Read our research on: Congress | Economy | Trust in Media. 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. Laos is one of the poorest countries in the region and couldn't afford even a fraction of the cost. Instead, its four focus areas are climate, health and health security, digital technology, and gender equity and equality. The Covid-19 pandemic has complicated the already difficult repayment of Chinese loans even more. Vietnam maintains its territorial claim over regions of the South China Sea and the Macclesfield Bank, Paracel Islands and the Spratly Islands. The unreported lending from China has grown to more than $200 billion USD as of 2016. On the streets of Beijing, the mood was similar. In 2015, Chinese state media claimed that an attack on one of its remote checkpoints in Inner Mongolia was due to a provincial border dispute. Since 2013 a Chinese Coast Guard ship has been stationed near Luconia Breakers, an area about 80 nautical miles north of Sarawak. All rights reserved. Election Integrity's Biggest Threat: Big Tech, The Biden Administration's Vacuum of Leadership, Thousands of Political Prisoners are Rotting in Turkish Jails. But when it comes to perceptions of each countrys relative influence in the world, much larger shares in most nations see Chinas influence growing than say the same of the U.S. Below are five key findings comparing international attitudes toward the two countries, drawn from nationally representative surveys conducted from Feb. 14 to June 3, 2022, among 24,525 adults in 19 nations. Our leadership ignored this as if special raw materials scarce and extremely valuable necessary for next generation tech was not a national security issue thanks to the Clintons and Obama. Today, Chinese lending is substantial across the globe. 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. 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. Note: Here are the questions used in this report, along with their responses, as well as its methodology. What's the ROI on gender equity? . In about a third of the places surveyed, more educated people are also more likely to say that U.S. influence is getting weaker. It was heaven on earth. Commenters' email addresses will not be displayed publicly. This gap in perceptions is largest in Australia, where more than three times as many say China's influence is growing than say the same about American influence (73% vs. 19%). According to World Bank data analyzed by Statista. As China's economy becomes more integrated, these regional differences are taking . Africa's challenges, opportunities, and security interests are inseparable from our own. Our competitors clearly see Africa's rich potential. 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. Their disagreements centre on 205 islands on the YaluRiver, which runs on the border between the two nations. This has turned China into the worlds largest official creditor surpassing traditional, official lenders such as the World Bank, the IMF, or all OECD creditor governments combined. But it has over recent years improved ties with China to counterbalance its long-standing relationship with India, its giant neighbour to the south.. Singapore: Even though they entered a . Facing a demographic crisis that could undermine the government's bid to rival the United States, Chinese officials and state media balked at Western coverage of new data projecting India edging ahead of mainland China by the middle of this year, if it hasn't already. Our standard is 660 pixels, but you can customize how the statistic is displayed to suit your site by setting the width and the display size. In September, Radio Free Asia reported that residents of Myanmars northern Shan state had destroyed a fence built by Chinese authorities, claiming it encroaches on their countrys territory. In each country surveyed, more than half of adults say Chinas influence in the world is strengthening. "In an average year, China's international development finance commitments amount to about $85bn. Video, On board the worlds last surviving turntable ferry, China has granted or loaned money to 13,427 infrastructure projects, China debt dogs Maldives' 'bridge to prosperity', 'We don't like our land being given away to China', 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. When publishing one of these graphics, From 2020 to 2021, trade between Africa and China reportedly increased by 35% . Daniel Grizelj/Getty Images. The articles printed here do not necessarily reflect the views of the Editors or of Gatestone Institute. "The U.S. and Japan have smaller populations, but it doesnt mean theyre not strong powers. They found thatChina tends to lend at market terms, meaning at interest rates that are close to those in private capital markets, rather than the concessional rates offered by other official entities, such as the World Bank or IMF. Outside of Singapore and Malaysia, people in every nation surveyed have more confidence in Biden than in Xi and in Poland and Sweden, the difference is greater than 60 percentage points. This is the