Depends on what you consider success. China wins whether the loans are repaid or not. They get good returns and employs its own workforce in the projects. The risks are mostly borne by the host countries. On default they take the collateral for their further expansion across the globe, potentially with a military aspect too. All china has to do is manage their cash flow and lend accordingly.

@@sevurueva5138 This is not the key of BRI. The main goal is to help more countries to develop, so that they will all increase trade with each other.

​@@sevurueva5138You don’t understand how business works. A good business needs rich customers😂

And. For example if basic infrastructure didnt exist how Central Asia would be able to transport it's critical minerals? When you set up the ecosystem the host countries will reap the benefits of circular trade eventually.. no wars no human destruction presumably. That's why XiJinPing opening remarks were about.

It is saddling countries with debt. How should we not worry?

I because this isn't for the masses who need to be taught to hate or fear China. This is for investors, not the plebs...

Financial Times is actually a wumao 🤣

Objective!!! There is no such thing in the western corporate media, ALL propaganda dear.

Lol yeah

The FT is a pale version of what it was: it didn't see the 2008 banking crisis coming, predicted the UK wouldn't vote for Brexit, forecast the UK would collapse if it did leave the EU (look at Germany now!), wasted £98m on making its own website - one that didn't work.. The list is long.. China's $1 trillion spent on BRI - is all gone, with minimal, near-zero benefit to China! Yet Another monster mistake from Paddington Bear! One of so many monster errors, too many to list.. NB. The very last thing developing countries need is 'green energy'!! Just as Europe and US see the error of EVs, dismal wind power, solar cells that fail after five years, cars that spontaneously burst into flames, can't be recycled.. oh the list is endless.. Clean coal with nanofilters on exhausts is the best way forward for all nations. Bloomberg, for example, and the WSJ are infinitely better..

What do you mean? I think HS2 is going to be a huge succes for conservative donors. Imagine all that land being sold to rich Tory donors, then to be sold again for a higher price when Labour wants to finish HS2! They will be laughing their asses off!!

The UK should have joined the BRI. It would have been completed years ago, and on budget....

@@user-gd8cu2xr2n originally in 2014 china china was invite to do the hsr2, china quote around 14b, but politic get in the way china back out... the rest is history with over budget, 2/3 of the line now cancel it similar to the hinckley nuclear power station..

Latest direct freight trains would have arrivals in London, passing 8 countries in EU from China. Faster, cleaner and cheaper than via air or ocean. I dont always agree w China politics but this is abs worthy long awaoted trade hubs projects.. CNA Singapore channel covered the news last week

@@user-gd8cu2xr2n You mean like Hinkley Point C nuclear plant being build by the Chinese? It's 2 times over budget and delayed forever and ever. It's brining UK taxpayers on it's knees.

chinese TROLL.

​@@darthvirgin7157Can't handle the truth eh 😂

The fact that people say that the U.S. saying it does not work proves it works, proves it does not work.

absolutely

They project how the IMF actually is on the BRI

hahaha

Exactly, apparently only on-site journalism has the credibility to do that.

Exactly, you can only imitate something that is working. The only problem is that the EU's project may not be grounded on win win motives like the Chinese version but win loose motives. Americans and the Europeans historically have never had good intentions when interacting with the developing world like the Chinese have done.

Very wise!!! I urge the west to also spend its money advancing the developing world.

That's like saying my dog has 4 legs. Your cat has 4 legs. Ergo my dog is a cat.

Huh? Hopefully EU won't flush taxpayers money down the toilet on highways between "nowhere" and "nowhere".

@@aritragupta4182 The developing world needs infrastructure. If the BRI has loosened the pockets of the EU and US in this regard, that's a good thing. The developing world should be pleased.

sure

@@User55pk46 lol! Your envy and sourgrapes is showing.

It's always good to kowtow early while money is still available. China takes good care of early supporters. Just like Angel investors. You either hit the jackpot or lose all investments.

@@rap3208 This channel is Western-owned, of course, there are a lot of brainwashed zombies that eat propaganda on a daily basis. We should expect that.

Wait until Chinese bully your fishermen. And stop ur ships to force their will.

