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BRI Is A Catalyst For Economic Re-Growth

As COVID-19 pandemic hits many countries in every continent, millions of people are infected. Cities are locked down. Schools are suspended. Factories are closed. Supply chains are disconnected. Cross-border trade is adversely affected. Now, the pandemic is now under control in some countries. Mayors are considering to resume the business activities soonest. It appears that BRI is the ideal moderator for quick economic recovery for interested parties.

The enormous population of the BRI countries creates a steady demand for consumer products and services. Hence, factories may feel confidence to re-invest for and expand production lines as orders are secured. The BRI Project involves infrastructures and construction of railways, etc. along various countries. The completion of infrastructures includes the raising of capital, input of investment, pooling of labor, and the employment of technology. Now, cities are eager to resume the business activities soonest. BRI is the ideal engine for cross-sectors motivation.

BRI, as a global agenda, benefits billions of populations. It provides momentum to investments and infrastructures. Being long-term projects, the impact of COVID-19 to the BRI are diversified. Risks are put to a minimum and are likely to be neutralized. The aftermath of COVID-19 effect may have long lasting adverse effects and leaders should find solutions to restore prosperity. BRI is a gigantic strategy which pools together resources and talents across continents. Opportunities and jobs are expected. After infrastructures are constructed, other projects follow. Trade and commercial activities are attracted to the Belt and Road as well as cities nearby. The inflow of capital provides dynamics to economic growth. BRI contributes to urbanization and development. In return, urbanization attracts talents and entrepreneurs. The cities then form or restructure their economic model which best fit their own respective population, culture and development.  If the Silk Road is a record of history centuries ago, then BRI would be a bridge to our future, especially involving at least one quarter’s world population. BRI initiates the energy for economic resonance for countries in the region or inter-continents. Consequently, the economic resonance converts to GDP growth domestically. The countries within the BRI share common vision including short-term objectives like economic recovery and long-term goals such as sustainability. The countries shall work together with the BRI and other extended platforms to contribute to the economic resonance.

The post-pandemic situation in the commercial sector is unstable and uncertain.  It may take years or even a decade for a country to recover and re-bounce if there is no common platform. No doubt, the BRI acts as a catalyst in the adverse business environment. Politicians and businessmen eye for an economy with growth and good prospectus. The geographical distance with the BRI would be a valuable asset to some cities for rescuing from the economic downturn. A recovery from the pandemic aftermath and economic recession would be brilliant achievements for the cabinets’ governance and leadership. To overcome hardship, we need unity but not confrontation. Both COVID-19 and hostility are enemies to mankind. We pray for health and harmony.

 

Chu Kar-kin

 

 

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14 Responses to “BRI Is A Catalyst For Economic Re-Growth”

  • BK:

    God’s sake or for Xi’s sake provide some data man. Give some examples. Be ready to be debunked. Defend. Ratonalize. I’m amuse.

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  • Dr. Chan:

    BRI is CCP’s debt trap diplomacy, and expansionism strategy per CCP’s ‘Unrestricted Warfare’.
    Be careful when doing business with CCP. Recently, CCP seized (long time member/support) Jackie Chan’s mansion and Frozen Jack Ma’s Ant Group IPO for speaking about China’s financial regulation.
    CCP is known to seize Seaports, Land of countries that cannot repay debt borrowed to build infrastructure for the BRI.
    Don’t fall into the Communist’s trap. Decoupling from them is a better option.

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  • @ Dr Chan.

    Business circle gossip has it that Jack Ma’s problem with the autorities started all because of the “big data” project launched by the central bank and participating governemtn agencies.

    It is believed that the authorities had asked both Tencent and Alibaba to “cooperate” and allow the gahment to have access to their unique credit reports and credit ratings on their respective clients, but both Pony and Jack refused to hand over the data and both choose to resign from the positions – so that they need not be forced to make the decision.

    Remember I have said that Alipay (another of Jack’s company) probably has more borrowing clients than major banks in China because of Alipay and Taobao, and WeChat (which has a loan system of their own) combined means they have the largest credit rating database in China, being the largest payment processors in China.

    So when they were asked to “cooperate” and share their client base with say, the central bank, of course they refused to and both resigned last year, before the Covid 19 struck.

    Without the 2 of them heading Wechat and Alibaba, the largest shareholders of Alibaba and Wechat are all VCs (based out of China), therefore probably the gahment not happy one.

    So since you not “guai guai” and listen good good, why should they be allowed to make more money, dio bo?

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  • Harder Truths:

    BRI is a debt trap for poor and developing countries that cannot repay the loans given by China. As in Sri Lanka, the naval base & port were handed over to China to run once the Sri Lankans defaulted.

