Gravitas: Philippines to exit China's Belt & Road Initiative | An embarrassment for Xi? | | Gravitas
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- Опубликовано: 8 фев 2025
- Chinese President Xi Jinping's dream project, the Belt and Road Initiative has suffered yet another blow. The Philippines has decided to exit it. With that, it has become the second country to do so after Italy. Why are countries pulling out of BRI? Is this the beginning of the end of BRI?
#bri #xijinping #gravitas
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The Philippines did not literally exit the Belt Road Project. Its just that China just did not even start anything on the project and just kept it hanging. It was only right for the Philippines to default the project and seek for other investors. India, Japan and ADB were interested in the project
As you know, its politics. China doesn't trust Philippines, no reason to lend money for infrastructures. Would you lend money to a person who befriended your enemy?
I thought this is the downfall of Philippines guess I'm wrong especially Marcos got so much investor from AUSTRALIA JAPAN AND UK and got project from us nuclear power plant.
@@HABIBIBIBIBIBI50 Philippines is far off from going to a downfall without the China Investments. Our true heroes are still the OFWs who remits billions of dollars to the Philippines coffers. As for the Nuclear Power Plant, i am all for this, but will it translate to lower cost of Electricity? And all the renewables are cheaper to install but is it reducing our electric bill? The way it is our ERC is so corrupted it needs a total revamp.
Philippines is literally exit because of West Philippine Sea issue
True or not the Philippines should do it earlier, we know china can't be trusted
As a Filipino I welcome this as a very good news, we do not need funding from china which is notorious in using their projects as debt traps, their infrastructures are not durable and will only generate few jobs as they always tend to hire their own people and use substandard materials.
This is a very good news
Which good news? Debt traps are welcome from us. All the show is designed and played by us a country that has milions innocents humans blood on her hands. China har never fell a bomb under last 40 years, is a friendly country that despite us does not babble but act really with many examples in different countries.
Tama kabayan
Good, go to the IMF and world Bank then see what a real debt trap looks like.
@@eish3291dont cry insect
so true
Philippines pulling out from BRI shows that there is freedom to choose.
Yes absolutely we dont rely on cheap products and infrastructure.
Free china west sea from Philippines
@@allkindofstuff5565 China have sea on west Ughyur crying on you haha
Here comes Sara!😉
Because China delayed always the infrastructure..2018 is the beginning of construction but until 2023 nothing gonna happen of infrastructure funded by China
Huge respect for the Philippines' independent thinking! This is the beginning of a great journey for the nation!
Let's see if independent thinking is now going to get Japan or other countries to help them build their country free of charge.😅
@@eish3291 Independent thinking is when you know that 'nothing' comes free of charge :)
@@eish3291 Why free of charge? The Philippines can afford paying its own loan, thank you very much. Much of railway projects in the Philippines are funded by Japan.
@@eish3291as if China's infra is being offered as free of charge.😂
@@eish3291Mahilig ka siguro sa libre when in fact Philippines can pay billion pesos for its infrastructures
Among ASEAN nations, The Philippines don't have much infrastructure financed by Chinese death trap loans. Many years ago, Malaysia warned the Philippines on the Belt and Road initiatives of China. Instead, The Philippines stayed with Japan. Their infrastructures like the big subway project is financed by Japan at a very low-interest rates of .001%.
One reason why Indonesia, Malaysia, Singapore, Cambodia, Laos, and Thailand are silent OR DUMBFOUNDED in the issue of the South China Sea is that they are in the pocket of China.
Every man for himself. The Philippines are not getting support with the Asean, therefore she has to secure her sovereign right by all means ..... herself. Vietnam will do the same.
Debt trap not death trap😂
@olivercharm9256 it's a death trap - everyone knows debt but the high interest rate will kill you to death.
It's a sarcasm.
@@zzzzzsleeping Ok agree
Because the 153 BRI countries are all fools, they must be China's military colonies, so they are forced to not choose best Western and Japanese loans. Hahaha
Inflate Communist China Flag 🇨🇳
and
See the RED two(2) eyed beast
with eight(8) horns
See Geography
Taiwan will be taken by force to complete the second eye of the dragon.
1.about to swallow North Korea
2.about to swallow the Lion
Philippines the Lion
Manila and Luzon FOREHEAD
Palawan Island SNOUT
Panay Island the EYE
The Lion with Three(3) Stars
The Official Seal of The Office of
The Philippines President
Scripture:
Revelation 12:4
New International Version
4 Its tail swept a third of the stars out of the sky and flung them to the earth.
The dragon stood in front of the woman who was about to give birth,
so that it might devour her child the moment he was born.
