. China's interest are around 6% where as Japan, IMF above 12 and 16% . CNA from Singapore is well noted for its Anti China stance.

@santosh_98 10 ай бұрын

some people never learn

@user-vy4ms3sg9t 7 ай бұрын

From the prices I'm hearing, China is giving good deals. $300 million on some projects, you can beat it. The port will be their biggest gain, I hope they don't put too much into tourism and concentrate on that port.

@Eric-zo8wo 9 ай бұрын

0:23: 🌍 China's Belt and Road Initiative raises concerns over debt traps for some countries. 5:46: 💼 Sri Lanka's poverty rate has almost doubled, leading to an increase in the sale of essential items like ribbons and wool bands. 10:11: 💼 The Port of Hambantota in Sri Lanka, built as part of China's Belt and Road Initiative, has faced financial difficulties and raised concerns over Chinese control. 13:58: 🏙 The Port City Colombo in Sri Lanka is expected to boost tourism and revenue in the country. 18:58: 💼 The US ambassador to Sri Lanka emphasizes the importance of a strong partnership and mutually beneficial relationships with China and other countries for Sri Lanka's prosperity and development. Recap by Tammy AI

@georgelimlosuy Ай бұрын

Many developing countries want to borrow money from western banks but were denied. China lent money to these countries and they call them ‘debt traps.’ If a country cannot pay, then they have to give up ownership of the assets being financed, like a home owner who cannot pay his mortgage. Anyway, the infrastructure is still in the host country and helps improve productivity in the country.

@pathomthavaradhara 8 ай бұрын

Besides Sri Lanka, Other nations are also got caught in the debt schemes: Laos, Cambodia and nations of Africa are all in.

@cdoyle801 9 ай бұрын

By the looks of a lot of the people, there isn't a shortage of food.

@EasternKalogeros 10 ай бұрын

Cna = CNn = BBC

@dokinglife 10 ай бұрын

How about Cna doing a documentary on IMF or world bank historical track records f debt traps instead

@muudcatt9541 10 ай бұрын

Sigaporean government will get reprimanded, very bad for business

@malalachernobyl5594 8 ай бұрын

Any debt could be trap if borrower cannot service it

@adnancarrim4209 10 ай бұрын

It's Sri Lanka, they are known to bow to China

@jetli740 10 ай бұрын

Sri lank debt to china is 10% of the country loan IMF,Japan, ect own 90% of the debt is not debt trap

@DailyCorvid 10 ай бұрын

Any money you take or give towards China, is a debt trap now because they've destroyed their entire economy and have no chance to rebuild. When the truth comes out we shall see a LOT of bankrupt billionaire in the West who were greedy and stupid. And should have stayed away.

@jeckjeck3119 10 ай бұрын

China debt doesn't help the economy. You are not allowed to pay your own people and create jobs:/

@incognitoadventure 10 ай бұрын

yes but imf and japan interest rate are at 0.1 percent while china is at 2 percent minimum and has to be paid in shorter terms of 5 to 15 years than imf and japan at 30 years..then there are additional conditions in the contract that they can take over the project if not paid..

@jetli740 10 ай бұрын

@@incognitoadventure wrong try again, go to actual site not some propaganda channel. even logic dont agreed with you .1 % would would not enough to cover admin cost. also in 15yrs they make no money, mean their loan worth less than they give out.

@jetli740 10 ай бұрын

@@incognitoadventure I know you wont check it but i help you... srch "imf loan to sri lanka interest rate" 1) Sri Lanka Keeps Key Rate at 16.5% After Clinching IMF Loan 2) result from top list What is the interest rate of Sri Lanka debt? The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 July 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 200 basis points (bps) to 11.00 per cent and 12.00 per cent, respectively.6 Jul 2023

@zulfadhlihakim-jo9xj 10 ай бұрын

the way i see this , china provided the "money" meaning their work force and material to the country and they needed to pay china back with all the cost and interest that they had used...simple as that..

@nexusyang4832 10 ай бұрын

6:12 inflation everywhere…

@gabbyfoo2 10 ай бұрын

Please do a check/balance on the BlackTock company ??????????????????????????????????????????

@nexusyang4832 10 ай бұрын

12:35 perhaps an unpopular opinion but China doesn’t put a gun to the borrower’s head forcing them to borrow money. At the same time where was the west? Or were they all closed for business?