Vietnam, Thailand, Philippines... Cna insider has a very good documentary on this

Japan's efforts to build infrastructure in developing countries through the ODA program are quite commendable. They prioritize practical assessment and execution, rather than focusing on ideologies.

Probably debt traps.

The India HSR contracted to the Japanese started at the same time as the Chinese-Indonesia HSR, delayed now to 2028. Right now is 4.5Billion over original plan. Expecting more over budget by time of completion.

@@fjz8470 the chinese-indonesia HSR is delayed multiple times, caused numerous deaths, overblown & overbudget. And I kid you not the reason it got finished in the 1st place is because the indonesian threaten to bring the Japanese to finish the project.

she woudl amazing, U$ paid a lot of money for these false narratives.

The problem is: China is playing the countries... The constructions are mainly done by Chinese companies instead of by local ones (one of the main reasons why infrastructure projects are good for any economy, not only the fancy result but also the money pumped into the local economy + building up competence/experience locally). Plus, they reduced the risk for china unreasonably by "if you bail we take over the building" >> with such an approach, the interest rates would need to be zero...

local companies and people have participation in many different ways However. when you have to finish a large (sometimes super large) projects in 3-5 years, Chinese companies and skilled professionals have to be the main force, otherwise these projects could take 10-20 years, or even become failures

@@zhuangdavid5037 Not necessarily - getting Chinese experts (aka expats) and building up the qualifications with the locals - to get a sustainable, long term benefit for the local community (and for china getting a better trade partner) The same way china got and is still getting expats from the west.

@@frankkobold China using its own money to fill its own pocket and get maximum market from BRI. As Italy mentioned china's exports rise but Italy or other BRI members' exports will decrease which increases the Chinese debt rate increase on these nations leading to debt trap crises like Sri Lanka Nepal and many more. The future will tell BRI is a Boon or a bane for the world. But China is a threat to the world from cyber attacks to land sea grabbing to terrorist funding.

Indonesians are very smart. Since it is the first country in Southeast Asia to build high-speed rail and has transferred technology, it can export its high-speed rail parts to ASEAN or the world. Given that Indonesian labor is cheap enough, it is possible that these parts will be more competitive than China.

well said

well said by one of the most active Wumaos on youtube.

​@@JigilJigil So says the most active caster of aspersions on youtube.

did you get your wumao already?@@joem0088

The US didn't start any war since 2003. China has quadrupled its military spending in recent years , is threatening to attack Taiwan, occupies other countries territories in the South Chinese Sea , has numerous border conflicts and tensions with all neighbouring states and is building military bases all over the world.

You call it not anti Chinese, I call it completely non critical. Just letting her speak the official party/government line without bringing up any question.

​​@@frankkoboldYou again😅, your appearence's really cringy

​@@frankkoboldTo forestall a meaningless and annoying debate over rights of speech, I totally respect your rights, but just stop barking around pls, only bc you are not one of those who obtain profits from the BRI.

@@userxY1fP3tHY4Ui1Zs me "again"? can't remember you, where else did we have a discussion? and where was my right of speech restricted? oO and are you considering me pointing out, that she just spoke the party line, with little to none downsides of the BRI (and every project of this size has downsizes, no matter where and by whom), and that the journalist didn't bring up any critical topic? Bc let's be honest, if they would have been critical, the interview wouldn't have been allowed to happen^^ and the whole world can profit from the BRI, that's the amazing part about trade infrastructure in a global world after all^^ so also me, indirectly. but, even China could profit from the BRI in the long run even more, if it would actually spend the money in the countries, and not lend it out with bad conditions (like making a default basically impossible by taking over the structure but still insisting on high interest rates) with basically the condition that Chinese companies have to enact it - instead of being done by local companies, boosting the local economy, building up more wealthy trade partners for China to interact with (especially in Asia, meaning becoming less reliant on EU & USA as export markets) >> this points all wouldnt be anti-chinese, it would just put it in the perspective, that China acts risk avers and focussed on the short-mid term. which would be understandable, but also should be named & admitted :)

@@frankkobold you should fact check what you wrote

West view the countries in Africa as resources. China views the countries in Africa as both market and resources. West prefer no development in Africa because African countries will use more of its own resources if they develop further. China want more development in African countries because those more developed countries will able to afford more consumers goods and that will serve as more markets for China. Everyone is serving their own interest , however as for regional development, China BRI will serve more for the economic development of the regions.