There are some alternatives for Philippines in infrastructure projects:Japan, India, South Korea and Indonesia
Those are pro Western countries and which are bound to fail being America not a reliable partner.
Maybe.
Indonesia? They are xin's debt slaves
Japan and South Korea
@@kamelyoj3711 Japan is the most because some of them are using Japanese technology
Good for Philippines 🇵🇭
America will already help you, isn't it?????? too many of you still believe in fairy tales!!!!!
@@premudar Nope, the Philippines is partnering with Japan for the railway project!
why you sound angery? this is jsut pure business@@premudar
@@maxyl12SIR, HE IS A WUMAO LOSER, NO WONDER HE IS SORE😂😂😂
@@premudarthere are countries other that China and America. Most of our infra projects are funded by Asian development bank and Japan (JICA).
Good for the Phillipino people. The people see the light
Because Philippines are not crazy to continue dealing to China with big percentage of interest rate. Look what happen now in Srilanka and other Countries in Africa.
SriLanka's mismanagement of their country wasnt China's fault. So is Phillipines'. You guys select your own leaders, not China.
@@mejust8392stupid!
@@mejust8392ok Commie
China interest rate is the lowest and no political strain attached. Why it is debt trap not the others?
Yeah and look at Indonesia too.
no to debt trap yes to 🇯🇵 support for 🇵🇭
From CHINESE DEBT, to Japanese DEBT 😂?
Better loan deals from Japan and US????
Pay triple and will wait for a decade or so.. Slow boat to Japan... Indonesia already reach the moon... Lol
Japan is sinking too. Japan will not give big credits to Philippines because the Administration is WEAK
@@しかたぜんだ first of all, CHINESE DEBT TRAP DIPLOMACY, is a US invention, created by Mr MATTHEW POTTINGER... this is the same Guy who have been going to all EU Countries, asking them to stop using HUAWEI Equipments "in the name of Security" this is what US calls : Detering CHINA.
You must be so happy that the Philippines is exiting BRI.
China supposedly promised the Philippines 24B-26B dollars in investments and loans.
The projects which were supposed to be funded by Chinese loans and investments were very critical to the Philippines.
However, China delivered so little and the projects didn't took of beyond the drawing table.
There's now talk that China merely hoodwinked the Philippines so that China would have an easier time solidifying its presence in the South China Sea as the Philippines tone down their response to China's expansionist moves in the region.
It seems that China deliberately baited the Philippines and sabotaged the growth of the Philippine economy which was powering ahead in the region.
Had China not promised to finance the projects which were very critical to Philippine economic development, GDP Growth and job generation, the Philippines could have already sourced funding elsewhwere and the Philippines would have had higher gdp growth and lower unemployment in the last couple or so years.
I am friend to some Philippine.
For some reason, they don't like Chinese but impress the Chinese work ethics.
Why the Philippine people retain the colonial mentality mind sets?
This is liked if you slave and oppress them, they comply.
Very well explained. If Filipinos didn't vote that old guy that doesn't really care with the lives of the Filipinos, we could have been in much better situation now.
@@lemoneyd_we voted him because he did care only shows that you know nothing or not a citizen or your a yellow fanatic
last few years? How long has the fking philipines been a mess? 35years and nothing has really changed in the phillipines and yet you blame china?
You have replaced the pro American president
As a filipino i have a trust issue with china, their words are different from thier actions, keep harassing our fishermen, coastguard, inside on our own EEZ, leterally they have no respect to the philippines soveriegn rights and im glad those project were cancelled im hoping in the future to totally break relation with them including trade and everything. They are not the only manufacturing hub anaymore, thier are many asian countries that philippines can import the same product that we get from china.
Kaya nga. Unti-unti na nag-aalisan mga foreign company sa bansa nila. Mararamdaman nila malaking epekto niyan sa ekonomiya nila kapag nagpatuloy pa.
How about AMERICA? Responsible for more slums in your country lke india
Excellent move of our President Marcos, keep up a good works.
President Bong Bong Marcos's decision to leave the Road and Belt initiative under American pressure is nothing more than a trade off between Philippines and the USA. Joe Biden is luring Bon Bong so that in a near future the Philippines government can recover late president Ferdinand Marcos" billions of US $ assets which have been frozen in US banks for the past 30 years! "Chassez le naturel, il revient au gallop"(Chase away the natural, it comes back at a gallop). It is in the gene of the Marcos family hen it is a question of money! ! The Filipino people must open their eyes! Roland Tsang kwai kew
China will not support philippines to its progress coz it will give them problem in the future with regards to wps issue
china is invading their territory and constantly threatening them, "michael" the wumao
It's not just about WPS. The a historic war coming.
