Gravitas: Philippines to exit China's Belt & Road Initiative | An embarrassment for Xi? |

Gravitas: Philippines to exit China's Belt & Road Initiative | An embarrassment for Xi? | | Gravitas

Рет қаралды 312,109

8 ай бұрын

Chinese President Xi Jinping's dream project, the Belt and Road Initiative has suffered yet another blow. The Philippines has decided to exit it. With that, it has become the second country to do so after Italy. Why are countries pulling out of BRI? Is this the beginning of the end of BRI?
#bri #xijinping #gravitas
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Пікірлер: 1 800

@realsteel8113 8 ай бұрын

Good for Philippines 🇵🇭

@premudar 8 ай бұрын

America will already help you, isn't it?????? too many of you still believe in fairy tales!!!!!

@rm_alfaro 8 ай бұрын

@@premudar Nope, the Philippines is partnering with Japan for the railway project!

@maxyl12 8 ай бұрын

why you sound angery? this is jsut pure business@@premudar

@NEOSCISSORSJAGUARPRIME 8 ай бұрын

@@maxyl12SIR, HE IS A WUMAO LOSER, NO WONDER HE IS SORE😂😂😂

@littlesenorita1488 8 ай бұрын

@@premudarthere are countries other that China and America. Most of our infra projects are funded by Asian development bank and Japan (JICA).

@bertdejesus3578 8 ай бұрын

The Philippines did not literally exit the Belt Road Project. Its just that China just did not even start anything on the project and just kept it hanging. It was only right for the Philippines to default the project and seek for other investors. India, Japan and ADB were interested in the project

@silentwatcher1455 8 ай бұрын

As you know, its politics. China doesn't trust Philippines, no reason to lend money for infrastructures. Would you lend money to a person who befriended your enemy?

@HABIBIBIBIBIBI50 7 ай бұрын

I thought this is the downfall of Philippines guess I'm wrong especially Marcos got so much investor from AUSTRALIA JAPAN AND UK and got project from us nuclear power plant.

@bertdejesus3578 7 ай бұрын

@@HABIBIBIBIBIBI50 Philippines is far off from going to a downfall without the China Investments. Our true heroes are still the OFWs who remits billions of dollars to the Philippines coffers. As for the Nuclear Power Plant, i am all for this, but will it translate to lower cost of Electricity? And all the renewables are cheaper to install but is it reducing our electric bill? The way it is our ERC is so corrupted it needs a total revamp.

@RRRosadino 7 ай бұрын

Philippines is literally exit because of West Philippine Sea issue

@gricogary5772 6 ай бұрын

True or not the Philippines should do it earlier, we know china can't be trusted

@des-ex-diver 8 ай бұрын

Good for the Phillipino people. The people see the light

@koksiongseo6114 8 ай бұрын

Philippines pulling out from BRI shows that there is freedom to choose.

@ricoblancovmb 8 ай бұрын

Yes absolutely we dont rely on cheap products and infrastructure.

@allkindofstuff5565 8 ай бұрын

Free china west sea from Philippines

@ricoblancovmb 8 ай бұрын

@@allkindofstuff5565 China have sea on west Ughyur crying on you haha

@2ry1n 8 ай бұрын

Here comes Sara!😉

@blackwingz0910 8 ай бұрын

Because China delayed always the infrastructure..2018 is the beginning of construction but until 2023 nothing gonna happen of infrastructure funded by China

@darwinqpenaflorida3797 8 ай бұрын

There are some alternatives for Philippines in infrastructure projects:Japan, India, South Korea and Indonesia

@yusufmuhammed412 8 ай бұрын

Those are pro Western countries and which are bound to fail being America not a reliable partner.

@jdc3695 8 ай бұрын

Maybe.

@user-yo9jo2fy5e 8 ай бұрын

Indonesia? They are xin's debt slaves

@kamelyoj3711 8 ай бұрын

Japan and South Korea

@darwinqpenaflorida3797 8 ай бұрын

@@kamelyoj3711 Japan is the most because some of them are using Japanese technology

@PhiloSurfer 8 ай бұрын

You must be so happy that the Philippines is exiting BRI.

@Batman19203 8 ай бұрын

Huge respect for the Philippines' independent thinking! This is the beginning of a great journey for the nation!

@eish3291 8 ай бұрын

Let's see if independent thinking is now going to get Japan or other countries to help them build their country free of charge.😅

@Batman19203 8 ай бұрын

@@eish3291 Independent thinking is when you know that 'nothing' comes free of charge :)

@hakhaimo 8 ай бұрын

@@eish3291 Why free of charge? The Philippines can afford paying its own loan, thank you very much. Much of railway projects in the Philippines are funded by Japan.

@noelgreg24 8 ай бұрын

@@eish3291as if China's infra is being offered as free of charge.😂

@ratapornpongsawarn9256 8 ай бұрын

@@eish3291Mahilig ka siguro sa libre when in fact Philippines can pay billion pesos for its infrastructures

@zzzzzsleeping 8 ай бұрын

Among ASEAN nations, The Philippines don't have much infrastructure financed by Chinese death trap loans. Many years ago, Malaysia warned the Philippines on the Belt and Road initiatives of China. Instead, The Philippines stayed with Japan. Their infrastructures like the big subway project is financed by Japan at a very low-interest rates of .001%. One reason why Indonesia, Malaysia, Singapore, Cambodia, Laos, and Thailand are silent OR DUMBFOUNDED in the issue of the South China Sea is that they are in the pocket of China. Every man for himself. The Philippines are not getting support with the Asean, therefore she has to secure her sovereign right by all means ..... herself. Vietnam will do the same.

