22028 wrote: ↑
18 Aug 2021 20:50
danyeung wrote: ↑
18 Aug 2021 18:54
Existing and new roads and rails network are / will be connected. Countries along the belt, especially those Central Asia ones, can get the commercial benefits out of it.
I doubt this very much. The road and railways are mostly build by Chinese companies but the respective countries have to pay a hefty price to China..., same with Chinese Infrastructure projects (disguised as aid) in Africa where those countries are basically in the hands of China...
As I said in my earlier post, people believe in what they want to believe. Let me share what I believe which you don't have to agree.
A good infrastructure is the foundation for a country to grow and the people live there to have a better life.
Not like the developed countries which already have well established infrastructure, most Asia countries are developing countries and don't have the infrastructure needed.
Do they want the infrastructure ? Of course they do. Their problem is they don't have the capital and skills to run large infrastructure projects.
Developed countries accumulated their capital for their infrastructure through imperialism and colonialism in the last few centuries.
These developing countries can't do the same because imperialism and colonialism are supposed history now. Unfortunately they also can't print the green paper as uncle Sam, which no matter how much are printed the world still accept it in exchange for goods and services.
Developed countries and IMF are not interested to help out and fund such infrastructure projects in the past decades. Reasons could be too risky, not profitable (though it benefits people living there) which is insane in the Capitalism world, or even don't want these countries to become developed countries as simply more competition and no more cheap labour.
The developing countries then either live without the infrastructure or accept the offer from China - a political and economic decision.
Free lunch is rare like the British Guiana 1c Magenta. If a country takes China's offer, pay back the loan plus interest is normal. Hefty price ? It has to be quantified. Is 2% hefty ? It is when compared to 0.25%, if there is such an offer and with other T&Cs the same.