China’s trillion dollar plan to dominate global trade

China’s trillion dollar plan to dominate global trade


There’s a new highway in Pakistan. And a new rail terminal in Kazakhstan. A sea port in Sri Lanka recently opened. As well as this bridge in rural Laos. What’s interesting is that they’re all
part of one country’s project that spans 3 continents and touches over 60% of the world’s
population. If you connect the dots, it’s not hard to
see which country that is. This is China’s Belt and Road Initiative — the
most ambitious infrastructure project in modern history that’s designed to reroute global
trade. It’s how China plans to become the world’s
next superpower. It’s 2013 and Chinese president, Xi Jinping is giving a speech in Kazakhstan where he
mentions the Ancient Silk Road: A network of trade routes that spread goods,
ideas, and culture across Europe, the Middle East, and China as far back as 200 BC. He then says: “we should take an innovative approach and
jointly build an economic belt along the Silk Road”
A month later, Xi is in Indonesia: “The two sides should work together to build a maritime silk road for the 21st century” These two phrases were the first mentions
of Xi’s legacy project, the multi-trillion dollar Belt and Road Initiative, or BRI. They’re also the two components of the plan. There’s an overland Economic Belt of 6 corridors
that serves as new routes to get goods in and out of China. Like this railroad connecting China to London. And these gas pipelines from the Caspian sea to
China And a high-speed train network in South East
Asia. Then there’s the maritime silk road — a
chain of seaports stretching from the South China Sea to Africa that also directs trade
to and from China. The BRI also includes oil refineries, industrial
parks, power plants, mines, and fiber-optic networks – all designed to make it easier
for the world to trade with China. So far, over 60 countries have reportedly
signed agreements for these projects. And the list is growing, because China promotes
it as a win-win for everyone. Take, for example, the BRI’s flagship project:
Pakistan. Pause for Pakistan
Like many countries in Central and South Asia, Pakistan has a stagnant economy, and a corruption
problem. It wasn’t a popular place for foreign investment,
that is until China came along. In 2001, China offered to build a brand new
port in the small fishing town of Gwadar. By 2018, the port as well as highway and railway
networks became a $62 billion dollar Corridor within the BRI. It’s where the Economic Belt meets the Maritime
Silk Road. And it seemed to benefit both countries. Pakistan saw its highest GDP growth in 8 years
and forged a tight relationship with a major world power. China, on the other hand, secured a new alternative
route for goods, especially, oil and gas from the Middle East. Through projects like these, it also found
a way to boost its economy. Chinese construction companies that had fewer
opportunities within their own country saw a huge boost from BRI contracts — 7 out
of the 10 biggest construction firms in the world are now Chinese. What tips the balance in China’s favor even
more is a requirement that it be involved in building these projects. In Pakistan for example, Chinese workers have
directly built projects, like this highway here, and a Chinese firm has worked with locals
on a railway here in Serbia. China’s involvement is one of its very few
demands and that’s set these deals apart so far. See, typically, to get investment from the
West, countries have to meet strict ethical standards. But China’s offered billions of dollars
— mostly in loans — with far fewer conditions. So, it’s no surprise the BRI has been a
big hit with the less-democratic countries in the region. China has signed agreements with Authoritarian
governments Military regimes. And some of the most corrupt countries in
the world. It’s even affiliated with, Afghanistan,
Ukraine, Yemen, and Iraq; all currently splintered by conflict. Because of China’s willingness to loan money
to unreliable countries, many experts have called the BRI a risky plan. Eventually, these countries will have to pay
China back — but corruption and conflict make that payback unlikely. A recent report found that many countries
indebted to China are vulnerable, including 8 that are at high risk of being unable to
pay. So why does China keep lending? Because there’s more to the BRI than just
economics: In Sri Lanka, China loaned about 1.5 billion dollars for a new deep-water port. It was a key stop on the Maritime Silk Road. But by 2017 it was clear Sri Lanka couldn’t
pay back the loan, so instead, they gave China control of the port as part of a 99-year lease. China also controls the strategic port in
Pakistan – where it has a 40-year lease, It’s pushing for a similar agreement in Myanmar,
and it just opened an actual Chinese naval base in Djibouti. These are all signs of what’s called the
String of Pearls theory. It predicts that China is trying to establish
a string of naval bases in the Indian Ocean that will allow it to station ships and guard
shipping routes that move through the region. So while China’s not getting its money back,
its still achieving some very important strategic goals. China’s growing influence challenges the
status of the US, which has been the world’s lone super-power for the last several decades. Isolation is trending in the US meaning it’s
investing less and therefore losing influence around the world. The BRI is China’s way of leveraging power
to become a global leader. By building relationships and taking control
of global trade, China is well on its way.

