Modi win is opposition's foolishness

Pic source: GulfBusiness.com

Narendra Modi. The man who was hounded since 2002 for the aftermath of Godhra train burning attack / carnage till he became Prime Minister of India. Some even taunt that at him. But, wholesome credit goes to fantastic negative PR by media - free of cost. Why am I saying this now? Read on, you will know.

In the movie "The Insider" there's a scene when Don beats down Bergman in a war of words, makes a erroneous statement. Mike interrupts & corrects him. By saying those golden words: "Fame lasts 15mins, infamy lasts much longer." THAT, ladies & gentlemen, exactly what Modi did. He tried to beat the media in their own game. Through silence & capitalizing on misinformation. Think about it. What is the average duration of a news cycle? Depending on the news, it ranges from a few hours to few weeks. If it is of national importance, maybe a year or two. Which fool thought that they can sustain a news cycle for 15 long years? I mean, seriously? You think people are not educated enough to go & do their own research? Mistake #1: Underestimating collective intelligence of the people of an entire state of 5.5 Crores.

Fast forward to 2014. Media people didn't stop there. They went (down) on even further. Literally playing second fiddle to a section of polity in the Country. Little do they know they are being kept engaged in the battle so that Modi could win the war. (I will not divulge into it further, for obvious reasons.) From one issue to another they kept on teaming up with polity & were instrumental in spreading fake news, building fake narratives, making news where there is none actually, selectively playing up outrage that suits a particular ideology. They did it all. They were anything but neutral. They went behind fact checking posters, but felt it is not needed in bigger issues (like Rafale?) Mistake #2: Opposition kept itself busy in a battle perpetually without contributing anything at all, to winning a war.

The messaging. Opposition didn't stop itself to a large extent from going beyond criticizing Modi. The opposition crossed thin line almost on a regular basis. Modi capitalized it as well. By just not stopping them. Over time, thanks to free data, the noise the opposition made on politician Modi has turned against them & being seen as an anti-National narrative. Well, if you don't believe me, play a video of any opposition leader (from past 5yrs) to a person from rural India & ask him / her about it. You will know the reaction almost similar from Gujarat to Vijoynagar. Mistake #3: Crossing the line of criticizing Modi to turning anti-India interests.

Now, take a step back. Think. Name a single national leader who can oppose Modi skillfully, tactfully & effectively in Delhi as of today? Every single regional leader who had PM ambitions have been sent back to their home state and kept busy there. Was watching news today, Maratha strong man is ranting about EVMs, TN first family is spreading fake news on language. While visionary of AP, Behenji & her nephew are missing in action. Didi, these days is getting worked up far more frequently about a humble chant. Mind you, few weeks ago, these were the people whom media were propping as a Prime Ministerial Candidate. Just see the fall? Mistake #4: Placing wrong bets on wrong candidates.

Beyond cities, where one can often see anti-Modi narrative, hardly anything in rural India. People were more or less happy about what they get & were long prepared to re-elect Modi atleast a year before. Thanks to opposition parties, which failed to prove the scam & go to Courts. The Courts drubbing the opposition parties by saying that there is no scam in the deal was a final nail in the coffin. Some in Delhi may not believe, but in rural India, people still believe Courts & rule of Law. They go by the courts & not some activists. These activists have only damaged the credibility of opposition. Even today, open some print media & see the Op-Eds. Think. You think people are even believing what they're reading? Trust me, people are treating Op-Eds as WhatsApp forward with a name. Every line that is said there, is immediately googled & searched in twitter for facts about it. As of today, telling a lie itself is difficult. These activists are writing & printing it as well. How foolish? Do they even know people use Google? Mistake #5: Over dependency on activists & the fatal move to confront collective intelligence through a few handful of elites.


The next mistake is a biggest of them all. Which fool gave you the idea to confront a popular leader who won his own majority by using media & negative PR? Have you even learnt a lesson from Gujarat since 2002? By letting the media destroying credibility themselves, Modi directly started his connection with people. You may not find his schemes effective. But, didn't you notice the number of beneficiaries he created over 5yrs & how many ambassadors he had created by then? What Modi did was a masterstroke of sorts. Within a few days of taking oath, he started his Mann Ki Baat. Opposition laughed at him. But, guess what? All the intermediaries were getting eliminated & he genuinely made an attempt to connect with people. Have you ever noted the time when it was telecast? That too is significant. It is mostly telecast when people are at work. Why? Because, people listen to radio while at work & trust me - it hits your brain. The trust actually got embossed like in a rock on a PM by the citizens. You think throwing a stone at such a person at this moment when you have nothing to show with credibility that he is corrupt will work? You called bhakts. You mocked him. People thought that you are mocking them. Joke is on opposition here. Didn't the opposition see this wave? How come they kept on attacking PM when he is still going strong & ultimately ended up sustaining an anger on them for their sins? What has opposition done to regain their lost credibility over the last 15yrs? Mistake #6: Never launch an attack until you are ready or your opponent is weak.