    This is now happening in Cambodia and Laos. Malaysia was lucky Mahathir made a last minute deal to cut the costs. These countries may be pressured to follow Xi’s political agenda if they cannot pay.

    The EU is rejecting China’s all-or-nothing approach, starting with 5G. $G has also decided not to use Huawei – you can be sure the other Asean nations will follow suit to be compatible with SG / USA alternatives.

    In India after the ongoing border clash anything Chinese – from apps to household products – will be dumped. Same with Australia where a trade war is now ongoing.

    India, Japan, Australia and US are creating a counter-trade bloc to rival the BRI, and this looks to be an alternative to nations that do not want to become China’s vassal states. The realisation of the BRI dream does not seem to be materialising as hoped for.

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  • Observer:

    The biggest flaw of the BRI plan is the railroad to Iran. Furthermore, 穷 人 的 钱 很 难 赚 。

    Singapore is better off joining the money-creators and TPP. And Singapore and Malaysia should consider hyperloop.

    Hope the money-creators can help Protestant-Christian-Singaporeans and non-denominational-Christian-Singaporeans prosper. Because they give thanks to the God of Israel.

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  • Two Stars On My Shoulders:

    Well said….
    Thought of writing a rebuttal, but asked, “what’s the use”? wasting my time & energy on the likes of TKL, Simon Lim and above writer. Astute readers know where they’re coming from.

    Harder Truths:
    BRI is a debt trap for poor and developing countries that cannot repay the loans given by China. As in Sri Lanka, the naval base & port were handed over to China to run once the Sri Lankans defaulted.

    This is now happening in Cambodia and Laos. Malaysia was lucky Mahathir made a last minute deal to cut the costs. These countries may be pressured to follow Xi’s political agenda if they cannot pay.

    The EU is rejecting China’s all-or-nothing approach, starting with 5G. $G has also decided not to use Huawei – you can be sure the other Asean nations will follow suit to be compatible with SG / USA alternatives.

    In India after the ongoing border clash anything Chinese – from apps to household products – will be dumped. Same with Australia where a trade war is now ongoing.

    India, Japan, Australia and US are creating a counter-trade bloc to rival the BRI, and this looks to be an alternative to nations that do not want to become China’s vassal states. The realisation of the BRI dream does not seem to be materialising as hoped for.

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  • @Crony Capitalist Party:

    “If we want the Republic to be solid, we must first build its foundation. We need not look abroad for this foundation; we should seek it in the hearts of all the people of the nation…. Remember that a civilized nation cannot just have one party; if there were only one party, this would merely be a dictatorship. Politics could not advance….. I am a coolie and the son of a coolie. I was born with the poor, and I am still poor. My sympathies have always been with the struggling mass.”

    Dr. Sun Yat Sen, Father of modern China

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  • Business Reformative Invasion:

    How about Indonesia?

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  • @ Observer:

    @ Hope the money-creators can help Protestant-Christian-Singaporeans and non-denominational-Christian-Singaporeans prosper. Because they give thanks to the God of Israel.

    How come US and Europe so many kena virus and many died. Of course god may not necessary be benevolence.

    Road to Iran = Oil .

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  • Observer:

    If you want a backup, you can make your tunnels compatible with both Hyperloop and HSR.

    But please call Musk and Branson about hyperloop.

    Unless you can ask CCP to drop Iran from BRI.

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  • Harder Truths:

    Two Stars On My Shoulders: Well said….
    Thought of writing a rebuttal, but asked, “what’s the use”? wasting my time & energy on the likes of TKL, Simon Lim and above writer. Astute readers know where they’re coming from.

    All thoughts are welcome – if we are truly showing the people of $G about democracy, we can all air our viewpoints and get along. Please contribute if you have anything to say. We grow stronger with every post, no matter what the viewpoint is.

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  • Two Stars On My Shoulders:

    Viewpoints like democracy should be bilateral and reciprocal, involving exchanges of opinions. NOT when being challenged, you kept *MUM* like TKL. How to get along?

    That is not democracy but talking down to people to influence them like what pappy is doing to sheeples.

    Harder Truths: All thoughts are welcome – if we are truly showing the people of $G about democracy, we can all air our viewpoints and get along. Please contribute if you have anything to say. We grow stronger with every post, no matter what the viewpoint is.

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  • Two Stars On My Shoulders:

    @Harder Truths

    On the same note. BK had asked the writer above for data. Let’s see what he has to say.

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  • @@CCP:

    @@CCP

    —————-

    But build foundation no use. People also dont support local.

    E.g. TKL buy 2 laptops also intend to purchase from Malaysia.

    Support Hyflux , still hanging in the air 血本無歸.

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