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|    Message 27,408 of 27,547    |
|    Leroy N. Soetoro to All    |
|    Trump's Trade Deals Offer Alternative to    |
|    08 Aug 25 01:05:44    |
      XPost: alt.politics.trump, sac.politics, talk.politics.guns       XPost: alt.politics.republicans, alt.fan.rush-limbaugh       From: leroysoetoro@americans-first.com              https://amac.us/newsline/politics/trumps-trade-deals-offer-alternative-to-       chinas-debt-trap-diplomacy/              As the United States and China work to hammer out a new trade deal,       Beijing is plowing ahead with its so-called “Belt and Road Initiative”       (BRI), a debt-trap diplomacy scheme dressed up as an international       infrastructure program. But as President Donald Trump forges new       agreements with other nations and reorients the global economy toward the       United States, it may undermine Chinese President Xi Jinping’s grand       ambitions – and create more leverage for Trump and his team as they       negotiate with the Chinese.              Launched in 2013, the BRI is often described as a “modern Silk Road,”       aimed at connecting China to Africa, the Middle East, and Europe through       massive infrastructure projects. But unlike the ancient Silk Road that       facilitated free-flowing trade, the BRI is about control, not commerce.       Through opaque contracts and predatory lending, China has used the BRI to       ensnare vulnerable nations in unsustainable debt, then leverage that debt       for political and strategic gain.              Despite being branded as a development initiative, the BRI is primarily a       tool for exporting China’s industrial overcapacity, especially in steel,       cement, and construction materials, while simultaneously       internationalizing the Yuan and expanding China’s military footprint.       Nearly every project carries a dual-use character, combining civilian       infrastructure with strategic or military applications.              As Dr. Gaoxiang Wong, a retired political economy professor who defected       from China, put it, “Deng Xiaoping envisioned a new venture capital system       for developing economies, but Xi Jinping has distorted this vision by       rejecting competition in favor of socialist planning.” He described the       BRI as “a fat chimera with little chance of success,” warning that it       could lead developing countries to financial ruin.              Dr. Derek Scissors, chief economist at China Beige Book, similarly noted       that while BRI figures appear impressive, much of the activity is simply       promises of investment. “Building takes longer than investing,” he said.       In other words, BRI may look like global expansion, but in reality, it’s       often just a slow-moving transfer of Chinese overproduction to weaker       economies.              Nonetheless, a new report from the Green Finance & Development Center in       Beijing and Griffith University in Australia revealed that BRI contracts       totaled $124 billion in the first half of 2025 alone – already exceeding       the $122 billion total for all of 2024. Several of the deals were       “megadeals” exceeding $10 billion in value, signaling that Beijing is       ramping up the initiative with renewed intensity.              One particularly worrisome project is a quantum communication line more       than 6,000 miles long between China and South Africa. Last year, a PLA       publication described the line as “an alternative to undersea cables,” for       which “the West has no alternative.”              Some in the media claim that Trump’s aggressive trade agenda has created       space for China’s BRI expansion. But that narrative falls apart when you       look at the facts. In just the past few days, Trump announced a sweeping       new trade deal with the European Union, which will boost investment,       balance trade, and strengthen transatlantic economic ties. That       announcement came on the heels of a major U.S.–Japan agreement, and more       negotiations are underway with other allies.              These aren’t symbolic gestures. They’re massive financial commitments.       Since returning to office, President Trump has helped secure more than       $5.2 trillion in foreign investment into the United States. That capital       reflects growing confidence in America’s future and an understanding that       fairness in trade leads to lasting prosperity for all partners.              Meanwhile, China is facing a crisis of confidence. In 2024 alone, a record       $168 billion in capital fled the country – the largest outflow since 1990.       Foreign direct investment fell to just $4.5 billion, down from $163       billion in 2020. Far from projecting strength, China is struggling to       retain global interest.              The contrast could not be clearer. While China uses its money to trap poor       countries in a cycle of dependency, Trump is using trade as a tool to       empower American workers and build reciprocal partnerships around the       globe. As the saying goes, a rising tide lifts all boats.              BRI’s problems are only becoming more obvious. China has lent more than $1       trillion to over 150 countries – many of them among the poorest in the       world. In 2024 alone, those nations were expected to repay two-thirds of       $35 billion owed to Beijing. China is now the largest official creditor to       53 countries and among the top five for two-thirds of the world’s most       vulnerable economies.              A recent report from the Lowy Institute found that China has shifted from       being a lender of new capital to the world’s largest destination for debt       service payments from developing nations. These payments often come at the       expense of essential services like health care, education, and poverty       alleviation. Restructuring requests and pleas for relief have gone       unanswered. As the Lowy report put it, “The high debt burden facing       developing countries will hamper poverty reduction and slow development       progress while stoking economic and political instability risks.”              That’s exactly the point. The BRI isn’t about development; it’s about       control. As Dr. Shufen Yóulan, a former CCP lecturer and defector,       remarked, “This idea benefits the Party, not the people. Each year, under       the CCP means people are worse off.”              Inside China, the economic picture is just as grim. Xi Jinping’s latest       Five-Year Plan promised prosperity and rejuvenation. Instead, China is       dealing with plummeting birth rates, soaring youth unemployment, and a       collapsing investment climate. In 2024, the birth rate had declined by       over two million in a single year – the sharpest drop since the Great       Famine of 1961.              Youth unemployment also hit 21.3 percent in 2023 before the government       stopped publishing the data. As of August 2024, the reported figure was       still a staggering 17.1 percent. This is not the profile of a rising power       – it’s a warning sign of deep internal dysfunction.              That dysfunction is undermining the very foundation of BRI. Chinese       citizens do not benefit from trade imbalances or from financing ghost       ports in Africa and Asia. BRI projects may enrich CCP elites and extend       Beijing’s reach, but they do nothing to lift the average Chinese citizen       out of poverty.              Trump’s trade policy, by contrast, is the precise antidote to China’s       ambitions. It restores fairness to the global economic system, builds real              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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