China’s trillion dollar plan to dominate global trade

There’s a new highway in Pakistan. And a new rail terminal in Kazakhstan. A sea port in Sri Lanka recently opened. As well as this bridge in rural Laos. What’s interesting is that they’re all
part of one country’s project that spans 3 continents and touches over 60% of the world’s
population. If you connect the dots, it’s not hard to
see which country that is. This is China’s Belt and Road Initiative — the
most ambitious infrastructure project in modern history that’s designed to reroute global
trade. It’s how China plans to become the world’s
next superpower. It’s 2013 and Chinese president, Xi Jinping is giving a speech in Kazakhstan where he
mentions the Ancient Silk Road: A network of trade routes that spread goods,
ideas, and culture across Europe, the Middle East, and China as far back as 200 BC. He then says: “we should take an innovative approach and
jointly build an economic belt along the Silk Road”
A month later, Xi is in Indonesia: “The two sides should work together to build a maritime silk road for the 21st century” These two phrases were the first mentions
of Xi’s legacy project, the multi-trillion dollar Belt and Road Initiative, or BRI. They’re also the two components of the plan. There’s an overland Economic Belt of 6 corridors
that serves as new routes to get goods in and out of China. Like this railroad connecting China to London. And these gas pipelines from the Caspian sea to
China And a high-speed train network in South East
Asia. Then there’s the maritime silk road — a
chain of seaports stretching from the South China Sea to Africa that also directs trade
to and from China. The BRI also includes oil refineries, industrial
parks, power plants, mines, and fiber-optic networks – all designed to make it easier
for the world to trade with China. So far, over 60 countries have reportedly
signed agreements for these projects. And the list is growing, because China promotes
it as a win-win for everyone. Take, for example, the BRI’s flagship project:
Pakistan. Pause for Pakistan
Like many countries in Central and South Asia, Pakistan has a stagnant economy, and a corruption
problem. It wasn’t a popular place for foreign investment,
that is until China came along. In 2001, China offered to build a brand new
port in the small fishing town of Gwadar. By 2018, the port as well as highway and railway
networks became a $62 billion dollar Corridor within the BRI. It’s where the Economic Belt meets the Maritime
Silk Road. And it seemed to benefit both countries. Pakistan saw its highest GDP growth in 8 years
and forged a tight relationship with a major world power. China, on the other hand, secured a new alternative
route for goods, especially, oil and gas from the Middle East. Through projects like these, it also found
a way to boost its economy. Chinese construction companies that had fewer
opportunities within their own country saw a huge boost from BRI contracts — 7 out
of the 10 biggest construction firms in the world are now Chinese. What tips the balance in China’s favor even
more is a requirement that it be involved in building these projects. In Pakistan for example, Chinese workers have
directly built projects, like this highway here, and a Chinese firm has worked with locals
on a railway here in Serbia. China’s involvement is one of its very few
demands and that’s set these deals apart so far. See, typically, to get investment from the
West, countries have to meet strict ethical standards. But China’s offered billions of dollars
— mostly in loans — with far fewer conditions. So, it’s no surprise the BRI has been a
big hit with the less-democratic countries in the region. China has signed agreements with Authoritarian
governments Military regimes. And some of the most corrupt countries in
the world. It’s even affiliated with, Afghanistan,
Ukraine, Yemen, and Iraq; all currently splintered by conflict. Because of China’s willingness to loan money
to unreliable countries, many experts have called the BRI a risky plan. Eventually, these countries will have to pay
China back — but corruption and conflict make that payback unlikely. A recent report found that many countries
indebted to China are vulnerable, including 8 that are at high risk of being unable to
pay. So why does China keep lending? Because there’s more to the BRI than just
economics: In Sri Lanka, China loaned about 1.5 billion dollars for a new deep-water port. It was a key stop on the Maritime Silk Road. But by 2017 it was clear Sri Lanka couldn’t
pay back the loan, so instead, they gave China control of the port as part of a 99-year lease. China also controls the strategic port in
Pakistan – where it has a 40-year lease, It’s pushing for a similar agreement in Myanmar,
and it just opened an actual Chinese naval base in Djibouti. These are all signs of what’s called the
String of Pearls theory. It predicts that China is trying to establish
a string of naval bases in the Indian Ocean that will allow it to station ships and guard
shipping routes that move through the region. So while China’s not getting its money back,
its still achieving some very important strategic goals. China’s growing influence challenges the
status of the US, which has been the world’s lone super-power for the last several decades. Isolation is trending in the US meaning it’s
investing less and therefore losing influence around the world. The BRI is China’s way of leveraging power
to become a global leader. By building relationships and taking control
of global trade, China is well on its way.

