SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (147911)4/23/2019 3:45:24 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 218386
 
Global deal for nature’ fleshed out with specific conservation goals
To maintain a liveable planet, governments need to protect 30% of Earth's land and sea and sustainably manage another 20%, say researchers.

nature.com


Tropical forests, such as this one in Borneo, are among several types of ecosystems that scientists are pushing to conserve.




To: Haim R. Branisteanu who wrote (147911)4/24/2019 3:42:51 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 218386
 
From Financial Times today

Belt and Road debt trap accusations hound China as it hosts forum

Beijing to defend initiative as it welcomes 37 heads of states to summit this week




To: Haim R. Branisteanu who wrote (147911)4/24/2019 8:14:44 AM
From: TobagoJack  Respond to of 218386
 
Thailand and Laos in ...

eurasiareview.com

Thailand To Sign Accord With China, Laos On Bridge For High-Speed Railway

BenarNewsApril 24, 2019

Location of Thailand. Source: CIA World Factbook.

By Nontarat Phaicharoen

Thailand, China and Laos will sign a memorandum of cooperation on a new bridge for a railway across the Mekong River during Prime Minister Prayuth Chan-o-cha’s Beijing visit this week, a Thai foreign ministry official said Tuesday.

The bridge would link Thailand’s northeastern Nong Khai province with the Laotian capital Vientiane, Thai officials told BenarNews, in what analysts believe will reinforce China’s ambitions to build a high-speed railway network in Southeast Asia, stretching through Malaysia and feeding into Singapore.

Prayuth, who is scheduled to be in the Chinese capital on April 26-27, is expected to sign the trilateral pact on the sidelines of a conference of world leaders on China’s massive One Belt, One Road (OBOR) infrastructure initiative, Busadee Santipitaks, spokeswoman for the ministry of foreign affairs, told BenarNews.

“Thailand, Laos PDR and China will sign a three-nation memorandum of cooperation to build a bridge for a high-speed railway at Thai-Lao border,” Busadee said.

Thai officials did not respond to BenarNews emails requesting more details on the memorandum.

China, which aims to increase its footprint in Southeast Asia through OBOR, has managed to push ahead with its strategy to build a trans-Asian railway network.

Last month, Laotian officials announced that a 414-km (257-mile) high-speed railway linking Vientiane with Kunming city, capital of China’s southwestern province of Yunnan, was almost half-complete and on track to be in service by December 2021. Construction for that project began four years ago.

Under China’s planned 3,000-km (1,875-mile) pan-Asian railway network, Chinese rail lines will extend farther south – all the way to the tip of the Malay Peninsula, linking Beijing to Singapore, one of Washington’s closest allies in the region and a strategic gateway to the Strait of Malacca.

China’s OBOR initiative has drawn criticism, including from Malaysian leader Mahathir Mohamad, who told reporters last month that the Philippines should be wary of Beijing’s “debt-trap diplomacy” that includes extending excessive credit with the alleged intention of extracting economic or political concessions from the debtor country.

Economists contend that the initiative forces emerging economies to take on unsustainable levels of debt to fund Beijing-backed projects, highlighting such concerns after a Chinese state-owned company took over the majority stake in Sri Lanka’s Hambantota port after Colombo struggled to repay its loans from China.

Thailand officially kicked off its high-speed railway project in December 2017 when Prayuth and Chinese officials led a ground-breaking ceremony for a 3.5-km (2-mile) segment of the rail in the northeast province of Nakhon Ratchasima.

The junta-led government under Prayuth has approved a 179-billion baht (U.S. $5.8 billion) budget for the first phase of the 253-km (158-mile) railway linking Nakhon Ratchasima with Bangkok.

The second phase linking Nakhon Ratchasima to Laos is awaiting approval, officials told BenarNews.

OBOR, Chinese President Xi Jinping’s signature policy, is an estimated U.S. $1 trillion-plus initiative that stretches across 70 countries. It aims to weave a network of railways, ports and bridges, linking China with Africa, Europe and Southeast Asia.

Prayuth’s Beijing visit would include a roundtable meeting with leaders of 38 countries during which he is expected to express the commitment of the Association of Southeast Asian Nations (ASEAN) to support China’s OBOR projects, Thai government spokesman Lt. Gen. Weerachon Sukhonthapatipak told BenarNews.

“First, we stress Thailand’s role as the ASEAN chair in supporting and committing to China’s attempt to link sub-regions and regions,” he said.

Prayuth, as current chairman of the 10-member ASEAN, will meet Xi and other Chinese officials, including Prime Minister Li Kequiang and Deputy Prime Minister Han Zheng to discuss ways to bolster bilateral relationship and economic cooperation, Weerachon said.

Prayuth will be accompanied by his deputy, Somkid Jatusripitak, the minister of transport and the minister of foreign affairs, he said.

China has ranked as Thailand’s largest trading partner since 2012, buying about U.S. $30 billion of Thai products last year, according to the Thai Ministry of Commerce.

Respect human rights, HRW tells Beijing Meanwhile, in a statement issued on Sunday, New York-based Human Rights Watch (HRW) urged Beijing to ensure that the OBOR initiative would be respectful of the human rights of people living in areas near the infrastructure projects.

Under OBOR, Beijing should set out requirements to enable consultation with groups of people potentially affected by proposed projects, ensuring that affected communities can openly express their views without fear of reprisal, HRW said in a statement.

“Beijing claims it is committed to working with other countries to foster environment-friendly and sound development, but the practice so far has raised some serious concerns,” said Yaqui Wang, HRW’s China researcher.

“Criticisms of some Belt and Road projects – such as lack of transparency, disregard of community concerns, and threats of environmental degradation – suggest a superficial commitment,” Wang said.

Please Donate Today
Did you enjoy this article? Then please consider donating today to ensure that Eurasia Review can continue to be able to provide similar content.



To: Haim R. Branisteanu who wrote (147911)4/24/2019 8:39:46 AM
From: TobagoJack  Read Replies (1) | Respond to of 218386
 
Re <<The main problem with the "China’s Belt and Road Initiative" is the fact that many countries would be indebted well above their ability to pay back the loans>>

Do not see particular problems, because ...

- countries borrowing from self, others, and team China so as to build out infrastructure by collaborating w/ team China, in the worst case would default and be blessed w/ useful infrastructure, and

- would be qualitatively and quantitatively different from loading up on debt to buy team America weapons and fight team America wars, and at the sorrier end be left with a pile of debt and a construct of rubble

The BRI is a mechanism / platform to mobilise resources and build connectivity, hopefully leading somewhere, full of hope, and under no circumstance leads to despair, ala Yemen, Syria, Afghanistan, Iraq, etc etc

Worst that can happen is debt default / jubilee, and that be all.