World war 1 -1839
World war 2 -1939
World war 3 -????
Its the same with american thats why we need 3rd party for investment japan,india and other like minded countries.
nothing to do with Americans, wumao@@Goodluckbae-v6q
who cares about China. China is now bankrupt.
Possible debt trap in the future if they allow that.
In this case, India should step in the vacuum and do these jobs for the PH, not just talk about it day in and day out in Wion
Well said@huanghermann! Indians are known to speak a lot, and actions zero!(when they are in group they are very strong) Modi is friend with everybody(all countries) because he is a coward! Look, what he is doing in India, introducing the non-conversion law, forbidding Indians from converting to other religions. What a good 'old man, he is!
Japan alr working for industrial plan in the PH after japanese manufacturing in china leaving.. and U.S. plan build nuclear reactor in the PH. China is losing access rich metal resources in the Philippines.
Aske India and Vietnam about the infrastructure Japan built for them, It was over budget and 5 yrs delayed, and China has to come and rescue Vietnam after the Bridge Japan built colleps. China doesn't need PH NR they get it from Indonesia and Vietnam@@ColoniaMurder20
@@ColoniaMurder20Philippines should likewise take advantage of its deuterium reserves to manufacture environmental friendly missiles or to be used for energy.
@@LuisCruz-ne5woenvironmental friendly and missiles do not belong in the same sentence 😂
As China has already stopped funding Philippine for BRI projects, the only thing Philippine could do was to exit from it. Not anything to be excited about.
Yet a lot of china trolls are butt hurt. 😂😂
Im proud of my country to exit it. 🙏🏼🇵🇭 God bless and protect us from any debt traps. We can still trust other countries,like Japan who had projects with our country ,who can be Trusted for making safety roadways & establishments.
Do Japan, South Korea, and Philippines have cash payments for investment? If not, loans are needed, and loans cannot avoid debt traps
Congrats Phillipines!!🇺🇸
wrong flag :(
@@francodaine2415
Letting the Philippines 🇵🇭 know we're with them 🇺🇲
Congratz bong bong marcos!
A bit different with nethanyahu. B. Marcos in SEA, bibi in mid east
@@RatTerminator letting Philippines know that we are "tuta" of US? Lol
Hoy Gising! Juicekolord
@@johnli6430
What the hell does that mean??
They have no one but themselves to blame. The Philippines and Vietnam of all countries both have very understandable reasons to not like the U.S and yet China's absurd foreign policy in the South China Sea is pushing both of them towards the U.S.
More slums for the Philippine
Vietnam, yes, but the Philippines doesn't really have much reason to not like the U.S. The Philippines actually has alot of reasons to be friendly with the U.S.
I personally don't think Vietnam has any reason to be inclined to China. China and the USSR's influence during the war in Vietnam made things even worse, When both US and Vietnam could have negotiated peace earlier, tensions rose and all ended up waving a long and costly war. and after the war, Vietnam was left with the US blockade while China couldn't even afford to help Vietnam to go back on their feet. fortunately the relations between Vietnam and the US have changed for good. Vietnam could become a very developed country if ever they carefully choose their allay this time. for the Philippines there's not closer ally than the US. the Filipino and the American share common values. The Philippines is historically the most Western country in Asia and drifting away from those strong ties with US would be pure nonsense. Philippine-US cooperation is a must for both countries.@@mikek0135
Let's look for the list of Phillipines massacres done mainly by American and Japan forces. Local scholars call these massacres genocide, but American academics use a light, euphemistics concept, they call them "democide". Althought they admit the killing I think they try to wash the blood in their hands considering the killings as innocent and unintentional acts, a terrible but necessary mistake.
"In domestic democide, such as lynchings, the American government was probably indirectly responsible for around 2,000 killed since 1900. But in foreign wars, the American military may have killed hundreds of thousands of foreigners in cold blood, virtually all civilians, and the greater majority of these by bombing". University of Hawaii
After reading some comments I think some Phillipines citizens don't know their own history. Are current filipino students not learning from the past, the well docummented and planned destruction of the hispanic heritage and the list of massacres done by North Americans military during and after the Spain-American war?
the Philippines knew about the debt trap by China years ago. The question is, why settle for loans coming from China when they knew about the debt trap experienced by other countries like Sri Lanka. Secondly, I read that the interest rates on this loans is around 4 % to 5% & you compare that to the Japanese at around 2% interest rate on their loans.
