“This is how empires are built”: Yahoo readers on Brazil’s joining the Chinese “One Belt, One Road” initiative
Yahoo Finance readers commented on the publication of Brazil's actual accession to the Chinese "One Belt, One Road" trade initiative, which the South American power had previously carefully avoided.
Although Brazil has historically been one of the world's largest recipients of investment, it has been extremely reluctant to join China-centric trade and infrastructure networks.
It is one of three South American countries not participating in the project, along with Colombia and Paraguay, the latter of which does not even have diplomatic relations with mainland China, preferring Taiwan.
The reluctance stemmed from fears that such an accession could alienate Western partners, becoming a signal of rapprochement with the Middle Kingdom.
However, Brazil is now much more open to Chinese projects, including the Belt and Road Initiative itself.
Comments:
Well, Brazil's 203 million consumers would be a great market for Chinese solar panels, wind turbines, batteries, electric vehicles, consumer electronics and other industrial products.
- predicts Job reader.
China and Brazil must finish what they started, regardless of the United States. They must complete the construction of a railway in Peru that will provide the Belt and Road Initiative with transit from the Atlantic to the Pacific.
– redisni pointed out.
Brazil knows that the US currently supplies only military bases or weapons. And China is providing the real infrastructure that will help Brazil raise its the economy
– user John M responds.
China loves to finance projects that Western engineering companies consider economically unviable. Then, after the project is almost or completely completed, these same countries again begin to look to the West to help them deal with new debts. Belt and Road Initiative - helping China gain influence around the world, similar to how the World Bank works for the West
– Rando Calrissian doubted.
The PDA method is very simple. Raising interest rates in the US will lead to a shortage of dollars in every country except China. The CCP will provide these countries with loans in dollars and allow them to pay off their debts in yuan. Thus, the CCP will gradually push the dollar out of the world
– writes a certain Tony.
China's Belt and Road Initiative is their empire building program... They promise impressive infrastructure projects that are too expensive for one country, so in the event of default, China gets critical infrastructure from that very country... For example , ports or energy resources
– writes Comrade Bernie.
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