@ratapornpongsawarn9256 8 ай бұрын

Debt trap not death trap😂

@zzzzzsleeping 8 ай бұрын

@olivercharm9256 it's a death trap - everyone knows debt but the high interest rate will kill you to death. It's a sarcasm.

@ratapornpongsawarn9256 8 ай бұрын

@@zzzzzsleeping Ok agree

@lvjinbin28 8 ай бұрын

Because the 153 BRI countries are all fools, they must be China's military colonies, so they are forced to not choose best Western and Japanese loans. Hahaha

@jesussucgang3040 8 ай бұрын

Inflate Communist China Flag 🇨🇳 and See the RED two(2) eyed beast with eight(8) horns See Geography Taiwan will be taken by force to complete the second eye of the dragon. 1.about to swallow North Korea 2.about to swallow the Lion Philippines the Lion Manila and Luzon FOREHEAD Palawan Island SNOUT Panay Island the EYE The Lion with Three(3) Stars The Official Seal of The Office of The Philippines President Scripture: Revelation 12:4 New International Version 4 Its tail swept a third of the stars out of the sky and flung them to the earth. The dragon stood in front of the woman who was about to give birth, so that it might devour her child the moment he was born.

@czuskitcariaso2876 8 ай бұрын

As a Filipino I welcome this as a very good news, we do not need funding from china which is notorious in using their projects as debt traps, their infrastructures are not durable and will only generate few jobs as they always tend to hire their own people and use substandard materials. This is a very good news

@HassanHosseini128 8 ай бұрын

Which good news? Debt traps are welcome from us. All the show is designed and played by us a country that has milions innocents humans blood on her hands. China har never fell a bomb under last 40 years, is a friendly country that despite us does not babble but act really with many examples in different countries.

@joeldaganasol6145 8 ай бұрын

Tama kabayan

@eish3291 8 ай бұрын

Good, go to the IMF and world Bank then see what a real debt trap looks like.

@XTreachery 8 ай бұрын

@@eish3291dont cry insect

@animewarrior7 8 ай бұрын

so true

@slavaUk22 8 ай бұрын

no to debt trap yes to 🇯🇵 support for 🇵🇭

@buravan1512 8 ай бұрын

From CHINESE DEBT, to Japanese DEBT 😂?

@stevechua174 8 ай бұрын

Better loan deals from Japan and US????

@WorldSpaceRace 8 ай бұрын

Pay triple and will wait for a decade or so.. Slow boat to Japan... Indonesia already reach the moon... Lol

@user-pt7dw2fu6q 8 ай бұрын

Japan is sinking too. Japan will not give big credits to Philippines because the Administration is WEAK

@buravan1512 8 ай бұрын

@@user-pt7dw2fu6q first of all, CHINESE DEBT TRAP DIPLOMACY, is a US invention, created by Mr MATTHEW POTTINGER... this is the same Guy who have been going to all EU Countries, asking them to stop using HUAWEI Equipments "in the name of Security" this is what US calls : Detering CHINA.

@dradcruz2721 8 ай бұрын

Because Philippines are not crazy to continue dealing to China with big percentage of interest rate. Look what happen now in Srilanka and other Countries in Africa.

@mejust8392 8 ай бұрын

SriLanka's mismanagement of their country wasnt China's fault. So is Phillipines'. You guys select your own leaders, not China.

@Unknown-np7wd 8 ай бұрын

@@mejust8392stupid!

@ronchristiantenala4056 8 ай бұрын

@@mejust8392ok Commie

@luting3 8 ай бұрын

China interest rate is the lowest and no political strain attached. Why it is debt trap not the others?

@wilsontiu9158 8 ай бұрын

Yeah and look at Indonesia too.

@norlliesadio1054 8 ай бұрын

Possible debt trap in the future if they allow that.

@AngelinaCervantes-bf7og 8 ай бұрын

GOOD CHOICE PHILIPPINES🎉🎉🎉🎉🎉

@obfuscatid 8 ай бұрын

At least they aren't "neck deep" in debt.

@MysteriousChase092 8 ай бұрын

yes, because PH has lesser external debt compared to other countries. Its debts are mostly domestic and they pay their debts as soon as they have the money to do so

@littlesenorita1488 8 ай бұрын

@@osteichtyes. All countries have debt. But there are two types of debt. Internal and external. Just search what it means in google.

@danilojambalos7575 8 ай бұрын

Excellent move of our President Marcos, keep up a good works.

@rolandrolandtsangkwaikewts5149 8 ай бұрын

President Bong Bong Marcos's decision to leave the Road and Belt initiative under American pressure is nothing more than a trade off between Philippines and the USA. Joe Biden is luring Bon Bong so that in a near future the Philippines government can recover late president Ferdinand Marcos" billions of US $ assets which have been frozen in US banks for the past 30 years! "Chassez le naturel, il revient au gallop"(Chase away the natural, it comes back at a gallop). It is in the gene of the Marcos family hen it is a question of money! ! The Filipino people must open their eyes! Roland Tsang kwai kew

@RatTerminator 8 ай бұрын

Congrats Phillipines!!🇺🇸

@francodaine2415 8 ай бұрын

wrong flag :(

@RatTerminator 8 ай бұрын

@@francodaine2415 Letting the Philippines 🇵🇭 know we're with them 🇺🇲

@bummies1 8 ай бұрын

Congratz bong bong marcos! A bit different with nethanyahu. B. Marcos in SEA, bibi in mid east

@johnli6430 8 ай бұрын

@@RatTerminator letting Philippines know that we are "tuta" of US? Lol Hoy Gising! Juicekolord

@RatTerminator 8 ай бұрын

@@johnli6430 What the hell does that mean??

