Expert: The China agreement cannot be implemented amid political corruption in Iraq ... Washington's approval is necessary

[Floridian]

9 minutes ago, Synopsis said:

 

 

 

 ANOTHER Great Question, Floridian, AND The Best Of Your Day To You!!! 

 

Sumore mythical math:

 

8.8 TRILLION USD / year / 1.825 BILLION USD / year = 4,822 OR 482,200%

 

WOWZERS!!!

 

Yet MORE mythical math:

 

SAY, for illustration purposes ONLY, China has an ADDITIONAL 1.825 TRILLION USD / year passing THROUGH Iraq FOR INTERNATIONAL TRADE. THEN.................................................................

 

1.825 / 8.8 = 21% INCREASE ON THEE CHINESE ECONOMY DUE TO EXPORTS AND......................................

 

1.825 TRILLION USD / year / 1.825 BILLION USD / year = 1,000 OR 100,000%

 

NOW WHO, pray tell, WOULD NOT WANT TO MAKE A 100,000% ON THEIR INVESTMENT???!!!

 

ANYONE???!!!

 

in MY (NOTE: MY) opinion, as WEALTHY as Iraq is in natural resources FAR BEYOND JUST THE OIL AND BEING STRATEGICALLY LOCATED ECONOMICALLY.................................................................

 

THEE ONLY WAY TO MAKE THE Bicraqi Iraqi Dinar TO WORK RIGHT IS INTERNATIONALLY DUE TO TRADE.

 

I hearken back to Former President Tricky AND Mousy Dung. WHY, pray tell, OPEN UP CHINA???!!! MY (NOTE: MY) opinion is WHIRLED WIDE GLOW BULL MONEY FLOWS DUE TO INTERNATIONAL TRADE ARE NECESSARY TO AVOID BANKRUPTING ANY COUNTRY LIKE FRANCE TRIED TO DO IN 1971 BY TRYING TO REDEEM USD GOLD CERTIFICATES FOR PHYSICAL GOLD.

 

Former President Tricky said, "Nuh uh, WE ARE GOING FIAT AND I AM GOING TO TALK TO THE CHINESE TO FIX THIS WITH WHIRLED WIDE GLOW BULL TRADE AND MONEY FLOWS PROBLEM!!!"!!!

 

SO, Wednesday, January 15, 2020 when The United States Of America AND China Phase One Trade Deal Is Signed MAY BE BABY THEE "trigger" SO THE UNITED STATES OF AMERICA IS NOT BANKRUPTED DUE TO LEGACY BRETTON WOODS AND SUBSEQUENT AGREEMENTS.

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!

 

HOWEVER.........................................................................

 

Could be somethin'. Could be nuttin'.

 

In The Mean Time................................................................................

 

The "Standard" Disclaimer" Applies....................................................

 

AND (of course)...................................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

   

 

 

Okay, next question:

Why do I ever doubt you?    😂

 

You're making sense here, Synopsis.

Okay, let's see what the next few days brings.

 

Thanks for all the answers.  😀

 

 

[Synopsis]

2 minutes ago, Floridian said:

 

Okay, next question:

Why do I ever doubt you?    😂

 

You're making sense here, Synopsis.

Okay, let's see what the next few days brings.

 

Thanks for all the answers.  😀

 

 

 

         

 

Careful NOW, Floridian, EVERYBODAE' knows, "I needs watchin'!!!"!!!

 

      

 

         

 

AND EVERBODAE' APPRECIATES YOU, Floridian, HELPING TO KEEP THE FACTS STRAIGHT!!!

 

      

 

THAT is MY (NOTE: MY) "story" AND I AM "stuck" TO IT!!!

 

      

 

         

 

Go Moola Nova!

[DinarDavo]

38 minutes ago, Synopsis said:

 

         

 

Careful NOW, Floridian, EVERYBODAE' knows, "I needs watchin'!!!"!!!

 

      

 

         

 

AND EVERBODAE' APPRECIATES YOU, Floridian, HELPING TO KEEP THE FACTS STRAIGHT!!!

 

      

 

THAT is MY (NOTE: MY) "story" AND I AM "stuck" TO IT!!!

 

      

 

         

 

Go Moola Nova!

 

Not sure what the ruby is for ..... +1

[Synopsis]

Just now, DinarDavo said:

 

Not sure what the ruby is for ..... +1

 

      

 

 Me Neither AND Thank You, DinarDavo, AND The Very Best Of Your Week To You!!! 