widest gap observed among all 19 countries. In Germany I met several African immigrants (in the tech business), and all of them repeated a similar theme, that back home things were wonderful before the colonialists appeared. Pictured: Townsend (center) reviews an honor guard of the of the Djiboutian Armed Forces with Lt. Gen. Zakaria Cheikh Ibrahim, Djiboutian chief of staff, in Djibouti City on August 8, 2019. Central bank swap lines can be understood as standing lines of credit, where central banks agree on exchanging their currencies to facilitate trade settlements and to address liquidity needs. ", "Is China being smart?" Most Chinese loans have helped finance large-scale investments in infrastructure, energy, and mining. please include a backlink to the respective infographic URL. China has repeatedly demanded that Indonesia halt an oil and natural gas project in the region, Nikkei Asia said, claiming that the efforts to extract natural resources are an infringement on its territorial waters. 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. No part of the Gatestone website or any of its contents may be reproduced, copied or modified, without the prior written consent of Gatestone Institute. Alexander Smith is a senior reporter forNBC News Digital based in London. Manila is facing a deadlock in a dispute it cannot resolve alone, the International Crisis Groupwarned. January 02, 2022 06:30 AM. And by comparison, the US is spending about $37bn in any given year to support global development activities," says Brad Parks. "Beijing uses its influence in Africa to gain preferential access to Africa's natural resources, open up markets for Chinese exports, and enlist African support for Chinese diplomatic priorities on and beyond the continent.". Almost all of this lending is official, coming from the government and state-controlled entities. Only 2.2% of workers between the ages of 15 and 59 have received formal vocational training, according to government figures. Taken together, young people in a few countries including Australia, Belgium, Canada, Sweden and the United Kingdom are both more positive toward China and less positive toward the U.S. than older adults. To find out more, please review our Privacy and Cookies Policy. About 40 out of Africa's 54 countries participate in China's Belt and Road Initiative (BRI), the global infrastructure and economic development project that the Chinese Communist Party launched in 2013. While views of the U.S. and China have remained mostly stable over the past year, attitudes in some countries have shifted. Both reserve the right not to publish replies to articles should they so choose. The sheer amount of Chinese lending is startling. Can I integrate infographics into my blog or website? The Statista "Chart of the Day", made available proper attribution to Statista. Jan 01, 2019 News. The Philippines: Another major maritime is between the Philippines and China. The Laos railway is far from the only risky project that Chinese state banks have funded - and yet, AidData says China remains the financier of first resort for many low and middle income countries. 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. What they are doing is really doing the CCP's PR towards African as well as western publics. Read more about the ATPs methodology. The area is also close to key shipping lanes and rich fishing grounds. And all the Germans remained obediently silent, accepting their truth. Very little came at market terms and with strings attached such as collateral. Coastal beaches and shoaly lands: ~12,700 km 2. Copyright 2023 Gatestone Institute. It is beyond comprehension how come the West has remained indifferent and overlooked the sinister colonization model China is building in Africa. Recently it engaged in a flurry of diplomatic activity with African countries. A median of 66% across 19 countries say Chinas influence on the world stage is getting stronger, while just 32% say the same about the U.S. Eventually, if debtors are unable to service their debts, China takes over its collateral which is mostly in national assets. How does China's lending compare with others? 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. This approach is rarely seen in loans issued by western lenders. Africans will continue to move westward and northward by the millions. This is certainly correct and true. So who is really stuck in a debt trap? China lent nearly . Over an 18-year period, China has granted or loaned money to 13,427 infrastructure projects . However, the plan might simply have come along too late. The area overlaps Chinas expansive nine-dash line territorial claim covering much of the sea. "[Those new initiatives] will not have enough real money to address the scale of infrastructure needs in the developing world. However, attitudes vary widely within the Asia-Pacific region. The territory of the People's Republic of China (PRC) has frequently been revised since its formation on 1 October 1949. 