What does Turkey stand to gain by joining China’s Belt and Road initiative?
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- Опубликовано: 11 июл 2024
- The Belt and Road Initiative is a multi-year, trillion dollar spending project, aimed at re-orienting much of the world’s infrastructure towards China. Recently, dozens of world leaders, whose countries’ have signed up to the scheme, met in Beijing to discuss the project’s next phase. Hosting the forum, China’s President also tried to allay fears that the project is a secret debt trap by China, to ensnare unsuspecting countries. We look at where Turkey fits into this mammoth building spree and see if the risks outweigh the benefits.
Guests:
Altay Atli
Lecturer at Koc University and partner at Reanda Turkey
Murat Kolbasi
Chairman of Turkish Chapter at Turkey-China Business Council
#BRI #BeltAndRoad #ChinaMegaProjects
China get 170 countries together for trade, USA get 170 countries for military bases.
China is giving Turkey jobs and hope for the future, America on the other hand his giving them sanctions and all possible financial problems.
also refugees
China gives jobs to whole europe not just turkey .
how can you guys forget they gave turkey coup!
@Chris P Bacon is called gay pride Chris, like a pride of lions..(....)
@M9 so extra rewards
If the US doesn't like belt and road initiaves, it must be a good thing
There not aloud...lol..
America being pushed away...now they cry like babies...
@@garryh3126 actually America supposed to going to compete with China belt and road initiave. They used the world Bank and the IMF to set death trap for every country that borrowed money from those institutions.
@@rlinton123
Well actually they can ! But they dont ! America becomes that of a third world nation..prophecy..
Russia and China form the Asian block of Nations to become known later as the Kings of the East..America not included in End time prophecy..
@@rlinton123
Americas demise has already started..you citizens just dont know it yet..Trumps doing what he does best..Lie to you..
Look around you at your division and unrest...its gets worse.
I tell you what is debt trap: IMF
Jim Taylor #absolutely
Why don't you call a mortgage a debt trap, or any bank loan?
I tell you who has broken English..
Jim Taylor money and debt and communist propaganda.
James Lum so what. China has to find markets for the junk the US will tariff out of existence. China is polluted.
Turkey had China built the high speed rail from Istanbul to Ankara for two % interest.
Where you got 2%?
timothy chung in some cases interest free. China looks at long term prospects, believing that the prosperity of other countries would be good for China. As the Chinese saying goes “when you help others, you are helping yourself as well”.
If you buy a house with a mortgage ( loan ) you can be said to be in a “debt trap”. Most of us are in it. Still we keep buying houses.
Get a mortgage to buy a house is different from joining the BRI.
If you get a mortgage from the bank, you are default the bank Will take your house away. But if you cannot pay back the loan from BRI investment. China is going to run the port or whatever. At lease that property is belonging to you, you are still be able to use it.
Stephen Tang ha ha ha the property still belong to you when the bank take it away from you when you default on your loan ? Which bank is that? How can I get a loan from there? What is the interest rate?
@@colinchow1618
周先生'可能是我英文表達能力差,讓你誤會了·
我意思是講 如果去银行借錢去買屋,無能力還债時,银行會將房子沒收·
但是如果参加一帶一路'如果無力還債'就算那个基建项目的管理及收益都给了中國,但是起码那项目仍然是留在那個國家,人民也可以從它得到好處,發展經济,改善民生·对嗎?
@@user-tl5qf1kn5f 不是，应该不会给了中国。应该是，一个中国的公司，和一个本地的公司一起管理。
Turkey will rise and shine.
Love from Pakistan
Sri Lankan port was misrepresented in this news cast. It was the Sri Lankan government that approached the Chinese government for a 99 year lease. There never was a loan to begin with as Sri Lanka already had too much debt to the world bank.
I tell you what, it is like this. If the West offers anything that is like the BRI, Turkey would also join it. It is common sense and the BRI is good for all those who take part.
