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sri lankan top official exposes “China debt trap” propaganda

– Tahmina Janjua, Mushahid reject the Cold War mentality.

ISLAMABAD: Former Commander of the Sri Lankan Navy Jayanath Kolombaj. on The so-called “debt” trap theory around China’s “One Belt, One Road” initiative that Sri Lanka owes less than 10% was exposed on Monday. of his foreign debt To China.

Speaking at international webinar with experts from China, Pakistan and Sri Lanka, Commander Jayanath Kolombaj said that 10% debt actually very beneficial for Sri Lanka because it gave huge economic prospects for citizens of the country.

The webinar was hosted by the Pakistani-Chinese Institute under the flagship project Friends. of Silk Road’ series titled “Great Power competition in in post- the pandemic world order and the One Belt, One Road initiative, with speakers from Pakistan, China, Cambodia, Sri Lanka, UK and USA. Former Foreign Minister Ms. Tehmina Janjua chaired the webinar and Senator Mushahid Hussain Syed, Chair of Senate Defense Committee and Pakistan-China Institute, made program speech.

In addition, the Sri Lankan commander called for the harmonization of the One Belt, One Road initiative. with China’s domestic economic conditions so that both countries can provide high-quality BRI project development.

In his opening remarks, Ambassador Tehmin Janjua, former The Pakistani Foreign Minister noted that China had performed a miracle by raising $800 million. people out of poverty. She described the Belt and Road Initiative (OBOR) as an opportunity to harness the economic potential of in global South in in post-pandemic period.

Faith in US policy circles that the Belt and Road Initiative (BRI) has more strategic than economic justification hurt China’s aspirations build prosperous community. She described the efforts of the US and its allies to contain China. on all fronts as “failed” because they will have major ramifications, not just for in global south, but also for the United States and its allies, because such development affects everyone, not just in one be targeted.

In his keynote address, Senator Mushahid Hussain said that Pakistan in strategic location where huge transformations and transitions took place including reduction of american powerpeaceful rise of China and Pakistan seek to become the center of regional connectivity through CPEC, making the transition from geopolitics to geoeconomics.

He said that after 42 years of war in Afghanistan, which affected Pakistan directly, the country cannot be party anyone new conflict, confrontation or cold war, since communication and cooperation are need of hour. Just like he called for end of war in Ukraine, adding that it raises new tension and had unexpected consequences like lack of food and fuel.

Senator Mushahid Hussain emphasized need for actively promoting CPEC, which is the flagship of the Belt and Road Initiative (BRI), which he described as the most significant diplomatic and development initiative. in 21 century. He hoped that all Asian countries will stay away from any cold war. He said that while the US was still clinging to military-centric approach as seen from QUAD, AUKUS, and search global NATO, by contrast, China has sought an economic vision through connectivity and regional cooperation, in particular the BRI, which now has 145 countries and 32 international organizations in his fold.

Mustafa Haider Sayed, Managing Director of The Pakistan-China Institute said that the consequences of big-power competition intentionally or unintentionally influence us all. Growing Uncertainty on in world stage influenced on middle class in Pakistan. He stated that we must learn to balance our relationship and re-prioritise economic and food security as the most important factors.

According to him, CPEC cooperation has become a visiting card of Belt and Road Initiative. During the COVID-19 epidemic, this proved to be a relentless initiative. He explained that the economic union between Pakistan and China is “just icing”. on cake” of them “unique communication”, which includes cultural and educational exchanges, with 20,000 Pakistani students study in China.

Suos Yara, Chairman of National Assembly of Cambodia Commission on foreign affairs, international cooperation, media and information stated that the funds of the economy was shaken amid such uncertainty on in global arena. Fewer countries such as Cambodia, facing numerous obstacles in achieving economic prosperity. Cambodia, he pointed out not interested in choose someone’s side, as he considers himself a friend to everyone and enemy nobody. He stated that new world order must be inclusive, sustainable and sustainable. BRI, he says, is a platform for cooperation as it offers so many opportunities such as infrastructure upgrades and respite for partner countries economy.

Professor Wang Wen, Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China says the US is copying the crisis in Ukraine unleashes a conflict in Taiwan. US attacks on China’s vital interests, he said, would not prevent China from getting its way. ultimate goal of economic prosperity not only in China, but throughout region. He condemned the US active the pursuit of cold war mentality and championed for cooperation, not confrontation.

He declared that China would not be afraid of US provocations such as trade war, internationalization of NATO, Five Eyes or QUAD, and will actively respond to any challenge to my national sovereignty. Moreover, he said that China will become the largest consumer of market of in world by 2023. This makes it possible for extended economic growth in development countries.

Mr. Keith Bennett, Co-Editor of Friends of Socialist China declared that with the fall of Berlin Wall over 31 years ago people in West expresses hope that modern democratic values ​​will triumph in in global South, as a result in economic success for in the region but this did not happen occur. Russia was treated as a humiliated and defeated country, and NATO’s promises of containment were not kept. In such an environment, he said, China’s transformation has been amazing, and the country on facet of takes center stage in global politics dream designed by President Xi Jinping. He also praised cooperation between Pakistan and China on KPEC and called for another BRI countries to follow suit.

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Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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