Why are China's "investments" evil? | Economic history of countries | Cost of the state
In 2017, 53% of the shares of the Ukrainian company "Motor Sich," one of the world's largest manufacturers of aviation technology engines, were sold to a Chinese holding company and Beijing Xinwei Technology Group. What China needed from "Motor Sich" were not the production capacities in Ukraine, which could have been developed, but solely the acquired technologies, based on which they could start their own production in the PRC.
In this video, we will talk about how so-called "Chinese investments" around the world exploit the financial needs of governments, leading to the economic decline of entire countries and not promoting the flourishing of entrepreneurship. In the vast majority of cases, "investments from the PRC" are not investments but essentially loans that contain many conditions and requirements in favor of the Chinese government and Chinese companies.
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00:00 Introduction
02:04 PRC investments are loans
04:09 How does the IMF loan? Example of Korea
05:40 Ukraine also collaborated with the PRC
06:13 Loans to Africa
06:50 Angola
09:26 Kenya
12:30 Djibouti
15:28 Latin America
15:45 Venezuela
17:45 Argentina
20:52 Sri Lanka
25:48 Laos
29:21 Pakistan
31:52 Kyrgyzstan
32:59 Montenegro
34:42 Greece. Port of Piraeus
35:45 How China controls other ports
37:23 One Belt, One Road
40:30 Corruption and Chinese money
#economics #China #investments
