Instead, its four focus areas are climate, health and health security, digital technology, and gender equity and equality. China and Taiwan: A really simple guide - BBC News This raises serious questions about the ability of this titan one on which the global economy has come to rely to maintain, let alone enhance, its economic status. In the border region, an uneasy alliance persists, ABC News reported in 2019. In the U.S., we surveyed 3,581 U.S. adults from March 21 to 27, 2022. 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. "I believe both India and China dont want conflict.". 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 Pics: All the countries with which China is in a territorial - WION How India's population exploded to overtake China's and what's next CHINA is "colonising" smaller countries by lending them massive amounts of money they can never repay, it's been claimed. But it has over recent years improved ties with China to counterbalance its long-standing relationship with India, its giant neighbour to the south.. 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". Between 2007 and 2020, China invested $23 billion in infrastructure projects in Africa, according to the Center for Global Development, a US think tank. The hostility, which triggered an angry protest from Manila, was the latest flare-up in the South China Sea, with China claiming virtually the entire waterway and transforming seven disputed shoals into missile-protected island bases. It's not sci-fi any more! Hopefully, China will continue to spend $ billions more in these regimes governments for investments that they will never be able to collect on. The resulting database provided the first comprehensive picture of Chinas overseas debt stocks and flows worldwide, including nearly 2,000 loans and nearly 3,000 grants from the founding of the Peoples Republic in 1949 to 2017. China's Global Network of Shipping Ports Reveal Beijing's Strategy - VOA G7 adopts spending plan to rival China's influence, AI chatbots 'may soon be more intelligent than us', Russia troop deaths hit 20,000 in five months - US, BP profits of 4bn in three months spark criticism, The 17 most eye-catching looks at the Met Gala, The burden of being cricket legend Tendulkar's son, 'My wife and six children joined Kenya starvation cult', On board the worlds last surviving turntable ferry. The BBC is not responsible for the content of external sites. Its loans to lower and middle-income countries have tripled over the past decade, reaching $170bn . Every major world power has strategic interests in Africa but no western power has been able to have its way for long on this continent, that is why all the colonial powers abandoned it. 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. The U.S. is also seen substantially more positively than China in Japan (+58 points) and Australia (+40 points). Beijing residents focus on superpowers as India's population exceeds China's. April 21, 202301:14. Commenters' email addresses will not be displayed publicly. current data from the United States and around the Gatestone also reserves the right to edit comments for length, clarity and grammar, or to conform to these guidelines. on two sectors: "Media and Technology", updated (+1) 202-419-4300 | Main 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. What they are doing is really doing the CCP's PR towards African as well as western publics. 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. "[Those new initiatives] will not have enough real money to address the scale of infrastructure needs in the developing world. 30 APRIL 2023 | NEWS OF THE WEEK - Facebook . In June last year, Malaysia summoned Chinas ambassador after 16 military aircraft flew over disputed waters off its eastern state of Sarawak. Both will have almost 1.43 billion people, according to the United Nations World Population Dashboard well more than a third of the planet's 8 billion-plus people between them. 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. As China's economy becomes more integrated, these regional differences are taking . How does China's lending compare with others? In the 15th century, China occupied Vietnam from 1407 to 1427. The area in question is said to be claimed by both Inner Mongolians and residents of neighbouring Gansu province. In about a third of the places surveyed, more educated people are also more likely to say that U.S. influence is getting weaker. "If a borrower fails to repay its debt," says Brad Parks, Executive Director of AidData, "China can simply debit funds from [this] account without having to collect on bad debt through a judicial process.". This has led to its dispute with several countries, such as Taiwan, the Philippines, Indonesia, Vietnam, Japan, India, South Korea, North Korea, Singapore, Brunei, Nepal, Bhutan, Laos, Mongolia and Myanmar. The new intelligence suggests around 20,000 Russian soldiers have been killed in the . All surveys were conducted over the phone with adults in Canada, Belgium, France, Germany, Greece, Italy, the Netherlands, Spain, Sweden, the United Kingdom, Japan, Malaysia, Singapore and South Korea. Visit our corporate site www.futureplc.com Future Publishing Limited, Quay House, The Ambury, Bath BA1 1UA. The decision followed a warning by Chinas ambassador to the US that the countries could descend into military conflict over the independence of the government in Taipei. One of Laos' few sources of profit, the proceeds of its potash mines, were used to back the massive loan. What's the ROI on gender equity? Can I integrate infographics into my blog or website? The two countries are sparring over the Scarborough Reef and the Spratly Islands. 