In listening to Mr. Babones I was reminded of the similarities this situation with Chinas has with Germany in the 1930s and 1940s. Now there are a lot of differences as well, but some striking similarities. First Germany was faced with push back on all sides as it tried to expand pre-WWII. Germany made territorial clams based on historical holding of lands of Greater Germany and on ethnic grounds. This lead it to demand one territory after another. At the same time it rebuilt its military which had been severely limited after the treaty of Versailles. At first it was in secret but when Hitler was confident enough he demonstrated its might to the world and the outside world eat it up, seeing the rebuilding of Germany and its power, and over estimating its strength. This illusion of strength intimidated the French and especially the British into allowing Germany to take territory belonging to other nation states without a fight. This of course ended when Germany invaded Poland on pretext and France and Britain finally declared war, we all know how that turned out. What is interesting is that Germany had a temporary alliance with Russia, that was later broken, in which they gained military technology and international backing. Now China is friends with Russia, a long and very bump relationship, yet there is tension between the two especially after China made claims on Russian territory. Also Germany started an aircraft carrier during WWII and never finished it and now China is trying to build a modern navy and an aircraft carrier. But one more thing sticks out. Hitler overestimated his strength and power time and again, and at the same time underestimated the reactions of his opponents. This started with his invasion of Poland but by the end of the war he was ordering destroyed and imaginary unites around to combat the allies as Germany was slowly defeated. Another less direct comparison can be made with Napoleonic France, though with some significant differences. France was surrounded on every side by powers that were would push back against it, it had few allies, and eventually its could not keep up with the demands of empire, with the invasion and occupation of Spain being an important miscalculation by Napoleon. But I would not push this comparison between Napoleonic France and current China any further. Either way both Germany and France were surrounded by nations that opposed their expansion and were eventually defeated by coalitions of Allied nations who viewed them as very significant threats. Something China has been fostering with its hostile actions and economic coercion with her neighbors for some time.
Now that "Made in China" brand has taken a big hit and the world would seek alternative options, when do you see China to really start feeling the pain?
anyone buying made in china is supporting blood money ,exploiting ulygurs and CCP money is routed via offshore to acquire business western companies needs to be more transparent on share holding from this trusts
@@iguyblr Rightly said. communists will cry wolf if capitalists make even small mistakes in labor management but when they themselves violate every law under the sun it is normal for them including collective loot by the powerful in party. If world is buying thinking they are getting it cheap it is only the sweat and blood of the exploited by politbureau.
When a lender lends money she would analyze if the country would be able to repay or not, if the project being funded is viable or not to generate the income that was expected out of it. im sure China did it's study before leasing Gwadar or lending money to construct Hambantota port. I'm sure the economic viability (or the lack of it) was foreseen. But still if they went ahead with it, then it only means they knew they were going to fail. Maybe their idea wasn't completely economic to find these projects. Maybe it's a geo-political, strategic investment. This thought kind of gets stronger when you they start building military bases and fences around their investments
that's phase one, phase two is factory, manufacture, I just checked www.xinhuanet.com/2019-12/08/c_1125321103.htm look at the smiling face of Sri Lanka primer minister, Mahinda Rajapaksa, to start the export business Sri Lanka must have a port as step one, the next step is to put factory there, such as making smartphone and export to India. Also, shoes and toys....factories. etc.
@@madeinchina1450 and then military installations and then start aggression on civilized democratic world. Better now than later though people will suffer. #ccp is Monster and must be stopped now before it's too late.
Rightly said, china makes sure the projects are economically viable. Moreover the all the contracts are given to chinese companies. So whatever amount of funds they spent most of it is already back in China. Its like heads I win tails you loose. And even if somehow the coin manages to stand on edge stil no loss for china. It's pure risk free investment.
The tide is turning against China. Their BRI is in deep trouble. Investments in Africa is also in trouble. With 🇺🇸 being China's main trading partner going all out against them is the worst news. Deep trouble ahead
@Event Horizons They should throw them off their busted dam... That would be too nice.... They need to witness the CCP sinking like titanic... I'm losing everything cause of them bastards...
@fairplayall "Soon no one wants the dollar." Now get another 50 cents. Really, are you nuts? Even the CCP is heavily invested in the US dollar, US funds and properties. Renminbi is fake, cooking the books, unstable and knowledgeable Chinese are switching to the US dollar if they could. So many mainland Chinese working and investing in the US, loving the Yankee dollar. BTW, there are runs on the CCP controlled banks - ha, ha. No point in arguing, good luck to you, hope you don't become an involuntary life organ donor.
@Simons Douglas Oh yes, you must be right. I mean why else would these countries send trillions in aid, offer citizenship to refugees, and feed the starving masses? Must be pure hatred
400 million people live along the Yangtze River which is now flooded. Some people in China live off of as little as $2 a day. Their middle class average in the poorer sections is a similar to 1100 per month. The big cities are covered in water and covid-19. More mysterious is the fact that the grain silos are not only empty but they mysteriously burned down just before inspection despite being built from non flammable material. In addition a good many of the grain storage areas have been exposed to moisture and rot. Just in time for the monsoon season so that all crops will fail soon between the current floods and the monsoon and a locust
Do you really think that PRC can move all the oil and other goods through the Karakoram highway. The answer is no. So the only other application is military. Now India is the big boy in the region. If it goes to war with Chinese, gwader will not be a factor.
@rabatha 273 ... you had used some words like "Bed worrior lady"... by using those words, what you are proving? It seemed to be, that you have exhausted all your logic. ... I don't know where you are from... But the logic of sinking an oil tanker with hyperSonic satalite guided missile, seemed to me that you are an online gamer ... so be in your domain of online gaming.... best of luck....
@rabatha 273 what you're the smartest kid on the planet barking on the internet? You know more than CIA, Satellites above? Or is it one of your flat earth logic you're preaching? 10k PKR for all these? I guess MSS and ISI are compromising on quality. You should try selling your mommy to china like your fellow citizens of pakistan. Because thats the only source of your 'one-time' income if you don't own donkeys, goats, cows and pig shit.