China are great and charitable country. The world is lucky to have China. Can't say the same about the West.

Rich Africa is disobedient. This is not in the interest of the West.

Unpopular opinion: I think the West has long stopped truly helping poor countries. Why? Because when they're poor, they want to move their money to the West, good people also migrate to the West. The West then can select some of the best, and deport the rest, making the West the center/hub of great people as well as capital. China does not favor immigrants (they just don't say it out loud), but China needs friends, so they truly build up the poor countries. It's like: "you stay where you are, I build up your infrastructure (including digital infra), and we start trading with each other. Each of us maintains its own civilization in its own way in its own corner of the Earth."

​@@stevet5790 true. But also it is important to remember that the People's Republic of China also constructed a railway in Africa when the PRC was very poor too. A stronger China can help the Global South more. So the win-win cooperation is very good.

Almost. like a native speaker.too

Chinese guests know far more than White “experts” on China

Pity he doesn't know anything about economics, he might not be in such a pickle then!?!

...

Many of these BRI projects in various countries are too costly with opaque agreements that are to the advantage of China. Both environment & financial risk management processes seem to have not been followed properly. Inspite of BRI projects - Pakistan, Sri Lanka, Zambia (both defaulted on its bonds re-payment) have had to go for IMF seeking money to save their economy. Many Chinese workers are bombed or shot in Pakistan. Kenya's train project between its port & capital - is not able to generate money to pay back to China & new developments on relaxing rules for road based logistics on the same path might make the repayment more longer. It is great that Indonesia does have a fully functional, well received High Speed Rail project. I am not sure if Indonesia is paying China - Chinese preferred 3.4% Interest Rate or its own preferred 2% Interest rate over more than 4 decades period. It's just my guess & i think eventually Indonesian government might be forced to pay more than what they had initially estimated and this might probably lead to reduction to allocation for health & education sectors. I guess Rail, pipeline, mega realty project by Country Garden are nowhere near completion in Malaysia. The difference between BRI projects in Pakistan, Sri Lanka, Kenya, Zambia, Angolia, Cambodia and those in Indonesia, Malaysia is visible in terms of the hard bargaining being done by Malaysia & Indonesia at various phases of the evolution of the project. If i am not mistaken, China has already offered to give up on loan repayments worth nearly 20 Billion USD for numerous African countries. Maybe China will have to continue to restructure its debts with respect to the completed projects (in countries where local rulers were happy to just build some project with zero risk management) as well as compensate for this by owning strategic locations & critical resource sites in those countries for a century or so, towards extending its geo-political & economic interests. Yes - It is a clear success for China.

True but can we afford them and afford to sustain them?

"and peace for mankind" How does anything of what you said promote peace for mankind?

​@@brennencox516having an unpaved dirt track leads to nuclear war. Having a multilane highspeed highway built by the Chinese leads to world peace. ☆ Logic made in China.

​@@HoLeeFook68It takes 3 English men to change a 💡

No, you don't. You need to provide utter hot climate countries to have and to use their own natural heat and to use solar panels to move their own businesses and raise their cleanliness level and raise their government level as well. Let them save money. And then we would be fine. In Africa, their population exploded because they didn't use contraception even though is was a done thing before in the 1990s. And their doctors refused to stay and to earn and to do the hard work of providing such services in Africa so therefore their population exploded. Maybe china should indeed provide fertility services to Africa first. Cos their doctors ran off into the UK for more money !! What is the point of anything then ?....