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. But even then, about 90% of the $100 billion (in todays dollars) spent in Europe comprised grants and aid. In an interview with the BBC, Richard Moore, the head of Britain's foreign intelligence agency MI6, said China uses what he called "debt traps" to gain leverage over other countries. Both countries face their own challenges. And that's news even to Chinese officials themselves. England and Wales company registration number 2008885, Subscribe to TheWeek. Not too long ago China received foreign aid, but now the tables have turned. "China continues to gain strength while we are led by weaklings. The Times of India newspaper described this as "a ticking social bomb" in an editorial reacting to the population news. 2023 BBC. Along with Taiwan, this is perhaps the most well-known of Chinas territorial disputes. The population is important, so is talent, he told a daily briefing this week. This inaction means that in the emerging US-China rivalry in Africa, China is far ahead. China shares a contiguous border of 292 miles with Bhutan and territorial disputes have been a source of potential conflict. If a debt payment is missed, the Chinese lender can immediately withdraw the cash waiting in the account. After pursuing economic liberalization in the 1970s, its economy has mushroomed to become the second largest in the world behind the U.S., with a gross domestic product almost seven times that of India, which is placed fifth. Its loans to lower and middle-income countries have tripled over the past decade, reaching $170bn . which opened a debt-laden railway line to China last year. 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. Their presence is irritating and appears threatening to Japan, but foreign ships sailing within the contiguous zone is not a violation of international law. Longer submissions are unlikely to be published. 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. China has a depreciating GDP, a high level of unemployment, rising resentment towards the current government, and deteriorating relations with the US. by John Richardson The state broadcaster CCTV said China, which the World Bank credits with lifting almost 800 million people out of poverty in the past 40 years, was being slandered despite creating a miracle of sustainable and stable economic development with a huge population.. How many World Bank loans or IMF loans have African nations defaulted on or better yet how many of these loans have been fully paid back without being refinanced by more WB or IMF loans? Is climate change killing Australian wine? 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 accused the West of using it as another excuse to "bad mouth" Beijing as the latest episode in the long-running struggle with the U.S. and its allies. In Australia, the Netherlands and Sweden, for example, younger people have much less positive views of the U.S. than older people do. In the border region, an uneasy alliance persists, ABC News reported in 2019. Such hype lacks a basic understanding of the law of population development, it said. A twisting railway running between China and the neighbouring country of Laos is often touted as a prime example of China's off-the-books lending. The authors . Trade between China and Africa has grown from $10 billion in 2000 to $190 billion by 2017. Research by AidData, an international development body at William & Mary University in the US, finds that half of China's lending to developing countries is not reported in official debt statistics. (Image source: U.S. Africa Command Public Relations). Following an unsuccessful uprising in 1959, Tibets spiritual leader, the Dalai Lama, fled to India, where he set up a government in exile. The two countries are sparring over the Scarborough Reef and the Spratly Islands. April 11, 2022 at 5:00 am. These Africans spoke German, knew Germany, but rather than thanking Germans for being a different culture, they still blamed the Germans. 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. In June 2020, soldiers clashed in hand-to-hand combat as a border dispute threatened the uneasy truce between the worlds most populous nations. "Confidentiality agreements are very common in international commercial loans", says Professor Lee Jones at Queen Mary University of London. Both countries also have a long history of invading other countries. If China was to take over Taiwan, . For some years, Beijing has been aggravating tensions by increasing the presence of China Coast Guard vessels in the contiguous zone of the Senkaku/Diaoyu Islands, The Diplomat said. The articles printed here do not necessarily reflect the views of the Editors or of Gatestone Institute. The U.S. is generally seen more positively than China. The Week is part of Future plc, an international media group and leading digital publisher. "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. Other official entities, such as the World Bank, typically lend at concessional, below-market interest rates, and longer maturities. We compiled data from hundreds of primary and secondary sources, put together by academic institutions, think tanks, and government agencies (including historical information from the Central Intelligence Agency). In order to keep the BRI on track, researchers say, Beijing will have no choice but to address borrowers' concerns. 