Dr. Babones presents a refreshingly different. realistic and refreshing point of view to appraise China's economic-political status. The part I liked best was when he says that China starts believing in its own rhetoric because the external press unquestioningly eulogises Chinese achievement. Great interview!
Every country in the Indian ocean region and South China Sea region needs to quit buying anything from China and quit producing anything in China. No customers means no revenue to buy weapons and force their way into other countries economies. I would also suspect any government leader of being bribed by China if they do a deal with China especially debt trap diplomacy deals. The time is now to say no to China in every way possible. They are nobodies friend. They do not understand win win economics. They only understand when they win and everybody else loses. Say no to China.
I am sorry my point was cryptic. The question was asked in terms of where is the money coming from? The fallacy of composition states what is true for a family is not true for a state. I cannot go into economic theory in detail here. USA can run a massive deficit partly because it is a reserve currency. China has been slowly becoming a super power. Its currency is now a reserve currency. It can afford to finance expensive development projects in poor countries and create a debt trap for them and also force them to use its currency for trade inter se because those countries will not have dollar reserves and the IMF may not lend them.
PCI is a good estimate of growth. I still think China isnt economically as strong as it projects. Huge inequality, fiscal deficit mounting and extremely bad economic plans. Its lending to risky projects of unstable countries only exception is Bangladesh.
What aggression? On the border stance, PM Modi has already admitted that Chinese soldiers never crossed the temporary border line. With respect to SCS, China needs to protect its only seaboard access especially when USA has already over 140 military bases in the region encircling China's western seaboard.
HT Low That would only be true if China's ports were under threat from another nation. The US bases in the Philippines have been reactivated BECAUSE of Chinese aggression. Give it up mate, the whole rest of the world is calling 'bullshit'!
@@stevecadman137 , you do not think China should consider 'threatening' when her only seaboard access to the whole world is surrounding by 140 US military bases, stretching from North Japan down to Guam/Australia, enabling USA to stage a naval blockage anytime? (And USA has exercised this action elsewhere on several occasions.) Do you think USA would not think the same if China (or any other country) surrounds its east coast with a fleet of warships? BTW, please keep your comment civil if you wish to continue any further discussion.
@Lady Anon , thank you for your input. I agree with you entirely - "China is not USA and unlikely to ever become like USA". China will never invade another country at the drop of a hat (or base on fake information like WMD). (USA has not stop interfering in other countries since WW2 & has involved in 5 wars just this last year.) China has only fought 2 wars (reluctantly joined the Korean War in 50s & against Vietnam in 70s because of Chinese persecution in Vietnam). China believes in multilateralism, unlike USA's exceptionalism, and does not interfere with politics of other countries. China does not wish to export its political ideology. You are damned right China is not like USA. Yes unlike USA, China is not a democracy and thank goodness for that. The lack of 4 (or 5) yearly election (as practised in most democracies) ensures a continuation of long term policies for the improvement of the country. Whereas, in most democracies, a change of government usually means a reversal of of any ongoing policies started by the exiting regime. (Eg. the abandonment of ObamaCare, leaving millions without health insurance, the NHS being kicked around like a football every 5 years in UK, etc.) I care not if a country is run on a democratic basis or otherwise. I care that the government adopt policies which look after the welfare of its people and develop the nation. What does a voting system provide apart from a choice of twiddledum or twiddledee, both of which serving the rich ruling elite/corporations? I would suggest before people cry Freedom, etc,. please visit China to see their brand of freedom. China as a civilisation state has been in place for some thousand of years. And it has been successful for centuries because it maintained harmony within its borders. That was why it was the richest country in the last 4 thousand years. Unfortunately due to civil wars as well as its policy of herself isolation in the 17th/18th Century, the country weakened, thus suffered from the colonisation by the West in the past 200 years. China will never allow that to happen again; it just wants to trade and keep to itself, minding her own business. Insofar as the so-called International bodies (like IMF, World Bank, etc.), these came into being by the West after WW2. The rest of the world were hardly ever consulted in their formation because USA/UK/France etc won WW2 and the rest of the world had to follow. Just consider how little the IMF/World Bank etc. have done for Africa, S America and other developing countries apart from serving the needs of the Western countries to ensure a constant supplies of raw materials? I could go on but I realised I must exhausted your patience; so I will end here.
@Lady Anon , I hope we can continue to be civil to one another without being condescending; so please do not ‘praise me’ as ‘a properly educated Chinese person’, followed by a description of me as ‘deluded… brainwashed’. It’s unbecoming behaviour amongst those of us who are here to discuss & share ideas. BTW, I am sorry to disappoint you - I am not a Chinese; indeed, I am a Malaysian, (born & bred) albeit presently living in the UK. Once again I find myself in agreement with you! China’s growth was, in the main, because of her participation in the WTO. Yes, US supported China’s application but by saying ‘letting it join …’ almost imply US owns the WTO; do I detect a scent of American arrogance? You said ‘China’s rise…at the expense of..US..citizens losing their jobs’. For sure, that is how things have turned out. But I thought US is the champion of ‘free trade & competition’? You know the laissez-faire approach, Adam Smith’s invisible hand and all that? All China did was to follow the capitalistic approach as advocated by the free enterprise brigade. Incidentally, US benefited a great deal with the arrangement -> i) US enterprises made HUGE profits from transferring their manufactures to China; eg Apple’s profit on the iPhone is US$400 per unit, half of the US$800 price tag of an iPhone in the US whilst China only gets US$20 AND Apple does not even have a manufacturing plant in China! ii) US public gets manufactured goods they can afford even though their wages have not kept up with the growth of US’ GDP. I think the real problem is that there is a systemic failure of CAPITALISM, a system which is skewed against the working majority of a country. However, I digress. BTW, I do not have ‘contempt .. for democratic societies’, as you put it. Indeed, as a romantic concept, it is great. However, I just feel the concept & the practicality of democracy, as presently practiced in the world, is dodgy (forgive my slang). I name just two flaws :- • The system assumes every voter is equally knowledgeable about politics and we know that is definitely not the case. • The system assumes every member of society has equal influence within society but we know big corporations give huge sponsorships to ensure their interests are looked after. Frequently, in practice, the winning majority ensures their interest are represented and met. This usually is fractional and the general interest of society is not looked after. To move on… you mentioned free press, free speech, free society, etc. It is not true that there is no freedom in China; perhaps the type of freedom is different from the Western concept. For instance, one is very safe in China; a lady is free to wander home after a late night without fear of her safety. One is free from getting shot by a gun-bearing undesirable as guns are not allowed in China. One is free to drink an alcoholic drink at any time of the day and at anywhere on the street, something I understand is prohibited in the most of the states in US. Do you know there are approximately 140k protests annually in China, usually against municipalities, governors, etc.? I could go on with the list. Ahhh… Capitalism and Communism in China, almost an oxymoron but my favourite subject. You see, 21st Century China is a very pragmatic country, not one to adhere to dogmatic principles. China tried to follow pure Marxist principles and experienced major disasters in the 50s & 60s. China also saw the mistakes made by Russia where political reforms were introduced before economic reforms and chaos ensued; only the oligarch came better of . Yes, the CPC permits capitalism to flourish because, in some ways, it is the most efficient ways to allocate resources. However, the command industries are still the domain of the CPC - these are held and controlled by the State Owned Enterprises (SOE) These SOEs are responsible for infrastructure building, poverty alleviation, etc. Make no mistake… if the CPC deems it beneficial for the population to ‘terminate’ any private enterprise, be it Alibaba, TenCent, etc., it will. But it will be because the needs of the people come before the benefits of any individual or enterprise. I have gone on for far too long. I have a lot more to say about HK, Taiwan, Macau, Tibet, Xinjiang, Uighurs, the so-called detention camps, etc. These will have to left for another occasion.
