China's International Debt Crisis

In 2013 President Xi Jinping announced the launch of his signature policy, the Belt and Road Initiative, the largest transnational infrastructure program ever undertaken by a single country. Today though, many of the loans financing these huge infrastructure projects are going bad and going bad in record numbers.

Today's video looks at the Belt and Road Initiative, how the projects are going and how recent events like Russia's invasion of Ukraine are affecting debtor nations like Sri Lanka, who defaulted on their sovereign debt in May of this year.

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[xpkareem]

If you owe the bank $50k and you can't pay, you have a problem. If you owe the bank a billion and you can't pay, the bank has a problem.

[alexanderasner]

What a fantastic and well-balanced analysis. I have seen hour-long documentaries about the Belt and Road Initiative that were not nearly as informative as this 20-minute video. Subscribed.

[Frankcapasso]

You always have the most straightforward cut to the chase content of anybody from the finance world thank you for doing this

[simbamusonza]

Watching Patrick Boyle is a lot more informative than Watching Bloomberg, The Economist and other mainstream outlets!

[CrocodileWhispers]

Best financial YouTuber by far. Thank you for sharing your knowledge

[stewartbone]

There's certainly a slowdown inside China as consumption drops. After four years here, I've noticed the change. Many Westerners have left and there is a surplus of excellent Chinese graduates around. Salaries are lower, getting jobs or changing jobs is difficult but, oddly enough, education is still in demand.

[stevenliew]

Patrick is one of my favourite presenters of finance & economics. Despite being experienced in international finance, I find I still have a lot to learn from Patrick. Great job.

[chrisshorman]

I just love the way Patrick presents his analysis on whatever he's reviewing. It's like Walter Cronkite. Here are the facts, do with it as you will. Love his videos. The Musk Twitter one is still one of my faves.

[tickertaco]

These videos are so packed full of information. So glad I found this channel!

[dimitarchardakliev]

Patrick, thank you. Your content is an oasis of level headed analysis without any clickbait and sensationalism, which I really appreciate. I'm sure most of your viewers are on the same opinion. I'm an OG subscriber of Tom Nash whose content I also enjoy but lately he has been using clickbait so much that I got bad news fatigue and stopped watching altogether. Once again, thank you for your straight to the point analysis.

[uqdesign]

Slavery part I can confirm, in my hometown in Serbia one big Chinese factory is built by Vietnamese workers who don't get regularly paid and their passports are held by managers. There are NGOs who try to help by donating food and clothes to the workers. Quite embarrassing situation for any civilized country...

[s.v.]

Patrick's analysis always make me want to open up the trading terminal, and drop a few million in collateral debt put option writes. But I don't have a few million, and I don't know anything about finance.

[lsb]

Another excellent piece from Patrick. He presented views from both side and remain neutral, and provided a balanced opinion that's hard to argue against.

[chola]

China loans themselves are not bad but somehow they seem to be giving more and more loans only to countries where the govt is corrupt or weak. A govt which doesn't question projects that in no way help the local economy is surely not a viable one and certainly not looking after its economy properly.

[ittybittytractorworks]

Love your in depth and not dumbed down video content. Thank you sir!

[cancercell]

Hey Patric, than you for your level headed assessment of the problems and what it could mean for China as well as the rest of the world. In the world of clickbate articles and sensationalizing every thing, no matter how significant your videos bring sober overview of the big events. Keep it up.

[dk]

Best explanation of Belt and Road initiative I'd seen. Well done!

[JonnyMReck]

Whoa - a corded office phone in the background. Super retro!

[ZazaMasta]

How is he able to make such a complicated story into a superbly written script that is easy to absorb? He doesn't even rely heavily on a constant photo roll, its mainly just him talking. Superb!

[andre]

Excited to see financial analysis on this topic, everywhere else I just see politics and propaganda.
Very concerned that financial insolvency in China will ripple out in a 2008-esque fashion.