Conclusion: This win by Modi is, as I see it, more an anger against opposition which it helped sustain by doing all sorts of foolish stuff. I refuse now to buy the usual "Modi is the only alternative" argument. Just because Rural India voted differently & have unmistakable trust on PM. As I see it, it will take three things to come back to power. a) Responsible opposition for next 10yrs. b) Responsible media which also publishes positive news on India. c) Stop doing foolish things until Modi himself leaves the seat as PM.

Guess what? All three will have to be satisfied which I don't see it happen for the next 20 yrs atleast.

Just in case if you didn't realize. I haven't even even once indicated / spoken about the demonetization, religion, surgical strike or any other factors termed as a success by people outside Lutyen's Delhi all along. The 6 mistakes mentioned above are good enough to make my point.

If you think, I enjoyed writing above fully? WRONG. It pains me to see such a fantastic country being taken down by a few opportunistic politicians. The 2 dozen politicians loitering in Lutyen's Delhi, from various parties who think it is them, who calls the shots - better think again. 2019 polls was more of a change that has hit them. It is people of this great rich country who have called the shot. The result was always a ticking time bomb for them. These two dozen people & a few dozen journalists & activists should be kept away from corridors of power by any party that wishes to come to power in the near future. As a democrat, I want a pro-India Opposition party in the first place. Right now I can't think of one. Sadly. I will celebrate only when that day comes. Am quite sure, I will see that day very soon.

Jai Hind!

Belt & Road Initiative - a ponzi scheme?

Source: ConsumerAffairs.com

Further to my earlier post on One DEBT, One Road – The Silk Road to Debt Trap, I would here be explaining what is in store for Chinese in the coming months.
Am actually tired of explaining a simple fact that the Chinese economy is unsustainable in long term. Let me try it once more on this.

Some investment gurus and those planning domestic economy at a macro level are still believing in Chinese magic! No worse joke than this! Would like to both pity at them and also give them a tight slap (not literal one!) to wake them up. And make them smell coffee! That 'magic' train has already left. Even some are writing about it these days. Boldly. Been shouting about it for years now. Even my last two blog posts were about that.

I am not going to go into minute details & bore you with numbers. I let you google about it. Let me make this a bit interesting. Let me take you a few centuries back on & off.

Imagine that you are right now in 18th Century. Around the same time, when imperials started to conquer territories. China & India had been dominating majority of world's market with its goods. Silk Roads existed then too. There was neither one belt nor one road. More so, no debt.

What happened now? Why people are against the ponzi scheme?

Because, people are simply realizing this as unsustainable. How? Unqualified / unaffordable loans.

The age old civilization has survived for thousands of years, by living along with the nature and not thereby exploiting it. Today, what is happening is exploiting the resources in a fast pace. But with lots of money! Something people can't even afford. More than money, criminal waste of resources.

It is like this: A countryside town needs a basic bridge that can transport people from one shore of a river to another. But what if Chinese build a tunnel.

Now, a few points:
(a) Though a tunnel serves the purpose, was there a cheaper alternative? Yes, a bridge.
(b) Will the countryside town be ever be able to pay that amount? Highly doubt that.
(c) Is it not like an intern given a credit card by a ponzi bank scheme where in he / she has a credit limit of say, 100K? What will the kids do with it? Investment? Come on!
(d) This much money HAS to be recovered. So, the ponzi bank uses tactics to recover it from you. Suppose you had a family wealth, you would be forced to sell it to the bank at dirt cheap rates.

You think, I am kidding? You know Hambantota? You know what is happening with Railway that Chinese built in Africa? You read about Ghost cities in Nigeria & other places? Well, of late things are beginning to get better. Malaysia, Kenya have been talking about cruel Chinese investments. In Sri Lanka, Chinese investments are seen as a liability clearly.

Malaysia even went & cancelled a few projects officially. Read report here.