100 Comments

  • Vox

    December 14, 2018

    Vox Atlas is a new series looking into the big foreign policy stories shaping the globe, produced by Sam Ellis. Check out the rest of season one of Atlas here – and let us know what stories you want to see: http://bit.ly/2SThVsf

    Reply
  • Venkatesh Babu Ponnuchamy

    July 17, 2019

    This is why India needs plenty of islands in South Indian oceans. Pacific and Arabic oceans. The problem is no resting ground for trade transit.

    Reply
  • pakulo papito

    July 17, 2019

    everything that china is doing is legal yet watch how the u.s. try to stop china because they think what china is doing is "wrong"

    Reply
  • HiTechJ

    July 17, 2019

    Xi is playing the Eu4 Modern day mod on easy mode.

    Reply
  • Yogesh Muley

    July 17, 2019

    India needs to wake up!

    Reply
  • Champ Whatsapp

    July 18, 2019

    China wins.. while US is in debt.

    Reply
  • found out how to change my name 1

    July 18, 2019

    I'd say China already is a super power to be honest maybe Russia aswell

    Reply
  • 孙明星

    July 18, 2019

    TAIWAN IS CHINA'S TEERITORY!

    Reply
  • margareta tola

    July 18, 2019

    Illuminates moves from America to Asia. They prefer more discipline society.

    Reply
  • Jason Christie

    July 18, 2019

    This is pretty scary

    Reply
  • Irina Miklashevskaya

    July 18, 2019

    Okej so they need money for that to?

    Reply
  • Marko Marko

    July 18, 2019

    Woww….very mind opening video

    Reply
  • pattherealist

    July 18, 2019

    CHINA RISING! GO CHINA!! YEAAAHHH!!! 😁👍

    Reply
  • Dmeads 56

    July 19, 2019

    Are we just going to forget that the US and China are each other’s most important trade partners? The reason China has grown so much is because of US investment and trade in the nation. They may pretend to not like each other but the truth is that they mutually benefit from each other.

    Reply
  • Nikita Krishnayevich

    July 19, 2019

    soon china will replace USA as the most powerful country

    Reply
  • paraporsiadecarponisaia Is the name

    July 19, 2019

    China: taking over
    Philippines : hold my beer

    Reply
  • ashik alfaz

    July 19, 2019

    Bangladesh thanks china

    Reply
  • Alan Kwark

    July 19, 2019

    Wait for some years, India will be in "hold my beer" mode.

    Read history and you will see. Countries who rise second become super powers

    Reply
  • Ali Reza

    July 19, 2019

    China is a great country, Just imagine we in Iran are under unfair sanctions and China is the only country that has been helping us, I was a student in Electronic and Control engineering but I couldn't buy anything from other countries to make my PCBs and setup. but Chinese people purchased and sent them for me.

    Reply
  • Rakasiwiii fiddihaq

    July 20, 2019

    I see nothing wrong

    Reply
  • Rakasiwiii fiddihaq

    July 20, 2019

    After WW2 USA use marshall plan to get influence, now they all fall apart
    Now china use this to make influence, how long will this last?
    Only after that we can know which one is more evil

    Reply
  • kaka gamer

    July 20, 2019

    CHINESE :CAN WE GET OUR LOAN BACK.PAKISTANIS:  KON SAI PASAI BHAI HUM KOI PASAI NAHI JANTAI.

    Reply
  • Colin Hsu

    July 20, 2019

    chinese help others by buliding roads
    americans hepl others by giving guns

    Reply
  • olcay ballı

    July 20, 2019

    22 billion dolar$$$

    Reply
  • JohnnyD421

    July 20, 2019

    What a way to put a negative twist on something positive. China is making better/fair deals with the world that's why they're taking over!

    Reply
  • MNL48 Emperor

    July 20, 2019

    WITH GREEDYNESS COMES A TERRIBLE CONSEQUENCES.