@huangtsingmeow7368 8 ай бұрын

Good for the Philippines

@rodelrealosa9171 8 ай бұрын

Good for the Philippines 🇵🇭

@michaelsiscar8752 8 ай бұрын

China will not support philippines to its progress coz it will give them problem in the future with regards to wps issue

@schloops8473 8 ай бұрын

china is invading their territory and constantly threatening them, "michael" the wumao

@tuckerjohnny9351 8 ай бұрын

It's not just about WPS. The a historic war coming. World war 1 -1839 World war 2 -1939 World war 3 -????

@cheerLads88 8 ай бұрын

Its the same with american thats why we need 3rd party for investment japan,india and other like minded countries.

@schloops8473 8 ай бұрын

nothing to do with Americans, wumao@@cheerLads88

@alroberts193 8 ай бұрын

who cares about China. China is now bankrupt.

@rainieresguerra6519 8 ай бұрын

China supposedly promised the Philippines 24B-26B dollars in investments and loans. The projects which were supposed to be funded by Chinese loans and investments were very critical to the Philippines. However, China delivered so little and the projects didn't took of beyond the drawing table. There's now talk that China merely hoodwinked the Philippines so that China would have an easier time solidifying its presence in the South China Sea as the Philippines tone down their response to China's expansionist moves in the region. It seems that China deliberately baited the Philippines and sabotaged the growth of the Philippine economy which was powering ahead in the region. Had China not promised to finance the projects which were very critical to Philippine economic development, GDP Growth and job generation, the Philippines could have already sourced funding elsewhwere and the Philippines would have had higher gdp growth and lower unemployment in the last couple or so years.

@cimonkien9833 8 ай бұрын

I am friend to some Philippine. For some reason, they don't like Chinese but impress the Chinese work ethics. Why the Philippine people retain the colonial mentality mind sets? This is liked if you slave and oppress them, they comply.

@lemoneyd_ 8 ай бұрын

Very well explained. If Filipinos didn't vote that old guy that doesn't really care with the lives of the Filipinos, we could have been in much better situation now.

@Vsm426 8 ай бұрын

@@lemoneyd_we voted him because he did care only shows that you know nothing or not a citizen or your a yellow fanatic

@seawater1322 7 ай бұрын

last few years? How long has the fking philipines been a mess? 35years and nothing has really changed in the phillipines and yet you blame china?

@luxinyu Ай бұрын

You have replaced the pro American president

@piaheartsjmj1708 8 ай бұрын

Im proud of my country to exit it. 🙏🏼🇵🇭 God bless and protect us from any debt traps. We can still trust other countries,like Japan who had projects with our country ,who can be Trusted for making safety roadways & establishments.

@luxinyu Ай бұрын

Do Japan, South Korea, and Philippines have cash payments for investment? If not, loans are needed, and loans cannot avoid debt traps

@quitoskyt6619 8 ай бұрын

It was seen and too observe that infustructure projects in the Philippines ink with chinese companies DO NOT HIRE local Filipinos workers to build the project But only Chinese workers.

@scalemodeltutor9841 8 ай бұрын

Because there are no more jobs in China, so they created belt and road initiative to give Chinese workers some jobs and gaining profits from the loans that they gave,not wa win win situation for China and lose lose situation for the loaner . No sane government would agree to that arrangements.

@Illusion517 8 ай бұрын

They have no one but themselves to blame. The Philippines and Vietnam of all countries both have very understandable reasons to not like the U.S and yet China's absurd foreign policy in the South China Sea is pushing both of them towards the U.S.

@sionefolau1509 8 ай бұрын

More slums for the Philippine

@mikek0135 8 ай бұрын

Vietnam, yes, but the Philippines doesn't really have much reason to not like the U.S. The Philippines actually has alot of reasons to be friendly with the U.S.

@anemonaloco 8 ай бұрын

I personally don't think Vietnam has any reason to be inclined to China. China and the USSR's influence during the war in Vietnam made things even worse, When both US and Vietnam could have negotiated peace earlier, tensions rose and all ended up waving a long and costly war. and after the war, Vietnam was left with the US blockade while China couldn't even afford to help Vietnam to go back on their feet. fortunately the relations between Vietnam and the US have changed for good. Vietnam could become a very developed country if ever they carefully choose their allay this time. for the Philippines there's not closer ally than the US. the Filipino and the American share common values. The Philippines is historically the most Western country in Asia and drifting away from those strong ties with US would be pure nonsense. Philippine-US cooperation is a must for both countries.@@mikek0135

@yadermendoza-dg1pu 7 ай бұрын

Let's look for the list of Phillipines massacres done mainly by American and Japan forces. Local scholars call these massacres genocide, but American academics use a light, euphemistics concept, they call them "democide". Althought they admit the killing I think they try to wash the blood in their hands considering the killings as innocent and unintentional acts, a terrible but necessary mistake. "In domestic democide, such as lynchings, the American government was probably indirectly responsible for around 2,000 killed since 1900. But in foreign wars, the American military may have killed hundreds of thousands of foreigners in cold blood, virtually all civilians, and the greater majority of these by bombing". University of Hawaii

@yadermendoza-dg1pu 7 ай бұрын

After reading some comments I think some Phillipines citizens don't know their own history. Are current filipino students not learning from the past, the well docummented and planned destruction of the hispanic heritage and the list of massacres done by North Americans military during and after the Spain-American war?

@leichen8000 8 ай бұрын

As China has already stopped funding Philippine for BRI projects, the only thing Philippine could do was to exit from it. Not anything to be excited about.