Vietnam is in full throttle to go against Chinese in South China Sea. Look at recent interactions of Vietnamese officials / Government with India, Sri Lanka, Bangladesh, Burma & Thailand? The process started few years ago. Last year, this interesting piece spoke of it in detail.

You can't forget how Philippines President Duterte shunned China in South China Sea. He is making right moves & showing signs that will have deep impact for us to see during his tenure. Most importantly, he is linking with Israel to chase jihadis in Southern City of Marawi. But, that is not all! This piece has some more details.

Kenya & Nepal would soon fall prey to Chinese debt. While former for railways (Read here & here)

So, at the the end of the day, what we thought as a debt trap for countries is actually turning to become one of the notorious loan sharks of the world which is funding rogue nations - including Pakistan!

All the money is circling back to China, after making you bankrupt. For them, it is just cash - which they can print anyways. For rest of the world, it is natural resources & wealth. Something that they have lived with & sustained for thousands of years. This should be stopped. It is unviable & unsustainable.

Hope loan shark is isolated sooner than later. Glad that India stayed away & is unmaksing Chinese without even being part of the project to deplete world resources.

China is walking on glass. One that is already beginning to crack. A glass once broken can't be fixed that easily. Am sure, that glass will break fully soon. How?

(i) In due course, when countries start defaulting loans, few companies in China would also go bankrupt.
(ii) Lot of common people who deposited money in these banks would soon realize that their savings was irresponsibly used to fund these projects.
(iii) China would soon realize that it can't reach Indian Ocean easily as it has to cross several Nations before reaching here.
(iv) Clock is ticking. Time is not far, when China's bluff will be called out. Not by any major nations. But, by people & governments of smaller nations.
(v) With Tariff war with US only to get worse for China, around end of the year, things can't be better soon as China may be up for default around January 2019.
(vi) That's not all. The capital flight issue is still not tackled. If not taken seriously, it would be turn to be much worse issue than declining economy itself.
(vii) It only matters until China receives first major default. Thereafter, it is pack of cards. Brace for it. It will be a brutal correction for China.

What worst insult to the nation that aspires to be a super power? You are cheating small nations.

So, in a nutshell, China is undoubtedly a Loan shark running a ponzi credit card scheme of a dubious bank called PRC! That's some dubious reputation. Not sure, if China wants to live with that.


Suggested reads:
(i) China’s Debtbook Diplomacy: How China is Turning Bad Loans into Strategic Investments
(ii) China's debt-trap diplomacy reaches the Philippines, which is likely to accept Chinese loans 1,100% more expensive than other options

Fault lines of China - A Great Leap Backward

(Pic courtesy: Bharat Rakshak Forum)

Fault lines. Few days ago, China pulled of a majestic stunt. Celebrated PLA's 90th Raising day. This, in itself a fault line of sorts. Let me explain why.

Faultine PLA:

Back in time, before proclamation of freedom, this was just a nomad / noman's Army. It was nothing more than a militia that evolved as group of militias. That means, proclaiming freedom with sheer muscle power & at the barrel of gun. Before we proceed further, let's first understand who were these militias and why it is a fault line.

"Late in 2014 President Xi Jinping went to Gutian, a small town in the south where, 85 years before, Mao had first laid down the doctrine that the People’s Liberation Army (PLA) is the armed force not of the government or the country but of the Communist Party." - Source: The Economist

After World War I, the advent of Soviet Union like totalitarian Communist State sent a few young farmers of Communist Party of China to take brute force to gain sympathy & support of people to proclaim Independence & form a copycat Soviet Union adapted by Manchurian ways.

Fast forward to today, these very same Communists have little support these days. Communist party leaders who came to power in 1949, without any experience in leadership. Even if we ignore that, these people are barbarians with too much man & muscle power. Leave alone planned development. The "Build, build & build" strategy is clearly failing. Pushing the country into debt trap by it's own deeds. This won't last long. The much celebrated "development" & "GDP growth" has clearly failed to empower it's people. Many of whom are still living sub-standard lives.

Okay, so when was the last time PLA saw action? 5yrs ago? 10yrs ago? 20yrs ago? 30yrs ago? World doesn't think, you're good enough to fight. Soon, PLA's worthiness would be tested.

The mighty army is nothing better than a terracotta army of their emperor few centuries ago.

