One Belt, One Road: Voices from 14 countries bordering China
– Distrust of China increases in six Southeast Asian countries –
-Myanmar, Laos, Vietnam, Malaysia, Brunei, Philippines-
-We will deliver a summary of articles published on Chosun Online.
10 years of One Belt, One Road:
This is causing conflicts with important neighboring countries, and business is being disrupted.
China’s land border has a total length of 22,800 km.
The number of countries that share borders alone reaches 14.
Philippines, Malaysia, Brunei:
It faces China across the South China Sea.
Ten years ago, these countries were early targets for the Belt and Road Initiative.
The Belt and Road Initiative has come to a standstill in many regions, and even diplomatic relations have deteriorated.
For Nepal:
Most of the infrastructure construction projects that China initially promised. It didn’t end properly.
Financial support offered by China:
This loan is nothing more than a high-interest credit loan to developing countries.
There is no such thing as donations or credit provided by developed countries.
China’s high-interest loans have worsened the financial situation of countries participating in the Belt and Road.
Cancelation of hydroelectric power plant business:
Initially, a Chinese private company was supposed to be in charge of building it.
In the end, they changed their position and said, “The Nepali government will create it themselves.”
Always use equipment made in China:
In fact, Chinese-made equipment will always be used for construction.
A large influx of Chinese workers into the country will not help Nepal’s economy.
The Economist criticizes:
Chinese capital and Chinese input do not lead to economic growth at all.
This had the side effect of flowing into the underground economy.
Associated Press debt to China analysis:
Pakistan and Laos:
We analyzed the “12 countries with the largest amount of debt to China in the One Belt, One Road”.
Pakistan and Laos are core project areas of the Belt and Road Initiative.
Both countries ran out of foreign currency due to interest payments and eventually defaulted.
Laos, Myanmar, Philippines:
Both are related to the gambling business.
There was a huge influx of Chinese capital and workers, and crime soared.
Myanmar, Laos, Vietnam, Malaysia, Brunei, Philippines:
Singapore survey:
Trust in China has fallen significantly in six Southeast Asian countries.
Distrust in China among the six countries has deepened further under the Xi Jinping regime.
China is also at odds with Japan, India, the Philippines, and Vietnam over territorial issues.
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