Is it possible for Europe to build a mechanism to match China's BRI?
From
Rusty Wyse@21:1/5 to
All on Thu Dec 16 09:13:18 2021
Lance Chambers
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Interested in US politics since the Kennedy assassination.Dec 1
Is it possible for Europe to build a mechanism to match China's BRI?
Chinas Belt and Road pretty much covers the worlds major trade routes so if Europe wanted to do the same it would be a waste of money that could probably be used better elsewhere.
B&R was first developed to fill in missing links that would interconnect disconnected road infrastructure. This made trade simpler, cheaper, faster and journeys shorter. China asked other nations to do the same and, now, after a deacde or so, we have
roads, rail, ships, aircraft, ports, airports, etc. spanning the globe and are all inter-connected.
I remember one of the first problems that China fixed. It was on the Karakorum Highway.
This highway connects Kashgar with Islamabad. A part of the highway skirted a lake but an earthquake caused some ot the ground to fall into the lake making the highway impassable.
China sent a work team from China to rebuild the road and to make sure the road was far enough from the lake to ensure that the highway would never see the same problem occurring. The work team then got back in the trucks and drove back to China.
No money changed hands.
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* Origin: fsxNet Usenet Gateway (21:1/5)
From
Rusty Wyse@21:1/5 to
All on Mon Dec 20 10:06:18 2021
Jay in New Zealand
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History and Current Affairs interest Dec 1
Is it possible for Europe to build a mechanism to match China's BRI?
Europe could build the mechanism needed, but they couldn't provide the loans the training experience or the advanced technology China has.
If they were to build High Speed Rail (HSR) in Europe it would cost $25 to $39 million per kilometer, In China that is as low as $17 million, and for reference the US it as much as $56 million per kilometer.
China with the longest HSR in the world, has also turned their experience to developing their own indigenous High Speed Trains, giving them the opportunity to expand that experience in their own country. Europe have their own train design and
manufacturing will work to their advantage.
As mentioned earlier, China also provides low interest loans and a multi variable approach to financial needs with support by the to IMF. As well as manufacturing support and staff training, China continues to offer support even after the construction to
also train with maintenance.
This is just trains, they also have motorways and highways, airports, etc.
--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)