Biden's Foreign Policy for the Emerging Markets
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Armed with cash for the World Bank and promises of sustained U.S. engagement, Biden hopes to persuade fast-growing economies in Africa, Latin America and Asia that there is an alternative to China's Belt and Road project, which has funneled billions of dollars to developing countries but left many deeply in debt.
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The White House is seeking $3.3 billion from Congress to complement earlier steps by the U.S. and close allies to raise $600 billion by 2027 in public and private money for the Partnership for Global Infrastructure and Investment, a Belt and Road alternative that excludes China.
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The Japanese are still eating China's lunch in SE Asia. It revolves around low interest loans (0.5% vs. Chinese 4%) and the quality of Japanese construction projects.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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Gotta compete.
For all the carping about his age and infirmity, this administration has done some pretty astute stuff. Credit where credit is due. If he could get shed of the progressives he could have done more.
“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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The Japanese are still eating China's lunch in SE Asia. It revolves around low interest loans (0.5% vs. Chinese 4%) and the quality of Japanese construction projects.
@Jolly said in Biden's Foreign Policy for the Emerging Markets:
The Japanese are still eating China's lunch in SE Asia. It revolves around low interest loans (0.5% vs. Chinese 4%) and the quality of Japanese construction projects.
Yeah, China's reputation in construction is less than stellar.
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@Jolly said in Biden's Foreign Policy for the Emerging Markets:
The Japanese are still eating China's lunch in SE Asia. It revolves around low interest loans (0.5% vs. Chinese 4%) and the quality of Japanese construction projects.
Yeah, China's reputation in construction is less than stellar.
Yeah, China's reputation in construction is less than stellar.
Marxist -Leninist states have a proud history going back more than a century of designing and constructing turn key ruins projects. China is no different in that regard.
Elbows up!
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Gotta compete.
For all the carping about his age and infirmity, this administration has done some pretty astute stuff. Credit where credit is due. If he could get shed of the progressives he could have done more.
@Mik said in Biden's Foreign Policy for the Emerging Markets:
Gotta compete.
For all the carping about his age and infirmity, this administration has done some pretty astute stuff. Credit where credit is due. If he could get shed of the progressives he could have done more.
I doubt the Resident is firing on all cylinders, so the policy comes from somebody in his administration.
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Yeah, China's reputation in construction is less than stellar.
Marxist -Leninist states have a proud history going back more than a century of designing and constructing turn key ruins projects. China is no different in that regard.
@Renauda said in Biden's Foreign Policy for the Emerging from Markets:
Yeah, China's reputation in construction is less than stellar.
Marxist -Leninist states have a proud history going back more than a century of designing and constructing turn key ruins projects. China is no different in that regard.
I recently toured the small part of Ceausescu’s “Project Bucharest” palace that is completed. (Now the parliament building).
Second only to the pentagon in size (for an administrative building) it is the heaviest building in the world containing more than one million tons of marble.
The project is over 40 years old and only a third of it is in use.
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@Renauda said in Biden's Foreign Policy for the Emerging from Markets:
Yeah, China's reputation in construction is less than stellar.
Marxist -Leninist states have a proud history going back more than a century of designing and constructing turn key ruins projects. China is no different in that regard.
I recently toured the small part of Ceausescu’s “Project Bucharest” palace that is completed. (Now the parliament building).
Second only to the pentagon in size (for an administrative building) it is the heaviest building in the world containing more than one million tons of marble.
The project is over 40 years old and only a third of it is in use.
Another in the style of Stalin’s wedding cake edifices. Moscow has several famous ones that loom over the city. I often stayed in the smallest of the cakes - the Hotel Leningrad next to Kazan Train station. The ceiling fresco in the main dining room commemorating the siege of Leningrad was quite a breakfast attraction.
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The Japanese are still eating China's lunch in SE Asia. It revolves around low interest loans (0.5% vs. Chinese 4%) and the quality of Japanese construction projects.
@Jolly said in Biden's Foreign Policy for the Emerging Markets:
the quality of Japanese construction projects.
Absolutely, Have seen a lot of Asian E&C company's and have been most imprsessed with the Japanese (Toyo, Chiyoda, Dai Ichi, etc.). They all do top notch work, but they have been having problems recently because they are quite a bit more expensive.
The Chinese have not been very popular (outside of China) because, as @Mik says, their quality is not so good.
Most popular right now is probably the Korean company's (Samsung, Daelim, etc)
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