$600 billion: G7 creates anti China investment initiative

[beijingwalker]

G7 Counter to China’s BRI: Too Little, Too Late​

Smattering of projects pales in the face of Beijing’s vast infrastructure investment​

 

[Abu Shaleh Rumi]

Except Japan I dont see any other G7 member having efficient infrastructure building capacity! None of them can out bid China with price to performance ratio and cheap loans.

Current me if Im wrong...

 

[Menthol]

Well, the USD 600 billion is a financial product, not aid or free money.

It's like Apple is starting selling iPhones in third-world countries.

For many countries, it's great because we have more financial product varieties in the market.

We can choose the cheapest and easiest loan.


But of course this day, political news is strong.

It's like choosing between Ford and Toyota, just because Ford is Made in the USA, it has more news with a positive attitude, but it doesn't mean Toyota is bad.

As a consumer, we should be smart.

 

[beijingwalker]

Well, the USD 600 billion is a financial product, not aid or free money.

It's like Apple is starting selling iPhones in third-world countries.

For many countries, it's great because we have more financial product varieties in the market.

We can choose the cheapest and easiest loan.


But of course this day, political news is strong.

It's like choosing between Ford and Toyota, just because Ford is Made in the USA, it has more news with a positive attitude, but it doesn't mean Toyota is bad.

As a consumer, we should be smart.

Chinese BRI is a business product targeting no one , this G7I is a political product to counter China, I like to see where would they spend this money .

 

[etylo]

Good luck, G7 do something like China did, not just BS talk, the article is all in English.

1. Gwadar Port of Pakistan’s 5-rupee banknote was constructed by China

2. Sri Lanka’s 100-rupee note Putram coal-fired power station was funded and constructed by China

3. The Rama VIII Bridge, a 20-baht note in Thailand, was built by China

4. Laos’ 20,000 kip banknote Nanleike Hydropower Station was constructed by China

5. Algeria 1000 dinar banknotes The Algiers Grand Mosque was built by China

6. Algeria 500 dinar banknotes The Algeria-1 communication satellite was developed and successfully launched by China

7. Malawi 200 Kwacha banknotes The Malawi Parliament Building was built by China

8. Malawi 2000 Kwacha banknotes Malawi University of Science and Technology was built by China

9. Sudan's 100-pound banknotes Merowe Dam, Upper Atbara Water Control Project, and Roceres Dam heightening projects were constructed by China

10. The Kinsuka Bridge of the Democratic Republic of Congo’s 500-franc note was built by China

11. Qatar 10 riyal banknotes Lusail Stadium was built by China

12. Kuwait 5 dinar banknotes The headquarters building of the Central Bank of Kuwait was built by China

13. Tajikistan 200 Somoni banknotes The National Library of Tajikistan was built by China

​

11國13款紙鈔與大陸「聯名」 華春瑩連發13組圖興奮喊一句 - 兩岸

大陸環球網6日報導，大陸外交部部長助理兼新聞司司長、外交部發言人華春瑩10月5日晚10時許，在社交媒體推特上連發13組各國鈔票風景對比圖，並寫道：「共同建設一個更美好的世界——中國兌現了這一承諾，並通過其在全世

www-chinatimes-com.translate.goog

 

[tower9]

Competition in a healthy way, at least.

Except it’s not competition. Just making a bus land in a US city costs tens of millions and takes over a decade. And they are supposed to build world class infrastructure at a comparable cost and time schedule as China?

A large proportion of Western aid to 3rd world actually landed into their own consultant pockets. If not the equipment and physical hardware may be marked up 100%. This aid is not free per se but in form of loan.

One day, white man will raise the interest rate creating a default payment. Then 3rd world will be asked to sell their price jewels in addition of putting them into exorbitant interest.

IMF step in and ask for liberalization of this and that especially financial sector.

Then white man come in further snap up everything on fire sale price.

This is what debt trap is all about.

Most of it actually landed in the pockets of American weapons manufacturers and contractors. Foreign aid is basically a money laundering scheme concocted by the MIC to pay itself inflated salaries.