China’s Debt Trap explained by Abhi and Niyu | How CHINA is buying countries

Join this channel to get access to perks: https://www.youtube.com/channel/UCsDTy8jvHcwMvSZf_JGi-FA/join Chat with us on Discord: https://discord.gg/tb7urvEU7g In this video, Abhi and Niyu explain how China is lending money to developing countries and funding the belt and road initiative with a sinister…

China's Debt Trap explained by Abhi and Niyu | How CHINA is buying countries

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In this video, Abhi and Niyu explain how China is lending money to developing countries and funding the belt and road initiative with a sinister motive. The video discusses some objectionable points in the contracts China has made with certain countries which gives China absolute power over their politics, economy, and even lawmaking.

You can read the contracts over here:
https://www.aiddata.org/how-china-lends

#China #economy #abhiandniyu

00:00 Clashes between India and China
00:53 China is the LARGEST creditor in the world
01:35 Disturbing facts about Chinese loans
02:34 Belt and Road initiative
03:54 Why nobody criticizes China?
05:14 Conclusion
05:47 Did you like the video?

What is Belt and Road Initiative

China’s Belt and Road Initiative (BRI) (一带一路) is a strategy initiated by the People’s Republic of China that seeks to connect Asia with Africa and Europe via land and maritime networks with the aim of improving regional integration, increasing trade and stimulating economic growth.

The name was coined in 2013 by China’s President Xi Jinping, who drew inspiration from the concept of the Silk Road established during the Han Dynasty 2,000 years ago – an ancient network of trade routes that connected China to the Mediterranean via Eurasia for centuries. The BRI has also been referred to in the past as ‘One Belt One Road’.

The BRI comprises a Silk Road Economic Belt – a trans-continental passage that links China with southeast Asia, south Asia, Central Asia, Russia, and Europe by land – and a 21st century Maritime Silk Road, a sea route connecting China’s coastal regions with southeast and south Asia, the South Pacific, the Middle East, and Eastern Africa, all the way to Europe.

https://www.ebrd.com/what-we-do/belt-and-road/overview.html

With its international loans surpassing more than 5% of the global GDP, China has now eclipsed traditional lenders, including the World Bank, the International Monetary Fund and all the creditor nations of the Organization for Economic Cooperation and Development (OECD) put together. By extending huge loans with strings attached to financially vulnerable states, it has not only boosted its leverage over them but also ensnared some in sovereignty-eroding debt traps.

https://www.japantimes.co.jp/opinion/2021/05/09/commentary/world-commentary/china-debt-trap-development-aid/

A video by Abhiraj Rajadhyaksha & Niyati Mavinkurve

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Abhi and Niyu is the fastest-growing Indian educational YouTube channel. Abhi and Niyu are a husband-wife couple who believe in the power of our youth.

Abhi and Niyu started their page to talk about positive, impactful ideas and to inspire offline action from online content. It was a way to change the way our negative feeds operated and replace negative news with positive, action-oriented news that made some change. They decode and simplify issues for Millenials and believe small steps lead to big outcomes in the future. Their videos span different genres like history, environment, and sustainability, policy discussions, social commentary, economics, personal finance, among others.

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