ONE BELT ONE ROAD AND THE PHILIPPINES

In the outset, the idea of China about the one belt one road initiative is good and on the other hand deceptive.

The concept was of China, and  understandably, trade, economics, and global connection of about 60 countries through infrastructure to be made is that will link them and conduct smooth and fast trades among them.

Why did China proposed the idea at this time, and why was not proposed before a long time ago?

The question rings some important considerations to think about that the timing of the OBOR today has something to do with China having the advantage of the program.

Some 30 years ago, China was nothing economically, and of course it has no capacity to conceptualize the the OBOR because she has no economic power to trade at that time.

Because 30 years before, OBOR is of a disadvantage to them, practically unfavorable. That's why, after its economic power today, their emphasis on OBOR is a matter that should be understood of its pros and cons to China.

What if long before, the EU propose to China the OBOR, a kind of a reverse situation, that EU, being economically powerful have tons of products ready to trade with everyone, aimed to particularly take advantage of the market size of China which in that situation before, China being economically weak, is in short the disadvantage in trade position, will become the recipient, loser on trade.

That now, China has this power to trade with 60 countries whom they view as easy to be overwhelmed by their  products. 

China currently hold the position as  the Factory of the world.

Now that China is that ready, she proposes the OBOR.

Even without OBOR, China has already defeated major countries in trade through their cheap products, and much more, under the emphasis of OBOR, more defeating and worsening matters will flood the 60 countries involved to be affected economically, and financially becomes the trap of China.

With China soon to replace the US dollar as the world currency, the OBOR is the best advantage to her.

With her financial might today, she will replace the IMF World Banks, and the red buck as the new world currency is even at her advantage to make OBOR her tool.

How the Philippines may defend itself with or without OBOR? 

We must first strengthen our manufacturing condition, expand trade and exports as mean to reduce foreign reserve spendings caused by rising importations. We must industrialize, and create an ecosystem of industrialization.

Our economy will fall if our trade falls.

At the moment, while OBOR is still in the process in building infrastructures of highways, airports, ports, electricity, and many others are things to be seen for the next ten years or so. That once everything is in place and system running, we will know the realities of unfair trade practices and flow that might crop up.