China is making a 'trap' of debt?
06 February 2019, 12:00 BDT
This project is called the 21st Century 'Silk Road' More than 70 countries will be connected to this project. Many countries in Asia, Europe, Africa and the Middle East will be connected to this network. The combined population of the population is half of the whole world. And the country's combined production (GDP) is one-fourth of the world's share. Understand the situation!
Its name is 'Belt and Road Initiative', the entrepreneur China. The country of C China Ping is saying that if it is implemented, the economy and communication system of the countries will improve. But five years after the start of the question is asking - is this the path of development, or the trap of debt? China wants to benefit other countries with this project, or is it leaked to the neck? Nindokara says China is trying to control the regional politics of the area by trapping the debt.
How much does it cost to implement the Belt and Road Initiative? The Guardian reports, it may cost $ 1 billion. Meanwhile, China has invested more than $ 21 billion, with its lion's share in Asia. And the projects of this project are doing exclusively by Chinese construction companies. As a result, China is benefiting from the agreement with different countries.
The main objective of the 'Belt and Road Initiative' is to establish communication with China, roads, rail and sea in about 70 countries. This will naturally strengthen the economic relations and communication system of countries related to China. British journalist The Economist says China is trying to achieve political objectives through this communication system. Basically, China wants to dominate the vast areas of Asia, Europe and Africa. There are two countries in Malaysia, Maldives, Myanmar, Sri Lanka and many other Asian countries, both of which are connected in the Belt and Road Initiative. Because, if China does not agree to this proposal, then you have to take risks of ignoring CNC! And who does not know, China is one of the most influential countries of the world. If you agree to read the loan trap. Because it is almost impossible to fund its own big projects. China is offering loans to take advantage of the opportunity He took the loan, he died!
China is always eager to highlight the 'global utility' of this ambitious project. But remember, Maldives is stuck with Chinese debt while joining the project. China is trying to break into the internal politics of the Maldives in terms of opportunities. Although the last defense was not supported even by the support of the former president Abdullah Yamin-led government. In the Maldives presidential election, the alleged Indian-origin, Ibrahim Mohammad Salih, South China Morning Post reports, Beijing considers the Maldives important for the implementation of the 'Belt and Road Initiative' plan. China has given millions of millions of dollars in loan since 2013 It is enough to dismiss the present government even if it is not a favorite person.
Sri Lanka's situation is also basic. China recently welcomed Mahinda Rajapaksa's 'unconstitutional' government in the country. But at the end, when Ronil Bikramasinha returned to the center of power, he was shocked by the Chinese. This island is not less watery than the port of Hambantota. China has already leased the port for 99 years But Sri Lanka is struggling to provide interest for the development project. And economically crashed Pakistan is watching China's 'Silk Road' way of salvation!
That means that, despite the backing of political parties, no one can deny China because of debt. The 'shadow war' of China-India is seen in South Asia lately. China, though obviously, won the title of competition in the competition, China is still willing to pay millions of dollars. India is behind this place.
An organization named Center for Global Development published a report last year. It has been found that 23 of the countries involved in the Belt and Road Initiative were in debt crisis. Among these countries are Myanmar, Pakistan and many others.
Recently, a research report published in Business Insider said that due to the Belt and Road Initiative, the biodiversity of countries linked to them could have adverse effects. In this, there is a possibility of interaction between different types of organisms of different countries, which will do more harm than profit. One more thing should be kept in mind, if the road is good, the product will bring benefits as well as the army can come!
The settled countries are moving forward slightly. Economist says Malaysia is already biting. Najib Razak's government gave free access to various Chinese manufacturers. But Mahathir Mohammad's new government has stopped it. Malaysia says it has to implement a $ 20 billion development project to join the Belt and Road Initiative. That will work Chinese companies, and workers will also be Chinese. That means that no citizen of Malaysia is employed there. Again, in the region where the project will run, there is very little chance that Malaysian profit will be beneficial.
Analysts say Malaysia is in some way to "no" to China. A minister recently said that the development project will be closed. Mahathir again said that his country is not able to bear the expenditure in his country. But one day later, this politician turned upside down. He informed, no final decision yet!
That is, countries like Malaysia do not want to chase China at this time. The main reason for this is that China's military power and the barbecue Yuan. And C China Ping is trying to make use of that advantage. Now let's see if anyone can give 'check' to China.
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