    Reply
  • محمود تليجة

    July 20, 2019

    Love China from Syria 🇸🇾

    Reply
  • karthikeyan perumal

    July 21, 2019

    India left the chat

    Reply
  • glowingnut

    July 21, 2019

    this is quite normal for a huge economy to find a way out for its massive production capacity, UK used guns and battleships, US used dollars and guns, why would someone talk trash on china's much more friendly move? i guess it is perhaps a lack of knowledge of history. go find a book and do some research on what the former super power UK and present super power US were doing when they were establishing their global power status.

    as for the debt trap BS, china is not forcing any country to join. if you chose to join, you pay for what you get. I don't see any problem in that and this is probably the essential norm of any country with a well-established law system, like most developed countries in the world.

    Reply
  • ಶಿವ ಶಂಕರ್

    July 21, 2019

    we Indians no there rules we have no debate on them the rest are slaves to them hehe

    Reply
  • Justin Zhang

    July 21, 2019

    Well, if you think someone lend you money to ask you to do your own business is very bad, then you are with USA government. USA Govt policy is American First. why??? any logical behind that? All they do is : if USA can not be richer and better, then they stop others to be richer and better.

    Reply
  • Sam G

    July 22, 2019

    You need to be careful of what you let in your country, the very things you think would be useful could later put you in a pit. There are good and bad in every country but china isnt a good friend politically speaking. I think we all need to watch our backs.

    Reply
  • crystal snow

    July 22, 2019

    What it takes to be a super power

    Reply
  • Jasmine

    July 22, 2019

    great video! and that music change at 4:33 got me shook lol

    Reply
  • Syed Maricar

    July 23, 2019

    Keep building your scenario will improve your business and the world will change with you.

    Reply
  • Syed Maricar

    July 23, 2019

    Let all who hate sweat it out for goodness.

    Reply
  • Sounds of Heart

    July 23, 2019

    Long live pak china friendship. Mostly people comparing this cpec project and talking that everything happening same like in sri lanka but Pakistan have did whole agreement which is in favour of Pakistan. And china trying their best to develop those areas which are poor and low interest areas in china and Pakistan also doing this in Baluchistan to change and development projects those are beneficial for the people of Baluchistan . Same thinking of china and Pakistan.
    Yes china have more benefits then Pakistan china easily reach to many countries and can make trade possible with them but hopefully this projects can also make more advantages for Pakistan in future.
    I am saying this in confidence because of our current leader imran khan and pak agency ISI they are enough to understand future policy and steps for agreements. I don't need to worry

    Reply
  • ShamankingZ

    July 23, 2019

    CHINA ITU SERAKAH…
    DAN SAYA SEBAGAI WARGA NEGARA INDONESIA….
    MENOLAK KERAS KERJASAMA TERHADAP CHINA!!! KAMI LEBIH BAIK BEKERJA SAMA DENGAN JEPANG!!!

    CHINA TIDAK MENGUNTUNGKAN BUAT INDONESIA…
    PEMIMPIN NEGARA SAYA BUTA AKAN HAL ITU…. PLEASE… HELP MY COUNTRY…..

    Reply
  • Hong

    July 24, 2019

    China already dominate the international trade.

    Reply
  • Hong

    July 24, 2019

    This is typical Chinese way: money can buy friends or even lovers.

    Reply
  • Taysi Kuu

    July 24, 2019

    China doing thing that we hope. Better life for all people around the world. Not bombs and killing

    Reply
  • Ismail shamali

    July 25, 2019

    China should bring Asian Union. Like EU

    Reply
  • Doje

    July 25, 2019

    US has so many leaders that clashes heads

    Reply
  • SH Y

    July 25, 2019

    Lol why us is rich ? Why people really want to go to us ? Yeah cuz it’s a rich country and being strong but ,, it all benefitted from Wold WAR!! If without 2 word wars ,America can’t be so powerful. Ancient Chinese people created gunpowder, compass, and many other technologies to lead the world. They could learn from Westerners to colonize and expand, but China did not do so. (In other words, if China had not introduced four major inventions, such as paper-making gunpowder, into Europe at that time, there would not have been an industrial revolution in Europe. Nor will China was defeated, nor will some self-righteous Americans right gagging here.

    Reply
  • ROPy Crafts

    July 25, 2019

    they spend theyre money in anything… bcoz they know the money is worthless in the future. 😀 JK

    Reply
  • I am Yours

    July 25, 2019

    It's Made in China, don't worry. It won't last

    Reply
  • Jeff Rose

    July 25, 2019

    China 🇨🇳 Russia 🇷🇺 and Isreal 🇮🇱 plan to team up to steal USA 🇺🇸 AI technology.