Thanks for this valuable information, seems like the US is putting a lot of effort and detailed planning into their projects 😊

This sounds like a joke, but it’s how the western system operates. It reduces lots of risks but costs also unbearably.

to be more precise, when the western loan are granted, there is plan but no actual project for the money. the money is right there and attracting all sort of laundering and corruption the chinese style at least makes sure the money is spent on the actual project u can see

​@@i-eat-youThat's the problem. Spend so much planning and but take a decade to put the project in action. Then they run out of funds and ask for more and it's a cycle. Look at the California high-speed rail :)

You know the west is freaking out, when their MSMs are doing 24/7 propaganda. If China is failing they sure talk about and worry about China's "failing" a lot! Meanwhile China doesn't care about what's going on in the U$, which means they know U$ has already lost. LOL

👏👏👍

I don't think it is within China's interest to have the Yuan as the world currency. That would enable their super rich people to exchange their money for other currencies, and then to move abroad, what we know a lot of them would like to do. I mean maybe you're right but that's IF China becomes even richer to not care about losing some super rich, AND in a long time period (at least 2050). That's a big if and a long time further so I wouldnt bet. (Comment from France)

a good example of a chinese brand is BYD. BYD car company started in 2008, as of year 2023, BYD exported more cars than VW and toyota - clinching the # 1 spot. bravo china, with much love and respect from germany! xoxo

Of course you care. You care more than anyone else. Otherwise you wouldn't be watching and commenting this video and flood KZfaq with state sponsored self praise videos of how great China is plus a wumao army demonizing the evil West

It failed in a bunch of countries. Most projects are halted due to poor quality... 😂

We who?

the west is basically freaking out 24/7, they ruling elites of the west, knew they could no longer steal and loot like they once did, they know now, they will have to work hard to actually produce stuff to trade with the global south and not rely on worthless U$D. LOL

are you suggesting the highway has been a success or not?

Our neighbors and the IMF won't do it and forget that dead empire called England. Built on credit, but I don't think they are going to dig it up if Jamaica defaults.@@iceman4660

Yes but many of the developments associated with the BRI in Africa have put the participating nations into dangerous levels of debt, which if defaulted in will legally give China right to seize the land/ assets developed with the tax payer money of the participating country. The majority of the workers on the se projects are chinese, the firms are chinese, and therefore all the profits are enjoyed by the chinese. These projects are not the golden goose projects that many think they are.

@@c_lakindick Golden Goose? It's all in your mind that all projects are golden goose. There are always positive and negative to things.

A success for whom? The BRI could have been amazing - if the local companies would have build the projects, increasing local prosperity structurally.

A success for Chinese government in having it's strategic interest expanded internationally. Having local construction companies to participate in the project wouldn't serve the Chinese interest. That's ones of the condition in granting loan in the first place. BRI projected by China loaned by China, built by China and for China,lol. In Thailand the project initiated by China BRI ambition initially rejected by Thai government after gone through the conditions attached for loan offered which shocked everyone. The offer could be considered nothing less than an offer from a loan shark. But considering the project might be good in the long run economically Thai government agreed to build the railway and finance it by itself. Chinese state railway only acted as a consultant employees and nothing more. In the end once construction completed the train used to run on the railway might not be from China but from Japan, lol. Well the Thai pay for it so it's their choice of choosing.🤣🤣🤣

​@@singularity-6339well Indonesia have high speed railways, I don't see Japan build in thai. Or extended until 2035

@@singularity-6339 for China, yes, it's a success on the short-mid-term in regards of minimal risk, the money invested not really leaving China. but, many arguments can be made, that if china would give better conditions, it would be actually good/better also for the local countries, which would lead to to a (in the long run) even better success for China. Bc it would increase the trade along the BRI in general. But that would be ofc an indirect win and involve taking an actual risk...

@@nicksonsicnawa9607 Thai will built the railway system not Japan nor China. Some sections are now being built and completed for both north and northeastern routes. We are not in a hurry for high-speed system but dual Train racks has priority.

​@@gendunchoepel3480neither does war on terror

I wouldn't touch UST bonds with a barge pole at this point...

Does China do BRI out of boundless kindness?

@@theonlycaulfield Of course not. No country would spend that much money on other countries totally out of "boundless kindness." In a video that titled "Has China's BRI been a success", it would be appropriate to discuss both CCP's political objectives and financial objectives, since these 2 objectives are the most important and are intertwined, and also other objectives if time permits. Furthermore, a more complete treatment of this subject should include an examination of the effects of all these BRI projects on the the countries which are supposed to be benefited from CCP's largesse, which frequently resulted in rampant corruption, environmental destruction, white elephant projects, exacerbation of wealth gap, and worsening of conditions of the have-nots. Of course, this aspect of the effects of the BRI would require a separate long discussion to cover.