Its not even in debt trap issue. But the issue here is almost delay to build and agree on that particular infrastructure.
It was during the term of china loyalist duterte that the philippines went towards china despite japan and asia development bank offering much lower interest and longer paying period, prompting corruption allegations on duterte which is probably true.
Because of former president dutards he is chinese lap dog.
😅
cuz duterte was brainwashed by xi jinping thru senator bong go thats why they accept the deal.
Hardly surprising Phillippines pulled out of the BRI. They are always the good friend of the US and so listens to them. Good to pull out now before more things are built.
It was seen and too observe that infustructure projects in the Philippines ink with chinese companies DO NOT HIRE local Filipinos workers to build the project But only Chinese workers.
Because there are no more jobs in China, so they created belt and road initiative to give Chinese workers some jobs and gaining profits from the loans that they gave,not wa win win situation for China and lose lose situation for the loaner . No sane government would agree to that arrangements.
BRI is debt trap infact several project in PH, China demand 3% intrest annually while Jpan offered 0.1% thats y all project halted..
US$1=Yan 150 see
Undefendable logic: if Japan is that good, why did PH even consider BRI in the first place?
@@huanghermann5207Well D30 did it inorder to please China and hoping for warm ties and 3% interest is unknown to public until VP leni exposed in congress promting congress to investigate..
@@huanghermann5207 Currently Jpan and SK are on negotiation and willing to financed d project under ODA with 0.1% interest rates🤣🤣🤣
Because of Past political agendas..lol
You might be wondering why China lost interest in Philippine projects - it is because Philippines keeps cancelling them anyway. For the past 20 years, Philippines either cancel the loan or stop China projects. They are notorious for bringing their workers from China which obviously violates immigration and labor laws. They are also importing materials that is already abundant in the host country, thus not paying duties, customs and taxes and their contractors are found to not have sufficient qualification and competence to actually satisfy the requirements of these projects - so good luck with the safety and structural integrity of your infrastructure.
Very good news... one more thing, boycott china products...
And “Made in China” is the greatest.
Have you been sleeping all this while.
@@tonychong5965plus the fact that Japan's loans have even lower interest, go eat your BRI. 😂
Please can I ask, IMF and World bank is the money from the west it's okay and you don't pay interest and if you don't pay your loan they let you go ya right? When it comes out of China it's debt trap nice.
The geopolitical landscape can evolve, and countries may form partnerships outside their traditional alliances. If these nations India, Japan, South Korea are indeed supporting infrastructure projects in the Philippines, it could be a response to China's unfulfilled promises. It's crucial to stay updated with reliable news sources for the latest developments in international relations and infrastructure initiatives.
Inflate Communist China Flag 🇨🇳
and
See the RED two(2) eyed beast
with eight(8) horns
See Geography
Taiwan will be taken by force to complete the second eye of the dragon.
1.about to swallow North Korea
2.about to swallow the Lion
Philippines the Lion
Manila and Luzon FOREHEAD
Palawan Island SNOUT
Panay Island the EYE
The Lion with Three(3) Stars
The Official Seal of The Office of
The Philippines President
Scripture:
Revelation 12:4
New International Version
4 Its tail swept a third of the stars out of the sky and flung them to the earth.
The dragon stood in front of the woman who was about to give birth,
so that it might devour her child the moment he was born.
At least they aren't "neck deep" in debt.
yes, because PH has lesser external debt compared to other countries. Its debts are mostly domestic and they pay their debts as soon as they have the money to do so
@@osteichtyes. All countries have debt. But there are two types of debt. Internal and external. Just search what it means in google.
Since the Philippines 🇵🇭 decides to decouple from China 🇨🇳 and feel great about it. Most of the agriculture products like durian, bananas, etc and if China decides not to import, its economic consequences will be what Australia has gone through. It would be better for the Philippines look towards the US for its produce to help the poor farmers who would suffer from the fallout
European countries will take the fruits and other agri products since the source russia are sanctioned
@@cidjustinmata6129does Russia produces fruits that Phillipines produces?. Does European like durians? Do you know the strict requirements in Europe for fresh fruits importation. Know the facts and realities before starting to comment or better still barking
No problem, there are ALTERNATIVE MARKETS. China is not the only option.
@@BatAskalChina is a huge market…If some don’t want it….I’ll take it.
I’m from South America and China surpassed the US as a top trading partner in some countries.
@@arteson6093 Nope, India is a larger market and they are developing country + lots of potential to grow. China's population is dwindling.
