Monday, May 22, 2017

One Belt, Many Yokes

Suckers

China's "New Silk Road," as exemplified in the One Belt One Road (OBOR) and China-Pakistan Economic Corridor (CPEC) initiatives, is being sold to the world community as a leveraging of partnerships for a common good. Unfortunately, it increasingly looks like what's really being leveraged are the partners themselves

"CPEC is China's Plan To Make Pakistan A Client State, But The Latter Will Pay For The Privilege," R Jagannathan, Swarajya, 15 May 2017

Leak of a key CPEC document reveals agenda to embed Chinese influence and power in Pakistan while encumbering the nation in debt
https://swarajyamag.com/world/cpec-is-chinas-plan-to-make-pakistan-a-client-state-but-latter-will-pay-for-the-privilege

Moreover: CPEC driving repression in Balochistan, Kashmir: Business Standard, Jammu Scoopnews

"China's OBOR Vision: No Development Masterpiece," Salman Sheikh, Asia Sentinel, 19 May 2017

Debt-driven projects such as China-Laos Railway, Indonesia light rail, are typical OBOR incentives
http://www.asiasentinel.com/econ-business/china-one-belt-one-road-vision/

"Malaysia's balancing act between Asean and Beijing," Leslie Lopez, Straits Times, 19 May 2017

Infrastructure projects in Malaysia linked to Maritime Silk Road aimed at bolstering China hegemony in South China Sea, influence over Malacca Strait; 1MDB bailout a prime incentive
http://www.straitstimes.com/opinion/malaysias-balancing-act-between-asean-and-beijing

Furthermore: Mushrooming public debt in Central Asian countries have already paved the way for the western links of the New Silk Road: rferl.org; Asia Times

Finally: "Chinese taxpayers have most to fear on Silk Road," NASDAQ Breakingviews, 16 May 2017

OBOR likely to foment domestic credit crunch in China, just as economic growth has stalled

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