State of Victoria and China's BRI

Discussion in 'Living Room' started by larrylarry, 28th May, 2020.

Join Australia's most dynamic and respected property investment community
Tags:
  1. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
  2. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,856
    Location:
    My World
  3. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
  4. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    9,626
    Location:
    Planet A
    An interesting read is the book "The New Silk Road" ... it outlines what is happening in regards to the BRI for many countries and, although appears positive on the surface, the results can be rather worrying.

    For example China lends a poor country monies to upgrade their international airport - the country can't pay back the monies so China says something along the lines of "no probs, just let us build a naval base in this spot and we'll forget the debt".

    It's not aggressive as such - but rather conquering by stealth.
     
  5. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    Same thing in Sri Lanka when I visited 3 years ago. The port is now leased to China for 99 plus 99 years I think because they failed to repay the loan. The government failed to do anything with the money to improve the port. As we went around Colombo, the guide showed us the number of significant buildings (hotels, commercial buildings etc) are owned by China. They must be printing a lot of money to lend others.
     
  6. random

    random Well-Known Member

    Joined:
    1st May, 2016
    Posts:
    997
    Location:
    vic
    Funny you should bring that up because guess what.
    They lease the port of Darwin , yep Darwin , for 99yrs too.
    WTF is wrong with this country.?
    Anyway , l don't like this road thing with Vic not one bit it's madness involving a country like China in our roads wth is wrong with them.
    Do othr countries do this , like wealthier countries l mean not the poorer ones , like Uk or any of the European countries .?
     
    Last edited: 29th May, 2020
    Doncossack75 and Lizzie like this.
  7. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    9,626
    Location:
    Planet A
    And the port of Newcastle - lots of anger about that - which is the major coal export port of Australia
     
  8. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    Yes port in Darwin.
     
    Fargo likes this.
  9. random

    random Well-Known Member

    Joined:
    1st May, 2016
    Posts:
    997
    Location:
    vic
    Why does this country do such things , is there any logic or reason in it?
    Apart from l'd suppose a big payday .
     
    Doncossack75 and Fargo like this.
  10. Fargo

    Fargo Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,304
    Location:
    Vic
    China does deals secretly, bribes officials to get deals done, uses strategic assets as collateral, when Sri Lanka couldnt pay a debt it SEIZED a strategic seaport, this now as debtor nations concerned. A supposedly dodgey An ex PLA officer convicted of fraud has established a flight train school in Victoria funded by a Chinese state funded company, strategic airfields have been up graded with new runways, and ILS installed that is unviable for amount of commercial traffic. Only Chinese can use the training. In lock down chinese were flying . But australian pilots werent allowed to fly . The PLA officer wont give an interveiw or answer questions.
     
    Traveller99, skater and Lizzie like this.
  11. shorty

    shorty Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,207
    Location:
    straya
    Are you talking about this?

    Flying school allegedly funded with embezzled Chinese loans

    Don't think he's be too popular with the Chinese government after allegedly defrauding a Chinese bank of $40m. Also, the Australian government paid for the ILS (in part).
     
  12. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    9,626
    Location:
    Planet A
    The are a few strategic ports popping up in the middle East gulf country under similar circumstances.

    A country like China doesn't do something for nothing in return
     
  13. skater

    skater Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    10,259
    Location:
    Sydney? Gold Coast?
    Absolutely not! I think we really need to be very careful with China.
     
    MTR and Doncossack75 like this.
  14. Traveller99

    Traveller99 Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    754
    Location:
    Settled
    Greg Sheridan, who works for The Australian, is a good commentator to follow on all things China.
     
    marty998 and Toon like this.
  15. random

    random Well-Known Member

    Joined:
    1st May, 2016
    Posts:
    997
    Location:
    vic
    Yep this is what l've always thought too and why l just shake my head at some of this Australian stuff going on. What about the QLD university talk in that other thread . Where dose it end.
    Well , l have one theory. They don't want to war their way into places anymore so they're buying their way in and they'll just keep chipping away until one day we turn around and blow me down , China is running Australia.
    Sounds far fetched , how could that possibly happen well , they know Australia just can't say no to their money , easy peasy , and our leaders of all sorts aren't exactly the sharpest tools in the shed either obviously, soooo , probably not as far fetched as it might sound. Nother 30 yrs l really hate to think.
     
    Lizzie likes this.
  16. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    9,626
    Location:
    Planet A
    No they don't want war ... that is why their wealth has grown so rapidly, they're not spending trillions a year trying to be the world's policeman.

    I'd recommend "the new silk road". Heavy reading in parts, and not anti China (nor pro)... just a real eye opener as to how they think and operate on the world stage
     
  17. iloveqld

    iloveqld Well-Known Member

    Joined:
    11th Jan, 2017
    Posts:
    921
    Location:
    Brisbane
    No ones want war until it happens due to policy and gradually rising conflicts.
    Look at their claims at the water around South East Asia, then Hong Kong and Taiwan. Australia will need to pick side sooner or later...
     
    MTR likes this.
  18. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    9,626
    Location:
    Planet A
    Do we need to pick a side? I like the idea of countries like Australia, NZ, Germany, Iceland, Canada ... and all those that have shown tolerance, leadership and fairness ... to form a loose and new "world leader co-operative"
     
  19. random

    random Well-Known Member

    Joined:
    1st May, 2016
    Posts:
    997
    Location:
    vic
    Funny , l was watching a Chinese movie , looks like a gorgeous country and beautiful mix of old and new , landscapes and space and villages and it's pretty damn big even with their population.
    Wth would they even care about other countries ?
     
  20. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    9,626
    Location:
    Planet A
    Because things like ... less than 10% of their land is arable for food production so they are seeking food security ... their water is becoming heavily polluted through chemical farming, industry and population so they are trying to buy water security ... and to oversee all that they need military security

    AGRICULTURE IN CHINA: CHALLENGES, SHORTAGES, IMPORTS AND AND ORGANIC FARMING | Facts and Details

    The domestic and global shocks of the growing water crisis in China | GRI.

    **sorry this article is a bit old but is pretty comprehensive
    Why China Must Figure Out How to Feed the Whole World
     
    skater likes this.