100 thoughts on “China’s trillion dollar plan to dominate global trade

  1. Vox Atlas is a new series looking into the big foreign policy stories shaping the globe, produced by Sam Ellis. Check out the rest of season one of Atlas here – and let us know what stories you want to see:

  2. Chinies people are best workers and engineers as well as businessmen, Nobody can stop the chinies projects and their commitments with the other countries.

  3. China 🇨🇳 is winning in every platform Revenge is a dish best served cold…👉🏼🧠🔥…let’s not forget what we did in Hiroshima….🙏🏼🕯..-••••*

  4. Extremely well put together….👉🏼💡🧠 and am sure China 🇨🇳 has been the world power for a minute…it’s us who live inside a bubble…..😎 while the world keeps moving…‼️‼️

  5. 要想富 先修路 中国在帮助这些国家发展经济 自己也得到了实惠 共赢!欧美什么心态?自己不帮别人,让它一直穷,还不能让中国去帮了?

  6. i’mma destroy that land and all those sinners’ aspiration and ambition. i will make china’s leaders fight in collesseums

  7. Worst mistake of the world is to let CHINA to get in United nation 1971 and Left them alone after what happened in 1989 massacre of democracy protester. watch CCP getting stronger they will show their true face of a suppressive goverment

  8. Rise my Beautiful Chinese Brother's, and Sister's, show the world that this is planet 🌏 Asia!!!

  9. The US spent $ 7 trillion for bailing out wall street and the wealthy. China used only a fraction of that for the Belt Road. Who is the wiser?

  10. I have nothing against the Chinese people, I have freinds that or Chinese, but at the sametime, I hate the PLA, they run everything in China and need to be stopped! Their goal is to run the world! This would be terrible for everyone!

  11. To be honest, China is already the super world power. The USA is too indebted to be a superpower. The dollar is not worth very much nowadays.

  12. Communism innovative way of controlling the world. They know they cannot win the world thru military might because every countries has its own military. So they will do it thru money. They think they have all the money in the world. In due time China will collapse.

  13. It's a bad news for india if China will successfully dominate Indian Ocean with military presence…

  14. at least china doesn't bombing any other countries accros the world (inc. china) to force their will in the name of 'freedom' to steal gold, oil and wealth ilegaly like western did in last 500 years

    just look at yourself deeply, dude 👌

  15. Back In the days the Chinese people came to America to steal the ideas of manufacturing companies . Now they steal between 15-20 billion dollars worth of ideas from the USA each year. That shows without America they are nothing. Their people dont have the freedom to sit and invent. Therefore they're reliant on the USA more than they know. We should just close the border while it's not too late.

  16. America is focused on wars and helping Israel. China is focused on helping poor countries and getting twice the benefit.

  17. In Pakistan were not even mad lol. China is providing us with jobs and helping our economy, supporting our countries defense etc so May they stay blessed

  18. China has already been working on some projects in Malaysia. We are okay with them because it’s a win-win situation they gave us.

  19. Trade will work better than invade,How can you blame them when every one watching you invade drop bombs any and every where, dictating and manipulating government's and its written in your history books what you've done and what you plan on doing.

  20. The only thing China is good at is stealing ideas from others Just look at all their knock offs!!!!!!

  21. China helps ppl to develop the world.
    America helps terrorists to destroy the world.

  22. China helping under developed poor country and creating jobs for people. not sure why the English media has a problem with that

  23. China's road no. 4 passes through India's sovereign land illegally occupied by Pakistan. China has not taken permission from India before building it.