@@CKWong-jk5st Right. I didn't really expect a real response to my silly comment, but I agree on the content of the video. I wish there was a more in depth examination of the economic impacts in the countries with BRI projects. A geo-political analysis would be interesting, but this was almost completely avoided in the interview. The closest the interview got to this was when the interviewer asked about controversial aspects of the BRI, but the question which wasn't a great one, was mostly avoided.

What are their political objectives other than coercion? The country and its people are literally incapable of behaving.

@@evrythingis1 Sorry I don't quite understand your comment. Emperor Xi has multiple political objectives, both internally and externally. I would just bring up one: to get other countries, especially the developing countries in Africa and southeast Asia to support CCP's position, policies, agenda, nominations, and clout in United Nation. I assume that by "the country and its people..." you are referring to CCP's China and its citizens. I would not equate CCP with ALL the people living under its rule. And one needs to have some knowledge of the history of that place, especially since the late 1700s, and the present authoritarian state to understand why and how some people in the present day PRC act and think in certain ways. By analogy, I would not equate any bad actions or bad policies of the government of USA with ALL its citizens. And, depending on one's political / philosophical / moral views, one aught not equate USA with its white supremacists, Christian nationalists, and anti-democratic people and politicians, and one aught not equate USA with its political-correctness-on-psychosis left, or its blindly supporting Israel transgressions faction, or its blindly supporting Palestinian terrorists faction.

US/EU are really dropping the ball on this, especially in Africa.

The West have proposed 3 or 4 different initiatives that have all achieved nothing. What was the last one? Build Back Better World (B3W) proposed by the G7 to counter the BRI. And that's the problem, the primary objective is to counter China... , these countries have nothing to contribute to, no intention to invest in the developing world.@@eldarshamukhamedov4521

yeah , and at least they are talking about 'bail out' or even scrapping of some loans - NOT land grab or taking over ports ! slightly more balanced view 👍

It doesnt work like this.

I'm not sure I trust your numbers but what you're saying is they got a -10% return on investment? (though I assume there's interest to be made on the loans)

You are assuming that the basket-case countries that could not repay the debts in the last couple of years will soon become solvent. In fact, as she said, they are kicking the can down the road, loaning more money in order to pay the overdue debt, bailing out the Chinese Development banks without announcing it. It is called "extend and pretend". Extend the loan, and pretend that the borrower will soon be solvent and that the Chinese projects did better than the previous Western ones. $104 billion out of 1 trillion over 2 years is about 5%/year i.e. could represent most of the interest due, close to 100% failure.

Learning what? Go to AVIC a BRI vehicle that brings Chinese engineers and ask how many African engineers are employed? The local emplyees employed are given manual labour and paid tipence. So where is the technology transfer there? The Road projects done in these cointries are substanard and cost more than they should to a point that they are being redone (Roads built 2015/16) so lets ask ourselves if such projects are worth the lipservice they suggest or are a success?

Learning something from the Chinese, that is hilarious.

@@evrythingis1 very intelligent people. That's why they are the new superpower. Well educated and understand that helping other countries develop their infrastructure is good for both countries. Unlike the USA that just wants to hate everyone and everything and bomb it. Been to China, it's so far ahead of USA.

@@Joe90MC the African people that I've been talking to say that locals are employed on the projects and local engineers are employed. The quality is good. Just like the new railway line they built in Indonesia is high quality. The USA needs to get over its self. People want peace not aggression and hate. Prosperity not endless lies and war. The colonial masters are out ,

​@@evrythingis1gotta love your jealousy

isn't it odd, that western countries seemed rather concern about the global south when China is offering trade, whilst quite happy to loot and commit atrocities on the global south including stealing the entire continents, multiple continets actually, for centuries? Let me think ....how about hypocrisies! Don't just be hypocritical, why don't the west offer a better deal rather than constant propaganda eh....where's Biden's Build Back Better???? Your memory is so short it's astounding!

Maybe that's why all their infrastructure is falling apart shortly after completion. Tofu dreg.

Why you can type so many words but not willing to search for relevant info? 😅

Sri Lanka defaulted and they lost their port to China for 99 years.

​@@gearfet7622stop this propaganda...you don't know anything other than what western propaganda machinery feeds you.