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. sports and entertainment. When it comes to views of the U.S., the pattern is more varied. The threat from China surpasses Africa now, and extends deeply into the Middle East, South America, and the Caribbean. However, international maritime law stipulates that a submerged rock outside of a nations territorial sea generally measured as 12 nautical miles cannot be claimed as territory by any nation. The two countries have stood side by side for many decades. Against this backdrop, much more work is needed to analyze the characteristics and potential impact of Chinas lending around the world. The initiative, however, comes across as far too little, too late. Some African shave already expressed their alarm at the harm to their economy, employment and resources caused by China and its BRI projects. General Stephen Townsend, Commander of United States Africa Command, Senate Armed Services Committee, March 15, 2022. China has drastically changed the African economic landscape in the twentieth century. Dollar amounts please. The claim is that China lends money to other countries, which end up having to cede control of key assets if they can't meet their debt repayments - an accusation that's been long denied by Beijing. Conversely, more people in Malaysia and Singapore hold favorable views of China than the U.S. Why Don't Americans Trust the Biden Administration on Iran? What China's One Belt, One Road really means. "America cannot ignore Africa. 'The Global Gateway': More Empty Promises from the EU? While China has been increasing its annual Foreign Direct Investments (FDI) in Africa -- its FDI flows grew from just $75 million in 2003 to $4.2 billion in 2020 -- annual American FDI flows to Africa have been heading the other way. (+1) 202-857-8562 | Fax China is now Africa's largest trade partner. Islands and reefs: ~75,400 km 2. China might soon face some international lending competition. Many Chinese state developments loans also demand unusual forms of collateral. "America cannot ignore Africa. They aren't just geopolitical rivals; the nuclear-armed neighbors are locked in a dispute that has seen large troop build-ups along their mountainous, 2,000-mile-plus border, and clashes including melees with clubs, sticks and stones. The Socotra Rock, which lies 4.6 metres below the surface of the Yellow Sea, is the subject of a territorial dispute between South Korea and China. That is reportedly "$8 billion more than what the other top eight lenders combined, including the World Bank, African Development Bank, and the US and European development banks, contributed." FILE - China Shipping Company containers are stacked at the Virginia International's terminal in Portsmouth, Va., May 10, 2019. The clashes were the first to result in fatalities in the border area in at least 45 years. "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. "We hear from public officials in China all the time, saying 'Look, you're in the only game in town'," explains Brad Parks, executive director of AidData. This control threatens the ability of U.S. companies to access key supplies.". In November, Chinese vessels blocked and used water cannons on two Philippine supply boats that were heading to a disputed shoal occupied by Filipino marines in the South China Sea, The Guardian reported. The AidData researchers - who have spent four years tracing all of China's global lending and spending - say that Chinese government ministries are regularly going to them for information on how Chinese money is being used overseas. China hands out at least twice as much development money as the US and other major powers, new evidence shows, with most of it coming in the form of risky high-interest loans from Chinese state banks. Increasingly, Chinese loans appear to require borrowers to promise hard cash earned from selling natural resources. Video, 00:02:36, On board the worlds last surviving turntable ferry. Feel free to contact us anytime using our contact form or visit our FAQ page. As we mentioned in our previous post, the US has offered a latest estimate of Russian troops killed in Ukraine. In Malaysia, Singapore and Spain, the opposite is true. 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. If China is concerned about giving up the top spot, India doesn't seem entirely thrilled about claiming it. China has been a major player in Africa politically and economically and secured long term contracts to guarantee supply of metals, minerals and hydrocarbons to meet the needs of its industry for the coming decades. . . But while many more continue to have confidence in Biden, positive views of his leadership have taken a downward turn in the past year, falling by double digits in nearly every country surveyed.
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