If it were not for the G7 meeting held in Germany on June 26, 2022, Western countries would like to launch a global infrastructure and investment partnership plan. We may not realize it yet. China’s infrastructure and One Belt One Road are already so powerful.
This is interesting. Developed countries such as the United States/UK/France, because they developed relatively early, did not look down on the manufacturing and infrastructure industries in the past few years. I only want to make money, and my focus is on the financial industry.
China's reform and opening up began in the late 1970s. It did start much later than Western countries. But China's manufacturing industry is booming. However, due to the relatively low threshold for manufacturing, as long as the price is cheap enough, it is indeed easy to be poached by India and Southeast Asia.
In the past 40 years of reform and opening up, China's infrastructure construction has been fast, of high quality, and its patent and technological content are now extremely high. There is a well-known name all over the world, called Minimalist Mania.
Friends, do you still remember that India’s high-speed rail order a few years ago was originally a business deal with China. But in 2016, the order was signed to Japan. At that time, many friends may have felt that this was a failure in China's overseas high-speed rail orders, and Japan was in vain.
But when India invited bids, the conditions offered were indeed quite individual. The general meaning is that whoever builds a high-speed rail in India will have to advance about 80% of the capital, and basically no interest will be charged, and the repayment time will be extended to decades. And a large number of Indian workers must be used to build high-speed rail in accordance with Indian construction standards.
means that the builder has to advance the funds himself, and it is a low-interest loan, and it will take decades to repay the money. It also has to help India solve the employment problem. It cannot control the quality standards itself. If the job is not done well, it will have to be Smash the sign.
Finally, in 2016, Japan happily signed this high-speed rail order with India based on its domestic Shinkansen construction qualifications. The total length is about 500 kilometers, and the estimated completion time is 2023.
But now Japan is starting to complain. Because there are too many nail households in India, coupled with the impact of the new crown epidemic, and the issue of the Russia-Ukraine conflict in 2022, Japan's yen has depreciated significantly. As a result, only a dozen kilometers of the more than 500 kilometers of high-speed rail project have been completed. The completion time of the entire section has been postponed to after 2028. Moreover, the project that was once expected to be completed with 1.6 trillion yen has increased to 3 trillion yen. And
Japan is not just grabbing China’s infrastructure list. In 2014, Vietnam actually had a cross-sea bridge , and it was also because Japan's quote was lower that it got the construction order. But in 2017, the bridge collapsed just three days after it was opened to traffic. This can seriously damage Japan’s infrastructure brand.
In 2021, the Uttarakhand hydropower station in India, which took 40 years to build, was washed away in just 4 seconds after opening the gate to release water. It also caused the death of dozens of people and the disappearance of more than 100 people. This project is also Japanese Built in India. In the end, India issued a statement on this project, saying that the accident was caused by too many rat holes. However, the international reputation of Japanese infrastructure has plummeted in recent years.
Many Western countries, including the United States, France and others, were once infrastructure madmen, but why are they now afraid of China's infrastructure? Because since our country's reform and opening up, infrastructure construction has been carried out in both cities and villages, above and below ground, and it is a large-scale infrastructure construction. The whole of China has basically become one big construction site.
Qinghai-Tibet Railway , Three Gorges Dam , Hong Kong-Zhuhai-Macao Bridge and many other infrastructure-related wonders of the world are all built perfectly. China Infrastructure has been continuously receiving orders overseas. In 2006, China won an order for Algeria , the most difficult section of the highway to build. From highway planning to construction speed to quality standards, everything was delivered perfectly with full marks. China’s reputation as an infrastructure maniac has become an instant success overseas. Its comprehensive strength directly crushes any established infrastructure power in the world.
In the past, most of our major overseas construction targets for China's infrastructure were countries with less developed economies. But in recent years, developed countries such as the United States, Britain, France, etc. It is not just about being the first to cooperate with Chinese infrastructure companies. Daji is now building to compete in overseas markets, which is also our unique advantage in China.
