Contact: info@gatestoneinstitute.org India may have overtaken China in total population, but UN data also shows that its growth rate has slowed. John Richardson is a researcher based in the United States. Numbers, Facts and Trends Shaping Your World, Fast facts about views of China ahead of the 2022 Beijing Olympics, Large Majorities Say China Does Not Respect the Personal Freedoms of Its People, Most Americans Have Cold Views of China. But when we asked the World Bank for a breakdown by country, it said it could not share the information. This is certainly correct and true. The President of the World Bank, David Malpass, has called the level of debt many countries once again hold unsustainable. Over an 18-year period, China has granted or loaned money to 13,427 infrastructure projects worth $843bn across 165 countries, according to the AidData research lab at William & Mary, a university in the US state of Virginia. by John Richardson The two countries are sparring over the Scarborough Reef and the Spratly Islands. Need infographics, animated videos, presentations, data research or social media charts? The territory of the People's Republic of China (PRC) has frequently been revised since its formation on 1 October 1949. This recent increase in the incidence of sovereign debt restructurings of Chinese debt may have a benign interpretation, but given the slower growth and lower commodity prices of recent years, it may well be a sign of brewing liquidity and solvency problems in numerous developing countries. Those nations like Sri Lanka or Pakistan have floundered and unable to pay Russia will be no exception and tragically African nations too will fall into this trap. Sun Tzu stated, "The supreme art of war is to subdue the enemy without fighting. "I'm sceptical that Western initiatives will make much of a dent in the Chinese programme," says David Dollar, senior fellow at the Brookings Institution and the former US Treasury representative in China. Drilling began last year near the Natuna islands within Indonesias exclusive economic zone, the site added. It particularly takes issue with the building airstrips and hangars, as well as stationing anti-aircraft and anti-missile systems in the Spratly Islands, Deutsche Welle said. Debtor countries themselves often do not collect data on debt owed by state-owned companies, which are the main recipients of Chinese loans. Trade between China and Africa has grown from $10 billion in 2000 to $190 billion by 2017. The threat from China surpasses Africa now, and extends deeply into the Middle East, South America, and the Caribbean. ", Retired teacher Liu Quan, 57, said he doesn't care about the population news at all. They are hedging their bets and making big bets on Africa," he said. "America cannot ignore Africa. China has the impoverished workers willing to risk their lives for a few extra bucks in Africa. According to World Bank data analyzed by Statista. Chinas overseas lending boom is unique in comparison to capital outflows from the United States or Europe, which are largely privately driven. CORRECTION (Aug. 29, 2022): Due to an editing error, a previous version of the text mischaracterized favorable views of the U.S. in South Korea. Singapore has also clashed with China over its claims in the South China Sea. Xi must have, and took them very seriously. There are other parts of the world where Chinese lending has also proved controversial, with contracts whose terms could give China leverage over important assets. What China's One Belt, One Road really means. It's not the fault of today's corrupt African leaders or the African culture, but of things that happened before any of us were born. All you need to know about everything that matters. "China is dependent on Africa for imports of fossil fuels and commodities Beijing has increased its control of African commodities through strategic direct investment in oil fields, mines, and production facilities, as well as through resource-backed loans that call for in-kind payments of commodities. Islands and reefs: ~75,400 km 2. China has faced criticism for its lending practices to poorer countries, accused of leaving them struggling to repay debts and therefore vulnerable to pressure from Beijing. Heres What They Think About China, In Their Own Words, Americans views of Asia-Pacific nations have not changed since 2018 with the exception of China, In their own words: What Americans think about China, What the data says about Americans views of climate change, Podcasts as a Source of News and Information, AI in Hiring and Evaluating Workers: What Americans Think, Americans confident in Zelenskyy, but have limited familiarity with some other world leaders, How Public Polling Has Changed in the 21st Century. In the past, Western countries were guilty of dragging African countries in particular into debt. Laos has a 313-mile border with China that runs from the tripoint with Myanmar in the west to the tripoint with Vietnam in the east. The western media are constantly blaming Europe's and the US policies in Africa as "racist" "neocolonialist" "ill-advised" "self-serving" etc with hardly a word on China's actions on that continent. Excellent analysis of the Biden administration's fiscal management principle: Squander the multiple trillions of borrowed money. The imbalanced deal has led international creditors to downgrade Laos' credit rating to "junk" status. The talks came only two months after Wang Yi visited Eritrea, Kenya and Comoros. Speaking to the broadcaster in 2019, Defence Minister Ng Eng Hen said that he did not think an all-out confrontation involving Singapore will take place, explaining: All the parties involved recognize that the price is too high and the issues in the South China Sea do not warrant an actual physical confrontation.. The IMF and the WB do basically the same thing that the China CCP does as far as debt traps go. All rights reserved. In South Korea, 89% have a favorable view of the U.S., 70 