@BatAskal 8 ай бұрын

Yet a lot of china trolls are butt hurt. 😂😂

@huanghermann5207 8 ай бұрын

In this case, India should step in the vacuum and do these jobs for the PH, not just talk about it day in and day out in Wion

@paulnicola4019 8 ай бұрын

Well said@huanghermann! Indians are known to speak a lot, and actions zero!(when they are in group they are very strong) Modi is friend with everybody(all countries) because he is a coward! Look, what he is doing in India, introducing the non-conversion law, forbidding Indians from converting to other religions. What a good 'old man, he is!

@ColoniaMurder20 8 ай бұрын

Japan alr working for industrial plan in the PH after japanese manufacturing in china leaving.. and U.S. plan build nuclear reactor in the PH. China is losing access rich metal resources in the Philippines.

@2010gq 8 ай бұрын

Aske India and Vietnam about the infrastructure Japan built for them, It was over budget and 5 yrs delayed, and China has to come and rescue Vietnam after the Bridge Japan built colleps. China doesn't need PH NR they get it from Indonesia and Vietnam@@ColoniaMurder20

@LuisCruz-ne5wo 8 ай бұрын

@@ColoniaMurder20Philippines should likewise take advantage of its deuterium reserves to manufacture environmental friendly missiles or to be used for energy.

@Skip-Kilat 8 ай бұрын

@@LuisCruz-ne5woenvironmental friendly and missiles do not belong in the same sentence 😂

@masonmason-bk4zh 8 ай бұрын

Good job Philippines. Dont make the same mistake like srilanka

@dennischai4831 8 ай бұрын

Hardly surprising Phillippines pulled out of the BRI. They are always the good friend of the US and so listens to them. Good to pull out now before more things are built.

@timawa22 8 ай бұрын

As a filipino i have a trust issue with china, their words are different from thier actions, keep harassing our fishermen, coastguard, inside on our own EEZ, leterally they have no respect to the philippines soveriegn rights and im glad those project were cancelled im hoping in the future to totally break relation with them including trade and everything. They are not the only manufacturing hub anaymore, thier are many asian countries that philippines can import the same product that we get from china.

@littlesenorita1488 8 ай бұрын

Kaya nga. Unti-unti na nag-aalisan mga foreign company sa bansa nila. Mararamdaman nila malaking epekto niyan sa ekonomiya nila kapag nagpatuloy pa.

@sionefolau1509 8 ай бұрын

How about AMERICA? Responsible for more slums in your country lke india

@yugo6262 8 ай бұрын

Condolences to BRI rest in peace.......💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀

@mabvutophiri5422 8 ай бұрын

Even if the BRI is just for Russia, Iran, Pakistan and China, it will still deliver its intended purposes

@gersonalves8474 8 ай бұрын

@@mabvutophiri5422 Hahahahaha😂🤣🤣🤣 desperate wumao and extremely optimistic. To the point that they are delusional!

@mabvutophiri5422 8 ай бұрын

@@gersonalves8474 which game over bro, aren't you seeing that Russia is thriving despite being Sanctioned

@gersonalves8474 8 ай бұрын

@@mabvutophiri5422 OMG ccPIGS must be really desperate seeking these aggressive wumao on us here. Hahahaha 😂🤣🤣🤣 China is back in the bicycle era! Ching ching!

@YouCantHandleTheTruth. 8 ай бұрын

_"Condolences to BRI rest in peace.......💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀"_ I can smell and see the fear in your eyes, all of you. Bwahaahaha.

@jonisyoutubechannel 8 ай бұрын

JICA🇯🇵 WILL ENTER MORE PROJECTS IN THE PHILIPPINES🇵🇭

@johnsmith-cw3wo 8 ай бұрын

Like in ENDIA ?

@aubreyrose135 8 ай бұрын

Thanx for this video.❤PH

@ronyap9746 8 ай бұрын

Since the Philippines 🇵🇭 decides to decouple from China 🇨🇳 and feel great about it. Most of the agriculture products like durian, bananas, etc and if China decides not to import, its economic consequences will be what Australia has gone through. It would be better for the Philippines look towards the US for its produce to help the poor farmers who would suffer from the fallout

@cidjustinmata6129 8 ай бұрын

European countries will take the fruits and other agri products since the source russia are sanctioned

@seowkhoontan9534 8 ай бұрын

@@cidjustinmata6129does Russia produces fruits that Phillipines produces?. Does European like durians? Do you know the strict requirements in Europe for fresh fruits importation. Know the facts and realities before starting to comment or better still barking

@BatAskal 8 ай бұрын

No problem, there are ALTERNATIVE MARKETS. China is not the only option.

@arteson6093 8 ай бұрын

@@BatAskalChina is a huge market…If some don’t want it….I’ll take it. I’m from South America and China surpassed the US as a top trading partner in some countries.

@BatAskal 8 ай бұрын

@@arteson6093 Nope, India is a larger market and they are developing country + lots of potential to grow. China's population is dwindling.

@mikek0135 8 ай бұрын

A move in the right direction. I hope they keep making moves in the right direction.

@rosaliabonayog0001 8 ай бұрын

Its ok as long as Respect as to helping one another on other way around to continue protecting humanity and our world.

@juniorabuda8531 8 ай бұрын

It's a justice being served to Philippines

@UjwalKhopkar 8 ай бұрын

Respect for philippines📈

@alroberts193 8 ай бұрын

the Philippines knew about the debt trap by China years ago. The question is, why settle for loans coming from China when they knew about the debt trap experienced by other countries like Sri Lanka. Secondly, I read that the interest rates on this loans is around 4 % to 5% & you compare that to the Japanese at around 2% interest rate on their loans.

