Can the US ever match China’s concrete economic offers to Asean?

[Viva_vietnamm]

At the end of the day are infrastructure investments a benefit to any nation, and if multiple offers come in, you ought to take the best you can.

infrastructure investments only are a benefit IF a nation can attract FDI and high tech factories or else, u will fall into debt trap as u can't pay back the loans.

 

[xizhimen]

infrastructure investments only are a benefit IF a nation can attract FDI and high tech factories or else, u will fall into debt trap as u can't pay back the loans.

But in China, the first catchphrase after China's economic reform in the 1980's was 要致富，先修路。

 

[Viva_vietnamm]

But in China, the first catchphrase after China's economic reform in the 1980's was 要致富，先修路。

and China still has over 600 million poor with $140 monthly income: Premier Li Keqiang.

not mentioning birth rate dropping fast due to ordinary Cnese can't afford to buy houses and raise kids

 

[xizhimen]

and China still has over 600 million poor with $140 monthly income: Premier Li Keqiang.

Li means the "disposable income", foreign media just twisted his words. and that is years ago when Yuan was very weak against Dollars. Now Yuan is very strong. as for how much average Chinese make, check out this young village primary school teacher, this job generally being considered a low paying job in China which no one wants to take. it had been improved lately.

Young Chinese village school teacher jumps around with joy after receiving government pay raise​

Young Chinese village school teacher jumps around with joy after receiving government pay raise. China greatly improved rural school teachers' pay and benefits to enhance rural education. This young rural school teacher jumped around with joy after receiving over 10,000￥ （$1,574）monthly salary via her cellphone.

 

[Blackbeardsgoldfish]

infrastructure investments only are a benefit IF a nation can attract FDI and high tech factories or else, u will fall into debt trap as u can't pay back the loans.

I'm guessing you're referring to Uganda and the Entebbe Airport here. Just checked the GDP figures for Uganda and they've been on a steep rise since 2016, from 29 Billion up to 37 Billion in 2020. That Airport cost around 700 million if I remember correctly, there was a 7 year grace period for Uganda to set aside funds for repayment and the airport has been functioning in the meantime, on Google Earth you see planes standing at the gates. To me this seems more like a case of extraordinarily bad economic planning than a debt trap, but if you can give me some figures and sources, then I'll stand corrected!

Also, why would you need "high tech factories" if a nation's exports are still low on the value chain? A sufficient infrastructure that lets you steadily and effectively produce low value export products are a more important basis for economic development than high tech factories. And it should be mentioned that natural resources can also help you repay any loans, if you have enough of them.

 

[Viva_vietnamm]

Li means the "disposable income", foreign media just twisted his words. and that is years ago when Yuan was very weak against Dollars. Now Yuan is very strong. as for how much average Chinese make, check out this young village primary school teacher, this job generally being considered a low paying job in China which no one wants to take. it had been improved lately.

Young Chinese village school teacher jumps around with joy after receiving government pay raise​

Young Chinese village school teacher jumps around with joy after receiving government pay raise. China greatly improved rural school teachers' pay and benefits to enhance rural education. This young rural school teacher jumped around with joy after receiving over 10,000￥ （$1,574）monthly salary via her cellphone.

disposable income ?? so why they still can't afford to buy houses and raise kids leading to CN's birth rate dropping fast ??

 

[Viva_vietnamm]

I'm guessing you're referring to Uganda and the Entebbe Airport here. Just checked the GDP figures for Uganda and they've been on a steep rise since 2016, from 29 Billion up to 37 Billion in 2020. That Airport cost around 700 million if I remember correctly, there was a 7 year grace period for Uganda to set aside funds for repayment and the airport has been functioning in the meantime, on Google Earth you see planes standing at the gates. To me this seems more like a case of extraordinarily bad economic planning than a debt trap, but if you can give me some figures and sources, then I'll stand corrected!

Also, why would you need "high tech factories" if a nation's exports are still low on the value chain? A sufficient infrastructure that lets you steadily and effectively produce low value export products are a more important basis for economic development than high tech factories. And it should be mentioned that natural resources can also help you repay any loans, if you have enough of them.

So, why a nation like Uganda and Sri Lanka need to borrow money if they still can't attract any "high tech factories" to hep them having better lives ??

If Uganda and Sri Lanka didn't borrow CN's money, then they would still not lose their ports.

 

[xizhimen]

disposable income ?? so why they still can't afford to buy houses and raise kids leading to CN's birth rate dropping fast ??

All developed economies have this problem, Germany, Japan, north Europe... only extremely underdeveloped countries have super high birth rate, your logic is very opposite to how everyone understands the birth rate of a nation.

 

[Viva_vietnamm]

All developed economies have this problem, Germany, Japan, north Europe... only extremely underdeveloped countries have super high birth rate, your logic is very opposite to how everyone understands the birth rate of a nation.

CN can't even make a good cars, stop Masturbating as if CN is equal with German, north Europe where the only place can make lithography machines for making 5mn chips.

CN should compare with North Korea where birth rate also drop bcs ppl can't afford to raise kids.

 

[xizhimen]

CN can't even make a good cars, stop Masturbating as if CN is equal with German, north Europe where the only place can make lithography machines for making 5mn chips.

CN should compare with North Korea where birth rate also drop bcs ppl can't afford to raise kids.

LoL, don't lose it. you fury won't change anything in reality.

 

[Viva_vietnamm]

LoL, don't lose it. you fury won't change anything in reality.

Yeah, you aslo can't change the fact that CN's birth rate drop bcs ordinary Cnese also can't afford to raise kids like N.Korea .

Stop comparing CN with EU when CN can't even make a good car yet and of course 5nm chips . :lol:

 

[xizhimen]

Yeah, you aslo can't change the fact that CN's birth rate drop bcs ordinary Cnese also can't afford to raise kids like N.Korea .

Stop comparing CN with EU when CN can't even make a good car yet and of course 5nm chips . :lol:

Ok, we are so poor and we can't raise our children like North Korea, lol, whatever makes you happy, sir.

China overtakes US as the richest country in the world

Global wealth tripled over the last two decades, with China leading the way and overtaking the US for the top spot worldwide, Bloomberg reported.A report by

www.businessinsider.in