  24. in china, construction companies are very influential because decades of domestic construction. So they have huge incentive to lobby the CCP for BRI. Meanwhile in the US, the defense industry has the upper hand, so US started lots of wars. Nothing good or evil, just plain political engineering

  25. what china can accomplished is limited to what can non developed nation with 3 times of the amount of people and a economy half of the size of the US can achieve but the US their economy is judged to grow for the next 100 years, who has the more globalised economy? I would ask because trade routes and geography they are the determinants, but also trade with the UK based between how the two vary would tip the balance would be interesting considering how the UK's vary and China's and America remain the same to compete as they need to.

  26. Amerikkka just bully everyone and expects their full cooperation, instead of working with them they are called names and get bombs dropped on their heads.

  27. If their belt and road initiative is handled like most of the projects in China, it will be poorly done, badly planned, rushed, and ultimately, will fall apart.

  28. ✓ Genghis Khan lives again & the Four Horsemen are unleashed upon the world.1:PLA moves into Hong Kong & suppresses any opposition & occupies it bringing it back into the orbit of China.2:CCP/China isolates itself & is in a state of war.3:US Navy is kept at bay with sinkings or the threat of sinkings of its Pacific Fleet/Carrier Task Forces & is pushed out of the Western Pacific OR the US & Europe are hit with synchronized cyber-attacks & EMP’s causing the“deaths of nations.”4:Russia invades & occupies North America via Alaska as it moves South/SE meeting indeterminable,sporadic & unorganized resistance.5:North Korea invades South Korea & occupies it.6:Chinese Navy blockades Taiwan,Japan,the Philippines,Australia,places where PLA losses might be too high if invaded initially,etc.,& starves them out & invades/occupies with North Korean manpower assistance when they are sufficiently weakened or are made virtually ineffectual.7:So as not to fight a war on two-fronts,only after the situation of conquering & controlling Asia/SE Asia,the Yellow,East & South China Seas & eventually the Indian Ocean is stable will the CCP/PLA advance.8:Using the land-based & maritime“One Belt-One Road”that was built under the guise of commerce,the PLA will be able to move westward with“Blitzkrieg”speed on this eurasian“Autobahn,”linking up with their allies Pakistan,Iran,etc.,along the way to overrun,conquer,destroy Western Europe & take over the Earth.Welcome to a brave new world,welcome to the Apocalypse…

  29. We created this monster. I hope for a huge China fail. Maybe it's not too late to slay the Red Dragon.

  30. Ok America, keep throwing money at your biggest ally in the middle east, dont mind China taking over the world.
    Oh yeah and dont forget Russia is the biggest enemy of humanity.

  31. @vox please get your stats right I'm from Pakistan 🇵🇰 and majority of the 62 billion from China 🇨🇳 (BTW the country we think is more of a real friend to the world) is in form of investment yet some of it is loan but majority of the loan is on Chinese companies plus the so called theory of yours that these countries couldn't pay back the road and highways have a toll fee's that automatically pays off the loans for instance if you would see the roads in Pakistan all goods going from and coming to gawadar would be needed to travel on road which brings in fees and automatically pays the small amount of debt it has brought so grow up

  32. What happens when these countries can not pay back the loans sounds like economic conquest ,basically the leaders are just taking a pay to play then they will take the money and run good luck with that suckers

  33. The CCP government is not following the normal economic pattern. They brought debts to other countries and never boom their economy.

  34. The problem is its bullying and illegal. Giving loans they know these countries cant pay back just to gain land and territory. Its unethical. But these countries arent calling China out. These countries dont understand their way of life is threatened and they are being pushed out.

  35. there not playing the game well lets not forget child labor and how they work there people its not good not for many but for a few we shall never let our guards down and fight for trading with US fairly

  36. Chinese are slowly conquering your country and my country!
    I think we should limit them in going and going out from the country

  37. Also they are trying to build pogo hub that they will live on, and it is close to military camp here in philippines

  38. How is red china better than the capitalist imf indebting colonies and grabbung their assets when they defaults. Allyou can say is that chinese are 5% smarter than europeans. The strong survive.

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