As a Filipino, I never had any issue with where my tax money went as long as it was spent wisely. I did raise my eyebrows when our traitorous ex-president pandered to China, but I wouldn't mind so much if we were getting a good deal. As it happened, we were being served shoddy quantity at a higher interest rate. All the glitz and glamor we got out out of the pivot to China were a bunch of new condominium buildings for online gambling hubs, communities that got gentrified out of reach, and Chinese restaurants that don't cater to the locals. Obviously , while all that "development" was happening our fishermen were being robbed of their livelihood, and their boats were getting rammed or left out on stormy seas, while the traitor in the Palace did nothing. Filipinos aren't just saying no to the BRI for political reasons. We seriously believe based on everything we see that the People's Republic will never be a friend.
It's as if that Binondo bridge was a breakthrough? Laughable what Xi and Du30 did.
*USA:* _"comply or face grave consequences"_
*Phillipines:* _"yes sirrrrrr"_
@@YouCantHandleTheTruth.Both countries self interests align so it makes sense for then to work together. You know whats dumb? Getting caught in a chinese debt trap, crime ridden pogos, drug lords and shoddy infrastructure. Thats the hell hole china’s offering with its BRI.
Its clear the philippines and china will never meet eye to eye when it comes to their dispute in the scs, so common sense dictates the philippines should steer away from anything that will have them indebted to china. But i guess common sense is not common in your neck of the woods. Lol
@@YouCantHandleTheTruth. better the US than an outlaw nation like China.
When your country becomes Ukraine, you know Yanukovych is smart and Zelensky has no idea about geopolitics.
India should start building good brand names. Start with affordable android phones since India has very good IT employees. The only problem would be resources as China controls most resources like precious metals and semiconductors. But Philpines can supply India with those minerals that they need. It's high time for India to take the lead. It just landed a rover on the other side of the moon where no other nations could do.
India is currently the most powerful country and can provide assistance to all developing countries.
It certainly has the potential to become the number 1 economic powerhouse in Asia, and directly contend with China. It a population comparable to China, but its got a long way to go when it comes to the tech manufacturing.
PH and India could team up with Taiwan for those semiconductor chips...
Good for the Philippines
Good for the Philippines 🇵🇭
Well done Italy and Phillippines... More countries need to come forward and boycott China death trap
These 2 countries pulled out because of geopolitics nothing more both pressured by US to pull out. Anyway nothing loss of Philippines as it is another US lapdog and for Italy it was pressured by G7 again pressured by the US.
Good job Philippines. Dont make the same mistake like srilanka
Its ok as long as Respect as to helping one another on other way around to continue protecting humanity and our world.
Condolences to BRI rest in peace.......💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀
Even if the BRI is just for Russia, Iran, Pakistan and China, it will still deliver its intended purposes
@@mabvutophiri5422 Hahahahaha😂🤣🤣🤣 desperate wumao and extremely optimistic. To the point that they are delusional!
@@gersonalves8474 which game over bro, aren't you seeing that Russia is thriving despite being Sanctioned
@@mabvutophiri5422 OMG ccPIGS must be really desperate seeking these aggressive wumao on us here. Hahahaha 😂🤣🤣🤣 China is back in the bicycle era! Ching ching!
_"Condolences to BRI rest in peace.......💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀"_
I can smell and see the fear in your eyes, all of you. Bwahaahaha.
JICA🇯🇵 WILL ENTER MORE PROJECTS IN THE PHILIPPINES🇵🇭
Like in ENDIA ?
Another wise Malay saying for the Filipino readers: When elephants fight the deer should not get in between.
Thanx for this video.❤PH
Japan has railway project in India, what is the result?
Failed 🌟😀
will be completed in year 2090.
Japan have subway project in the Philippines and it's going smoothly about to be finish in 2028.🎉
@@Roamlee23the Japanese are a level like no other. They are such a better alternative than the other. 🎉
@@rajeshkumarm6441
The route is difficult to build over. Much more pillars to build and rivers wider than the average.
It's a justice being served to Philippines
Respect for philippines📈
Why should the Philippines wait for China to fund the railway when they can negotiate better terms with Japan and Korea?
China's ODA Interest Rates is quite high at 3% per year minimum and possibly go up after final negotiation and the deferred payment is less at 10 years compared to Japan's JICA ODA at 0.25 % per annum and 25 years deferred payment then the condition of China to bring workers to do the work instead of Filipinos which usually Japan not doing / asking such absurd conditions
For USD 5 Billion Loan it will save Phil USD 150 million a year of interest payment if Japan finance the 3 railway projects. Possibly one of the project will be financed by South Korea.while 2 projects will be by Japan
Belt &
Road
Initiative
Communist
System.
