After the Ukraine conflict has been stabilized and Putin has been forced out of power (eliminated) Russia will be reduced to a second rate power at best (with nuclear weapons) with only its petroleum products to sell to Europe. The new imperialism. In South Korea, 89% have a favorable view of the U.S., 70 percentage points more than the 19% who say the same of China. India may have overtaken China in total population, but UN data also shows that its growth rate has slowed. Not too long ago China received foreign aid, but now the tables have turned. It has been suggested that Beijing has bought its silence over territorial issues, The Diplomat said, due to an influx of investment that coincided with the suppression of anything that might be deemed mildly critical of China. Since 2011, two dozen developing countries have restructured their debt to China. What matters to China is consumer and investor confidence, "so it is not hard to see why Chinese officials are pushing back on the argument that a population decline spells economic decline," said Dimitar Gueorguiev, an associate professor who teaches Chinese politics at Syracuse University. China Merchants, founded as a patriotic enterprise in 1872 to attract Chinese capital to take on Western shipping lines, manages 36 ports in 18 countries. Since taking power in 2012, Chinese President Xi Jinping has helped cement China's position as a global superpower -- and pushed forward an aggressive foreign policy, making bolder moves in . April 11, 2022 at 5:00 am. Jace Zhang reported from Beijing, and Alex Smith reported from London. China has a depreciating GDP, a high level of unemployment, rising resentment towards the current government, and deteriorating relations with the US. The U.S. is also seen substantially more positively than China in Japan (+58 points) and Australia (+40 points). In the past, Western countries were guilty of dragging African countries in particular into debt. China's economic and diplomatic engagements allow it to buttress autocracies and change international norms in a patient effort to claim their second continent.". Video, On board the worlds last surviving turntable ferry, China has granted or loaned money to 13,427 infrastructure projects, China debt dogs Maldives' 'bridge to prosperity', 'We don't like our land being given away to China', Serena Williams announces pregnancy at Met Gala, Shooting suspect was deported four times - US media, Met Gala 2023: Stars celebrate Karl Lagerfeld, New record as 4.56m Indians take flights in a day, Japan to ban upskirting in stronger sex crime laws, Palestinian hunger striker dies in Israel prison. But there are no cases, among the hundreds of loan arrangements studied by AidData and some other researchers, of Chinese state-owned lenders actually seizing a major asset in the event of a loan default. Both countries face their own challenges. "I think our conclusion is that they were being muscular and sophisticated in these contracts. . Yes, Statista allows the easy integration of many infographics on other websites. However, China's overall lending commitments are likely to be significantly greater than these figures suggest. China is lending differently: instead of financing projects by granting or loaning money from one state to another, almost all the money it's handing out is in the form of state banking loans. It will be very near impossible for the US or others to catch up on that, especially with the planned B3W initiative, because that initiative is not focused on much-needed tangible investments. In 19 countries surveyed by Pew Research Center this spring, people see the United States and President Joe Biden more favorably than China and its president, Xi Jinping. Countries can be difficult borrowers, Gelpern explains, and it's not practical to expect them to hand over a physical asset like a port if they're unable to pay their debts. Gatestone also reserves the right to edit comments for length, clarity and grammar, or to conform to these guidelines. As the new preferred lender to low-income countries, China held 37 percent of these nations' debt in 2020. . It particularly takes issue with the building airstrips and hangars, as well as stationing anti-aircraft and anti-missile systems in the Spratly Islands, Deutsche Welle said. The Times of India newspaper described this as "a ticking social bomb" in an editorial reacting to the population news. This control threatens the ability of U.S. companies to access key supplies." Read our research on: Congress | Economy | Trust in Media. It's not sci-fi any more! Statista offers daily infographics about trending topics, covering:Economy & Finance, Politics & Society, Tech & Media, Health & Environment, Consumer, Sports and many more. Some African shave already expressed their alarm at the harm to their economy, employment and resources caused by China and its BRI projects. What they are doing is really doing the CCP's PR towards African as well as western publics. They're very much protecting their interests.". Analysis of the port project by UK-based think tank Chatham House has questioned whether the "debt trap" narrative strictly applies, given that the deal was driven by local political motivations, and that China never took formal ownership of the port. The talks came only two months after Wang Yi visited Eritrea, Kenya and Comoros. And by comparison, the US is spending about $37bn in any given year to support global development activities," says Brad Parks. . The notable exceptions are Hungary and Italy, where those on the right are more likely than those on the left to see China favorably. Here are the questions used in this report, along with their responses, as well as its methodology. Summary. has called