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.. For generations I have heard in America that all of the problems in Africa are because of (white) colonialism. Russia and China both seek to convert soft and hard power investments into political influence, strategic access, and military advantage." General Stephen Townsend, Commander of United States Africa Command. Please limit comments to 300 words or less. But even then, about 90% of the $100 billion (in todays dollars) spent in Europe comprised grants and aid. Drilling began last year near the Natuna islands within Indonesias exclusive economic zone, the site added. 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. In September, an Iranian appeals court sentenced Ms. Daemi to seven years in prison for her peaceful activism. Currently, only 13 countries (plus the Vatican) recognise Taiwan as a sovereign country. Looking ahead, we find that credit outflows from China have slowed markedly since 2015, in parallel to Chinas ongoing domestic economic slowdown. BEIJING Size isn't everything it's what you do with it that counts. 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). The initiative, however, comes across as far too little, too late. So who is really stuck in a debt trap? It is beyond comprehension how come the West has remained indifferent and overlooked the sinister colonization model China is building in Africa. Weve also documented a recent surge in the number of credit events on Chinese loans, which have not appeared in the reports of international credit rating agencies. 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. Why was there NO reaction from the West. Does Statista also create infographics in a customized design? As early as the 1970s, countries began to claim islands and various . Beijing began raising the question of sovereignty over the islands in the the 1970s when evidence of oil reserves in the regionsurfaced. This gap in perceptions is largest in Australia, where more than three times as many say Chinas influence is growing than say the same about American influence (73% vs. 19%). Views of Biden remain much more positive than views of Xi. China has the power to take Taiwan, but it would cost an - CNN China does not publish records of its foreign loans, and the majority of its contracts contain non-disclosure clauses which prevent borrowers from revealing their contents. Despite that, there's little doubt China's economic involvement in Sri Lanka has grown in the past decade, and concerns persist that this could be used to advance its political ambitions in the region. China was able to do so by lending those countries massive amounts of money they can never repay. It is estimated that 12 percent of Africa industrial production, or $500 billion annuallynearly. 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. 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.". 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. "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. China's economy grows 2.3% in 2020 as recovery quickens. The sheer amount of Chinese lending is startling. . And 3) Forecasters of global economic activity are missing an important swing factor influencing aggregate global demand. (Ideology was not asked in Japan, Malaysia or Singapore.). January 02, 2022 06:30 AM. On the borrower side, debt is accumulating fast: For the 50 main developing country recipients, we estimate that the average stock of debt owed to China has increased from less than 1% of debtor country GDP in 2005 to more than 15% in 2017. "Our competitors clearly see Africa's rich potential. "In an average year, China's international development finance commitments amount to about $85bn. . AI chatbots 'may soon be more intelligent than us', Russia troop deaths hit 20,000 in five months - US, BP profits of 4bn in three months spark criticism, The 17 most eye-catching looks at the Met Gala, The burden of being cricket legend Tendulkar's son, 'My wife and six children joined Kenya starvation cult', On board the worlds last surviving turntable ferry. Djibouti, Laos, Zambia and Kyrgyzstan have debts to China equivalent to at least 20% of their annual GDP. The area is also close to key shipping lanes and rich fishing grounds. 