 

Honesty, MAYBE???!!!

 

      

 

LIKIE Rule Of Law Based On The Constitution Of The United States Of America TO INCLUDE The Ratified Bill Of Rights Is DEFENDED By True The United States Of America Patriots AGAINST THE ONSLAUGHT OF Domestic Enemies???!!!

 

YEP!!!

 

True The United States Of America Patriots HOLD THE LINE!!!

 

 

Honestly!!!

 

Go Moola Nova!

[new york kevin]

2 things. 1 with Mahdi being a care taker PM, can he sign this treaty/memorandum of understanding?  2. Parliament just declared a 1.5 month vaca starting at the end of Jan; so what ?

[6ly410]

In the video, the China Agreement will contribute to developing the country's reality

Alsumaria special

2020-01-15 | 06:48

https://www.alsumaria.tv/news/خاص-السومرية/331666/بالفيديو-اتفاقية-الصين-ستسهم-بتطوير-واقع-البلاد

Resorting to a new ally, China and leaving the United States of America, is a decision that prevailed in optimism in social networking positions. After the signing of the economic agreement with Baghdad and Beijing, opinions differ on the possibility of working with the terms of that agreement. Developing the reality of the country

 

Before its application or knowledge of its clauses, the agreement between Baghdad and Beijing was accompanied by different reactions at the popular and political levels. Between the optimism that issued social networking sites and the talk of the street, the agreement was met with campaigns of fallout led by media platforms and various countries in criticism of Iraq’s exit from the American wing and asylum in China, matter and despite The simple citizen is not aware of its details, but it was widely welcomed, in the hope of improving the reality of the country.

 

 

And if the first package of projects that Chinese companies will work on in all of Iraq’s provinces succeed, the choice is left before the Iraqi government’s desire to raise the ceiling of investment in oil sales to more than one hundred thousand barrels per day, so that the work will be on a faster and wider scale, according to specialists who stressed the need to define a ceiling My work schedule for these companies and transfer of expertise to Iraqi workers.

Many observers are calling for avoiding the repeated mistakes that occurred during previous agreements with Washington and some countries in the region that did not entrust their mandate to Iraq. Thus, for the first time, Baghdad entered into a contract with Beijing to rehabilitate the infrastructure and promote the economic factors of the country.

Edited January 16, 2020 by 6ly410

[Butifldrm]

Parliamentary Planning: Those who objected to the Chinese agreement were the ones who stood against the removal of American forces

18:06 - 01/15/2020

0

 

  

Information / private ...

The Parliamentary Planning Committee confirmed on Wednesday that protesters from the political blocs on the economic agreement with China objected to the House of Representatives vote on the decision to remove the American and foreign forces from the country, while it showed that the protesters are divided between loyalty to the United States of America and the corrupt losers of investment contracts.

Committee member Mohamed Karim said in a statement to "Information", that "the economic agreement does not enter the country with the policy of axes, as some political forces loyal to the United States have claimed," noting that "the agreement will contribute to solving all service problems, most notably the solution to the housing and unemployment crises."

He added that "the protesters against the economic agreement with China are the political blocs that objected to the House of Representatives vote on the decision to remove American and foreign forces from the country." Noting that "the protesters are divided into two parts, the first pro-US blocs and their military presence in Iraq and the other corrupt section who lost The acquisition of investment rules.

And the Parliamentary Investment Committee confirmed, yesterday, Tuesday, that the federal government committed the Chinese side to employ local labor within the investment projects that will be implemented in Iraq through the economic agreement. It ended 25 T.

https://www.almaalomah.com/2020/01/15/449844/

[King Bean]

On 1/14/2020 at 5:42 AM, Butifldrm said:

it undermines the work of Parliament

 

This guy must be smoking camel dung in the water pipe. He said 'Parliament' and 'work' in the same sentence. If Iraq waits for GOI to move forward on anything that benefits the citizens, it will be a long wait. And given they did nothing this last year, and just adjourned for 6 weeks, doesn't speak well for any advancement......including our investment. Pathetic.

[Butifldrm]

Parliamentary Economic: The Chinese agreement provides for the employment of 80% of Iraqi workers

12:55 - 21/01/2020

0

 

  

The information / Baghdad ..

The Parliamentary Investment and Economy Committee revealed, on Tuesday, the existence of positive items in the China-Iraq agreement, including the requirement of Iraq to employ 80% of Iraqi workforce in Chinese projects.