The US will off course call it whatever to discourage other countries from joining the BRI. Every country must make a calculated decision for their own benefit
This lady is such a cool. Sri Lanka port are built for Chinese transshipment. How many ships from Sri Lanka? 0. Over 90% of the ships are from China. It was built for China from day 1. By lease it to China, Sri Lanka will guarantee maximum income for 99 years with almost 0 investment. And Sri Lanka does have a debt problem due to their 93% of the national debt from US controlled IMF with high interest.
Was to call her a fool but I guess my finger doesn't let me. LOL.
'tool' not 'cool' but also true
So the actual debt trap is the one from IMF and also from the USA and not China then?
I also understand that these loans from China do not require the country to act according to US requirements, they do not require new laws to be implemented, no change in voting rights in the client country, no change in internal policies whatsoever. It’s just a loan, an agreement on how the project is to be run not like those from the US.
You're absolutely right 💯...
And yes she is a FOOL and if that script wasn't put in front of her to read she wouldn't know what the topic is all about, as with most cases with these so called news anchors.
TURKEY IS NOT A BANANA REPUBLIC,NOBODY IS ENTITLED TO GIVE TURKEY LESSONS
Congratulations to America for TARIFF on China to be paid by AMERICANS.
恭喜恭喜美国，得了贸易关税25%,
谢谢美国人付款。
谢谢，谢谢
No debt trap. Everyone borrows should pay back. That's it. No one put a gun to force you to borrow. I like these guys' responses.
I would like to ask this naive lady: Why Sri Lanka leasing a port to China is a trap? Sri Lanka is not able to pay back the loan, so it has to give someting right? either a port or something else right？ you can not expect that China doesn't ask for anything when you can't pay back.
It seems that now the port is starting to run smoothly after China took over. By and by when china finishes the lease, and hands back a successful port to Sri Lanka, that will be good.
Thats gonna be awesome when its finished Im gonna cruise 🚊 from Istanbul to Peking in rapid speed. Gonna hit up Iran and Afghanistan as well Pakistan too. I think its a good idea
Ben Does Dabs and I will want to ride the train from Singapore to London then ot Rome
The BRI is the best project and increase world economy , connection and peaceful
If these one belt one road project created by the American government, then is an excellent 👍 project.
When the American government attacked and destroyed sovereign nations, is also an excellent projects, as they can then rewards the building projects to the American companies (they will then sub-contracts back to the local companies
Plus regime change, etc
Countries buying American military hardware is good, is only good to the American companies, keep the American in work.
If other nations do or offers something to the world, is all bad. 😭😭😭
I like what this guy are saying. No body puts a gun to your head and force you to do it. As a business man. You will balance out what you can do and make out of what you have or what gain. If I know I can benefit for the load. I take it. But business is business not always goes the right way.
America - War and loot initiative!
China - Belt and Road initiative!
What would you prefer cheap loans to create much needed infrastructure from China, or lethal bombs from america.
Debt trap 2% ?man I live hear in USA and our bank loan and credit cards interest rate is like 15-21%...can China please loan me billions dollars for 2% ?please !!ill pay 5%
China is now lending more money to other people, and less to USA that is making someone uneasy.
Are some of the people involved foolish like this woman doing the interview the man on the right explains it in very simple terms, do your due diligence and make your decision based on your countries needs and ability to pay, damn it all we are talking about countries here, grownups, no one is holding a gun to your head and if you do not like it do not do it, simple Sri Lanka after all still has the use of the port in its country, the Chinese did not roll the thing up and take it back to China, don't forget "if US says it , then it probably is a lie these days.
I rather deal with debt than WAR
China has been so tough on the environment in recent years.. so many factories got shut down due to pollution these days even causing unemployment and disruptions in many industries. Its quite unthinkable even a decade ago. Im glad Xi Jinping has the gut to do this even at a time of trade war with the US. Its painful but necessary.
Now Turkey is going to use Hauwei equipment. How do you like that Yankee man?
i would tell you, that trade road has a 3000-year history; China is the leader and peacekeeper. If anyone bullies Asians, China will not allow that to happen
Belt and Road is a great project. Many inland countries had no road that lead to oceans for their business. China has been building many roads and bridges for many poor countries that the West did not want to spend their money on. I clapped what China has done for the world.
