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this post was submitted on 30 Jul 2023
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Not familiar with the terms of the BRI, is there any notion of minimum export/import ratio? Can't they export Ferraris, haute couture or other luxury Italian goods there?
Of course, they could. China seems to be more interested in gaining influence over its BRI partners' economies than in mutual trade, though. Italy's sentiment is here in line with practically all other nations that joined China's BRI.
Give us 3 examples of these 'all nations' with sources, unless you just pulled a feeling out of your ass and stated it as fact? Reddit seems to be leaking idiots.
Here are two articles, with several examples of how China is using the BRI as a tool to put other countries in its debt.
https://www.csis.org/analysis/its-debt-trap-managing-china-imf-cooperation-across-belt-and-road
https://intpolicydigest.org/the-economic-impact-of-china-s-belt-and-road-initiative/
It's a capitalistic economic colonialism. They've learned so much from the west. They must be so proud to have completely abandoned communism in favor of capitalism.
@AreaSix
Not long ago, the Albanian PM made similar remarks about the BRI, in Kenya you can see negative effects on workers' rights and Kenya's economic policy, Pakistan has already been an example why the project so badly fails some time ago.
China has been bailing out its own banks as the 'partner countries' could not pay their debts anymore given the partners could not benefit from their BRI projects. And the conditions for these bail-outs are far worse than what the IMF would charge in similar circumstances. While the IMF interest rates are 2%, China charges 5%.
You'll find much more information on the web. There is plenty of evidence.
Thank you for this, I don't know why you are getting downvoted
Have you ever fucking googled? What kind of Karen shit are you on?
GiVe mE tHrEe eXaMpLeS oR iM tElLiNg
Found the CCP bootlicking stooge.
You're right, reddit DOES seem to be leaking idiots!