1 word... GREED... we all saw the cheaper bait on the China fish hook, and bought the lesser priced product... its human nature that most of us (self included) is guilty of... BUT... we can & need to cut that line that attaches us to China... and swim away !
@@seminolerick6845 I agree.we can't have fully franked dividends on one hand applauding our companies for their smart move going to China,then screaming our tits off at politicians when we lose our jobs and hand them over to the Chinese.
Senkaku island is Japanese renaming of Diaoyu island which is claimed by Taiwan, Hong Kong, China and overseas Chinese as Chinese land! US is not only running out of money. US is 23 trillion USD in debt.
Anywhere that isn't sucking up to China, US, Taiwan, Japan, India, Australia, UK, Philippines and many more. Germany and Canada can't make up their minds because they have leftists in control but that can change.
We worked with NATO 1800+ till 1995++ we didn't advance they left us with guns and civil wars ,but when China came up we've got nearly every thing roads,Bridges, railways industries,harbours,and economic advancement so I think China is the best,look at your foreign police it falls you
China has been providing loans for many countries under BRI infrastructure is building by chinese companies using chinese workforce (at least high skilled works) for providing better connectivity for chinese manufacturing industries to the demand centre across the globe
While I do agree about the per capita difference between US and China , the fact is that the Chinese can get a haircut for less than 10 dollars while the average American has to pay $70 ......So , its also a factor of the GDP PPP.So , the assessment that per capita income is a big factor in determining a country's economic power is factually and mathematically incorrect.
How do you think China's fake gold reserves can be interpreted in wake of such massive budget deficit and internal debts? Do they really inflate gold reserves just to print more notes and inflate money supply? China also don't have market linked currency rate. Pl share your views.
How out of touch is Salvatore Babones? China's manufacturing strength is unparalleled as is its infrastructure spending. Every country prints its own money so debt is only an issue if it does not have resources to cover it which China has in abundance.
the title is interesting. it should also state that India doesn't even have the money for ambition with neighbouring Iran, let alone regional or global ambition.
@@stevecadman137 what does this even mean? Do Indian really feel good and confident when they tout loudly empty and meaningless rhetoric so they can forget in reality they are doing dismally bad with their ambition if any at all
This kind of expert still has a long way to go to understand China. Actually, it has been “predicted” that China would collapse in the las 30 years. After 10 years, he will understand.
Your comment is intriguing. I admit that various hawks has predicted collapse of China model in last 10 years only for China to grow larger particularly till 2018. Pray elaborate
Chander Balaji If people do analysis “just” based on “data” without understanding the underlying logic, the conclusion would seem plausible and well supported but the reality would go a totally different way. For example, Henry Kissinger understands China better simply because he dealt with China long enough and grasped some of the delicacies.
@@lwty well if we go into things other than data, we will add subjectivity to the analysis. This subjectivity might go either way and there is no way to ascertain that for outsiders. CCP will have actual data and they will take decisions based on that. In absence of data, best we can do is follow the actions CCP takes to ascertain ground reality. But this presumes that CCP is totally logical and efficient, which considering the opaque nature of one party system, I have my doubts. PS: the only input I got from your answer was the remark about Kissinger. I'll look into that. Thanks
Chander Balaji CCP surely could make mistakes. But as long as there are no movements like Great Leap Forward and Culture Revolution, everything would just be fine (CCP is not the same CCP back then and doesn’t have the intention even capability to do these kinds of movements). Even after the reform and opening up policy, China has witness far worse scenarios than current issues, late 1980s, the middle of 1990s, 2008 financial crisis and other issues after the huge incentive plan. It is still far away from the danger zone. And even the slowdown of the GDP growth in recent years is a desired outcome, which is intended to release some of the systematic risk. The trade issue and other issues with the US is unexpected at the beginning. But the pressure from the US side triggered the “bottom line” mind set in China both politically and economically. The risk is and will be managed.