RoRo is Ph's own belt and road. it only needs to be expanded, as soon as the Ph lower house stops misappropriating the money of the Filipino people.
Good for the Philippines!
USA and the west has ruled Philippines and India for decades show me one major project that they did for them as compare to China.
GOOD CHOICE PHILIPPINES🎉🎉🎉🎉🎉
A move in the right direction. I hope they keep making moves in the right direction.
That is the right move. Nobody in their right mind should enter into an agreement with the Chinese.
Why Philippines pullout??? The loan has very high interest rate , the construction will only benefited China since all of the employment will be 100% Chinese , all of the supplier are Chinese. Plus all of their project were substandard and very unreliable unlike the Japanese counterpart.
substandard is old thinking
But the Philippines' biggest neighbor, Indonesia has a successful speed train system project with China which is currently operational. Why did Indonesia applied for a Chinese loan if it really is a debt trap? Indonesia's speed train system is the fastest in South East Asia.
@@wilsontiu9158 in addition to that it is shared technology thats why its a good deal for the high speedtrain of indonesia...
i think the reason for that indonesia have more balls to defy usa.. and they are not vassal state of usa
Ok very good don't imbest to to China
No "embarrassment for Xi" here, China keeps winning: 'China's foreign trade up 0.03% year-on-year in first 10 months'
Updated 17:25, 07-Nov-2023
"China's total import and export of goods expanded 0.03 percent year on year to 34.32 trillion yuan (about $4.78 trillion) in the first ten months of the year, official data showed Tuesday." ✌
And so? Who cares? China needs that to support the big population. And you’re missing the point here. The BRI is not as affective as Xi hoped it to be.
Yeah,of course coz your mean stream media in manipulated by xingping government. You can't fool the world jutz😂😂😂
BRI is China helping other countries to build infrastructures , if country dont want China help its ok , other countries queing to join BRI.
Helping get higher interest rather. Such a greedy country full of worms.
@@Aruku-Jedo do you know how much IMF and World Bank Charge for Loan interest ?. It depend on countries about 7 - 35 percent interest rate and China only charge 3 - 3.8 percent interest rate with 20 to 30 years loan tenor.
GOOD NEWS FOR CHINA AND THE 140 COUNTRIES OF BRI. THEY WILL BENEFITS MORE WITHOUT ITALY AND PHILIPPINES.
Do not challenge the Philippines with a Marcos as President ,🇵🇭✔️💪🏼
True. Stay away from the Philippines with a Marcos as President. That's why foreign investors prefer Vietnam, Singapore, Malaysia and Indonesia than the Philippines.
There are over 140 countries that are part of BRI. Two drop outs are nothing. India has nothing that is even remotely close.
FINALLY? ITS ABOUT TIME THE PHILIPINES SEPARATE THEMSELVES FRON ANYTHING CHINA!
The Only company can made money in India was British Indian Company since 200 years ago. Philippine is next India. Philippine should exit from ASEAN and RCEP FTZ -> PHEXIT or like British exit EU as Brexit .
The recommendation from Malaysia。 Let ASEAN members to move forward without Philippines and Myanmar.
Good decisions great job 💯💯💯 Phil...
Who else is capable to help the Philippines? The Philippines was a colony of America for 50 years, yet nothing was built for the Philippines
If Italy wants out of BRI Project they must not need to wait till December to Decide, it is US PRESSURE that dictate ITALY Decision, not a big deal. 152 Countries Joins BRI.
The former Philippine president Do Dirty was the only fan of xi bri economic plan. Even his economic managers were very hesitant in doing mega-project deals with the ccp of xi. The whole business community was very wary of xi's questionable business dealings with several other countries.
Pinklawan spotted 😂
@@YukiZeroICC is waving. Cry loser 😂
@@YukiZerototoo nmn sinabi nya,nagsisi nga ako bakit ky duterte ang boto ko eh puta tuta pala ng tsina.
Dutertes friends now are already billonaires.
@@YukiZerobobong dds spotted
BRI stands for the Bait and Rob initiative. Every country should stay clear of it.
140+ countries will be happy PH pulling out and India not in the party.
Wahooo
154 countries upon be exact
Good decision for the Philippines
Well done to the Philippines 👏👏👏Just wait and see how many decades will it take the Philippines to improve its infrastructure and economic growth... Why need China to buy your agriculture products and bother to participate in the current CIIE...shame on you..the Philippines
You are obviously very mis-informed. China exports to the Philippines a lot less than it imports.
Of the more than 50B USD trade deficit the Philippines last year alone, its trade with China accounts nearly for 17B USD or 1/3 of the total annual foreign trade of the Philippines.