​@@gearfet7622the same Sri Lanka pays more to imf than china , but definitely you don't have a problem with that

@@wazukyan7696 the rate of interest on Chinese loans are 3 times that of imf! China is a loan shark!

Source ? Proof ?

​@@zacksmith5963 Education, critical thinking. and capability to read. You should try it, it's life-changing..

@@xtrimmhr9119 so with all your education, all your CrItIcAl ThInKiNg , and capability to read U still can't prove your claim. Lol

Only the Chinese would think that flooding the internet with billions of lies would actually make up for them being incompetent at governing.

​@@evrythingis1 and u have proof of that cia bot

LOL, we all know China has zero intention of maintaining this infrastructure or even building it correctly in the first place. All of China's internal infrastructure that actually works was given to them graciously by western countries. They invented none of the technology, they invented none of the manufacturing processes, and they literally had no Chinese engineers competent enough to do any projects on their own.

Usa could have 2x bri if they didnt spend 20yrs killing thousands in Afghanistan

better than spending 6 trillion dollars on afghanistan

Agree 100%

She ignores all of his questions.

​@@JigilJigilsource ? Proof ? 😂

America is th emost corrupt country in the world. Yet people are stilling investing in America.

@@HoLeeFook68 i guess Saudi Arabia is not part of the arab state now right?🤣🤣

@@HoLeeFook68 source ? U can check your made in china phone Btw 50 can't visiting your house

A lot less countries came than last time. All major economies didn't participate. A lot of smaller nations just send their proxys.

@@i-eat-you u mean colonists didn't participate . All economies participated . Only colonists hate real work .

@@zacksmith5963 the real colonizer had invited the small economies! And they attended!

Adorable dude. You think that everyone is out to get a quick buck, that everyone is as short sighted as you. Really dude? You give us Westerners a bad name.

@@markarmage3776 You obviously weren't paying attention when the Chinese took over the Sri Lanka Port of Hambantota when they got behind on their BRI debt. I don't know if you are a Chinese Troll, or just ignorant to Chinese actions. In case you are just ignorant, there are now at least 57 countries with outstanding debt to China State owned creditors that are in financial distress according to AidData.

@@dancahill9585 The BRI initiatives build more than ports. The reason they took over that port is because it's a port on a small country. They are building countless things that they don't take over for the bigger countries that I named above. Mathematics, homie. It's complicated but it's necessary

​@@markarmage3776he's a cia bot . He runs away

Two words... Try Harder!

@@icu17siberiabitterness and shortsightedness is why you can’t see.

@@kinchau4764 If it was working, why is the CCP cutting the funding?

Yes, Success Success Success for China and Lose Lose Lose for those countries that got into the China's trap.

Talk is cheap. You can say anything you want @@icu17siberia

That all you got? Sri Lanka Sri Lanka Sri Lanka

@@TheFlagUnit Pakistan, Kenya, Zambia, Laos, Mongolia, Sri Lanka...

@@filipinoych5546 Dont forget Philippines. Are they dumb to sign up for BRI knowing is a debt trap? or is it a debt trap? Inquiring mind

Like imf anyone😂

​@@filipinoych5546everyone u described had imf loans

The initial stages of colonialism tends to be like that. But when those countries refuse to pay their loans we’ll see china’s strong arm against them

​@@Godfrey544 OK prove it How many roads projects were made by colonists for native Americans ? Africans ? 😂😂😂😂 this is why u are jealous

@@user-xp7nk9dw8d Plenty actually. The europeans built the rail systems, the energy plants and the very first roads in many locations in Africa and parts of the Americas.

@@Godfrey544 nope actually . They took slaves , robbed and when it was required ..... they built railways using those slaves to create them. China did none of those . So again u are wrong . U didn't think this 1 through did u .

@@user-xp7nk9dw8d no, they actually abolished local slavery in Africa done by the arabs and the Africans themselves when they colonized Africa. The colonization of Africa was justified by people like Bismarck by saying that the abolition of slavery was a holy mission. Look it up.

​@@HoLeeFook6850 cent visiting your home tonight

​@@HoLeeFook68It takes 3 English men to change a lightbulb 💡😂😂😂