Debt risk has soared, and the Belt and Road Initiative lending has plummeted.

Katyusha Farm, Moscow,Russia Dongdong

Citing a report published by the Financial Times on December 8, according to the latest research, the Communist Party of China has significantly deduced overseas loan programs of the two largest policy banks.  Data provided by researchers at Boston University indicate that in 2019, the total loans of the China Development Bank and the Export-Import Bank of China were $4 billion, which is far lower than the record $75 billion in 2016, and the loan volume of 71 billion yuan was completely reduced in three years.[1]

The Belt and Road Initiative, as shown above, the Belt refers to the  Yellow Line along the mainland; “One Road” refers to the blue path along the coastline below, so the whole road is also known as the Maritime Silk Road of the 21st century.

The Chinese Communist Party’s calculation is to use it as a combination of real estate developers, builders and banks, using the wealth looted from the 1.4 billion people to lend and control African countries. The Communist Party of China lends money to these countries along the Silk route and designates its borrowing to be used in local infrastructure involving some Communist Party companies, which can be divided into dozens of parts and repay it to the Communist Party of China year by year.

Many scholars believe that the Belt and Road Initiative is neo-colonialism. Chen Lifu, a Taiwanese scholar, analyzed that because many neighboring countries of the Belt and Road Initiative are unable to repay their huge debts, the Communist Party of China can take the opportunity to ask these countries to make substantive reciprocation, such as opposing Taiwan’s joining international organizations and demanding that Taiwan change its name. The Belt and Road Policy has become a “diplomatic means” for the Communist Party of China to control and infiltrate the sovereignty of various countries while increasing world influence.

In a 2018 report from Harvard Kennedy School, the Chinese Communist Party’s “One Road”strategy is intended to compete with the United States for control of the Strait of Malacca. Take the port of Hambantota of Sri Lankan, for example, in 2017,  was forced to lease this strategic port to the Communist Party of China due to its inability to repay the accumulated debts. John Bolton, the national security adviser of the United States, said at the end of 2018 that the CCP was “strategically using its debt to capture African countries in accordance with the wishes and demands of the Beijing authorities”.

Even though some experts and scholars generally believe that the policy will lead to huge debt risk, there are still some ignorant scholars advocating it. The Chinese-Africa Institute of Johns Hopkins University and Rhodium Consulting Company in the United States have released reports recently that the debt risk of the Belt and Road Initiative is often exaggerated or distorted.

Rhodium Group is an American non-profit think tank well-known in the cross-border merger and acquisitions In the Communist China. Former vice minister of Commerce Zhang Xiangchen and CCP ambassador to the United States Cui Tiankai have cited their data on the CCP’s overseas investment. 

This is a common means of the nine-story Demon Tower of foreign propaganda media. The CCP provides research funds for world-renowned scholars to publish statements in favor of the CCP, re-export to domestic sales, and reprint them in major media at home and abroad. [2]

According to research data from Boston University, the Belt and Road loans of the Communist Party of China are concentrated in only a few countries, with 60% of the loans to 10 countries, Venezuela, the largest borrower, accounting for more than 12.5% of the total loans, followed by Pakistan, Russia and Angola. Since 2007, Venezuela has become the largest overseas debtor of the Communist Party of China, with a total debt of up to $60 billion. Through the great debt, the CCP controlled Venezuela’s natural resources, political ecology and even commanded puppet president Nicolas Maduro Moros, becoming the thugs and minions of the Communist Party of China.

Since the escalation of the Sino-US trade war in 2018, the domestic recession, has gradually dried up the dollar reserve. The ambition of the CCP to invade and expand into the world was exposed to the exposure of their weaponized biological virus, doctrine of unrestricted warfare, which has alerted Democratic countries and countries with the rule of law all over the world.

The world has started to form a siege on the Communist Party Due to internal and external trouble, uncollectable external debts, falling American dollar’s reserve and the Belt and Road Policy have run out of steam, the economy of the Communist Party of China is on the verge of collapse.

Reference link:

[1] Research shows that overseas loans of Chinese policy banks have been reduced dramatically.

[2] The truth of two overseas research reports in the United States: the debt risk of the Belt and Road Initiative is exaggerated.

[3] Belt and Road Initiative: Is China a lender bully or a good man?

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