More Chinese agricultural products enter the Philippines and not the other way around.
As for infrastructure funding, the Philippines is now being supported by Japan, South Korea, IMF, WB and ADB as well as private companies.
Philippine considered himself as a developed country, like US, EU,Jpn,Aust,and SKorea.These countries don’t need Chinese BRI.This is what Marcos think about his country as the most prosperous country in SE Asia,???
Stupid, we aint biting a fish bait with sweet meatballs. In addition Philippines have more gains from our allies like Japan Australia and u.s, if we will be sticking to them e.u will also be feeding our interest. They would be investing in our country. In reality u.s has more rich business man than china. Having Japan and u. S the first and third biggest economy investing in our country will be far beneficial than sticking to an aggressor.
Yes ! Laughable indeed . DELUSIONAL is the word.
The supposed BRI projects were signed during the past administration but after several years has not moved because funding was not released by China. These projects are very important for the continued progress of the Philippines and the government cannot simply wait a few more years without certainty
Majority of the Filipino lives in extreme poverty, India Japan south Korea America can't build nothing.
Thank you the Philippines was able to avoid the debt trap by china with higher interest rate ,compared to Japan , Korean and World Bank funding.
Who will step in to help develop Italy’s broken infrastructure or the Philippines non existent infrastructure.
The United States? India? I don’t think so.
It’s their mistake but it’s their right to pull out.
Italy Philippines: we quit
Usa: let us in 😂😂😂
We rather trust Americans and Japan than Chinese a lot of African countries falling to there debt trap of China we are not dump like other African countries
Us don’t offer anything in terms of infra in PH. PH decided on Japan with less interest
@@MysteriousChase092 usa need BRI for their infrastructure upgrade
It's a matter of establishing national dignity...
We are also a thinking people...We are also intelligent...
GOD bless us...
It is interesting to listen to Indian news. You will hear things like China is "embarrass", "red face", "fear", "scare" etc. I never hear such descriptions in Chinese news on India. It reminds me of watching kids in my younger days, that are full of anger, jealousy, emotion, etc. If you watch some of the Indian bloggers living or travelling in China, all of them are happy, treated well and with respect in China.
😂😂
Chinese news pay much less attention to India when Indian’s GDP is only less than 1/5 of China.
I'm so thankful that Duterte is no longer the president of the Philippines; welcome back, USA! ...China's economy is declining. India expresses interest to take over major infrastructure projects in the philippines.
India media learns from western media
The bully is rejected😅
An embarrassment? Marcos Junior was the first head of state to visit China in 2023 hoping to improve his country's economy. However due up US pressure, he has to go against China at the expense of improving Philippines economy. His late father has left tons of money in the US which can be frozen if he doesn't work with US. His personal interests comes first, not the Filipinos. It's China that's doesn't want to build the infrastructure for Philippines after having been play out by Marcos Junior. Let's see how well Japan can build the high speed train for Philippines as they're having problems but building it for Vietnam Vietnam has to approach China for assistance. What was mentioned above was reported by Taiwan's political analysts. This show the reporting in your channel is biased and inaccurate.
US didn't pressure the Philippines. It's actually CHINA who pressure the Philippines with it's greedy aggressions in West Philippines Sea. US military bases won't be open once again if China aren't acquiring islands within Philippines EEZ. As you may know, US and Philippines have Mutual Defence Treaty. Any external threat will activate it.
Agreed!!!
Don't delude yourself. US didn't pressure Philippines after the Filipino fishermen's boat got harassed by the 'brave' Chinese coastguards after President Marcos Jr. visit to China. Winnie the Pooh Jin Pig pissed off Marcos Jr. 😆
@@BatAskal
What's your profession? Should I believe you or should I believe Taiwan's political analysts? We know that the late President Marcos has accumulated lots of wealth when he was still alive and brought them to America. US can freeze the wealth of Marcos Junior if he doesn't cooperate. Henry Kissinger said, "To be the enemy of US is dangerous. To be friend of US is fatal". BTW, I watched Taiwan's political forums daily where their political analyst discussed the current world affairs. These political analysts are PhD holders and are lecturers from prominent universities in Taiwan. Their forums are watched by 20 to 30+ thousand viiewers worldwide.
Bingo! 🎯
Thank you for all your hard work, WION!
BRI is like a one stop shop for Railways, highways, Telecommunication, 5G, Ports, Schools, Hospitals, Residential & Commercial Developments, Dams, Power stations and Stadiums.
Best part of it, you can shop around and apply for finance for these infrastructure.
