China Belt & Road $1.3 Trillion Debt Disaster as Majority of Projects Face Failure - Joe Blogs

[TexasTowelie]

AidData is a research body from William & Mary University in Virginia and recently published a comprehensive report on China's Belt & Road initiative. 2023 is the 10 Year Anniversary of the Belt & Road Initiative which was originally billed as being designed to provide new Land & Sea Connections from China to the Rest of the World. However this Initiative developed into helping EMERGING & DEVELOPING COUNTRIES to improve ROAD, RAIL, AIR & SEA Infrastructure and to Build POWER PLANTS. China has advanced $1.34 TRILLION in Loans to HIGH RISK Countries and the majority of those loan are now in DEFAULT. In this video I provide more details of the current state of the investments made by China and discuss the options available and what the impact of all of this will be on the Chinese Economy.

Chapters:
0:00 Intro
2:13 AIDDATA REPORT
2:54 BELT & ROAD INITIATIVE
4:39 CURRENCY
7:21 INTEREST RATES
9:59 COLLATERAL
11:39 REPAYMENT
13:07 DISTRESSED DEBT
15:50 CANCELLED PROJECTS
16:50 SUMMARY & CONCLUSION
25:07 JB STATUE

[comradebillyboy]

1. Under Comrade Xi China's foreign policy has been

a complete disaster. His domestic and economic policies have also been failures. It's as if the CIA installed him to fuck up China as much as possible.

[SWBTATTReg]

2. I didn't read, but this sounds really like the Russia disaster, where so much money disappeared, the

money being stolen from their budgeted Russian Army purchases (that never got purchased, but placed in their pockets).

So much for a different form of government eh, it sounds like they rip off people / their taxpayers regardless of what system of government anyone has. In a way, this is depressing. Is there any sort of governmental oversight that is solely answerable to the people who pay the taxes, regardless of what system of government they have, e.g., capitalism, socialism, communism, a cross of communism/the Russian experiment, etc.?