Han Patriot
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Good you understand that this plan is not just about exporting excess capacity. But I have to disagree on you about parking excess capital and getting interests, if they want a comfortable ROI, they won't take your so called 'risky' investments, there is strategic intention too.Those nations are probably going to go the Sri Lanka way, one of them won't probably mind at all to become a dominion of China. Economic exploitation of Africa by China has become quite famous soon Pakistan will join the list.
It is not about exporting excess capacity or titling the BoT in your favour. OBOR and CPEC has always been about the Chinese looking to park their excess capital. Interests rates around the western economies are very close to zero, you own People's Bank of China is offering a measly rate of return as your Government is trying to boost the firms consumption. What were you to do with the excess capital lying around. What better way than to invest in Pakistan and other such economies where you are assured a certain rate of return, which is more that what the west or your own country can give. So you see, it's all in the money.
And it will be quite a while before you can even start dreaming of surpassing USD as the preferred hard currency.
Nobody is asking to surpass USD$, as long as the main currnecy along the belt is Yuan, that's already adequate, China still hold dollars $ btw. It's just to create some economic space for China where we can dictate the terms.