China is helping Belt and road countries to build their infrastructures which is the very basic way to boost their economics. Will USA and UK be able to help Latin America and Africa countries to do these? ?
“Debt trap?” “It’s a hypothetical trap.” Well said.
1.4 billion customers . . .
"Hypocrisy trap" haha! So true! Very well said!
😎
HEY GUYS, I'm in a debt trap, the bank loan me money to buy a house...now I'm in debt trap
Turkey made a rational, wise decision.
US is quick to label initiatives from China with derogatory terms. BRI seems to be a grand project that will leave the participating countries with good infrastructure that will facilitate trade with China and other countries. From what I read, President Biden's administration is proposing a 2 trillion dollar investment in US infrastructure. Not all countries have similar deep pockets. So it makes logical sense for some countries to work with China where China can provide the needed capital.
All positive and sane people here trying their best to improve the lives of their people. Closed-minded stubborn negative selfish prejudiced countries are not participating.
The road out of world recession and towards world stability is no good for American foreign policy.
When such an enormous project is going to take place, I am certain that the Chinese government assigned the best minds in China to plan out the trading routes that would benefit every single countries that it touches. Hence I would conclude that the dying USA, on its last leg, is scaremongering the world to believe that the belt road initiative is a debt trap for them. Every business ventures requires startup money no matter how small or large the business size is. This Belt Road project is no different from any other projects taking place around the world even as I am typing this comment. It's about time that in the 21st century that we need an upgraded trading system around the world and the Belt Road project is only the beginning of a bright new world. It will remain to serve the world until teleportation technology in the 23rd century or beyond becomes a reality. By then, it will still remain for a long time as China's 21st century master piece that rivals the Great Wall.
People still don't know how far the road is. China use all this power money and time to build this road. When a country joins it. That means they can use this to join all other countries that use this road.
just like Sinjiang where the people benefitted, Sri Lanka's
is doing well, while people like her like to put it otherwise.
The oil!
That’s what most of them are after!
0:50 "The lure of cheap credit is a debt trap in disguise!" So, that is why the US is benefiting from quantitative easing...
Turkey is already gaining from BRI even before joining it, look at chinese investments in its ports and banks, to link up connectivity between Qatar, Iran, UAE, Saudi to the Mediteranian Sea.
US: The law of cheap credit is a debt trap in disguice .
US government: We need to take away regulations on loans and lower interrest.
One law for me, another for the rest of the world.
turks should stop interfering China xinjiang. you are too little to mess with China.
we Turks dont interfer in Xinjiang its the jews who force a turkish chinese conflict .
@@mehmetkara2666 jews? can u further explain?
US/Europe/IMF/World Bank is getting envious.
China need turkey and so does turkey to make free friendly economic of licence.
Turkey high speed rail will connect Ankara to the Iranian border at two % interest.
hi~Tuykey can play a big role in the BRI and benefit a lot from it because of your geographical advantage,let chinese help you build power plant,port,update railway and highway network,build telecom.network,infrastructure is a huge investment and long term return,many small states like Sri Lanka and Maldive with small population,the return period will be surely long,some projects maybe will be paid back in 50-100 years,but states and people there really need good infrastructure to better human life,to grow economy,to decrease unemployment rate,to further absorb foreign business.Sri Lankan port is a kind of lease,its land,territory belongs to Sri Lankan gov't,Ministery,police,administration,legislation,etc.all and all are under Sri Lankan's absolutely direct control,chinese there just rented and run a commercial port because the gov't is unable to pay back the huge fund in time that chinese invested ,not invasion at all,not like British Empire forced chinese qing empire to "rent" Hong Kong,anyhow Sri Lanka,such a small country,cannot build such a big facility,which is now bringing benefit to its gov't and people,US doesn't like BRI,they are envious of it,they fear they are losing their influence and dominance in the world,they deem China as their competitor and rival,they go all way out to sabotage BRI,take every opportunity to criticize China,by lies,by false,exaggerated excuses such as "Dept Trap","economic exploitation","communism expansion","cause corruption and have no transparency",etc,US ask its ally such as Japan,India,Australian.to contain China.