Inner-Mongolia:

The Inner Mongolian region has more Mongols than Mongolia itself. Of late, there's been demand for redrawing boundaries & merging itself with parent Mongolian Nation. This idea has fallen silent for a couple of decades now. But, with a anti-Chinese President in Mongolia, things are expected to heat up. Two pointers here: 1) Mongolia wasn't part of Qing Dynasty (as they parted ways). 2) Inner Mongolia is first successfuly population jihad project by China. With making Inner Mongolia a 79% Han population. Change demographics, claim land & resources. An inch a day.

Not without a reason PM Modi visited Mongolia recently. During that trip, a strong & balanced effort has been forged with Mongolia - including defense cooperation.

Xinjiang: 

This province, bordering Inner Mongolia is China's root of all troubles in it's West. The province with significant Muslim population is subjected to inhuman methods of governance. Needless to say, daily abuse of even the basic human rights. I would leave you to read up on this yourself. This report (among several others) on The Diplomat shares more insight in this issue.

Hong Kong SAR:

Hong Kong SAR is corner stone of sorts, of China's "One Country, Two Systems" & "One China" policies. Needless to say, the Asian Powerhouse, thanks to British Democratic values, want to be democratic. And, independent. Something that Chinese would oppose big time. Any pro-democracy Government / person is harassed. Recently, there were street protests when the Chinese President was there. 

Taiwan:

Historically, it won't be wrong to say that Taiwan is first nail in China's coffin. Till date, an ally of West, Taiwan has stood up to the Chinese leadership & dictatorship. Taiwan is an Independent Nation. Though with very little diplomatic support against the giant neighborhood, the thin numbers Taiwan has are powerful enough to stand up to Chinese. Of late, Taiwan Cultural Center in India is seeing heightened activity.

South China Sea:

It's like a giant nation's giant mistake. To make enemies out of 7 neighboring Nations in one go & over a single issue. Claiming & stealing almost entire South China Sea from neighboring nations is not going to end in a good way. Problem is, China, as of today has moved away from "peaceful rise" & "peaceful co-existence". Seems like it. 

(Pic courtesy: IBTimes.co.uk) 

Far East:

So, if we turn to believe that China enjoys a good relationship with it's bigger neighbor, Russia, we're in for a shock. It is NOT! China is doing what it did to Inner Mongolia, in Russia's far east. Part of Russian Far East is being claimed by China. Historically, Chinese say, it belonged to Manchuria - including oil rich Sakhalin region.

OBOR initiative:

As mentioned in my earlier post, the project would push more nations into debt trap. The cash surplus would move away nations. The project is funny. It's similar to swiping credit card, get cash & spend it on luxury projects that can't be built over a century, at least. You see what the implications are? You can afford a lot, if one's credit card limit provides cash limit of say 10x of your salary. It may make you look rich with say, buying a few luxury car. But, would you be able to repay? NOT! That's what is happening with OBOR. 

Devil is in the detail. Wherever GDP growth hasn't uplifted / reached common man, it has fallen flat. Even Greeks & Spaniards are facing it. US too will. GDP growth should also be of some quality. If not, not worth it.

Debt bubble: Chinese Debt trap is linked to the OBOR / BRI project. The more they push others into debt trap, the Chinese themselves are pushing them into one. Slowly, yet consistently. Their real estate market is going in for a burst - within months, if not weeks. Matter of time. Many experts are predicting it. One such published report today.

Cultural hegemony: 

So, taking into all the above pointers, people of China need a safety valve. In India, similar discontent resulted in the massive defeat for Congress party. In China, in the absence of any such safety valve of Democracy, would need at least cultural well being. THAT TOO is neutralized by the Chinese. Recently, there was a plan to destroy an ancient Buddhist site for mining copper. This is no different from what Taliban did in Bamiyan. (Note: Months after Bamiyan was destroyed, Taliban fell!)

Hans Vs other ethnic minorities:

Hans are as common ppl like anyone. They too have this tendency to push more people & earn a decent living. In pursuit of that, they push into new territories & antagonize natives of that place. Something like what they did in Inner Mongolia, Xinjiang & Tibet.

Party Vs PLA:

The rift between the PLA & the Party is going in for a big time showdown. Expect it sometime around Chinese Party Congress (in October 2017). The anti-corruption in military has deprived Chinese of experienced commanders. I highly doubt that there are any top Generals who have seen combat battle / action in their long service. (If any, let me know!). The ill-advised PLA is depending on the terror state of Pakistan to help it on India. It is all alone when it comes to other nations - when put together. None would come to save Communist Party. They'll not even have their own people, who are facing high turbulent & suppressed life under communists.