the level of debt many countries once again . "Confidentiality agreements are very common in international commercial loans", says Professor Lee Jones at Queen Mary University of London. While China has continuously been deepening its involvement in Africa, the US has not come anywhere near China's engagement and high-level attention. It is estimated that 12 percent of Africa industrial production, or $500 billion annuallynearly. On board the worlds last surviving turntable ferry. In the absence of a serious coordinated international effort, China will go on to fill that infrastructure gap, as it continues to consolidate its influence in Africa while the US lags behind. That is reportedly "$8 billion more than what the other top eight lenders combined, including the World Bank, African Development Bank, and the US and European development banks, contributed." Election Integrity's Biggest Threat: Big Tech, The Biden Administration's Vacuum of Leadership, Thousands of Political Prisoners are Rotting in Turkish Jails. In each country surveyed, more than half of adults say Chinas influence in the world is strengthening. This pattern can also be seen in Australia, Belgium, Canada, France, Israel, the Netherlands, Spain, South Korea, Sweden and the UK. Over an 18-year period, China has granted or loaned money to 13,427 infrastructure projects . This change does not substantively affect the findings in this analysis. Manila is facing a deadlock in a dispute it cannot resolve alone, the International Crisis Groupwarned. In September 2020, on the brink of bankruptcy, Laos sold a major asset to China, handing over part of its energy grid for $600m in order to seek debt relief from Chinese creditors. Laos has a 313-mile border with China that runs from the tripoint with Myanmar in the west to the tripoint with Vietnam in the east. It's not the fault of today's corrupt African leaders or the African culture, but of things that happened before any of us were born. New data this week said that China will soon no longer be the world's most populous country. At the time, the wall was often framed as an attempt by China to keep dissidents from fleeing the country, The Diplomat said. In September, an Iranian appeals court sentenced Ms. Daemi to seven years in prison for her peaceful activism. In many countries, younger people tend to feel more positively about China than older people. The initiative, however, comes across as far too little, too late. As we mentioned in our previous post, the US has offered a latest estimate of Russian troops killed in Ukraine. Surveys were conducted face to face in Hungary, Poland and Israel and online in Australia. Beijing "alleges that it owns large parts of Laos on . When adding portfolio debts (including the $1 trillion of U.S. Treasury debt purchased by Chinas central bank) and trade credits (to buy goods and services), the Chinese governments aggregate claims to the rest of the world exceed $5 trillion in total. Between 2000 and 2017, other countries' debt owed to China soared ten-fold, from less than $500 billion to more than $5 trillion, according to the study from Germany-based think tank the Kiel . While China has offered to negotiate, Philippines has said these territories are non-negotiable and have always been part of their country. Western workers should stay out of Africa, its too dangerous. The authors . "Their message is: 'You're going to repay us before anyone else because we're the only ones asking for this prized possession'. Why was there NO reaction from the West. Speaking to the broadcaster in 2019, Defence Minister Ng Eng Hen said that he did not think an all-out confrontation involving Singapore will take place, explaining: All the parties involved recognize that the price is too high and the issues in the South China Sea do not warrant an actual physical confrontation.. One of Laos' few sources of profit, the proceeds of its potash mines, were used to back the massive loan. About Pew Research Center Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world. PM Modi took a dig at China by saying that the era of expansionism is over. sports and entertainment. Its population is younger but more of them are unemployed or in extreme poverty. In both countries, the share who see China positively is 16 points greater than the share who see the U.S. in the same light. According to the Financial Times, the country had to renegotiate loans worth $52 billion in 2020 and 2021 - more than three times the amount that met this fate in the two previous years. "[That is] income for these very poor countries, dollars and euros, to lock those up in an offshore account that's controlled by a foreign power. This raises serious questions about the ability of this titan one on which the global economy has come to rely to maintain, let alone enhance, its economic status. please visit our agency website, Your contact to the Infographics Newsroom, Find your information in our database containing over 20,000 reports. In June last year, Malaysia summoned Chinas ambassador after 16 military aircraft flew over disputed waters off its eastern state of Sarawak. leaving Sri Lanka saddled with growing debts. Islands and reefs: ~75,400 km 2. Well over 100 countries worldwide had instituted either a full or partial lockdown by the end of March 2020 . There are other parts of the world where Chinese lending has also proved controversial, with contracts whose terms could give China leverage over important assets. "I'm sceptical that Western initiatives will make much of a dent in the Chinese programme," says David Dollar, senior fellow at the Brookings Institution and the former US Treasury representative in China. Widely regarded as an economic miracle, China embraced widespread