BRI is just a huge economic and commercial projects,it is mutual benefit to each other,nobody forces you to take it to do business with Chinese,not like British or American Empire 100 years ago threaten other states with military forces,in fact,BRI is a great geat peaceful,mutual development initiative.It is promoting peace,promoting an opening,tolerant state and society,it is strengthing people to people exchange,from West to East,it is promoting better fast communication of ideas and information, and technology exchange,of course,in some circumstances,a small fraction of them,there some kind of corruption occurs,but it is not the fault of BRI, or all are Chinese's fault,it is concerned with many aspects and just some minor negative sides,it can be solved and avoided by cooperation.
Turkey is big and strong powerhouse in the region between Asia and Euro,with pretty big economy,you can benefit a lot through cooperation with China.
Really!Go,Turkey!,Long Live China-Turkey Friendship
Either you want infrastructure or you don't....
Good move to gold-backed BRICS and avoid another FED currency bubble that brought austerity to Europe for Banks to big to fail now twice as big
Great leader r t erdogen ,love and respect from Kashmir
Strong. Net work. Problem. Only. Disturbed
We are at a disadvantage here because US taxpayers will never allow our tax dollar$ to be used to develop the infrastructure of other countries while our own is in dire need for repair. This is one of the reasons why the US is pushing China hard not to subsidize her industries, but it's a wasted effort.
This is the best way to kill International sanctions and the abuse of power. The only way to enforce sanctions if you are trading and transporting goods thru the sea if it's thru land only government along the route can enforce sanctions.
China's trade deal with the world is very positive , because world need much more construction and peace' not much more distruction and war
Assalam-o-Alaikuum
loans for it's now besieged economy.
As a business men. I would love to have someone can give me a load when I know I can use that load to make more money.
Open the old trade route new ones will be created ..before it comes into existence some are yelling wolf
Turkey would be better trading with China than the EU. Russia has already built a gas pipeline to Turkey, so that Turkey would integrate with Russia, China, and Mongolia. China is extending the New Silk Road into East Europe, and Turkey is important geologically. Neither Europe nor the US seemed to value Turkey as an ally. Turkey could be in a lot more trouble if it got involved with the corrupt Bankers in Europe.
This is the best thing since Sliced bread and the first Mill
This is biblical this is sacred
Justice this will give Turkey
Freedom they have never dreamed possible
I congratulate Turkey
for the deal of a Life time
Amazing 👹👹👹👹👹👹👹😎😎😎😎😎😎😎😲😲😲
they will be sorry . dept is bad when the working poor will be stuck paying for it and stifles growth of local manufacturing . china the rich and politicians win . the rest get the bill.
So, why the hell didn’t US do this to help other developing countries for the last 70 years instead of waging wars everywhere!!
I am waiting for 0 percent debt sharing in profit and loses from people traders countries
Turkey has gain a high speed rail ihat will connerct China and Europe together.
Turkey is sit on the best part of OBOR，shes left is wealth EU，she will become next Singapore before 2050
It's all about gas paippe from Afghanistan resources on pashtuns land.. The Arabs iranin Pakistan China Turkey Western Europe are involved.
I want loan 10million . Or more Debt traps? it 👌 .. lol
I bealt ROAD AND ONE WORLD
😊😊
Long live pak turk friendship
We need china west are jealours of chinese progress
Agar mudah cari makan negara Turki mendukumg obor Tiongkok bersama negara dunia dan Eropa kecuali Amerika yg cemburu , dan India yg tidak mengerti tujuan obor krn pengaruh Amerika,
india adalah peliharaan amerika , mereka berAliansi
U join the belt and road, now we want to stop the coverage of uighurs in camps
Muslims country can boycott China one road one belt in exchange of uygur people
Under the comment section mostly dominated by Chinese paid 50 cent commentators.
Erdogan wants to build the prosper Turkey-Stan Empire!