145 countries participated, many countries are wealthy enough and don‘t need to apply for finance, while some poor countries thought its a FREE hand out just like old school European donation. Thats where the problem comes in. However, luckily only few countries can not keep up with the payment, yet China is providing another 800 billions to boost the initiatives this year.
I can understand why Italy was pulling out, because they are well connected to European Railways and Highways already. BRI just an option. Italy can built it themselves and pay for their infrastructure on their own.
Remember, BRI is not a FREE donation, and China can not force any country to built a High Speed Rail if they the receiving country doesn‘t want to.
So, whats the issue? Philipine can take it or leave it, China doesn‘t even care.
One of the most profitable BRI project is the Trans Euroasia Railway. The number of cargo trains between China and Europe has broke the record again at 10 000 trips just before end of July 2023.
Normal sea freight will take 31 days to reach either side, but it has cut the transport time to 16 days only.
German car makers has use this railway heavily to export their cars to China, and Chinese products are quick to service its customers in Europe, even to Italy.😂
The countries from Central Asia and Eastern Europe alone side this railway route has benefited greatly as well. Kazakstan can export their energy and minerals to both China and Europe, where they used to be a landlock country.
In the near future, even Vietnam, Laos, Myanmar, Nepal and Pakistan can export their products to Central Asia, Russia and entire Europe, and vice versa.
You never hear Kazakstan, Germany, Holland or Turkiye complain about BRI, do you? Or heard about Debt Traps by these countries do you? They are busy making billions Dollar transactions and benefit from it.
Regarding Finance.
China still hold 800 billion dollars in US treasury bond and selling off as fast as these contracts are matureed, average at 100 billion per months.
Instead of investing their foreign reserve in US and boost US economic, and let US turn this fund into weaponery against China. China rather pull it out and invest in Developing Countries.
If you ever worry China will run out of money to invest in BRI, thats basically impossible because they‘re still enjoy their export surplus, besides their 800 billion usd in reserves. China is not India.
Once again, BRI is not a FREE donation, China is receiving their money back with interests from lenders who are doing well. China is the Banker.
In fact, China used their money withdrew from US and invest heavily in Asian Development bank as well. China is actually the largest lender, while India is the largest borrower from Asian Development Bank.
So, guess who is actually financing Modi to build India‘s first high speed rail? 😂
china helps... others hurt!
Why you hurt😅 don't mind the philippines😂
Philippines cozied up with china but many pf chinas promise was not realize so why stay with china when their is japan and thw west
Excellent decision!
was Philippines ever in BRI?
It was, during the term of the former and corrupt president duterte.
No
Both country give prosperity and peace for misery and war
Good decision by our Ph. Goverment. They will use materials made by them and let the chinese workers work here. So what they are doing is made in china. Chinese made products though cheap but are low in quality.
Awesome decision 😊
It is not an embarrassment as much as you like to think it is, from a geopolitical standpoint of ASEAN centrality, is in reality against the interest of Filipino being deprived of the badly needed infrastructure to assure Philippines economic growth and development.
would you rather get substandard rushed made infra or the exact opposite of that??
United States will step in, much better than anything China could deliver! USA
Im proud for our president ,, ❤❤❤ god bless Philippines,,
Is the Philippines a part of BRI? I thought it’s a province of China during Duterte’s reign.
Not anymore
You can not win countries by bullying them.
Good bye debt traps!!!! Welcome Japan and U.S.!!!!
For more debts asked japan and the African countries the Caribbeans and the Sourh Americans.
More slums created agazin
You know why some countries are so behind?
*USA:* _"comply or face grave consequences"_
*Phillipines:* _"yes sirrrrrr"_
You might be a mainlander Chinese pretending as a British person defending China on social media
@@youcantalwaysgetwhatyouwan6687 _"You might be a mainlander Chinese pretending as a British person defending China on social media"_
Hah???
What's the benefit of all that since I've been paying my 1040s and 540s for the past THREE decades??? And NO I'm not a Brit nor do I even want to pretend to be one. I leave that for you minions to worship.
For many years now, Japan has always been the biggest foreign investor in the Philippines.
domestic political turmoil in china is the biggest problem
Instead of you to encourage Indian government to improve the lives of Indians you always highlight negative of China 🇨🇳, why ?
Smart moves!!
No blessings for adevilic dictator to rise it's a curse tell us where COVID-19 originated for the world to be a better place
2 out of 153 is a very small percentage. Other countries would like to join BRI when they see the benefits.
Most of the debts in Sri Lanka are from the World Bank. BRI only account of around 10%.