Vietnam:

Vietnam holds the distinction of fighting a perfect war in the 1970s. Was patient for years together when the Peace Talks were held in Paris. Until after SEVEN long years, Paris Agreement was signed. It defeated the mighty US militarily. Soon after it gave a tough fight to Chinese, who were stopped by Vietnamese Armed Forces from it's excursion. A land grab, averted.

Tibet:

Tibet. Independent weak neighbor of China (before it was forcefully occupied), was the first Nation to fall for China's 'peaceful rise'. Dalai Lama stays in INdia running a Government in Exile. I don't expect an armed uprising against the Chinese. But, I do see the Lamas of Tibet rising peacefully against Han PLA & Communists.

India:

India. The name that gives China nightmares. Growing & emerging India - a Democratic, Culturally diverse, Strong Nation is a definite threat to China. China occupies part of India's Jammu & Kashmir province in two parts - in Aksai Chin & partly in Pakistan Occupied Jammu & Kashmir.

The long standing border dispute & the war of 1962 has given bad taste among Asian super powers. The problem is, only in 1962, in 5000yrs of existence China has ever won a war. With anyone! India didn't lag behind much. In 1967 & 1987, Chinese got a bloody nose. Even in 1962, Rezang La is a place that Chinese would have dreaded dreams even today.

Unlike it's bullying with smaller neighbors, it can't do the same with India. China can't occupy India for a long time. Nor it can keep it's own flock while it is doing it. More so, India's close relations with Japan, Russia, US & ASEAN would complicate the issue. Global pressure would bring them down.

Conclusion:

Though only time would tell what would China be doing 5years down the line. For now, I can safely conclude that China has opened itself too many fronts. Within & outside. 

If China thinks, by posturing big against it's neighbors - all at once, they're in for a shock & are broadly mistaken. Money can buy you friends. For time being. Not for long & good ones. You reap what you sow. Stop this land grab to make good friends. Until China does that, it is a problem for their very existence.

If they are doing so much land grab citing so many of their old books that are written few centuries ago, India has the right to claim entire China. The word "China" itself was first used in Indian Epic, Mahabharata.

"Cīna was first used in early Hindu scripture, including the Mahābhārata (5th century BCE) and the Laws of Manu (2nd century BCE)."
(Source: The Polity of Yelang (夜郎)and the Origins of the Name ‘China’)

So, it is a matter of time, that all of China's problems implodes - one at a time, leading to a huge firework show. Let's watch the show "Fault lines of China - A Great Leap Backward" from pavilion.

Zhù nǐ hǎo yùn!

One DEBT, One Road – The Silk Road to Debt Trap

(Pic courtesy: Geopolitika.hu and for representation purposes only.)

China. What immediately comes to our mind are those grand shows they put up on world stage. But, as they always say, devil is in the detail. That is, GDP growth of China has been relatively high compared to other countries, over past two decades. This may sound very good at the gist of it. Until you do a health checkup on the quality of GDP Growth. The growth on numbers, which is not necessarily good growth. For example: GDP numbers go up, basis what you manufacture. But, whether it is consumed or not matters a lot – for health of a Nation.
Investing cash surplus generated out of trade deficit with foreign nations. Well, it is not necessarily an investment. It is just a foolish method to control cash surplus by making more cash! Insane! Let me explain.

Internal financial health of China:

Following pointers:

1. There are close to 13 Million flats unsold per this 2016 news report of Reuters.
2. There are fully built cities that are having everything – but people. Like the one in Zhengzhou. Watch video here. (For more such videos on youtube. Just type in “Ghost Cities China”.)
3. Sustainable growth is totally dependent when you consume what you produce. China CANNOT consume what it produces, even a significant percent of it. 
4. Growth in China is inversely proportional to the quality of living. This leaves Chinese people frustrated.
5. Workers keep building BIG things like gigantic apartment complexes, which the Chinese middle class can’t consume. Similarly, the vast network of High-speed railway network. Hardly 10% is being used. Why was it built then?
6. When not consumed within, and this high over-production leads to trade & cash surplus.
7. It is a vicious cycle. If they stop production now, they would crash in a matter of days. So, best thing to keep the production machinery running. And churn out products that none consume.
8. Who would then consume it? There comes “One Belt, One Road” project. Now, let’s see the devil in OBOR.

Obligations for Chinese:

1. It is the obligation to keep paying the nations to keep them in check. Be it Pakistan, Sri Lanka, Bangladesh, Myanmar or African Nations. Strategy is same.
2. Keep offering money to them that they can’t even think of, to be strategically with Chinese.