@ricoblancovmb 8 ай бұрын

Its not even in debt trap issue. But the issue here is almost delay to build and agree on that particular infrastructure.

@deancafe4739 8 ай бұрын

It was during the term of china loyalist duterte that the philippines went towards china despite japan and asia development bank offering much lower interest and longer paying period, prompting corruption allegations on duterte which is probably true.

@wasak03 8 ай бұрын

Because of former president dutards he is chinese lap dog.

@mamercknalu2067 8 ай бұрын

😅

@mamercknalu2067 8 ай бұрын

cuz duterte was brainwashed by xi jinping thru senator bong go thats why they accept the deal.

@procopiomacaspac3087 8 ай бұрын

FINALLY? ITS ABOUT TIME THE PHILIPINES SEPARATE THEMSELVES FRON ANYTHING CHINA!

@avatarairbinder6157 8 ай бұрын

BRI is debt trap infact several project in PH, China demand 3% intrest annually while Jpan offered 0.1% thats y all project halted..

@josephguo6256 8 ай бұрын

US$1=Yan 150 see

@huanghermann5207 8 ай бұрын

Undefendable logic: if Japan is that good, why did PH even consider BRI in the first place?

@avatarairbinder6157 8 ай бұрын

@@huanghermann5207Well D30 did it inorder to please China and hoping for warm ties and 3% interest is unknown to public until VP leni exposed in congress promting congress to investigate..

@avatarairbinder6157 8 ай бұрын

@@huanghermann5207 Currently Jpan and SK are on negotiation and willing to financed d project under ODA with 0.1% interest rates🤣🤣🤣

@pwat6311 8 ай бұрын

Because of Past political agendas..lol

@noelsalem9362 8 ай бұрын

The geopolitical landscape can evolve, and countries may form partnerships outside their traditional alliances. If these nations India, Japan, South Korea are indeed supporting infrastructure projects in the Philippines, it could be a response to China's unfulfilled promises. It's crucial to stay updated with reliable news sources for the latest developments in international relations and infrastructure initiatives.

@jesussucgang3040 8 ай бұрын

@maximaxlowe3594 8 ай бұрын

Another wise Malay saying for the Filipino readers: When elephants fight the deer should not get in between.

@BatAskal 8 ай бұрын

You might be wondering why China lost interest in Philippine projects - it is because Philippines keeps cancelling them anyway. For the past 20 years, Philippines either cancel the loan or stop China projects. They are notorious for bringing their workers from China which obviously violates immigration and labor laws. They are also importing materials that is already abundant in the host country, thus not paying duties, customs and taxes and their contractors are found to not have sufficient qualification and competence to actually satisfy the requirements of these projects - so good luck with the safety and structural integrity of your infrastructure.

@forceonemoto8637 8 ай бұрын

Very good news... one more thing, boycott china products...

@Andy404P 8 ай бұрын

And “Made in China” is the greatest.

@tonychong5965 8 ай бұрын

Have you been sleeping all this while.

@BatAskal 8 ай бұрын

@@tonychong5965plus the fact that Japan's loans have even lower interest, go eat your BRI. 😂

@masekoromeo7919 8 ай бұрын

Please can I ask, IMF and World bank is the money from the west it's okay and you don't pay interest and if you don't pay your loan they let you go ya right? When it comes out of China it's debt trap nice.

@starhawkflyingbright6905 8 ай бұрын

How is it an embarrassment when only 2 drop out of a hundred in the past 3 years?

@nicolassaich1051 8 ай бұрын

Good for the Philippines!

@Erick-ev5zt 8 ай бұрын

India should start building good brand names. Start with affordable android phones since India has very good IT employees. The only problem would be resources as China controls most resources like precious metals and semiconductors. But Philpines can supply India with those minerals that they need. It's high time for India to take the lead. It just landed a rover on the other side of the moon where no other nations could do.

@AllenNail 8 ай бұрын

India is currently the most powerful country and can provide assistance to all developing countries.

@darkevilazn 8 ай бұрын

It certainly has the potential to become the number 1 economic powerhouse in Asia, and directly contend with China. It a population comparable to China, but its got a long way to go when it comes to the tech manufacturing.

@jimpaoloabalde5427 8 ай бұрын

PH and India could team up with Taiwan for those semiconductor chips...

@albertchua5151 8 ай бұрын

Japan has railway project in India, what is the result?

@rajeshkumarm6441 8 ай бұрын

Failed 🌟😀

@josephguo6256 8 ай бұрын

will be completed in year 2090.

@nanowally23 8 ай бұрын

Japan have subway project in the Philippines and it's going smoothly about to be finish in 2028.🎉

@LuisCruz-ne5wo 8 ай бұрын

@@nanowally23the Japanese are a level like no other. They are such a better alternative than the other. 🎉

@2ry1n 8 ай бұрын

@@rajeshkumarm6441 The route is difficult to build over. Much more pillars to build and rivers wider than the average.

@sidsunnyg15 8 ай бұрын

Well done Italy and Phillippines... More countries need to come forward and boycott China death trap

@darthbiker2311 8 ай бұрын

As a Filipino, I never had any issue with where my tax money went as long as it was spent wisely. I did raise my eyebrows when our traitorous ex-president pandered to China, but I wouldn't mind so much if we were getting a good deal. As it happened, we were being served shoddy quantity at a higher interest rate. All the glitz and glamor we got out out of the pivot to China were a bunch of new condominium buildings for online gambling hubs, communities that got gentrified out of reach, and Chinese restaurants that don't cater to the locals. Obviously , while all that "development" was happening our fishermen were being robbed of their livelihood, and their boats were getting rammed or left out on stormy seas, while the traitor in the Palace did nothing. Filipinos aren't just saying no to the BRI for political reasons. We seriously believe based on everything we see that the People's Republic will never be a friend.