percentage points more than the 19% who say the same of China. April 11, 2022 at 5:00 am. Africa is important to China for several reasons. It was heaven on earth. North Korea has 127 and China 78, but due to the division criteria, some islands belong to North Korea even though they are on the Chinese side of the river. About Pew Research Center Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world. Despite the large size of Chinas overseas lending boom, no official data exists on the resulting debt flows and stocks. "It really seems like kind of a bread-and-butter strategy they use to signal to their borrower that 'We're the big boss around here'," Brad Parks explains. Those findings suggest that "population anxieties have seeped into large portions of the general public," even though the numbers should be seen as a sign of developmen, rather than a cause for anxiety, Andrea Wojnar, the United Nations Population Funds representative for India, said in a statement. Chinese officials and state media said America and the West were focusing only on population size, rather than education, industrial output and economic clout the last one seeing China dwarf India several times over. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: According to World Bank data analyzed by Statista, countries heavily in debt to China are mostly located in Africa, but can also be found in Central Asia, Southeast Asia and the Pacific. Most populous nation: Should India rejoice or panic? In Malaysia, Singapore and Spain, the opposite is true. Unfortunately for China, the African regimes that China targets are unstable with no rule of law present and just as corrupt and vicious as the Chinese CCP. Much of the debt owed to China relates to large infrastructure projects like roads, railways and ports, and also to the mining and energy industry, under President Xi Jinping's Belt and Road Initiative. Then in the future I won't have to hear about how the white man is the source of the problems in Africa. China is lending differently: instead of financing projects by granting or loaning money from one state to another, almost all the money it's handing out is in the form of state banking loans. At around 4%, these loans are close to commercial market rates and about four times that of a typical loan from the World Bank or an individual country such as France or Germany. Chinese Foreign Ministry spokesman Wang Wenbin stressed that it was important "to look at not just the size, but also the quality of its population.". Since the 1980s, the two governments have conducted regular talks on border and security issues aimed at reducing tensions. China's economic and diplomatic engagements allow it to buttress autocracies and change international norms in a patient effort to claim their second continent.". Finally, in 2017, Sri Lanka agreed to give state-owned China Merchants a controlling 70% stake in the port on a 99-year lease in return for further Chinese investment. Another South China Sea dispute. But this does not comprehend the severity of the situation Africa finds itself. "Beijing has long viewed African countries as occupying a central position in its efforts to increase China's global influence and revise the international order," the US-China Economic and Security Review Commission wrote in its 2020 Report to Congress. Between 2007 and 2020, China invested $23 billion in infrastructure projects in Africa, according to the Center for Global Development, a US think tank. In 12 of the 18 countries surveyed, including the U.S., those under age 30 have more favorable views of China than those ages 50 and older, with the largest difference in Japan. All rights reserved. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Despite a booming technology sector, the sheer size of India's population means it has been struggling to create enough jobs to keep up with demand. Its loans to lower and middle-income countries have tripled over the past decade, reaching $170bn (125bn) by the end of 2020. For example, if a nation indebted to China turns to the IMF, officials should be aware that any funds the IMF disburses may be used to pay another official creditor, China, rather than be used to blunt market strains. In both instances, the Chinese invaders were defeated with the help of the kamikaze, "divine winds" of typhoons that destroyed the ships of the Chinese invaders. The unreported lending from China has grown to more than $200 billion USD as of 2016. February 26, 2020. A point to note about the Belt Road initiative by China is the debt trap it is leading nations into. China lent nearly . Yet another important element to Chinas presence in global finance is the growing network of swap lines by the Peoples Bank of China (PBoC). Let the Chinese have Africa. Enter China's ambitious bankers: with backing from a group of Chinese state companies and a consortium of Chinese state lenders, the $5.9bn railway is set to begin operations in December. Despite the vying population statistics, China is far more wealthy than India. Their presence is irritating and appears threatening to Japan, but foreign ships sailing within the contiguous zone is not a violation of international law. Is climate change killing Australian wine? VideoOn board the worlds last surviving turntable ferry, I didnt think make-up was made for black girls, Why there is serious money in kitchen fumes. But developing country loans are just one element of Chinas overseas lending activities. Today, Chinese lending is substantial across the globe. Djibouti, Laos, Zambia and Kyrgyzstan have debts to China equivalent to at least 20% of their annual GDP. Longer submissions are unlikely to be published. China's economic and diplomatic engagements allow it to buttress autocracies and change international norms in a patient effort to claim their second continent." According to the Financial Times, the country had to renegotiate loans worth $52 billion in 2020 and 2021 - more than three times