中國的弱點：7個難以忽視的事實
~中國隱藏令人不快的事實
~一帶一路巨額赤字，國際收支惡化
我們為您帶來富士晚報發表的文章摘要。
China’s “inconvenient truth”:
China concealed important information such as the youth unemployment rate.
There are seven “inconvenient truths” that you don’t want foreigners to know.
(1) Deterioration of income and expenditure of “One Belt, One Road”
The mega-economic zone initiative “One Belt, One Road” has been in the red for 10 years. It turned into almost non-performing loans and was a huge failure.
(2) Li Keqiang is the most popular person in China
The unexpected popularity of former Prime Minister Li Keqiang (who passed away in October this year).
He graduated from Peking University and pursued an elite course. He was once a rival to Xi Jinping for the top position.
With his death, China became a “one-man empire” under Xi Jinping.
(3) Power struggle among the high ranks of the Communist Party
The behind-the-scenes details of the power struggle within the high ranks of the Communist Party are truly unclear.
(4) Transfer of authority to the Chinese Communist Party
Power was hastily transferred from the State Council to the Communist Party Central Committee.
Is this aimed at strengthening the Communist Party’s control and involvement?
The “Central Financial Commission” manages financial administration.
Establishment of the “Central Financial Operations Committee” to strengthen discipline and eradicate corruption
(5) The economy worsens and foreign exchange reserves run out
Foreign capital is leaving and foreign currency reserves are running out.
The high unemployment rate among young people means that it will be difficult for more than 10 million new graduates to find employment.
(6) “Real estate bubble” bursts in China
China Evergrande and Biguiyuan, the largest real estate companies, have gone bankrupt.
The financial condition of local government loans deteriorated rapidly.
Domestic investors are also moving away from stocks and real estate and into speculating in cash.
(7) “EV bubble” bursts in China
Following real estate, the “EV bubble” is about to burst.
Cumulative investment amount of “One Belt, One Road”
The Belt and Road Initiative began in earnest in 2013, when President Xi Jinping took office.
Cumulative investment has accumulated to $1.3 trillion (approximately 194 trillion yen).
The Export-Import Bank of China provided financing.
List of failures of “One Belt, One Road”
Pakistan: Large amount of non-performing loans
For example, a total of 62 billion dollars (9.271 trillion yen) was invested in Pakistan.
98% are tied loans (=loans with restrictions on the use of funds)
The average term is 10 years, and repayments start after 3 years. The interest rate was 3.72%.
Laos
Deficit burden of Shinkansen construction
The bullet train ran from Kunming in Yunnan province to Vientiane, the capital of Laos.
The fare is 18,000 yen. However, ordinary people cannot ride it.
Despite much fanfare, passenger numbers remain sparse and losses continue to grow.
ethiopia
Deficit burden of railway development
It connects Addis Ababa, the capital of Ethiopia, and Djibouti, the capital of Djibouti. A new railway has opened.
However, the future balance of income and expenditure will be a large deficit, similar to Laos.
Indonesia: Large deficit burden on Shinkansen investment
The exception is Indonesia, where the Shinkansen bullet train between the capital Jakarta and Bandung has opened.
It was packed every day for a month, probably because it was so unusual.
Special price 1440 yen until the end of November.
It’s no different from bus fare.
taly: Trieste port development canceled
China has successfully acquired the right to manage and operate the port of Peleus in Greece.
However, the development of the Port of Trieste stalled when Italy officially dropped out of the Belt and Road initiative.
investing in venezuela
Japan also invested more than $50 billion (approximately 7.476 trillion yen) in Venezuela.
It didn’t go well and I turned into a bee in tears.
The background to this is the rapidly spreading distrust of China around the world.
https://news.yahoo.co.jp/articles/261e56ffacd3b386c76edc04d0fc25fc652b8ac7