@ronkaiser3091 8 ай бұрын

It's as if that Binondo bridge was a breakthrough? Laughable what Xi and Du30 did.

@YouCantHandleTheTruth. 8 ай бұрын

*USA:* _"comply or face grave consequences"_ *Phillipines:* _"yes sirrrrrr"_

@WorkwithMe287 8 ай бұрын

@@YouCantHandleTheTruth.Both countries self interests align so it makes sense for then to work together. You know whats dumb? Getting caught in a chinese debt trap, crime ridden pogos, drug lords and shoddy infrastructure. Thats the hell hole china’s offering with its BRI. Its clear the philippines and china will never meet eye to eye when it comes to their dispute in the scs, so common sense dictates the philippines should steer away from anything that will have them indebted to china. But i guess common sense is not common in your neck of the woods. Lol

@darthbiker2311 8 ай бұрын

@@YouCantHandleTheTruth. better the US than an outlaw nation like China.

@lvjinbin28 8 ай бұрын

When your country becomes Ukraine, you know Yanukovych is smart and Zelensky has no idea about geopolitics.

@user-vf7rr1zh7c 8 ай бұрын

India media learns from western media

@reynantealtovar5102 8 ай бұрын

Good decision for the Philippines

@rulyddumbrique7846 8 ай бұрын

VERY VERY HAAAAAAAAPPY TO KNOW

@nicasioasuncion3458 8 ай бұрын

Good decisions great job 💯💯💯 Phil...

@tab529 8 ай бұрын

China's ODA Interest Rates is quite high at 3% per year minimum and possibly go up after final negotiation and the deferred payment is less at 10 years compared to Japan's JICA ODA at 0.25 % per annum and 25 years deferred payment then the condition of China to bring workers to do the work instead of Filipinos which usually Japan not doing / asking such absurd conditions For USD 5 Billion Loan it will save Phil USD 150 million a year of interest payment if Japan finance the 3 railway projects. Possibly one of the project will be financed by South Korea.while 2 projects will be by Japan

@ratapornpongsawarn9256 8 ай бұрын

Good job Philippines! Never trust the Dragon which is now alittle worm

@josemarijrzuniga6060 8 ай бұрын

Excellent decision!

@Liriqos 8 ай бұрын

Do not challenge the Philippines with a Marcos as President ,🇵🇭✔️💪🏼

@wilsontiu9158 8 ай бұрын

True. Stay away from the Philippines with a Marcos as President. That's why foreign investors prefer Vietnam, Singapore, Malaysia and Indonesia than the Philippines.

@feg466 8 ай бұрын

Good decision by our Ph. Goverment. They will use materials made by them and let the chinese workers work here. So what they are doing is made in china. Chinese made products though cheap but are low in quality.

@wendell7900 8 ай бұрын

Awesome decision 😊

@tonybarrientos6610 8 ай бұрын

Thank you...

@mockingjones4810 8 ай бұрын

domestic political turmoil in china is the biggest problem

@RatTerminator 8 ай бұрын

Smart moves!!

@aznguy771 8 ай бұрын

BRI stands for the Bait and Rob initiative. Every country should stay clear of it.

@benny341vorques9 8 ай бұрын

That is the right move. Nobody in their right mind should enter into an agreement with the Chinese.

@chngcheehwee5433 8 ай бұрын

Italy Philippines: we quit Usa: let us in 😂😂😂

@kennethdelacruz4444 8 ай бұрын

We rather trust Americans and Japan than Chinese a lot of African countries falling to there debt trap of China we are not dump like other African countries

@MysteriousChase092 8 ай бұрын

Us don’t offer anything in terms of infra in PH. PH decided on Japan with less interest

@chngcheehwee5433 8 ай бұрын

@@MysteriousChase092 usa need BRI for their infrastructure upgrade

@bananarepublic1339 8 ай бұрын

was Philippines ever in BRI?

@deancafe4739 8 ай бұрын

It was, during the term of the former and corrupt president duterte.

@ratapornpongsawarn9256 8 ай бұрын

@Didi4954 8 ай бұрын

I am so relieved.

@joezhou2346 8 ай бұрын

You know why some countries are so behind?

@ronaldopalero704 8 ай бұрын

Good bye debt traps!!!! Welcome Japan and U.S.!!!!

@sionefolau1509 8 ай бұрын

For more debts asked japan and the African countries the Caribbeans and the Sourh Americans. More slums created agazin

@AllenTolbert-ld9ms 8 ай бұрын

Great True Reporting

@RandoPolitics 8 ай бұрын

Thank you for all your hard work, WION!

@happymelon7129 8 ай бұрын

140+ countries will be happy PH pulling out and India not in the party.

@chunchun-maru 8 ай бұрын

Wahooo

@johnli6430 8 ай бұрын

154 countries upon be exact

@chad_dogedoge 8 ай бұрын

Why Philippines pullout??? The loan has very high interest rate , the construction will only benefited China since all of the employment will be 100% Chinese , all of the supplier are Chinese. Plus all of their project were substandard and very unreliable unlike the Japanese counterpart.

@08akaneshi 8 ай бұрын

substandard is old thinking

@wilsontiu9158 8 ай бұрын

But the Philippines' biggest neighbor, Indonesia has a successful speed train system project with China which is currently operational. Why did Indonesia applied for a Chinese loan if it really is a debt trap? Indonesia's speed train system is the fastest in South East Asia.