centralized economic reforms, averaging a GDP growth of 10% annually and lifting half of its 1.3 billion people out of poverty . Daniel Grizelj/Getty Images. News of the population ranking made headlines around the world. Across the surveyed countries, a median of 32% describe U.S. influence as getting stronger, while 37% say it is staying the same and 27% say it is getting weaker. Following an unsuccessful uprising in 1959, Tibets spiritual leader, the Dalai Lama, fled to India, where he set up a government in exile. Hopefully, China will continue to spend $ billions more in these regimes governments for investments that they will never be able to collect on. "Over the last two decades, and especially under General Secretary Xi's leadership since 2012, Beijing has launched new initiatives to transform Africa into a testing ground for the export of its governance system of state-led economic growth under one-party, authoritarian rule. (Ideology was not asked in Japan, Malaysia or Singapore.). "It really seems like kind of a bread-and-butter strategy they use to signal to their borrower that 'We're the big boss around here'," Brad Parks explains. Bhutan has not responded to reports of the Chinese settlements along its border. Malaysias foreign ministry said at the time that the manoeuvre was a serious threat to national sovereignty. China and Japan have repeatedly clashed over a group of uninhabited islands called the Senkaku Islands in Tokyo, the Diaoyu Islands in Beijing and theTiaoyutai Islands in Taiwan. The area overlaps Chinas expansive nine-dash line territorial claim covering much of the sea. What is China's One Belt, One Road? Maybe more importantly, our analysis reveals that 50% of Chinas loans to developing countries go unreported, meaning that these debt stocks do not appear in the gold standard data sources provided by the World Bank, the IMF, or credit-rating agencies. That is reportedly "$8 billion more than the other top eight lenders combined". Chinese Foreign Ministry spokesman Wang Wenbin stressed that it was important "to look at not just the size, but also the quality of its population.". Currently, only 13 countries (plus the Vatican) recognise Taiwan as a sovereign country. Both claim that it falls within their exclusive economic zones. Many of Chinese premier Xi Jinpings disputes centre on control of the South China Sea. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. . The AidData researchers found that the Belt and Road project is facing its own issues. Chinese officials and state media said America and the West were focusing only on population size, rather than education, industrial output and economic clout the last one seeing China dwarf India several times over. In about a third of the places surveyed, more educated people are also more likely to say that U.S. influence is getting weaker. Just 24 percent of the countries' bilateral debt comes from the rest of the world that year. Once growing exponentially, China's aging population fell last year for the first time in six decades. The unreported lending from China has grown to more than $200 billion USD as of 2016. People on the right of the ideological spectrum are more likely than those on the left to view the U.S. favorably, but there are no strong ideological patterns in views of China. A point to note about the Belt Road initiative by China is the debt trap it is leading nations into. Here's a thought: Let the European Union deal with Africa and let the United States deal with South America. In Africa, which lags all other regions of the world in the availability of paved roads and electricity [and rail], that deficit that deficit is set to grow without a massive influx of hard infrastructure investment" Gyude Moore, senior policy fellow, Center for Global Development, African Business, February 13, 2022. In Germany I met several African immigrants (in the tech business), and all of them repeated a similar theme, that back home things were wonderful before the colonialists appeared. This is the widest gap observed among all 19 countries. Their presence is irritating and appears threatening to Japan, but foreign ships sailing within the contiguous zone is not a violation of international law. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. For non-U.S. data, we draw on nationally representative surveys of 20,944 adults from Feb. 14 to June 3, 2022. A deal with Venezuela, for example, demands the Venezuelan borrower deposit the foreign currency earned by selling oil directly into a bank account controlled by China. Looking ahead, we find that credit outflows from China have slowed markedly since 2015, in parallel to Chinas ongoing domestic economic slowdown. They aren't just geopolitical rivals; the nuclear-armed neighbors are locked in a dispute that has seen large troop build-ups along their mountainous, 2,000-mile-plus border, and clashes including melees with clubs, sticks and stones. All rights reserved. The Chinese embassy in Kathmandu denies any encroachment. Most African nations do not act like western nations when it comes to repaying external debt. Singapore has also clashed with China over its claims in the South China Sea. Both will have almost 1.43 billion people, according to the United Nations World Population Dashboard well more than a third of the planet's 8 billion-plus people between them. As a result, private investors and other competing creditors may underestimate the risk of default on their claims. We compiled data from hundreds of primary and secondary sources, put together by academic institutions, think tanks, and government agencies (including historical information from the Central Intelligence Agency).
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