lol at the idea of China and Indian nations being poor. A person with two arms and two legs and a super computer between their ears every year can work for 2000 hours 40 hours a week 50 weeks a year, that means for example, basically India has about 1billionx2000hrs=2trillion man hours per year of supercomputing capacity which it chooses to squander every year. How productive the people are permitted to be depends on their societies government which tends to get in the way of people being optimally productive rather than facilitating people being optimally productive, that is due to the representation ratio in society, a healthy representation ratio 10,000:1 ensures a more optimally productive society, a poor representation ratio 720,000:1 or in India's case 1,400,000:1 ensures government policy will be set to enrich a few at the expense of the many this is usually accomplished by making people less productive by not representing their interests in societies government and siphoning off the produce of their labors to enrich a few at the expense of the many is what governments throughout history usually do. - China and India are not poor nations they are the richest nations on earth with about 1.4 billion people in both nations, America is the 3rd richest nation with 330 million Americans, however, China and India's governments due to their incredible poor representation ratios handicap both nations so the people are impoverished in China and India by poor representation of their interests in their societies government. America has bifurcated representation system city, county, state, nation, it is at the national level that Americans representation ratio is impoverishing Americans to enrich the satan worshiping witch central bankers for the last century. - Peoples representation ratio their interests represented in their societies government is their wealth or lack of representation is their poverty, their impoverishment. - Its basically been Satan worshiping witch scammers verses humanity for 6,000 years since the serpent deceived, Adam and Eve. The five billion copies in print of the 3500 year old book of Job illustrates Satan seeking representation of his interests in the government of heaven before the creator to gain more power on the earth which he used to impoverish Job, Satan murdered Jobs children, and stole Jobs wealth redistributing Jobs wealth to Satans minions on the Earth, and Satan afflicted Job with sickness, not at all unlike what the satan worshiping witch central bankers are doing with the Covid-1984 plandemic. However, the all wise creator Jesus Christ permitted the degradation of Job and has enriched billions of people with Jobs narrative, and for Job honor among the billions of people who have been enriched by his narrative. As far as China running out of money to continue its colonial projects around the world, Iran recently began to subsides Chinas colony expansion being paid in African inflationary currencies upto two years after Iranian oil is sold to China, thus the Israel/Iran tension narrative is used by the central bankers to push American led sanctions upon Iran to force the Iranians to subsides the central banker projects via china in Africa. I will be a little surprised if China does not attempt to in the years to come to build an Iran oil pipeline bypassing the Indian ocean. - However, as the environment collapses due directly to the efforts of the satan worshiping witch central bankers so to will the mankind empowered colonial projects, once the AI robotic narrative comes to maturity the environment will hardly matter to economic matters, AI robots hardly care how polluted the water is to function or if there is any food crops for people to eat, but for mankind it is the intentional sterilization of all life on the earth by the satan worshiping witch central bankers and their minions. - John 10:10 The thief cometh not, but for to steal, and to kill, and to destroy: I am come that they might have life, and that they might have it more abundantly. - It is not optional for the people of the nations to demand representation of their interests in government via a healthy representation ratio to do anything less is inevitable extinction. - Yet all I hear from mankind is banzai banzai banzai
China has national banking China spends its money on physical economy Australua & USA spends their money on speculation. Get educated to tge real economy
This expert is so pusillanimous that he named every country then finally said Austalia. Goron ki phat chuki hai kyonki sabhi giri economies China ke sahare chal rahi thi. Inko samajh nahin aa raha ki jaayen Kahan aur aage kaise kaam karna hai.
Also, since Jackie Chan said he was proud to be part of the CCp... His movies are completely banned from my kids' movies!!! To me, he's just like any other CCP's criminal!!!
In listening to Mr. Babones I was reminded of the similarities this situation with Chinas has with Germany in the 1930s and 1940s. Now there are a lot of differences as well, but some striking similarities. First Germany was faced with push back on all sides as it tried to expand pre-WWII. Germany made territorial clams based on historical holding of lands of Greater Germany and on ethnic grounds. This lead it to demand one territory after another. At the same time it rebuilt its military which had been severely limited after the treaty of Versailles. At first it was in secret but when Hitler was confident enough he demonstrated its might to the world and the outside world eat it up, seeing the rebuilding of Germany and its power, and over estimating its strength. This illusion of strength intimidated the French and especially the British into allowing Germany to take territory belonging to other nation states without a fight. This of course ended when Germany invaded Poland on pretext and France and Britain finally declared war, we all know how that turned out. What is interesting is that Germany had a temporary alliance with Russia, that was later broken, in which they gained military technology and international backing. Now China is friends with Russia, a long and very bump relationship, yet there is tension between the two especially after China made claims on Russian territory. Also Germany started an aircraft carrier during WWII and never finished it and now China is trying to build a modern navy and an aircraft carrier.
But one more thing sticks out. Hitler overestimated his strength and power time and again, and at the same time underestimated the reactions of his opponents. This started with his invasion of Poland but by the end of the war he was ordering destroyed and imaginary unites around to combat the allies as Germany was slowly defeated.
Another less direct comparison can be made with Napoleonic France, though with some significant differences. France was surrounded on every side by powers that were would push back against it, it had few allies, and eventually its could not keep up with the demands of empire, with the invasion and occupation of Spain being an important miscalculation by Napoleon. But I would not push this comparison between Napoleonic France and current China any further. Either way both Germany and France were surrounded by nations that opposed their expansion and were eventually defeated by coalitions of Allied nations who viewed them as very significant threats. Something China has been fostering with its hostile actions and economic coercion with her neighbors for some time.
Now that "Made in China" brand has taken a big hit and the world would seek alternative options, when do you see China to really start feeling the pain?
China is doomed. Wait it will go USSR way
Not in your life time!
anyone buying made in china is supporting blood money ,exploiting ulygurs and CCP money is routed via offshore to acquire business western companies needs to be more transparent on share holding from this trusts
@@iguyblr Rightly said. communists will cry wolf if capitalists make even small mistakes in labor management but when they themselves violate every law under the sun it is normal for them including collective loot by the powerful in party. If world is buying thinking they are getting it cheap it is only the sweat and blood of the exploited by politbureau.
i'm boycotting all chinese products for sure
The more I see of your interviews the more I grow my respect for you Amitabh. You are most underrated highly professional Indian Journalist
I think so too!
