IS IT OK TO BLAME CHINA FOR PUTTING COUNTRIES LIKE PAKISTAN-BANGLADESH-NEPAL-SRI LANKA INTO DEBT TRAP??/ MY PERSONAL VIEW IS A BIG NO

Many of my country men and politicians and think tank have been accusing China for putting India's neighboring countries like Pakistan-Bangladesh-Nepal-Srilanka into a debt trap.

I went through the various write ups and analysed various aspects of OBOR (ONE BELT ONE ROAD POLICY OF CHINESE GOVERNMENT). 

My fair opinion as an independent finance person  in short is as under point wise:-

1.Did these countries work hard themselves to make their respective countries Economically strong enough to develop their own infrastructure?

Answer is a BIG NO.

2.The USA funds received by Pakistan were never used by it for Economic growth rather used for funding Military equipments and also to large extent terrorism against India. 

3.USA funding made Pakistani political Establishment like spoil t child who never bothered for up-liftment of its own countrymen by providing them Basic Education-Health care- necessities of life like water Electricity etc.

4.China if you go by its history has been peace loving country and it suffered invasions which finally made its political establishment to realize this and made it to work harder and harder with its dedicated work  force for ultimate development of country infrastructure at a rapid pace and the results are before the world.Now China is a self reliant country like USA.

5.China has to feed its big military establishment and it must continue making best efforts for its economic development and for this it needed to resort to give fillip to its international trade and compete with the world through most competitive pricing.The company I worked  for sometimes has been trading in Chinese products over 16  countries and I know how Chinese could produce low cost quality goods as the quality standards checks are limited till foreman level and not to highly paid quality control managers who just sit in Air conditioned rooms adding to cost of products.

6.These small countries wanted their infrastructure to be developed without having their own will power and without any economic backup.They want every thing to be served to them in a plate.(LAZY DUDS)

7.China came forward to help them through its money and manpower but every one should realize that nothing is free in this world.Now in case China has given them loans knowing very well that these countries will never be able to pay back then why there is big fuss over it.Indians suffered on account of this and was ruled over by British for 200 years.After independence only India thought of Economic development (Thanks to its dedicated qualified middle class and Industrialists with good business sense ) and it achieved what it is today although at a bit slower rate as compared to China.(Thanks to selfish politicians).

8.Now the question is that how these countries shall repay their loans.?

Answer is again a BIG NO but Chinese will use these infrastructure developments to cut down the cost of their products specially Transportation and increase its International trade to African countries and European countries at a very competitive rates.

IN ONE LINE TO SUMMARISE:-

PROACTIVE COUNTRIES WITH STRONG POLITICAL WILL HAVING LONG TERM ECONOMIC VISION ONLY WILL RULE THE WORLD WHICH IS NOW NO MORE FOR LAZY DUDS.

These are my personal independent professional views only
CA Rakesh Kumar Singhal