Digong, The President

[Wh1stl3r]

Does the public realize that when our govt says China is gonna build bridges and rail and whatever infrastructure here in PH it means China is LENDING our govt money which has to be paid back

I was going to reply "low debt to gdp ratio" to your post of Ph having a young workforce. But then I remembered du30's bit about "closer economic cooperation" with China.

Forbes: New Philippine Debt of $167 Billion Could Balloon To $452 Billion: China Will Benefit

Awesome.

[badkuk]

^ i'm sort of naive about these things: what sort of interest rates do we get from past borrowings? i get the feeling that our credit ratings most mean squat to China...since it knows our recent spats with the US and EU.

See, this is why you don't burn bridges. Because the one that you don't burn will probably charge you exhorbitant interest rates.

[uls]

baka kasi isipin ng mga tao it's foreign aid

China doesn't do foreign aid

those are loans

why is China pushing to build infrastructure in other countries (like OBOR - one belt one road)?

China’s economy is slowing. They need growth coming from elsewhere. China's economy is driven by investment and exports and they're supposed to transition to domestic consumption and services but while waiting for that to happen they need to maintain growth so they're EXPORTING the investment part

China's industries were built to supply insatiable demand for steel, glass, cement etc at the peak of its economy

but since their economy slowed, they have excess capacity... meaning their industries produce more than their economy can absorb

so foreign infrastructure projects can help absorb the excess capacity

[badkuk]

Am a little puzzled by this...isn't Chinese steel, cement etc already being dumped/smuggled into the local markets?

[uls]

^^^

but they still have a lot of it

too much of it

they can only dump so much steel into other countries

other countries can limit the amount of imported steel from China to protect their own local industries

[badkuk]

...and now, with the blessing of the PH government. Funny thing is that Duterte talked about reviving the local steel industry... The OBOR will essentially "tokhang" it

[uls]

keep in mind China govt's greatest fear is mass uprising

priority nila social stability

they need to keep people employed

so even if their economy is slowing they don't shut down unneeded factories

they keep factories operating even if products are piling up

they already have a lot of steel but they keep making steel

[Wh1stl3r]

In the past few years the US and EU have already made anti-dumping measures on rubber, steel and other products. China is looking elsewhere to dump. Very attractive to poor countries as most of the products are sold at or below cost. Of course local manufacturing will take a hit. How do you compete with a competitor with zero margin?

[uls]

bathory too lazy to post but had to get a word in

thoughts are somewhat scattered

OBOR loans will come from China policy banks (China Exim, China Dev't Bank)

loans will be denominated in foreign currency and RMB

why rmb?

since projects will be built by Chinese firms/contractors/labor with Chinese materials and equipment -- pay them in RMB

OBOR basically puts Chinese industries to work (like i said -- reduce excess capacity)

OBOR could also boost internationalization of RMB by encouraging its use in trade and financial transactions

foreign debt denominated in RMB means foreign central banks need to maintain RMB reserves

which means countries will have to accept RMB as payment for exports to China to build RMB reserves

long view is China is using OBOR to push internationalization of RMB

evil genius but lazy

[niky]

Neither Congress nor the Senate will like loans that require Chinese contractors to the exclusion of local ones.

Bad for business (the election business).

That's the one hope we have of reining in plans for massive Chinese-loaned infra.

A slim one, but still...

Does the public realize that when our govt says China is gonna build bridges and rail and whatever infrastructure here in PH it means China is LENDING our govt money which has to be paid back

Loyalist mentality.

AH BASTA. ANDAMING GINAWA/GINAGAWA.

[ClaNker]

EU threatens trade sanctions vs PH | INQUIRER.net Mobile

The European Union (EU) threatened trade sanctions against the Philippines over the government’s war on drugs, a Department of the Interior and Local Government (DILG) official confirmed on Monday.

Assistant Interior Secretary Epimaco Densing III said EU officials reiterated Europe’s concern over the antidrug campaign in a recent meeting with Philippine officials in Brussels.

Di bale andyan naman ang China na mag bibigay este mag papa utang sa atin.

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[badkuk]

Ok Lang naman kahit di tayo makabayad...they will just lay claim to one of our islands, disputed man o hindi.

[uls]

EU threatens trade sanctions vs PH | INQUIRER.net Mobile

quote ko lang sarili ko

post ko May 5, 2017

page 889

nakakatakot naman talaga ang EJK

no chance to prove your innocence

sabi wala ka naman daw dapat ikatakot kung wala ka sa drug watch list

pero what if mistaken identity or meron may galit sayo nilagay ka sa watch list

pero

meron isang grupo ginagamit ang ejk as an excuse to remove Du30 (as if they really care about ejk victims)

lumalapit sila sa mga international organizations for help

kasi malabo ang kudeta

kasi nakay du30 ang loyalty ng armed forces (coz du30 always visits military camps and wounded soldiers and lamay ng mga sundalo)

so the only force that can remove du30 is an external force

we all know how that works

when the international community doesn't like a country's leader they'll impose sanctions to pressure the leader to resign

i think dyan papunta yan

[ClaNker]

quote ko lang sarili ko

post ko May 5, 2017

page 889

Feb-March pa matunog ang sanction threat ng EU.

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[uls]

Last year pa naiisip ko na yan

Di lang ako active

Recently lang ako nagpopost

[ClaNker]

Last year pa naiisip ko na yan

Di lang ako active

Recently lang ako nagpopost

Laman na ng kwentohan yang economic sanction kahit nung kaka panalo palang ni duterte.

Nag umpisa yan kwentohan sa group ko sa pag mumura ni duterte kay Obama at ang effect ng EJK sa US Aid.

Here we are now at ang hinala mo ay mag kaka totoo pag nag patuloy si dutiti which he will, and yes China will come to our aid by lending us more money. Hindi bigay kundi utang, something which a dutertard cannot grasp.

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[ClaNker]

PH refuses new EU grants; P13 billion at stake

"The Philippine government has informed us that they no longer accept new EU grants," the EU delegation to the Philippines said when sought by Rappler for confirmation Wednesday.

The EU delegation said the Philippine government relayed this decision only this week.

The exact reason for this decision is unavailable as of posting time. The Philippine Department of Foreign Affairs has not responded to our request for comment.

EU Ambassador to the Philippines Franz Jessen said the Philippines’ decision will affect up to 250 million euros in EU grants.

13B pesos lang naman pala, kaya naming utangin yan sa China.

Galing kaya ng strategy ni tatay dutiti. 😁

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[usong725]

PH refuses new EU grants; P13 billion at stake



13B pesos lang naman pala, kaya naming utangin yan sa China.

Galing kaya ng strategy ni tatay dutiti. 😁

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may nabasa ako na comment sa inquirer. Mas maganda daw yung utang kaysa libre kasi para daw tayo hindi magmukhang pulubi na nanghihingi ng abuloy.

[vinj]

PH refuses new EU grants; P13 billion at stake



13B pesos lang naman pala, kaya naming utangin yan sa China.

Galing kaya ng strategy ni tatay dutiti. 😁

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Fanatics on my feed are conveniently silent on this.

[badkuk]

i'm guessing they're mum on the missle battery they recently installed as well