Committee member Nada Shaker Jawdat said in a statement to "The Information" that "the China-Iraq agreement contains some positive provisions, including the requirement of Iraq to provide about 80% of the Iraqi workforce in Chinese companies operating in Iraq."

Jawdat explained, "This paragraph will contribute to ending the problems of unemployment in large proportions and proceeding with the reconstruction of cities and cutting out government jobs."

Jawdat, who is a deputy for Al-Nasr coalition , stated that "the defect in the agreement is not to specify the date for launching projects in Iraq, as well as not to identify most projects in the provinces." ” Finished / 25 d

https://www.almaalomah.com/2020/01/21/451003/

[Butifldrm]

 

The Minister of Planning invites ministries and governorates to present their priorities of the projects proposed for implementation within the Iraqi-Chinese agreement

 

 

A part of the Iraqi delegation’s visit to China. "Internet"

  

 Construction and building

 

The Economy News - Baghdad

Today, Thursday, Minister of Planning Dr. Nuri Sabah Al-Dulaimi called on all ministries and governorates to submit a list of strategic priority projects, after aligning them with the goals of the national development plan, for implementation within the Iraqi-Chinese agreement .

Dr. Nuri Al-Dulaimi emphasized during his call to submit proposed projects as quickly as possible after aligning them with the objectives of the national development plan, development gaps and spatial advantage, according to the activities listed in the Prime Minister’s Office letter on 01-01-2020, and the Ministry of Planning’s letter sent to the Prime Minister’s office in 31-12-2019, which includes a list of the main projects proposed for implementation within the Iraqi-Chinese agreement .

 

He pointed out the importance of clarifying the details of each project and the completion of the requirements for inclusion or not, the position on the plan whether it is listed or not included, and the obligations that the contracting authority prefers whether it is contracted or not, stressing the importance of choosing projects according to the priority and need of citizens.

Number of views 23   Date added 23/01/2020

http://economy-news.net/content.php?id=18868

[Butifldrm]

A special meeting for the Iraqi-Chinese agreement projects headed by Abdul-Mahdi

 

Economie

2020-01-23 | 09:17

969 views

The office of the caretaker head of government, Adel Abdul-Mahdi, announced, on Thursday, that a meeting will be held on the projects of the Iraqi-Chinese agreement headed by Abdul-Mahdi.

"The Prime Minister, Adel Abdul Mahdi, today, Thursday, presided over a special meeting of the Iraqi-Chinese agreement projects in various parts of Iraq and to follow up on implementation policies and complete the presentation of the most feasible projects related to infrastructure development in the fields of roads, transportation, energy and housing," the office said in a statement. And petrochemicals and others. "

He added that "the priorities for productive projects that would develop the economy, support the private sector and operate the workforce" were discussed, noting that "the meeting was attended by the Minister of Planning and a number of deputy ministers and advisers to the Prime Minister."

 

In September 2019, Iraq and China signed eight agreements and memoranda of understanding at the end of talks held by Abdul-Mahdi on his visit to Beijing.

https://www.alsumaria.tv/news/اقتصاد/332420/اجتماع-خاص-بمشاريع-الاتفاق-العراقي-الصيني-برئاسة-ع

[Butifldrm]

OM FACEBOOK

 

The Ministers of Planning and Transport discuss the stages of the completion of the "Grand FAO Project"

by Ali EjamIraq News , Economy20 Hours ago

Baghdad:

Minister of Planning Nuri Sabah Al-Dulaimi and Transport Abdullah Laibi discussed the stages of the completion of the Grand FAO project and the efforts of the Ministry of Planning to provide the conditions necessary for the completion of the project according to international specifications and the specified time stages for it.
Al-Dulaimi explained during the meeting, "the endeavors that the Ministry of Planning went in achieving with national and international parties to accomplish the grand FAO project," which represents the most prominent priorities that will be implemented under the Iraqi-Chinese agreement during the current year 2020;

He affirmed, “The Ministry presented a vision that includes providing the allocations and resources needed to complete the project within three years, pointing out that the ministry provides possible facilities for government contracting procedures with the implementing companies. , In addition to being a factor of stability in the region as a global corridor, indicating that the project will include the construction of highways and other railways between southern, northern and western Iraq.
For his part, the Minister of Transport expressed his appreciation for the efforts of the Ministry of Planning in the grand FAO project, and the procedures that the Minister of Planning directed during the meeting, stressing its importance in providing the necessary work requirements for implementation, indicating thus the strategic importance of the project to Iraq and the region, as it will be among the ten largest ports in The world is in terms of handling, which will reach about two million containers annually, pointing out that the last stage of the project will include 46 container berths, 16 other full berths, 20 general cargo berths, and 6 berths for oil derivatives.

