Top Tweets for #ITF16
#ITF16 speaker: We thought China would become more like us when we let them into the WTO. Of course this didn’t happen. [No kidding.]
#ITF16 next panel: geotech - contest, conflict and cooperation
#ITF16 participant: India can’t say let us fix things at home and then we’ll focus abroad; it has to do both at the same time.
#ITF16 speaker: US needs to undertake a dynamic prioritization effort to assess where to invest time & resources
#ITF16 speaker: China is *trying* to be everywhere, US *is* everywhere
#ITF16 speaker: China is not the only country involved via connectivity, FDI etc. US, Europe, India, Japan also have lot in play.
#ITF16 speaker: Chinese consortium beat a consortium led by India’s National Stock Exchange that included NASDAQ to acquire a chunk of the Dhaka Stock Exchange. India, US others need to up our game; understand how we are being outplayed.
#ITF16 speaker: Pakistan has taken on Chinese loans at extremely high interest rates. CPEC includes coal projects, projects that support the military, it includes greasing hands quite openly
#ITF16 speaker: BRI has focused on energy, communications/tech, finance sectors—not just road & rail as much as the rhetoric would suggest
#ITF16 speaker: in India, earlier emph on public-pvt partnership for infra devp, with initial risk taken by pvt partner. That model didn’t work. Govt will hv to think abt taking initial risk—build, operate & then transfer (already experimenting with this approach).
#ITF16 speaker: huge phase of bank-financed phase of infrastructure devp in India btwn 2006-2012. Almost all projects got into trouble; non-performing assets hit the banks; that has hit economy. So need a different approach to financing, incl devp of bond mkt
#ITF16 speaker: best response India can hv to BRI is to build its own domestic infrastructure. Great need for financing for that. Public investment will not be sufficient; pvt investment a must. Need a financial sector that can bring in both foreign & domestic funds
#ITF16 speaker: Can’t think you can send in bureaucrats and get them to commit China to good behavior - time for delusions is over
#ITF16 speaker: no country has done more for China’s rise in the last 40 years than the US
#ITF16 speaker: differences on China remain. One view - engage with them, you can shape/moderate its behavior. Other view this is naive; hasn’t worked & need to take a different approach.
#ITF16 speaker: EU, India, US have not called China out enough when it breaks the rules
#ITF16 speaker: EU, Japan, US can work together on establishing high-quality standards.
#ITF16 speaker: the Huawei/5G debate is making Europe face the tradeoffs vis-a-vis China
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