    Reply
  • captain AMERICA

    July 26, 2019

    GOOD BYE INDIA your dream of becoming the leading economy is gone 😎😂😂

    Reply
  • Bidhan Majhi

    July 26, 2019

    Clearly China wants to be the global super power.

    Reply
  • Adityaanju 03

    July 26, 2019

    India :- Laughs Hiddenly 😏

    Reply
  • a-inc

    July 27, 2019

    The ideology is brilliant, but the execution has been a disastrous..

    Reply
  • Circumflêx ÂÂÂ

    July 27, 2019

    1. Countries that trade with China are not reluctant to trade with China

    Reply
  • Info Account

    July 27, 2019

    Did you notice that no silk roads lead to the Americas? That has changed since this clip was made because new treaties are being draft to Mexico.

    Reply
  • NINJA FAN

    July 27, 2019

    All i know is that China just cant be stopped

    Reply
  • The Prodigy

    July 27, 2019

    So, this is the main reason why China keep on pushing their claims in South China Sea?

    Reply
  • K. Ganesan Ganesan

    July 28, 2019

    West afraid of your standard.
    You pollutes more.

    Reply
  • Reem Mohammed

    July 28, 2019

    I love China from 🇸🇦

    I hope to move from Petrodollar to Petroyuan

    Reply
  • CrazyLegsMcGee

    July 28, 2019

    Meanwhile Trump is burning all relations with not just potential allies, but with existing ones too.

    Reply
  • Markus Reynolds

    July 28, 2019

    Sad amerikkka can't and will not adapt because of pride and lost of PRIVILEGE

    Reply
  • abhijit bhambure

    July 28, 2019

    I know it's imposible but if China and India becomes friends that will be end of US in Asia.

    Reply
  • ferme de loriandre

    July 29, 2019

    Remember folks! There's always an Asian who's better than you.

    Reply
  • Riswan M

    July 29, 2019

    Chinese are smart thinkers and hard workers , i was been more then 7 years with my chinese friends. Long live PRC, ❤️ from India.

    Reply
  • Frank Leon-Guerrero

    July 29, 2019

    The red outlines the head of the Chinese dragon head. China is already a Superpower, aren't they?

    Reply
  • zak

    July 29, 2019

    china is planning on dominating global trade
    this angered america who punished them severely

    Reply
  • jim chen

    July 30, 2019

    Trade=Peace ,guys

    Reply
  • Stanluca Liu

    July 30, 2019

    We should all be very scared

    Reply
  • Harlock2day

    July 30, 2019

    We are all guilty of buying cheap Chinese goods but the World have to protect its own manufacturers or there will be great poverty.

    Reply
  • John Breuwet

    July 30, 2019

    First with oly weightlifting 🏋️, then trading. 🤦‍♂️

    Reply
  • Tango Zulu

    July 30, 2019

    Wherever the US goes, war and destruction.
    Wherever the Chinese goes, infrastructure.
    Who are the real bad guys?

    Reply
  • Thepchai Poo

    July 31, 2019

    Co-operation is better than confrontation.
    Make friend is better than make foe.
    Make love is better than make war.

    Reply
  • Heil mein Führer!

    July 31, 2019

    If you want to be strong,you must eat something.

    Reply
  • Waseem Amin

    July 31, 2019

    Nuff love to China from Pakistan

    Reply
  • Gustavo Medrano

    August 1, 2019

    while right wing discriminates and insults it neighbors china is slowly taking over the world and lately started investing outside Venezuela in latin america, sad to see how party personal agenda is destroying the country instead of finding solutions for peace and make the usa and it neighbor strong…

    Reply
  • king_has_no_cloths kul

    August 1, 2019

    THE RACE TO 100 TRILLION DOLLAR ECONOMY IS ON. THAT IS WHAT CHINA WANTS. 1.5 BIL*52000 K=75 TRILL(PPP and 50 nominal GDP).
    at a conservative estimate of 5 percent growth for next 20 years, that is what it is gonna take.
    SO BOTTOM LINE: BY 2050, THEY WANNA BE 100 TRIL PPP OR AT LEAST 75 NOMINAL. LEAVING EVERYBODY TO SHREDS!
    IT IS GONNA HAPPEN. AND CANT STOP WHAT IS COMING!
    A SHIVER DOWN YOUR SPINE JUST THINKING ABOUT IT!