Share this topic:

http://altahreernews.com/11237/

[ronscarpa]

On 1/21/2020 at 4:24 AM, Butifldrm said:

Parliamentary Economic: The Chinese agreement provides for the employment of 80% of Iraqi workers 

 

2 hours ago, Butifldrm said:

 

The Minister of Planning invites ministries and governorates to present their priorities of the projects proposed for implementation within the Iraqi-Chinese agreement

 

1 hour ago, Butifldrm said:

A special meeting for the Iraqi-Chinese agreement projects headed by Abdul-Mahdi

 

9 minutes ago, Butifldrm said:

The Ministers of Planning and Transport discuss the stages of the completion of the "Grand FAO Project"

 

Thanks for these informative articles butifldrm...Iraq is trying to move along..!

Blessings.....RON 

[Butifldrm]

Expert: Chinese agreement will raise Iraqi economic growth 9%

19:35 - 01/26/2020

0

 

  

Information / private ...

Economic expert, Saleh Al-Hammash, confirmed on Sunday that the Iraqi-Chinese agreement can increase Iraqi economic growth by 9% if accompanied by the formation of a strong government and security and political stability.

"The agreement needs several factors to make it successful, including providing a valid working environment, speedy formation of a strong transitional government, and preparation for early elections," Al-Hamash told Al-Maalouma.

He added that "the stable security aspect and political calm are among the main factors that succeed in the agreement," noting that "it will provide more than a million job opportunities for the unemployed hands if it moves all its aspects."

He explained that "the Iraqi economic growth ranges between 1.5 to 2%", pointing out that "the agreement can achieve a growth spurt of between 7 to 9% if accompanied by good environmental conditions for work." Ended 25 and

https://www.almaalomah.com/2020/01/26/452085/

[Butifldrm]

 

02/20/2020 13:35

• Views 41
• Section: Iraq
•  

The Ministry of Interior prevents foreign immigrants from China from entering Iraq

Baghdad / Obelisk: On February 2, 2020, the Ministry of the Interior announced that foreign immigrants from China would not be allowed to enter Iraq.

The ministry spokesman, Brigadier Khaled Al-Muhanna, said in a statement received by "Al-Masala", that it is among the preventive measures taken by the countries of the world to confront the new Corona virus and its commitment to protect its citizens from its catastrophic effects and negative repercussions on public health and country security, the Ministry of Interior decided to prevent entry of foreign arrivals from The People's Republic of China to Iraq.

Obelisk 

http://almasalah.com/ar/news/187210/الداخلية-تمنع-دخول-الوافدين-الاجانب-من-الصين-إلى-العراق

[Butifldrm]

Experts: China will need Iraqi oil until 2060

11:01 - 10/02/2020

0

 

  

The information / Baghdad ..

The advisor to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, confirmed on Monday that the experts' estimates indicate that China will need Iraqi oil until the year 2060, while he pointed out that the Chinese agreement covers many areas.

"The agreement with the major Chinese companies includes many fields, including dams, water, agriculture and infrastructure, and these companies will provide thousands of job opportunities for the Iraqis," Saleh said in statements followed by the information.

He explained, “ Iraq and China signed the Memorandum of Understanding, as the Iraqi Ministry of Finance was the party signed by Iraq , the Chinese Warranty Agency on 11-5-2018, and the Cabinet approved this, and this agreement was followed by the signing of a supplement in exchange for the export of 100,000 Iraqi oil barrels. To China. ”

Saleh pointed out that "Iraqi oil exports to China amount to 22 percent, and China is the number one importer of oil from Iraq , so Iraq is a true partner to China," stressing that "China needs Iraqi oil until 2060, according to an expert assessment." Ended / 25

https://www.almaalomah.com/2020/02/10/454901/

[Butifldrm]

The Washington Times: Iraq's accession to the Chinese Belt Initiative is a challenge to US hegemony

12:41 - 02/10/2020

0

 

  

Information / translation ...

A report of the American Washington Times reported on Monday that Iraq’s transformation of the Chinese Belt and Road Initiative is a challenge to US hegemony in the Middle East.

"The economic path of China in the twenty-first century, as it establishes billions of dollars in partnerships with Iraq, Pakistan and even war-torn Syria to provide fuel, is in pursuit of China replacing the United States as the world's superpower ," the newspaper said in its report, translated by Information Agency .

