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ECONOMICS AND FINANCE

WHAT YOU DON’T KNOW ABOUT THE CHINESE BRI PROJECT COULD HURT YOU

5/31/2020

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By now you probably realize that NSS has assigned itself the task of filling in the gaps left wide open by the msm, which mostly just tells you things that make the Exceptional Nation look exceptional and keeps investors blinded about the pitfalls of reckless government spending, reckless dollar printing by the Fed, reckless US entry into wars, sanctions and narratives about countries that displease the Beast in Washington. Most Americans realize there is something sinister going on all around them, but few have a clue about what that is and about what agents are behind it. Which explains the popularity of whacky conspiracy theories and the personality cult around Donald Trump. The many gaps in Western knowledge about the BRI is one such gap that begs to be filled lest the US blunder into an even bigger commercial confrontation with China that it can only lose ignominiously. We assiduously avoid reading whacky theories, sticking mostly to the reports available in the press – but paying strict attention to the foreign press as well, particularly the non-English reports.
 
Vince Dhimos answered a question at Quora reflecting the shallowness of Americans’ thinking engendered by the msm’
 
https://www.quora.com/Is-Russia-benefiting-from-driving-a-wedge-between-China-and-the-US-e-g-Russia-has-more-projects-in-Chinas-BRI-initiative-than-any-other-nation/answer/Vince-Dhimos
 
IS RUSSIA BENEFITTING FROM DRIVING A WEDGE BETWEEN CHINA AND THE US, E.G., RUSSIA HAS MORE PROJECTS IN CHINA’S BRI INITIATIVE THAN ANY OTHER NATION
 
Fellow Quoran Aleksandr Golikov correctly answered the question about driving a wedge between China and the US, so I will only address the BRI and how it is affecting us all, including Russia.
 
Yes it does seem that Russia has perhaps the most invested in the BRI. The msm report a number of rail and metro projects in Moscow, a proposed $32.4 billion high-speed rail project from Moscow to Kazan, and a $9 billion 2,000 km highway through Russia from Shanghai to Hamburg. and as part of the BRI. The Chinese company CNODC accounts for 20% of the total investment in the Novatek LNG 2 project in northern Russia. Further, in June of 2019, two Russian companies and 2 Chinese companies signed a four way deal to launch shipping on the new Arctic shipping route.

But don’t let Russia’s outsized share fool you. There are plenty of investments elsewhere. A total of 167 countries and international organizations have invested in the BRI by now. Thanks to the trade wars, China has shifted its focus to countries along its BRI routes and have seen their trade surge by $1.34 trillion while Russia-China trade has risen 4.7% yoy in 2019. Meanwhile, the US only succeeded in increasing its own trade deficit that year.
https://economictimes.indiatimes.com/news/international/business/chinas-trade-with-bri-countries-surges-to-1-34-trillion-in-2019/articleshow/73271222.cms?from=mdr
 
Some will be surprised to note that US ally Japan is investing $110 billion in infrastructure projects in Asia under the BRI. Meanwhile, Europe has also expressed interest in the co-construction of BRI projects. http://en.people.cn/n3/2019/0322/c90000-9559397.html.
 
Further, within the BRI, South Korea, Japan and China have been in talks to establish a free trade zone. There is also interest in all of North Korea’s neighbours in building projects in North Korea once the sanctions against that country are lifted. https://www.oboreurope.com/en/pyongyang-new-silk-roads/
 
Thus, the US-launched trade wars have been but a mosquito bite for China so far but have hurt the US. The world is just waiting for Washington to grow up. If Washington had a lick of sense, it would stop the cold war right now and immediately invest in a BRI project of its own. How about a joint venture for a petrochemical plant and a Pan-American oil and gas shipping route in cooperation with Venezuela, China, Russia and Iran?
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