    Reply
  • Cristionel Jr Ronald Duan

    August 1, 2019

    I’m really happy for China

    Reply
  • Check The Last Monday

    August 1, 2019

    Seems like China is playing Sugar Daddy game here

    Reply
  • A Schneider

    August 1, 2019

    People thinking that China is a Philantropist, are somehow naive. They are faking their smiles, so people do business with them. In order to produce, export and import, they need massive infrastructure. They don't build infrastructure for free. That's when the loans come to play. Sri Lanka for instance is having trouble to pay the debts! Debt trap!

    They also don't see, that they are following a path into China's slavery, until it's too late and China is the next superpower.

    For clarification: I don't hate China. I visited China and I was amazed and I like it! But Chinese have never forgotten about the gunboat politics by the former colonial powers.

    Reply
  • Keyboard Warrior

    August 1, 2019

    yeah i don’t think they’ll become the superpower anytime soon, maybe the super power of trade but aren’t they already that

    Reply
  • Nancy Hobson

    August 2, 2019

    Well, I say good on them. The Chinese people have certainly worked hard to get where the country is today and if their leadership is smart enough to think of this good on them!

    Reply
  • Vũ Mạnh Hưng Đoàn

    August 2, 2019

    Choose comments wisely. No one is right.

    Reply
  • Ray Vincent

    August 2, 2019

    The Kid President Has Done Nothing For The Population of America but Has Made The Corporations and Large Share Holders Juggle Around Their Investments and The Only Country's Benefiting Will Be South American Nations That are Experiencing Economic growth while The American Public Suffers The Hardships of His Administrations!
    Government is Collecting More Money for the War Chest!

    Reply
  • James Parker

    August 2, 2019

    Lutherangrants org helped me financially for my business funding .I received a grant of $52,000 all thanks to them.

    Reply
  • Krusevac Ball

    August 2, 2019

    So China is quiet guy who can beat up every guy in school

    Reply
  • Lenny Online

    August 3, 2019

    Beware: The Road and Belt Initiative is about world expansion FOR CHINA disguised as a mutual trade route benefiting everyone. Look at Malaysia's "Forest City". The Chinese built 4 islands near SIngapore with lots of high rise buildings but then it also bought up 70% of the available apartments until the Malaysian government stopped it.

    Reply
  • Nemisis

    August 3, 2019

    China : Money
    US : Millitary

    Reply
  • Radha Krishna Ramagiri

    August 3, 2019

    Free money will always be spoiled no matter what ambitions.

    Reply
  • Daniel C

    August 3, 2019

    In the thumbnail, vox does not consider Taiwan as a part of China.

    Reply
  • Gakkeb Kallela

    August 3, 2019

    厉害了我的国

    Reply
  • Gemein Hardd

    August 3, 2019

    Isolation is danger

    Reply
  • Earl Egenor Beriso

    August 3, 2019

    now the world will only consist of the Chinese Federation, Holy Empire of Brittania, and U.N. then Zero/Lelouch will own the world.

    Reply
  • Aaron Wang

    August 3, 2019

    Roses are red
    Violets are blue
    China has changed
    It’s just the beginning of an new era

    Reply
  • Lovely Dolendo

    August 3, 2019

    Philippine is shakiiing

    Reply
  • SAITO Kun

    August 3, 2019

    Even kuwait is contracting with Chinese to build houses bridges and roads clearly not because kuwait lack money its one of the richest in the world it’s because we are tired of corrupted government that is using there on companies to take contracts and use them as a in infinite money source without any progress in the project not mentioning China companies efficiency and quality

    Reply
  • StarCraftBoy100

    August 4, 2019

    i havent play starcarft in a while but i can tell when someone is stacking units……….and china is stacking alright….

    Reply
  • Phi Pi Monares

    August 4, 2019

    why us view their opposing countries a threat when it surpass them from dominance?

    Reply
  • Naruto Mega

    August 4, 2019

    China tahu perang senjata sama Amerika Syarikat pasti kalah teruk. Strategi China kini melalui perdagangan seluruh Asia dan Eropah.

    Reply
  • Yubi K.

    August 4, 2019

    Scary

    Reply
  • Trump 2020

    August 4, 2019

    China is building a california through burma and pakistan. They're playing for control over the Eurasian landmass and thus control of all global trade, THIS IS NOT GOOD!!!!!!!!!

    Reply
  • Cassel Technologies

    August 5, 2019

    why are people bragging China and India, China is 5 to 6 times better than India but they are still a highly populated poor country, its is controlled by western world, the western world gives them work to do for cheap labor esp manufacture of goods……

    Reply
  • Mr G

    August 5, 2019

    Yeah!!!

    Reply

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