@Travelwithkugan 9 ай бұрын

West Doesn’t want anything from srilanka only thing China need is hambanthota port so they can do deliver shipping Middle East and North America

@CheCosaTesoro 10 ай бұрын

Sri Lanka will never pay it back.

@haivt508 10 ай бұрын

The Sri Lanka's government should learn from their people. No money do not spend and do not borrow from the loan shark (CCP).

@Nam-Villa 10 ай бұрын

Laos is also a member of the Belt and Road debt trap from China

@xmen2130 9 ай бұрын

If you want to know about debt trap, especially Hambantota, check up Deborah Brautigam. If you want to have a feel of Sri Lanka, check up Lee Kuan Yew’s comments…..very interesting is how do 3 engineers build each speaking his own language. If you want to know about Sri Lankans work attitude, look no further than two decades plus ago, Singapore tried to help them by recruiting them for construction work….and why it failed whereas other nationalities are still striving. When you meet a Sri Lankan, chances are he will tell you Lee Kuan Yew admired their country. You will get a strong impression they really love to live in the past….especially in colonial times.

@user-jt3dw6vv4x 2 ай бұрын

Well can you blame them? Sri Lanka once had the right ingredients before the ethnic nationalists took over and basically implemented their own version of "bumiputera". Of course the past was better because the country hadn't been torn in two at the time.

@AlL-jm8hz 10 ай бұрын

Good for the country as it now has investments from India, the US , France etc to compete with China. So thanks to China indeed. Debt trap is a trick against China, and now Sri Lanka gains the traction and attention from the world. Hope the country gets better and better in near future.

@NoFrillz-G 5 ай бұрын

They always had finance from the other nations which put them in perpetual debt for almost a 50 years.

@desmondkwang5945 9 ай бұрын

CNA miss the point. In building a white elephant, both the creditor and debtor loses. Politics are the core of the problem. Governments should not get involve in commercial matters.

@happymelon7129 10 ай бұрын

😂 During the 70's 80's .. U$A to EU : We should not invest in China , bad system , need to punish . EU : OK , agree But after that, it is the U$A companies rush into China to make tons of profit , EU so dxmb.🤣

@jetli740 10 ай бұрын

Russia LNG is bad, Usa lng x4 price is good... EU got no brain

@amubi 10 ай бұрын

African and many poor country being in debt traps for many decades from loans by IMF and western countries.

@ranger77554 10 ай бұрын

This report failed to cover corruption surrounded around chinese projects such as if invested 100 delivered value around 30 according to SL government Auditor General. So its borrowing had bad impact on social value by corrupting whole society. Thats the very reason for bankruptcy. So this report failed to show real reason behind it. I am Sri Lankan that's the ground reality.

@jetli740 10 ай бұрын

can you list out sri lanka debt % ration to china,imf,japan ect

@ranger77554 10 ай бұрын

@@jetli740 i can but its big pic difficult to upload. If you asking how China debt impacted SL economy. China gave 6%+Libor almost 10-15 times higher interest rate than imf or ADB or Japan. Which they give 10-15 years concession period as well, most of all no corruption. So 100 spend come to economy at least 95.Other hand if China gave 100 only value to economy 30 and paying higher interest rate for 100 that borrowed. If you believe in ripple effect and degrading values of the society. Then you know what i told. Not only borrowing all other chinese companies came to country after 2005 and for business they gave bribes. So china not only destroyed the economy but most of all made whole society corrupt.

@jetli740 10 ай бұрын

@@ranger77554 list out sri lanka debt % ration to china,imf,japan ect dont try to skip the question i ask

@ranger77554 10 ай бұрын

Are you from china pr?😂😂 you don't show me thug attitude you show to your country people. You can buy media but we live and we know whats happened to Sri Lanka from 2005. Show those thuggery to your own people not us. This is how China behave after giving loans they think they own people also. China is the biggest bilateral lender with around 15%. Calculate with commercial interest rate and corruption around it. We paid for that 15% more than 60% in total. Don't forget you charge 100 for 30 real value.

@rainboworiental9521 9 ай бұрын

Bad governance, just like the former president wants to use the government funding to bring some inefficient projects to his hometown instead of a more efficient place. I think this documentary already explains in another word

@sarangawalimuni4955 10 ай бұрын

Folks already forgotten SL was bankrupt

@Kaile1789 10 ай бұрын

Yeah it was.. Not now

@sarangawalimuni4955 10 ай бұрын

@@Kaile1789 Once bankrupt it's bankrupt

@Baby1245 10 ай бұрын

Maybe a Build, Operate, Transfer (to government) ... Infrastructures such as power plants, toll gated hiways or bridges, etc. PROC Banks are not Western Banks...there is no debt restructuring... Default and they will take possession...so just BOT.

