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Shifu

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Q: where does this money come from?

http://en.people.cn/n3/2017/0713/c90000-9241409.html

 China to pour trillions into Belt and Road projects

1 week 14 hours ago in  Business & Jobs - China

 
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Posts: 132

Minor Official

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Given the level of protectionism, it isn't from free trade.

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6 days 4 hours ago
 
Posts: 846

Governor

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Debt, China is very skilled at hiding its public debt into corporate SOEs and under several layers of local governments.

 

China's full debt to GDP ratio is now over 300%, and that's excluding shadow banking, it's more than any other country in the world except Zimbabwe,

 

It's more than the US even though the US total wealth is around 80 trillions and China's around 20 trillions.

 

They are able to prevent inflation thanks to the foreign currency reserves accumulated over decades, they use these to manipulate the Yuan's exchange rate and keep prices under control.

 

Also China not being a free market, they can command goods and produces to be sold at a certain price regardless of their actual value.

 

The tipping point will be when they run out of dollars to sell and the yuan gets out of control, not sure when, no one knows the exact amount of their reserves, it could be days or decades.

 

As far as OBOR goes, other countries should just take the free infrastructure that China expects to use to extract raw materials from them, nothing obligates those countries to give China anything down the road. No international court has agreed to stamp the agreements that China wants to sign with other countries, so it's like they don't even exist.

retiredinchina:

Buying goodwill with inferior low quality cheap projects, reminds me of the aftermath of the Vietnam war. The American bridges still worked and the jeeps became taxis, the Chinese equipment bridges and Russian equipment were all melted down as scrap metal because none of it worked correctly and recycled. So your reputation when you help for that generation is great and the next generation says "your the one that sold us that worthless crap at the junkyard".

4 days 18 hours ago
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