Not underrated by me ... I'm now going through his back-catalog!
pretty much everyone has had a gutful of china
When a lender lends money she would analyze if the country would be able to repay or not, if the project being funded is viable or not to generate the income that was expected out of it. im sure China did it's study before leasing Gwadar or lending money to construct Hambantota port. I'm sure the economic viability (or the lack of it) was foreseen. But still if they went ahead with it, then it only means they knew they were going to fail. Maybe their idea wasn't completely economic to find these projects. Maybe it's a geo-political, strategic investment. This thought kind of gets stronger when you they start building military bases and fences around their investments
that's phase one, phase two is factory, manufacture, I just checked www.xinhuanet.com/2019-12/08/c_1125321103.htm look at the smiling face of Sri Lanka primer minister, Mahinda Rajapaksa, to start the export business Sri Lanka must have a port as step one, the next step is to put factory there, such as making smartphone and export to India. Also, shoes and toys....factories. etc.
@@madeinchina1450 The dream will leads you to sleepless nights.
@@madeinchina1450 and then military installations and then start aggression on civilized democratic world. Better now than later though people will suffer. #ccp is Monster and must be stopped now before it's too late.
Rightly said, china makes
sure the projects are economically viable. Moreover the all the contracts are given to chinese companies. So whatever amount of funds they spent most of it is already back in China. Its like heads I win tails you loose. And even if somehow the coin manages to stand on edge stil no loss for china. It's pure risk free investment.
The tide is turning against China. Their BRI is in deep trouble. Investments in Africa is also in trouble. With 🇺🇸 being China's main trading partner going all out against them is the worst news. Deep trouble ahead
@Event Horizons They should throw them off their busted dam... That would be too nice.... They need to witness the CCP sinking like titanic... I'm losing everything cause of them bastards...
@fairplayall looks like you're voting for Biden and getting your 50 cents.
SRILANKA wants back HAMBANTOTA PORT which was brutally surrendered by ex pm.
@fairplayall Are dreaming in broad day light. Open your eyes, see long que to WITHDRAW MONEY IN CHINA BY PUBLIC.
@fairplayall "Soon no one wants the dollar." Now get another 50 cents. Really, are you nuts? Even the CCP is heavily invested in the US dollar, US funds and properties. Renminbi is fake, cooking the books, unstable and knowledgeable
Chinese are switching to the US dollar if they could. So many mainland Chinese working and investing in the US, loving the Yankee dollar. BTW, there are runs on the CCP controlled banks - ha, ha. No point in arguing, good luck to you, hope you don't become an involuntary life organ donor.
Fantastic discussion. Right up my interest. Cheers.
Thank you!
Pakistan, Nepal and Srilanka going to pay huge price for dead-end chinese projects in next few years.
African countries too. The foolish people believed China loved them
@Simons Douglas Oh yes, you must be right. I mean why else would these countries send trillions in aid, offer citizenship to refugees, and feed the starving masses? Must be pure hatred
@Simons Douglas I can see through your lies and propaganda. So can others. We aren't the low I.Q race you think we are
@Simons Douglas Nice try 🤣. Only the Chinese would feel insulted by such petty insults. I am certain now that you are a CCP shill
Glad to see a lot of foreign people in the comment section. StratNewsGlobal you guys are doing a wonderful job. Keep it up.
Oil dependency and oil economies would decline drastically now. How does that affect China-Russia relationship now?
1.3 billions at least 850-999 millions middle class with giant saving will help China.
China can survive by her own citizens.
Very articulate and well informed. Thanks.
Excellent, your guest is fantastic. Very knowledgeable.
400 million people live along the Yangtze River which is now flooded. Some people in China live off of as little as $2 a day. Their middle class average in the poorer sections is a similar to 1100 per month. The big cities are covered in water and covid-19. More mysterious is the fact that the grain silos are not only empty but they mysteriously burned down just before inspection despite being built from non flammable material.
In addition a good many of the grain storage areas have been exposed to moisture and rot. Just in time for the monsoon season so that all crops will fail soon between the current floods and the monsoon and a locust
Gwadar is more an insurance against the potential chock hold India can impose on China in the south Andaman sea and Malacca straits
Try it !
Do you really think that PRC can move all the oil and other goods through the Karakoram highway.
The answer is no.
So the only other application is military. Now India is the big boy in the region. If it goes to war with Chinese, gwader will not be a factor.
@rabatha 273 ... you had used some words like "Bed worrior lady"... by using those words, what you are proving? It seemed to be, that you have exhausted all your logic. ... I don't know where you are from... But the logic of sinking an oil tanker with hyperSonic satalite guided missile, seemed to me that you are an online gamer ... so be in your domain of online gaming.... best of luck....
RIP logic. Study the map properly.
@rabatha 273 what you're the smartest kid on the planet barking on the internet? You know more than CIA, Satellites above? Or is it one of your flat earth logic you're preaching? 10k PKR for all these? I guess MSS and ISI are compromising on quality. You should try selling your mommy to china like your fellow citizens of pakistan. Because thats the only source of your 'one-time' income if you don't own donkeys, goats, cows and pig shit.
Drilling samples for the sale of a Canadian goldmine to the Chinese has also been halted
Dr. Babones presents a refreshingly different. realistic and refreshing point of view to appraise China's economic-political status. The part I liked best was when he says that China starts believing in its own rhetoric because the external press unquestioningly eulogises Chinese achievement. Great interview!
Thanks for a very informative and intelligent analysis of China's activities.
Every country in the Indian ocean region and South China Sea region needs to quit buying anything from China and quit producing anything in China. No customers means no revenue to buy weapons and force their way into other countries economies. I would also suspect any government leader of being bribed by China if they do a deal with China especially debt trap diplomacy deals. The time is now to say no to China in every way possible. They are nobodies friend. They do not understand win win economics. They only understand when they win and everybody else loses. Say no to China.
Great guests.
Dont know when this was taped but the Philippines has since asked that the US return to its bases and we have decided to do so , so...
13:50 We don't subsidize our allies? We've been carrying Europe's defense for 75 years.
This reporter is always articulate in his questions.
Have you taken into account the fallacy of composition and that the IMF has allowed Chinese currency to be a global reserve currency.?
I am sorry my point was cryptic.