@buddhiwijerathne9821 9 ай бұрын

100% true

@___beyondhorizon4664 10 ай бұрын

The way the last speaks, sounds like the CCP has something on him that the CCP offered the best deals

@slc801 10 ай бұрын

When countries borrow money from the IMF and World Bank and can’t pay back !! Debt trap 🙄

@tkyap2524 10 ай бұрын

It's easy to make someone else the bogeyman for one's economic incompetency. A creditor wants repayment of the loan and not to trap for other things (collaterals are not debt traps).

@Ame_no-seirei 10 ай бұрын

Looks like this bogeyman performed stunts not only in srilanka but also in Pakistan,Laos, Kenya , Zambia 🤭

@Ame_no-seirei 10 ай бұрын

+ bogeyman sidekick is busy in comments section 😅

@maftab3818 10 ай бұрын

Dollar debt trap

@redbeansg 5 ай бұрын

90% of Sri Lanka's debt is owed to the western banks and IMF. Now with Hantambota Port being leased to China, it has become a revenue generator to Sri Lanka with China paying rent to Sri Lanka. So Sri Lanka's debt to the West is now 100%. Owes nothing to China but with China paying rent to pay the debt to the West.

@basshunterdota625 10 ай бұрын

BRI is a way for china to export its workers and give them employment rather than local people and companies.

@basshunterdota625 10 ай бұрын

@@andyjo8268 what ? 😂😂 ,in BRI projects workers are all chinese .

@MSDGroup-ez6zk 10 ай бұрын

@@basshunterdota625 LOL So how about Japan who lent money to India to create a High-speed train? Has Japan sent no one from their country? Japan has money and expertise, so it is all up to Japan to do what it is best for its business. So does China, the USA, the IMF, European etc.

@DavidDavid-lp2tc 9 ай бұрын

Donot borrow!

@earthtothe9791 9 ай бұрын

Sri Lanka debt 10% to China with low interest, 90% to west and its allies with high interest.

@Usmcpantera 6 ай бұрын

More like belt and rust

@eklim2034 10 ай бұрын

belt and roped

@dhanapalagodage6920 10 ай бұрын

Too late to realize.

@sanjayafernando4534 10 ай бұрын

What is a debt trap & what exactly does China gain from it?

@Travelwithkugan 9 ай бұрын

It’s gonna take control whole port city rest of 99 years 😢😢

@sanjayafernando4534 9 ай бұрын

@@Travelwithkugan frogs like you in the well have no idea about global scale of Chinese investments, port of Melbourne in Australia is leased to China for 99 years 🤣🤣🤣what more to say, Sri Lanka is just a drop in the ocean for China😂😂

@Travelwithkugan 9 ай бұрын

Srilanka is gonna be under china rest of the generation 100% I am sure unless india come help you guys up or no way of coming out China gonna get the whole country lease

@genie4005 10 ай бұрын

Is CNA a mouthpiece for the West?

@newsworld4735 9 ай бұрын

Even Chinese channel using Indian reporter

@ChinaDylan 10 ай бұрын

Is it politically correct to criticize every move from China? I wonder if things would be better without any investments for Sri Lanka. How about the influence from US's currency? Do you have any idea how much damage that creates to the rest of the world, high inflation, etc?

@radixdol 10 ай бұрын

"spoiled for choice" 22:17

@happymelon7129 10 ай бұрын

@mikerussell3298 10 ай бұрын

No the IMF loans were the problem., could not be repayed. China just leases the port in Sri Lanka - CNA insider peddling anti China propaganda again, how much does the US pay you to do this?

@xxoo-lp6vc 10 ай бұрын

pay by Singapore taxpayers, but need to follow western agenda. Sad for Singaporean.

@venkybabu8140 9 ай бұрын

Srilanka is a difficult country and they fight for fighter fish of oceans. And some deep blue whales.

@semanadelherrero 10 ай бұрын

😂😂This is complete nonsense. Sri Lanka's largest creditor is the IMF, with the United States and Japan being the largest, so it is not caused by China at all. Western media are really good at making up stories.

@Travelwithkugan 9 ай бұрын

China gave 7 billion something