@08akaneshi 8 ай бұрын

@@wilsontiu9158 in addition to that it is shared technology thats why its a good deal for the high speedtrain of indonesia... i think the reason for that indonesia have more balls to defy usa.. and they are not vassal state of usa

@criscastro8055 8 ай бұрын

You can not win countries by bullying them.

@randyvaliente 8 ай бұрын

Oh wow!

@nolandelapena5044 8 ай бұрын

Thank you the Philippines was able to avoid the debt trap by china with higher interest rate ,compared to Japan , Korean and World Bank funding.

@budisuwandhi6818 8 ай бұрын

BRI is China helping other countries to build infrastructures , if country dont want China help its ok , other countries queing to join BRI.

@osteicht 8 ай бұрын

in exchange they will steal their territory? the hypocrisy lol, no wonder lot's of countries complaining.

@Jedo-Aruku 8 ай бұрын

Helping get higher interest rather. Such a greedy country full of worms.

@budisuwandhi6818 8 ай бұрын

@@Jedo-Aruku do you know how much IMF and World Bank Charge for Loan interest ?. It depend on countries about 7 - 35 percent interest rate and China only charge 3 - 3.8 percent interest rate with 20 to 30 years loan tenor.

@devildog3800 8 ай бұрын

Respect!!!

@danpetrescu4915 8 ай бұрын

Both country give prosperity and peace for misery and war

@deathbyathousandcats 8 ай бұрын

So many crying chinese in the comment section

@kevinurban1303 8 ай бұрын

They cry because their plan to take over the world is not working out well.

@bluewaters1991 8 ай бұрын

Is the Philippines a part of BRI? I thought it’s a province of China during Duterte’s reign.

@lamarcalewarts1155 8 ай бұрын

Not anymore

@danilosorallo4701 8 ай бұрын

It's a matter of establishing national dignity... We are also a thinking people...We are also intelligent... GOD bless us...

@User-210zxm1 8 ай бұрын

VERY GOOD PH!!!!

@ahvidaneidavirgilluminous8754 8 ай бұрын

While these withdrawals, new bloods coming in mainly central and west Asia and to Africa

@eyez33 8 ай бұрын

Yeah, countries whose economy are in deep trouble. China will lend you money then eventually will own your country😅

@schloops8473 8 ай бұрын

... and 2 years from now, those countries will see behind china's mask and "like" it just as much as all china's neighbors "like" it

@rulyddumbrique7846 6 ай бұрын

EXCELLENT DECISION

@VenerandoMoore 8 ай бұрын

The bully is rejected😅

@ginebra86 8 ай бұрын

If Italy wants out of BRI Project they must not need to wait till December to Decide, it is US PRESSURE that dictate ITALY Decision, not a big deal. 152 Countries Joins BRI.

@deangomez9268 8 ай бұрын

The former Philippine president Do Dirty was the only fan of xi bri economic plan. Even his economic managers were very hesitant in doing mega-project deals with the ccp of xi. The whole business community was very wary of xi's questionable business dealings with several other countries.

@YukiZero 8 ай бұрын

Pinklawan spotted 😂

@CODEX-tx5nr 8 ай бұрын

@@YukiZeroICC is waving. Cry loser 😂

@bagangbagang2143 8 ай бұрын

@@YukiZerototoo nmn sinabi nya,nagsisi nga ako bakit ky duterte ang boto ko eh puta tuta pala ng tsina.

@constructiongabay4609 8 ай бұрын

Dutertes friends now are already billonaires.

@axizcorp 8 ай бұрын

@@YukiZerobobong dds spotted

@reajanugay1240 7 ай бұрын

Ok very good don't imbest to to China

@lakshminandula5303 8 ай бұрын

👌

@ascrein5247 8 ай бұрын

These countries politicians are smarter than the other nations. Or basically the ones in charge at least.

@davidong5240 8 ай бұрын

It is not an embarrassment as much as you like to think it is, from a geopolitical standpoint of ASEAN centrality, is in reality against the interest of Filipino being deprived of the badly needed infrastructure to assure Philippines economic growth and development.

@joshuam.6027 8 ай бұрын

would you rather get substandard rushed made infra or the exact opposite of that??

@Socrates21stCentury 8 ай бұрын

United States will step in, much better than anything China could deliver! USA

@irenechan7193 8 ай бұрын

Is not a big deal. Another 50 countries want to join!

@lorenzoaberilla1090 8 ай бұрын

It is welcome development.

@tofanchung9371 8 ай бұрын

Philippine considered himself as a developed country, like US, EU,Jpn,Aust,and SKorea.These countries don’t need Chinese BRI.This is what Marcos think about his country as the most prosperous country in SE Asia,???

@letitgob4ugethurt666 8 ай бұрын

Stupid, we aint biting a fish bait with sweet meatballs. In addition Philippines have more gains from our allies like Japan Australia and u.s, if we will be sticking to them e.u will also be feeding our interest. They would be investing in our country. In reality u.s has more rich business man than china. Having Japan and u. S the first and third biggest economy investing in our country will be far beneficial than sticking to an aggressor.

@johnli6430 8 ай бұрын

Yes ! Laughable indeed . DELUSIONAL is the word.