The question was asked in terms of where is the money coming from?
The fallacy of composition states what is true for a family is not true for a state.
I cannot go into economic theory in detail here.
USA can run a massive deficit partly because it is a reserve currency.
China has been slowly becoming a super power.
Its currency is now a reserve currency.
It can afford to finance expensive development projects in poor countries and create a debt trap for them and also force them to use its currency for trade inter se because those countries will not have dollar reserves and the IMF may not lend them.
I Like your journalism! Keep up the good work.
PCI is a good estimate of growth. I still think China isnt economically as strong as it projects. Huge inequality, fiscal deficit mounting and extremely bad economic plans. Its lending to risky projects of unstable countries only exception is Bangladesh.
What aggression? On the border stance, PM Modi has already admitted that Chinese soldiers never crossed the temporary border line. With respect to SCS, China needs to protect its only seaboard access especially when USA has already over 140 military bases in the region encircling China's western seaboard.
HT Low That would only be true if China's ports were under threat from another nation. The US bases in the Philippines have been reactivated BECAUSE of Chinese aggression. Give it up mate, the whole rest of the world is calling 'bullshit'!
@@stevecadman137 , you do not think China should consider 'threatening' when her only seaboard access to the whole world is surrounding by 140 US military bases, stretching from North Japan down to Guam/Australia, enabling USA to stage a naval blockage anytime? (And USA has exercised this action elsewhere on several occasions.) Do you think USA would not think the same if China (or any other country) surrounds its east coast with a fleet of warships? BTW, please keep your comment civil if you wish to continue any further discussion.
@Lady Anon , thank you for your input. I agree with you entirely - "China is not USA and unlikely to ever become like USA". China will never invade another country at the drop of a hat (or base on fake information like WMD). (USA has not stop interfering in other countries since WW2 & has involved in 5 wars just this last year.) China has only fought 2 wars (reluctantly joined the Korean War in 50s & against Vietnam in 70s because of Chinese persecution in Vietnam). China believes in multilateralism, unlike USA's exceptionalism, and does not interfere with politics of other countries. China does not wish to export its political ideology. You are damned right China is not like USA.
Yes unlike USA, China is not a democracy and thank goodness for that. The lack of 4 (or 5) yearly election (as practised in most democracies) ensures a continuation of long term policies for the improvement of the country. Whereas, in most democracies, a change of government usually means a reversal of of any ongoing policies started by the exiting regime. (Eg. the abandonment of ObamaCare, leaving millions without health insurance, the NHS being kicked around like a football every 5 years in UK, etc.)
I care not if a country is run on a democratic basis or otherwise. I care that the government adopt policies which look after the welfare of its people and develop the nation. What does a voting system provide apart from a choice of twiddledum or twiddledee, both of which serving the rich ruling elite/corporations? I would suggest before people cry Freedom, etc,. please visit China to see their brand of freedom.
China as a civilisation state has been in place for some thousand of years. And it has been successful for centuries because it maintained harmony within its borders. That was why it was the richest country in the last 4 thousand years. Unfortunately due to civil wars as well as its policy of herself isolation in the 17th/18th Century, the country weakened, thus suffered from the colonisation by the West in the past 200 years. China will never allow that to happen again; it just wants to trade and keep to itself, minding her own business.
Insofar as the so-called International bodies (like IMF, World Bank, etc.), these came into being by the West after WW2. The rest of the world were hardly ever consulted in their formation because USA/UK/France etc won WW2 and the rest of the world had to follow. Just consider how little the IMF/World Bank etc. have done for Africa, S America and other developing countries apart from serving the needs of the Western countries to ensure a constant supplies of raw materials?
I could go on but I realised I must exhausted your patience; so I will end here.
@Lady Anon , I hope we can continue to be civil to one another without being condescending; so please do not ‘praise me’ as ‘a properly educated Chinese person’, followed by a description of me as ‘deluded… brainwashed’. It’s unbecoming behaviour amongst those of us who are here to discuss & share ideas. BTW, I am sorry to disappoint you - I am not a Chinese; indeed, I am a Malaysian, (born & bred) albeit presently living in the UK.
Once again I find myself in agreement with you! China’s growth was, in the main, because of her participation in the WTO. Yes, US supported China’s application but by saying ‘letting it join …’ almost imply US owns the WTO; do I detect a scent of American arrogance? You said ‘China’s rise…at the expense of..US..citizens losing their jobs’. For sure, that is how things have turned out. But I thought US is the champion of ‘free trade & competition’? You know the laissez-faire approach, Adam Smith’s invisible hand and all that? All China did was to follow the capitalistic approach as advocated by the free enterprise brigade. Incidentally, US benefited a great deal with the arrangement -> i) US enterprises made HUGE profits from transferring their manufactures to China; eg Apple’s profit on the iPhone is US$400 per unit, half of the US$800 price tag of an iPhone in the US whilst China only gets US$20 AND Apple does not even have a manufacturing plant in China! ii) US public gets manufactured goods they can afford even though their wages have not kept up with the growth of US’ GDP. I think the real problem is that there is a systemic failure of CAPITALISM, a system which is skewed against the working majority of a country. However, I digress.
BTW, I do not have ‘contempt .. for democratic societies’, as you put it. Indeed, as a romantic concept, it is great. However, I just feel the concept & the practicality of democracy, as presently practiced in the world, is dodgy (forgive my slang). I name just two flaws :-
• The system assumes every voter is equally knowledgeable about politics and we know that is definitely not the case.
• The system assumes every member of society has equal influence within society but we know big corporations give huge sponsorships to ensure their interests are looked after.
Frequently, in practice, the winning majority ensures their interest are represented and met. This usually is fractional and the general interest of society is not looked after.
To move on… you mentioned free press, free speech, free society, etc. It is not true that there is no freedom in China; perhaps the type of freedom is different from the Western concept. For instance, one is very safe in China; a lady is free to wander home after a late night without fear of her safety. One is free from getting shot by a gun-bearing undesirable as guns are not allowed in China. One is free to drink an alcoholic drink at any time of the day and at anywhere on the street, something I understand is prohibited in the most of the states in US. Do you know there are approximately 140k protests annually in China, usually against municipalities, governors, etc.? I could go on with the list.
