Quote:
Originally Posted by welfare
But then wouldn't the Chinese companies affected sue our government?
Isn't that what the FIPA agreement allows?
Canada's finger in China's belt loop
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Why do you think China is ever hesitant to go for WTO arbitration? Because it has yet fulfilled its own responsibility it promised when allowed to join WTO.
Should it file complain at full scale, other countries would simply follow suit. It's a double-edged blade. It might win some cases, but it doesn't want to lose any.
And China's belt loop is falling apart. Many critical countries along the route are refusing to join/reconsidering its decisions... why? Again, China is simply trying to shift all its production surpluses.
China would lend you money to construct everything... but you can ONLY hire Chinese firms for the work... so once the job is completed, you owe them billions and they took all the money they supposedly "lent" you.
China is under extreme pressure on all these surpluses... it puts pressure on inflation... something the CCP is desperate to keep it under control. That's the original idea of belt loop... it thought.. "hey, US can shift its inflation pressure to other countries through USD... maybe we can find something to do that too!"...