"According to analysts, the unexpected announcement by Iraq last fall of its intention to join the massive belt and road initiative in Beijing is just an example of the rapidly growing economic footprint of China in the Middle East," she added.

"China views the region as fertile soil for investments in water networks, roads, bridges, electrical networks and other essential parts of the infrastructure that have not been fully developed at all or that have been severely degraded by decades of war," she added.

She indicated that “China has pumped $ 24 billion in Iraq since 2005, and the vast majority of this amount is in energy projects, according to the China Global Investment Tracker, a project of the American Enterprise Institute and Heritage Foundation,” noting that “China has invested throughout the Middle East. North Africa is about $ 200 billion over the past 15 years, and this number is expected to increase dramatically over the next decade as the Belt and Road strategy enters its next stage. ”

She explained that, "despite the large American military presence in Iraq , China is the second largest trading partner of Iraq and the second largest supplier of the huge Chinese oil market."

The newspaper noted in its report that “For the United States, which is fighting a sharp struggle for influence in Iraq with neighboring Iran , the economic influence of China carries serious geopolitical repercussions because the flow of money to countries like Iraq strengthens the ties of those countries with Beijing and limits American hegemony in the east The middle. ” Ended / 25 z

https://www.almaalomah.com/2020/02/10/454933/

[nannab]

Thank you and good morning Butifldrm. 

[Butifldrm]

Good morning DV and nannab!

[SocalDinar]

Iraq turns to China's 'Belt and Road,' challenging U.S. dominance in Middle Eas

 

 

Thanks Butifldrm  Here is the article in Washington Times

 

 

By Ben Wolfgang - The Washington Times - Sunday, February 9, 2020

China’s path to economic dominance in the 21st century runs directly through the Middle East, with Beijing banking on forging multibillion-dollar partnerships with Iraq, Pakistan and even war-torn Syria to provide fuel in its quest to supplant the U.S. as the world’s top power.

Iraq’s unexpected announcement last fall that it intends to join Beijing’s massive Belt and Road Initiative, analysts say, is just one example of China’s rapidly growing economic footprint in the Middle East.

China views the region as fertile soil for investments in water systems, roads, bridges, electrical grids and other key pieces of infrastructure that have either never been fully developed or have been badly degraded by decades of war.

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China has poured about $24 billion into Iraq since 2005, and the vast majority of that is in energy projects, according to the China Global Investment Tracker, a project of the American Enterprise Institute and The Heritage Foundation.

Across the Middle East and North Africa, China has invested roughly $200 billion over the past 15 years. That number is expected to grow exponentially over the next decade as the Belt and Road strategy enters its next phase.

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  TOP ARTICLES2/5READ MORENSC moving ahead with plan todownsize staff in wake of Vindman's ouster

 

 

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“Iraq has gone through war and civil strife and is grateful to China for its valuable support. Iraq is willing to work together in the ‘One Belt, One Road’ framework,” then-Iraqi Prime Minister Adel Abdul-Mahdi told Chinese President Xi Jinping on a state visit to Beijing in October, according to the Asia Times.

Even with a massive U.S. military footprint in the country, Iraq’s biggest bilateral trading partner is China and is the second-largest supplier of China’s vast oil market.

China’s total overseas investment since 2005 stands at a whopping $2 trillion, with thousands of new projects in the works. Mr. Xi’s Belt and Road project, originally billed as a way to rebuild the ancient Silk Road trading network, now includes countries across Africa, Asia, Europe and Latin America.

For the U.S., which is locked in a fierce struggle for influence in Iraq with neighboring Iran, China’s economic clout carries serious geopolitical ramifications as the influx of money into countries such as Iraq strengthens those nations’ ties with Beijing.

Chinese investments also often come at the expense of American companies competing for the same business. Secretary of State Mike Pompeo and other top Trump administration officials in recent weeks have warned nations in the region to be wary of doing business with Beijing. They said Belt and Road recipients often wind up with crippling debts and that U.S. firms provide greater contract transparency, environmental protections, qualified labor and better work.

It seems unlikely that Middle Eastern countries will heed those warnings. Analysts say Iraq and its neighbors find partnerships with China more appealing and that it’s often easier and cheaper to get Chinese companies to work in dangerous, hostile areas.

In addition, China’s less-transparent approach to business could carry political benefits for host countries and Beijing typically does not demand political reforms as the price of making a deal.