Ahhh… Capitalism and Communism in China, almost an oxymoron but my favourite subject. You see, 21st Century China is a very pragmatic country, not one to adhere to dogmatic principles. China tried to follow pure Marxist principles and experienced major disasters in the 50s & 60s. China also saw the mistakes made by Russia where political reforms were introduced before economic reforms and chaos ensued; only the oligarch came better of . Yes, the CPC permits capitalism to flourish because, in some ways, it is the most efficient ways to allocate resources. However, the command industries are still the domain of the CPC - these are held and controlled by the State Owned Enterprises (SOE) These SOEs are responsible for infrastructure building, poverty alleviation, etc. Make no mistake… if the CPC deems it beneficial for the population to ‘terminate’ any private enterprise, be it Alibaba, TenCent, etc., it will. But it will be because the needs of the people come before the benefits of any individual or enterprise.
I have gone on for far too long. I have a lot more to say about HK, Taiwan, Macau, Tibet, Xinjiang, Uighurs, the so-called detention camps, etc. These will have to left for another occasion.
The question to be answered is; "how did the whole world became stupid?".
1 word... GREED... we all saw the cheaper bait on the China fish hook, and bought the lesser priced product... its human nature that most of us (self included) is guilty of... BUT... we can & need to cut that line that attaches us to China... and swim away !
@@seminolerick6845 Yes. Now see how many institutions are conquered by greed.
@@seminolerick6845
I agree.we can't have fully franked dividends on one hand applauding our companies for their smart move going to China,then screaming our tits off at politicians when we lose our jobs and hand them over to the Chinese.
Very informative and decent interview 👍🙏
It's fun as well as learning to watch this video. The guest made it fun to watch the video. Invite him more to the channel.
Senkaku island is Japanese renaming of Diaoyu island which is claimed by Taiwan, Hong Kong, China and overseas Chinese as Chinese land! US is not only running out of money. US is 23 trillion USD in debt.
made in USA, will be a new craze.
Anywhere that isn't sucking up to China, US, Taiwan, Japan, India, Australia, UK, Philippines and many more. Germany and Canada can't make up their minds because they have leftists in control but that can change.
@@jelkel25 Let go of the leftist rubbish, it was right wing corporates who flocked to China hoping to increase their profits.
We worked with NATO 1800+ till 1995++ we didn't advance they left us with guns and civil wars ,but when China came up we've got nearly every thing roads,Bridges, railways industries,harbours,and economic advancement so I think China is the best,look at your foreign police it falls you
Good let them sink in their adventurous misdeeds.
11:40 YOU can't even read Chinese, that's the problem of most western/Indian experts on China. And he apply Russian and Mexico data to China?
汉服百度 Hanfu Colorful don't need to read Chinese to perceive liars and thieves!
@@stevecadman137 ruclips.net/video/DPt-zXn05ac/видео.html
The United States left the Philippines because they doubled the rent at subic, we packed up and went to Guam
This guy has stripped off and ripped off the entire fallacy calls China.
Thank you, I guess!
That is your point of view. The developing nations love China. She does not bullshit, but she delivers as promise, progress not war.
China has been providing loans for many countries under BRI infrastructure is building by chinese companies using chinese workforce (at least high skilled works) for providing better connectivity for chinese manufacturing industries to the demand centre across the globe
donno how this decent guy Amitabh Revi become an anchor of NDTV criminals
While I do agree about the per capita difference between US and China , the fact is that the Chinese can get a haircut for less than 10 dollars while the average American has to pay $70 ......So , its also a factor of the GDP PPP.So , the assessment that per capita income is a big factor in determining a country's economic power is factually and mathematically incorrect.
All 10 fingers are on many Pies...even it's 10 toes also..Where is d money??
seeking confidences
How do you think China's fake gold reserves can be interpreted in wake of such massive budget deficit and internal debts? Do they really inflate gold reserves just to print more notes and inflate money supply? China also don't have market linked currency rate. Pl share your views.
Watch "China Uncensored" by Chris Chapel on RUclips.
They don't have a Rothschild central bank.
Imagine.
How can one decide about china .... are they giving true statistics ?
CCP may encroach Pak to settle their investment.
CCP may ask their MOU partner RAHUL GANDI for help.
When nations start to run out of money & resources one of their options is to take it from others by force if necessary. Taiwan & Hong Kong first.
How out of touch is Salvatore Babones? China's manufacturing strength is unparalleled as is its infrastructure spending. Every country prints its own money so debt is only an issue if it does not have resources to cover it which China has in abundance.
Checkbook diplomacy never last.
Good one 👍🏻
Where does Jack Ma stand on with HIS "...money..."??? Who owns ... his money right now??? Him or the CC p....???
The love of money is the root of most evil.
Looks like he is working in a hotel, that vest was not a good look.
Thanks yes Amen. Love Chinese people but not government. Freedom is not free. No Jesus no peace.
I had an in-law from China. What a cnt Luca. Ps I think she might be the exception
Well....USA borrows 25% of gdp
the title is interesting. it should also state that India doesn't even have the money for ambition with neighbouring Iran, let alone regional or global ambition.
weichengcn so?
weichengcn the rest of the world will cheer when it becomes obvious that China is a paper tiger
@@stevecadman137 what does this even mean? Do Indian really feel good and confident when they tout loudly empty and meaningless rhetoric so they can forget in reality they are doing dismally bad with their ambition if any at all
This kind of expert still has a long way to go to understand China. Actually, it has been “predicted” that China would collapse in the las 30 years. After 10 years, he will understand.
Your comment is intriguing. I admit that various hawks has predicted collapse of China model in last 10 years only for China to grow larger particularly till 2018. Pray elaborate
Chander Balaji If people do analysis “just” based on “data” without understanding the underlying logic, the conclusion would seem plausible and well supported but the reality would go a totally different way. For example, Henry Kissinger understands China better simply because he dealt with China long enough and grasped some of the delicacies.