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 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). Failing to account for these hidden debts to China distorts the views of the official and private sectors in three material ways. All rights reserved. has called the level of debt many countries once again . China and India are the world's population behemoths but their demographics are very different. That's because central government institutions aren't named in a lot of the deals struck by Chinese state banks, keeping such deals off government balance sheets and hidden by confidentiality clauses that can prevent governments from knowing exactly what has been agreed behind closed doors. More countries have opted to take the strictest measures possible to contain it. According to the BBC, a leaked government report is the first time there have been official claims from Nepal of Chinese interference in its territory. An analysis finds 50% of Chinas loans to developing countries go unreported. 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. In Hungary, which was last surveyed in 2019, views of the U.S. are down while opinion of China has not shifted. Both countries also have a long history of invading other countries. non-commercial websites. In Australia, the Netherlands and Sweden, for example, younger people have much less positive views of the U.S. than older people do. The new imperialism. At the end of 2021, of the 98 countries for whom data was available, Pakistan ($27.4 billion of external debt to China), Angola (22.0 billion), Ethiopia (7.4 billion), Kenya (7.4 billion) and Sri Lanka (7.2 billion) held the biggest debts to China. China shares a contiguous border of 292 miles with Bhutan and territorial disputes have been a source of potential conflict. . views, likes, loves, comments, shares, Facebook Watch Videos from Prime Television Zambia: NEWS OF THE WEEK || 30 APRIL 2023 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. . 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. 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. Western workers should stay out of Africa, its too dangerous. The region has also previously been the site of violent tensions between minority ethnic Mongolians and Han Chinese. "Their message is: 'You're going to repay us before anyone else because we're the only ones asking for this prized possession'. The required repayment period for a Chinese loan is also generally shorter - less than 10 years, compared to around 28 years for other lenders' concessional loans to developing countries. China has vastly outpaced all other countries in development financing, but the way in which Beijing has reached that level is "extraordinary", AidData says. That is reportedly "$8 billion more than the other top eight lenders combined". 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. At the same time, however, there are no countries where more than half say U.S. influence is weakening, either. And while armed conflict directly involving the Philippines is unlikely, there remains a growing potential for incidents at sea to escalate. Ukraine war latest: 'Explosion derails train' in Russia - Sky News China's growing role in international finance has remained obscure, mostly due to a lack of data and transparency. "[That is] income for these very poor countries, dollars and euros, to lock those up in an offshore account that's controlled by a foreign power. To find out more, please review our Privacy and Cookies Policy. The Week is part of Future plc, an international media group and leading digital publisher. Despite the large size of Chinas overseas lending boom, no official data exists on the resulting debt flows and stocks. Election Integrity's Biggest Threat: Big Tech, The Biden Administration's Vacuum of Leadership, Thousands of Political Prisoners are Rotting in Turkish Jails. Such hype lacks a basic understanding of the law of population development, it said. China continues to deepen its engagement in Africa on all levels. China is alarmed by the Quad. The BBC is not responsible for the content of external sites. "The U.S. and Japan have smaller populations, but it doesnt mean theyre not strong powers. The talks came only two months after Wang Yi visited Eritrea, Kenya and Comoros. Daniel Grizelj/Getty Images. 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. Over 418,000 People Newly . The articles printed here do not necessarily reflect the views of the Editors or of Gatestone Institute. Note: Here are the questions used in this report, along with their responses, as well as its methodology. Summary. How China Will Take Over The World - Forbes Atena Daemi, a popular 29-year-old women's rights activist and campaigner against the death penalty, was violently re-arrested by Iranian authorities on November 26, 2016. A powerhouse in global trade, China has more shipping ports at. After the Ukraine conflict has been stabilized and Putin has been forced out of power (eliminated) Russia will be reduced to a second rate power at best (with nuclear weapons) with only its petroleum products to sell to Europe. 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. China has joined this and says it has contributed "the highest amount of debt repayment" of any country taking part in the plan. Assessing repayment burdens and financial risks requires detailed knowledge on all outstanding debt instruments. US-China Economic and Security Review Commission, 2020 annual report to Congress. Manila is facing a deadlock in a dispute it cannot resolve alone, the International Crisis Groupwarned. 