@sran5947 8 ай бұрын

The supposed BRI projects were signed during the past administration but after several years has not moved because funding was not released by China. These projects are very important for the continued progress of the Philippines and the government cannot simply wait a few more years without certainty

@merrick6484 8 ай бұрын

BRI is like a one stop shop for Railways, highways, Telecommunication, 5G, Ports, Schools, Hospitals, Residential & Commercial Developments, Dams, Power stations and Stadiums. Best part of it, you can shop around and apply for finance for these infrastructure. 145 countries participated, many countries are wealthy enough and don‘t need to apply for finance, while some poor countries thought its a FREE hand out just like old school European donation. Thats where the problem comes in. However, luckily only few countries can not keep up with the payment, yet China is providing another 800 billions to boost the initiatives this year. I can understand why Italy was pulling out, because they are well connected to European Railways and Highways already. BRI just an option. Italy can built it themselves and pay for their infrastructure on their own. Remember, BRI is not a FREE donation, and China can not force any country to built a High Speed Rail if they the receiving country doesn‘t want to. So, whats the issue? Philipine can take it or leave it, China doesn‘t even care.

@merrick6484 8 ай бұрын

One of the most profitable BRI project is the Trans Euroasia Railway. The number of cargo trains between China and Europe has broke the record again at 10 000 trips just before end of July 2023. Normal sea freight will take 31 days to reach either side, but it has cut the transport time to 16 days only. German car makers has use this railway heavily to export their cars to China, and Chinese products are quick to service its customers in Europe, even to Italy.😂 The countries from Central Asia and Eastern Europe alone side this railway route has benefited greatly as well. Kazakstan can export their energy and minerals to both China and Europe, where they used to be a landlock country. In the near future, even Vietnam, Laos, Myanmar, Nepal and Pakistan can export their products to Central Asia, Russia and entire Europe, and vice versa. You never hear Kazakstan, Germany, Holland or Turkiye complain about BRI, do you? Or heard about Debt Traps by these countries do you? They are busy making billions Dollar transactions and benefit from it.

@merrick6484 8 ай бұрын

Regarding Finance. China still hold 800 billion dollars in US treasury bond and selling off as fast as these contracts are matureed, average at 100 billion per months. Instead of investing their foreign reserve in US and boost US economic, and let US turn this fund into weaponery against China. China rather pull it out and invest in Developing Countries. If you ever worry China will run out of money to invest in BRI, thats basically impossible because they‘re still enjoy their export surplus, besides their 800 billion usd in reserves. China is not India. Once again, BRI is not a FREE donation, China is receiving their money back with interests from lenders who are doing well. China is the Banker. In fact, China used their money withdrew from US and invest heavily in Asian Development bank as well. China is actually the largest lender, while India is the largest borrower from Asian Development Bank. So, guess who is actually financing Modi to build India‘s first high speed rail? 😂

@raymonddon8875 8 ай бұрын

china helps... others hurt!

@griffinpixo264 8 ай бұрын

Why you hurt😅 don't mind the philippines😂

@kenstravels4922 8 ай бұрын

Philippines cozied up with china but many pf chinas promise was not realize so why stay with china when their is japan and thw west

@jimwood300 8 ай бұрын

Good for both countries 😎

@YouCantHandleTheTruth. 8 ай бұрын

*USA:* _"comply or face grave consequences"_ *Phillipines:* _"yes sirrrrrr"_

@youcantalwaysgetwhatyouwan6687 8 ай бұрын

You might be a mainlander Chinese pretending as a British person defending China on social media

@YouCantHandleTheTruth. 8 ай бұрын

@@youcantalwaysgetwhatyouwan6687 _"You might be a mainlander Chinese pretending as a British person defending China on social media"_ Hah??? What's the benefit of all that since I've been paying my 1040s and 540s for the past THREE decades??? And NO I'm not a Brit nor do I even want to pretend to be one. I leave that for you minions to worship.

@Gredd7 8 ай бұрын

Thanx for tackled about Philippines... Were thankful for the suport to our country..

@kennyng2289 8 ай бұрын

An embarrassment? Marcos Junior was the first head of state to visit China in 2023 hoping to improve his country's economy. However due up US pressure, he has to go against China at the expense of improving Philippines economy. His late father has left tons of money in the US which can be frozen if he doesn't work with US. His personal interests comes first, not the Filipinos. It's China that's doesn't want to build the infrastructure for Philippines after having been play out by Marcos Junior. Let's see how well Japan can build the high speed train for Philippines as they're having problems but building it for Vietnam Vietnam has to approach China for assistance. What was mentioned above was reported by Taiwan's political analysts. This show the reporting in your channel is biased and inaccurate.

@littlesenorita1488 8 ай бұрын

US didn't pressure the Philippines. It's actually CHINA who pressure the Philippines with it's greedy aggressions in West Philippines Sea. US military bases won't be open once again if China aren't acquiring islands within Philippines EEZ. As you may know, US and Philippines have Mutual Defence Treaty. Any external threat will activate it.

@johnli6430 8 ай бұрын

Agreed!!!

@BatAskal 8 ай бұрын

Don't delude yourself. US didn't pressure Philippines after the Filipino fishermen's boat got harassed by the 'brave' Chinese coastguards after President Marcos Jr. visit to China. Winnie the Pooh Jin Pig pissed off Marcos Jr. 😆

@kennyng2289 8 ай бұрын

@@BatAskal What's your profession? Should I believe you or should I believe Taiwan's political analysts? We know that the late President Marcos has accumulated lots of wealth when he was still alive and brought them to America. US can freeze the wealth of Marcos Junior if he doesn't cooperate. Henry Kissinger said, "To be the enemy of US is dangerous. To be friend of US is fatal". BTW, I watched Taiwan's political forums daily where their political analyst discussed the current world affairs. These political analysts are PhD holders and are lecturers from prominent universities in Taiwan. Their forums are watched by 20 to 30+ thousand viiewers worldwide.

@janetmalcolm3403 8 ай бұрын

Bingo! 🎯