@@lwty well if we go into things other than data, we will add subjectivity to the analysis. This subjectivity might go either way and there is no way to ascertain that for outsiders. CCP will have actual data and they will take decisions based on that. In absence of data, best we can do is follow the actions CCP takes to ascertain ground reality. But this presumes that CCP is totally logical and efficient, which considering the opaque nature of one party system, I have my doubts.
PS: the only input I got from your answer was the remark about Kissinger. I'll look into that. Thanks
Chander Balaji CCP surely could make mistakes. But as long as there are no movements like Great Leap Forward and Culture Revolution, everything would just be fine (CCP is not the same CCP back then and doesn’t have the intention even capability to do these kinds of movements). Even after the reform and opening up policy, China has witness far worse scenarios than current issues, late 1980s, the middle of 1990s, 2008 financial crisis and other issues after the huge incentive plan. It is still far away from the danger zone. And even the slowdown of the GDP growth in recent years is a desired outcome, which is intended to release some of the systematic risk. The trade issue and other issues with the US is unexpected at the beginning. But the pressure from the US side triggered the “bottom line” mind set in China both politically and economically. The risk is and will be managed.
Bigger they rise the harder they fall.
how could an invading army using sticks n stones became a superpower < in a hurry>,,,
lol at the idea of China and Indian nations being poor. A person with two arms and two legs and a super computer between their ears every year can work for 2000 hours 40 hours a week 50 weeks a year, that means for example, basically India has about 1billionx2000hrs=2trillion man hours per year of supercomputing capacity which it chooses to squander every year. How productive the people are permitted to be depends on their societies government which tends to get in the way of people being optimally productive rather than facilitating people being optimally productive, that is due to the representation ratio in society, a healthy representation ratio 10,000:1 ensures a more optimally productive society, a poor representation ratio 720,000:1 or in India's case 1,400,000:1 ensures government policy will be set to enrich a few at the expense of the many this is usually accomplished by making people less productive by not representing their interests in societies government and siphoning off the produce of their labors to enrich a few at the expense of the many is what governments throughout history usually do.
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China and India are not poor nations they are the richest nations on earth with about 1.4 billion people in both nations, America is the 3rd richest nation with 330 million Americans, however, China and India's governments due to their incredible poor representation ratios handicap both nations so the people are impoverished in China and India by poor representation of their interests in their societies government. America has bifurcated representation system city, county, state, nation, it is at the national level that Americans representation ratio is impoverishing Americans to enrich the satan worshiping witch central bankers for the last century.
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Peoples representation ratio their interests represented in their societies government is their wealth or lack of representation is their poverty, their impoverishment.
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Its basically been Satan worshiping witch scammers verses humanity for 6,000 years since the serpent deceived, Adam and Eve. The five billion copies in print of the 3500 year old book of Job illustrates Satan seeking representation of his interests in the government of heaven before the creator to gain more power on the earth which he used to impoverish Job, Satan murdered Jobs children, and stole Jobs wealth redistributing Jobs wealth to Satans minions on the Earth, and Satan afflicted Job with sickness, not at all unlike what the satan worshiping witch central bankers are doing with the Covid-1984 plandemic. However, the all wise creator Jesus Christ permitted the degradation of Job and has enriched billions of people with Jobs narrative, and for Job honor among the billions of people who have been enriched by his narrative.
As far as China running out of money to continue its colonial projects around the world, Iran recently began to subsides Chinas colony expansion being paid in African inflationary currencies upto two years after Iranian oil is sold to China, thus the Israel/Iran tension narrative is used by the central bankers to push American led sanctions upon Iran to force the Iranians to subsides the central banker projects via china in Africa. I will be a little surprised if China does not attempt to in the years to come to build an Iran oil pipeline bypassing the Indian ocean.
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However, as the environment collapses due directly to the efforts of the satan worshiping witch central bankers so to will the mankind empowered colonial projects, once the AI robotic narrative comes to maturity the environment will hardly matter to economic matters, AI robots hardly care how polluted the water is to function or if there is any food crops for people to eat, but for mankind it is the intentional sterilization of all life on the earth by the satan worshiping witch central bankers and their minions.
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John 10:10 The thief cometh not, but for to steal, and to kill, and to destroy: I am come that they might have life, and that they might have it more abundantly.
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It is not optional for the people of the nations to demand representation of their interests in government via a healthy representation ratio to do anything less is inevitable extinction.
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Yet all I hear from mankind is banzai banzai banzai
China has national banking
China spends its money on physical economy
Australua & USA spends their money on speculation.
Get educated to tge real economy
Wishes are horses ....
This expert is so pusillanimous that he named every country then finally said Austalia.
Goron ki phat chuki hai kyonki sabhi giri economies China ke sahare chal rahi thi. Inko samajh nahin aa raha ki jaayen Kahan aur aage kaise kaam karna hai.
open and free, alstone and tictok is insulted by free market.
India resolved your own problem
0.21 sec Dr Sahab 🤣
Do you know that China's 3.87 trillion dollars
And they have 30 trillion dollars debt
Go and have a look
China has tge original American system
A money wasting railrosd to Europe?
Drugs
Another Gorden Chang. Sour grapes.
Dr. Babones has always expressed antagonistic remarks against dasi in Australia all the time. Saley ghada
Take chinese money and don't give it back 😂
This is Pakistani strategy. Pakistan is going to do exactly that. 😂😂😂
Also, since Jackie Chan said he was proud to be part of the CCp... His movies are completely banned from my kids' movies!!! To me, he's just like any other CCP's criminal!!!
people in HK will no longer wacth his movies
Poor picture quality, poor sounding, get the 5G connection if you want to play this interview game.
Nobody in the world,wants any kind of shit,"Made in China",No matter how cheap & golden it might look!!
@@galactic-visitoretxavarria1674 please no cheap Chinese products even they give me free.
CHINA is MONEY by itself.*
WEST has to make MONEY .*
So why funny laughs FOR .? *
Salvatore Babones is a propagandist this is a joke.
Biased
😀😁😀😁😀😁😀
Fakenews