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. Given China's rapid growth over the last few decades, many economists were already predicting that it would overtake the United States . For instance, in Greece, 60% of those on the right have a favorable view of the U.S., compared with only 22% of those on the left. 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.. Most Chinese loans have helped finance large-scale investments in infrastructure, energy, and mining. Across the surveyed countries, a median of 32% describe U.S. influence as getting stronger, while 37% say it is staying the same and 27% say it is getting weaker. The Communist nation is known to have border disputes with as many as 18 countries. A dozen of these countries owe debt of at least 20% of their nominal GDP to China (Djibouti, Tonga, Maldives, the Republic of the Congo, Kyrgyzstan, Cambodia, Niger, Laos, Zambia, Samoa, Vanuatu, and Mongolia). China Merchants, founded as a patriotic enterprise in 1872 to attract Chinese capital to take on Western shipping lines, manages 36 ports in 18 countries. The Chinese Communist Party's Secret Projects in the US: What Is Going On? 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. 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. The Hong Kong authorities have arrested more than 110 people in national security investigations over the past year, charging 64, including most of the city's best-known pro-democracy activists . 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. While views of the U.S. and China have remained mostly stable over the past year, attitudes in some countries have shifted. Since 2013 a Chinese Coast Guard ship has been stationed near Luconia Breakers, an area about 80 nautical miles north of Sarawak. The Chinese embassy in Kathmandu denies any encroachment. 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. In June 2020, soldiers clashed in hand-to-hand combat as a border dispute threatened the uneasy truce between the worlds most populous nations. Africa's challenges, opportunities, and security interests are inseparable from our own. Our competitors clearly see Africa's rich potential. China is doubling down on its territorial claims: here's what you need Longer submissions are unlikely to be published. industries; and "Economy and Society", which National Security Threat: Another Latin American Country Chooses China, China Winning Technological War: Biden Administration Allowing It, China Crosses "Red Line" Advancing Russia's War Effort. Here's a thought: Let the European Union deal with Africa and let the United States deal with South America. In most countries, people on the ideological right and left feel similarly about China. Africans will continue to move westward and northward by the millions. But when we asked the World Bank for a breakdown by country, it said it could not share the information. Beijing "alleges that it owns large parts of Laos on . Between 2000 and 2017, other countries' debt owed to China soared ten-fold, from less than $500 billion to more than $5 trillion, according to the study from Germany-based think tank the Kiel . under the Creative Commons License CC BY-ND 3.0, may be used Since taking power in 2012, Chinese President Xi Jinping has helped cement China's position as a global superpower -- and pushed forward an aggressive foreign policy, making bolder moves in . IMF lending is transparent, and it is usually conditioned on a plan to improve national policies. The details are given below: . The white population are being dealt a bad hand in South Africa.Very few are expressing any concern about them even less doing anything about it. Territorial changes of the People's Republic of China - Wikipedia In both countries, the share who see China positively is 16 points greater than the share who see the U.S. in the same light. Another South China Sea dispute. The population is important, so is talent, he told a daily briefing this week. Many of Chinese premier Xi Jinpings disputes centre on control of the South China Sea. Not too long ago China received foreign aid, but now the tables have turned. 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. Since 2011, trade between the US and Africa has been in decline. please visit our agency website, Your contact to the Infographics Newsroom, Find your information in our database containing over 20,000 reports. "The loan that China's Eximbank made to cover part of the equity really showcases the urgency of the Chinese state to push through the project," explains Wanjing Kelly Chen, research assistant professor at the Hong Kong University of Science and Technology. "Over the last two decades, and especially under General Secretary Xi's leadership since 2012, Beijing has launched new initiatives to transform Africa into a testing ground for the export of its governance system of state-led economic growth under one-party, authoritarian rule. 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