“Especially in more risky business environments, this is where the Belt and Road thrives, because Western investors are often not willing to take the risk of operating in these places, or basically they’re doing their risk-reward calculus and they don’t see enough reward,” said Jonathan E. Hillman, director of the Reconnecting Asia program at the Center for Strategic and International Studies.

The Chinese “will sign a deal and get going on it much faster, and they’re willing to build projects to fit political timelines,” he said. “They’re not operating by the same rule book U.S. companies would be. … The Chinese approach is more opaque, and it leaves the door open for money to change hands.”

Despite Mr. Abdul-Mahdi’s recent ouster, Iraqi officials continue to speak of a deepening trade relationship with China. The tie has been enhanced by tough U.S. sanctions on neighboring Iran, which has turned heavily to Beijing after being virtually shut out of Western markets.

“China is our primary option as a strategic partner in the long run,” Iraqi Electricity Minister Luay al-Khateeb wrote recently, according to Oilprice.com.

‘No one else’ but China

In the U.S., China’s economic prowess and ambition are often viewed through the lens of competition and a two-nation race for superpower dominance over the next century. In the Middle East, South Asia and North Africa, the issue is seen much differently. Many foreign officials dismiss the idea that they are taking sides in a much broader U.S.-Chinese competition.

Instead, they argue that their countries are simply desperate for infrastructure investment and that China, unlike the U.S., has been more eager to do business with them in recent years.

In Pakistan, for example, China is making massive investments — at least $56 billion over the past 15 years — in roads, railroads and a major new port on the Arabian Sea, figures show. The two nations also have mapped out the China-Pakistan Economic Corridor, a plan that lays out a host of major projects that Chinese firms will undertake through 2030.

The initiative began in earnest in 2014.

“That was a time when, frankly, no one else was looking at Pakistan as an investment destination,” Pakistani Ambassador to the U.S. Asad M. Khan told The Washington Times in an interview last week. “So we as a nation are very grateful for what China put on the table.”

“We were experiencing power shortages in areas up to 18 hours because of the deficit between electricity supply and use,” he said. “Their investments have helped us to generate enough electricity that today those shortages are not there. For an average Pakistani in the street, the [China-Pakistan Economic Corridor] means more light.”

China’s willingness to invest across the region has extended even to Syria, which has been devastated by nearly a decade of civil war with a crumbling economy and infrastructure.

Syrian President Bashar Assad has been meeting with top Chinese officials about investment opportunities in his country that Western countries simply aren’t willing to make.

“In the past, we did not engage in discussions with our friends — and at the forefront China — on reconstruction because the security situation did not allow us to initiate this process on a large scale. Now, with the liberation of most areas, we have started discussions with a number of Chinese companies experienced in reconstruction,” Mr. Assad told Hong Kong-based Phoenix Television in an interview in December.

U.S. pushback

Top American officials increasingly are making the public case to nations that doing business with Beijing comes with risks and that dealing with U.S. firms is the better course of action.

In Kazakhstan last week, Mr. Pompeo said American companies offer benefits that China simply cannot.

“We fully support Kazakhstan’s freedom to choose to do business with whatever county, whichever country, it wants. But I am confident, I am confident that countries get the best outcomes when they partner with American companies,” Mr. Pompeo said. “You get fair deals, you get job creation, you get transparency in contracts, you get companies that care about the environment, and you get an unsurpassed commitment to quality work. American companies are naturally incentivized to behave this way. It’s just simply how the American system works.”

Indeed, analysts say China’s Belt and Road initiative has often resulted in deals that are more expensive than promised or result in lower-quality work. Sri Lanka, in one of the best-known cases, was forced to cede a majority stake in a key port to Chinese interests after the island nation could not meet the payments on a Belt and Road project.

“The Belt and Road is littered with examples of Chinese companies pressing their interests on a recipient country that didn’t have all the tools it needed to evaluate these proposals objectively,” Mr. Hillman said.

Many cash-hungry developing world nations, however, push back on those arguments. Pakistan’s Mr. Khan told The Times that the amount of debt Pakistan has incurred by doing business with China is a “fraction of what we owe the rest of the world.”

He said it’s a mistake for the U.S. to pit itself against China in the global investment arena.

“We are not accepting Chinese money to the exclusion of everyone else,” he said. “I think it’s not very prudent or wise to basically make countries choose between one or the other.”

https://www.washingtontimes.com/news/2020/feb/9/iraq-turns-china-belt-and-road-boosting-beijing-cl/

 

Edited February 10, 2020 by SocalDinar