Sustainable? NOT. That’s because, “One Belt & One Road” will have it’s own set of issues. More pointers:

1. Imported Chinese workers for Chinese investments abroad have routinely run into problems with local population. This happened in Myanmar (Sittwe-Kunming Pipeline project), Sri Lanka (Hambantotta) & Bangladesh (Chittagong / Cox’s Bazar port projects). Even several African nations (Tanzania / Zimbabwe / Congo / Kenya). Pakistan is no exception. It has security related issues
2. Ultimately, to keep the Chinese GDP & power to grow, we need more CPECs & debts.
3. China, as a Nation will crash & disintegrate, the moment the “constructions” & “debt traps” stop. Within & abroad.

Strategic issues:

1. India is opposed to CPEC, as India thinks, it is being encircled. So, the counter-encirclement process has begun. Diplomatic overdrive with Taiwan, Vietnam & others in ASEAN.
2. The Torkham gate clashes between Pakistan - Afghanistan has signaled a looming threat to CPEC / CASA / TAPI projects. Which, are to be part of OBOR. Read here.
3. Kunming – Sittwe pipeline project has run into issues with Myanmar worried about Chinese gaining importance in peace process among rebels with Myanmar Government. Read here.
4. China’s African problem is well known. Investing in places under Politically unstable leaders threatening the very investments. The Diplomat report sums up very well.
5. In Thailand – Laos, there has been quite a few anti-China protests over Mekong River ecosystem. Read here.

Classic example: Pakistan. Pakistan is just one of the 68 Nations which would be part of OBOR project. To give you a gist of it, let’s look at the sheer number of issues with OBOR in Pakistan alone.

1. China-Pakistan signed an agreement to create what is known as China – Pakistan Economic Corridor.
2. China promised to invest an estimated USD 46 Billion in the project, which is part of One Belt, One Road.
3. China is investing in ports, power plants, roads / railways to name a few. All seems good, until you read the details.
4. CPEC doesn’t benefit ALL the provinces of Pakistan.
5. CPEC comes with a repayment obligation that no learned person would ever take it. For example: Guaranteed rate of return @ 17% per annum.
6. Equipment & labor would be from China. So, overall not more than one-fourth would be spent on local services. You can read this Dawn.com article for more details.
7. Rest of 2/3rd cost of CPEC would go back to China in oiling it’s over-production machinery. This is just helping to consume part of that HUGE machinery.
8. So, to keep significant amount of that machinery running, they need more Pakistans & more CPECs.
9. This is not all. China has pledged an additional USD 50 Billion today on Indus River Cascade. Report here.
10. Mind you, most of the said Billions has already made it’s way to China through “purchases of equipments” & “cost of labour” by Chinese Contractors.
11. At a rate of 2% interest, with a dwindling Pakistani economy, you can imagine how long it will take to repay the debt of USD 96 Billion. Until then, Pakistan would do whatever China asks it to do. Just a gesture enough from China.
12. On the other side, there are inter-provincial ramifications within Pakistan that they’re beginning to feel the heat of CPEC.
13. Balochistan, KP-FATA are against CPEC as that doesn’t benefit them much. And, there’s a perception that Chinese are looting their resources.
14. People of Sindh & Pakistan Occupied Kashmir think Chinese are colonizing them. Recently even Karachi’s Power supply & Stock exchanges are being taken over by Chinese Cos.
15. In a year or two, CPEC would be dubbed as Curse on Pakistan's Existance by China.
16. Chinese President Xi Jinping’s pet project OBOR is not showing Chinese prowess. But, it is a sign of desperateness at an unimaginable level. OBOR meet today is one such. Look at their body language. They even brought several world leaders in “China Eastern Airlines”.

Conclusion:

China’s “One belt, One road” is like a cash surplus person. Buying things that one can’t maintain / building home which one won’t live in are similar. things than betterment of self. The investment is to buy people just by pouring in money.

Fact is, it is not sustainable.

"People coming near you for money, won’t stick for long. They will use your money, enjoy good times with you. When you are unable to pay them enough, they’ll move away from you." - Indian proverb

So, when I view through Indian philosophy, “One Belt, One Road” is a trap for both the Chinese & the nations part of it.

In a nutshell: “One Belt, One Road” is, the coalition of cash surplus. Should be renamed as: “One Debt, One Road – The Silk Road to Debt trap.”

(The above got published on OneIndia on July 10, 2017. Read here.)