the amount that met this fate in the two previous years. What matters to China is consumer and investor confidence, "so it is not hard to see why Chinese officials are pushing back on the argument that a population decline spells economic decline," said Dimitar Gueorguiev, an associate professor who teaches Chinese politics at Syracuse University. It argues that such confidentiality is common practice for international loan contracts. Very little came at market terms and with strings attached such as collateral. Is climate change killing Australian wine? China once tried to check its population growth with the now defunct one-child policy. What is China going to do, take these corrupt debtor countries to the World Court in an effort to collect? The pattern differs in Poland, also last surveyed in 2019, where the U.S. is now seen more favorably than three years ago (+12 points) while China is seen less favorably (-19 points). And their analysis found that 50% of Chinas loans to developing countries go unreported, which distorts the views of the official and private sectors in three material ways: 1) Official surveillance work is hampered when parts of a countrys debt are unknown. For non-U.S. data, we draw on nationally representative surveys of 20,944 adults from Feb. 14 to June 3, 2022. One would think that by now the globalist fools of the World Economic Forum (not to mention our own government) would have realized the absolute folly of engaging with such a totalitarian regime devoted to world dominance. But its threats are driving the group closer together Getting a force of that size across the 110 miles (177 kilometers) of the Taiwan Strait would be a long,. At the time, experts said that if the dispute goes unresolved it could seriously damage relations between communities living along the two nations shared border. Beijing "alleges that it owns large parts of Laos on . When adding portfolio debts (including the $1 trillion of U.S. Treasury debt purchased by Chinas central bank) and trade credits (to buy goods and services), the Chinese governments aggregate claims to the rest of the world exceed $5 trillion in total. It points out that a large proportion of Sri Lanka's overall debt was owed to non-Chinese lenders, and that there's no evidence China has taken advantage of its position to gain strategic military advantage from the port. Creative writing classes for kids and teens Young Writers' Hangout on May 11, 18, 25 (1:30 pm-3pm; stand-alone sessions) at . The West is making the same mistake with them as it did with the "Arab Spring". Laos has a 313-mile border with China that runs from the tripoint with Myanmar in the west to the tripoint with Vietnam in the east. "We just want peace" between the quarreling neighbors, he said. Over the past two decades, China has become a major global lender, with outstanding claims now exceeding more than 5% of global GDP. There are now more than 40 low and middle-income countries, according to AidData, whose debt exposure to Chinese lenders is more than 10% of the size of their annual economic output (GDP) as a result of this "hidden debt". A survey conducted by the U.N. in conjunction with this week's report found that many Indians listed economic issues as their top concern when thinking about population change, followed by worries about the environment, health and human rights. Looking ahead, we find that credit outflows from China have slowed markedly since 2015, in parallel to Chinas ongoing domestic economic slowdown. In Hungary, which was last surveyed in 2019, views of the U.S. are down while opinion of China has not shifted. Only 2.2% of workers between the ages of 15 and 59 have received formal vocational training, according to government figures. In 1950, China enforced a long-held claim on the Himalayan country and incorporated it with its own territory. Video, On board the worlds last surviving turntable ferry. Over 418,000 People Newly . The new intelligence suggests around 20,000 Russian soldiers have been killed in the . If a debt payment is missed, the Chinese lender can immediately withdraw the cash waiting in the account. Read more about the ATPs methodology. As we have seen consistently in Pew Research Center surveys, people who place themselves on the right of the ideological spectrum tend to view the U.S. more favorably than those on the left. Chinese state-owned lenders also typically require borrowers to maintain a minimum cash balance in an offshore account to which the lender has access. Both claim that it falls within their exclusive economic zones. has questioned whether the "debt trap" narrative strictly applies, It argues that such confidentiality is common practice, Serena Williams announces pregnancy at Met Gala, Shooting suspect was deported four times - US media, Met Gala 2023: Stars celebrate Karl Lagerfeld, New record as 4.56m Indians take flights in a day, Japan to ban upskirting in stronger sex crime laws, Palestinian hunger striker dies in Israel prison. VideoOn board the worlds last surviving turntable ferry, I didnt think make-up was made for black girls, Why there is serious money in kitchen fumes. China continues to deepen its engagement in Africa on all levels. It is estimated that 12 percent of Africa industrial production, or $500 billion annuallynearly. Laos. Why does this matter? Be it Ladakh or South China Sea, China seems to have been making unfounded claims in different parts of the world for a long time. But prominent voices in China . China has chosen not to join this grouping, but using available World Bank data, the rapid growth in China's reported lending compared to others can be clearly observed. In September 2020, on the brink of bankruptcy, Laos sold a major asset to China, handing over part of its energy grid for $600m in order to seek debt relief from Chinese creditors. The AidData researchers found that the Belt and Road project is facing its own issues.
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