Name: 中國主導全球貿易的萬億美元計劃 (China's trillion dollar plan to dominate global trade)
Uploaded: 2021-01-14T07:32:34.000Z
Duration: 5 min 59 s
Description: 【看影片學英語】數萬部 YouTube 影片，搭配英漢字典即點即查，輕鬆掌握單字發音與用法，長久累積看電影不必再看字幕。

情態副詞

What's interesting is that they're all part of one country's project that spans

3 continents and touches over 60% of the world's population.

If you connect the dots, it's not hard to see which country that is.

This is China's Belt and Road Initiative -- the most ambitious infrastructure project in modern

history that's designed to reroute global trade.

It's how China plans to become the world's next superpower.

It's 2013 and Chinese president, Xi Jinping

is giving a speech in Kazakhstan where he mentions the Ancient Silk Road:

A network of trade routes that spread goods, ideas, and culture across Europe, the Middle

"we should take an innovative approach and jointly build an economic belt along the Silk

"The two sides should work together to build a maritime silk road for the 21st century"

These two phrases were the first mentions of Xi's legacy project, the multi-trillion

They're also the two components of the plan.

There's an overland Economic Belt of 6 corridors that serves as new routes to get goods in

Like this railroad connecting China to London.

And these gas pipelines from the Caspian sea to China

And a high-speed train network in South East Asia.

Then there's the maritime silk road -- a chain of seaports stretching from the South

China Sea to Africa that also directs trade to and from China.

The BRI also includes oil refineries, industrial parks, power plants, mines, and fiber-optic

networks - all designed to make it easier for the world to trade with China.

So far, over 60 countries have reportedly signed agreements for these projects.

And the list is growing, because China promotes it as a win-win for everyone.

Take, for example, the BRI's flagship project: Pakistan.

Pause for Pakistan Like many countries in Central and South Asia,

Pakistan has a stagnant economy, and a corruption problem.

It wasn't a popular place for foreign investment, that is until China came along.

In 2001, China offered to build a brand new port in the small fishing town of Gwadar.

By 2018, the port as well as highway and railway networks became a $62 billion dollar Corridor

It's where the Economic Belt meets the Maritime Silk Road.

Pakistan saw its highest GDP growth in 8 years and forged a tight relationship with a major

China, on the other hand, secured a new alternative route for goods, especially, oil and gas from

Through projects like these, it also found a way to boost its economy.

Chinese construction companies that had fewer opportunities within their own country saw

a huge boost from BRI contracts — 7 out of the 10 biggest construction firms in the

What tips the balance in China's favor even more is a requirement that it be involved

In Pakistan for example, Chinese workers have directly built projects, like this highway

here, and a Chinese firm has worked with locals on a railway here in Serbia.

China's involvement is one of its very few demands and that's set these deals apart

See, typically, to get investment from the West, countries have to meet strict ethical

But China's offered billions of dollars — mostly in loans — with far fewer conditions.

So, it's no surprise the BRI has been a big hit with the less-democratic countries

China has signed agreements with Authoritarian governments

And some of the most corrupt countries in the world.

It's even affiliated with, Afghanistan, Ukraine, Yemen, and Iraq; all currently splintered

Because of China's willingness to loan money to unreliable countries, many experts have

Eventually, these countries will have to pay China back -- but corruption and conflict

A recent report found that many countries indebted to China are vulnerable, including

8 that are at high risk of being unable to pay.

Because there's more to the BRI than just economics:

In Sri Lanka, China loaned about 1.5 billion

It was a key stop on the Maritime Silk Road.

But by 2017 it was clear Sri Lanka couldn't pay back the loan, so instead, they gave China

control of the port as part of a 99-year lease.

China also controls the strategic port in Pakistan - where it has a 40-year lease, It's

pushing for a similar agreement in Myanmar, and it just opened an actual Chinese naval

These are all signs of what's called the String of Pearls theory.

It predicts that China is trying to establish a string of naval bases in the Indian Ocean

that will allow it to station ships and guard shipping routes that move through the region.

So while China's not getting its money back, its still achieving some very important strategic

China's growing influence challenges the status of the US, which has been the world's

lone super-power for the last several decades.

Isolation is trending in the US meaning it's investing less and therefore losing influence

The BRI is China's way of leveraging power to become a global leader.

By building relationships and taking control of global trade, China is well on its way.

字幕列表影片播放

中國主導全球貿易的萬億美元計劃 (China's trillion dollar plan to dominate global trade)

stretch

boost

initiative

conflict