We should acknowledge and accept the fact that China created the BRI for her own advantage, use, and purpose, in intent to defeat as well as dominate foreign countries in trade and economy that gives them the edge of becoming the wealthiest in the world which is an unfolding reality in the process.
With that in mind, there are no other countermeasures but to do to protect our country, sovereignty economically and politically against this infiltration and pressures of defeating our country via trade and financial obligations, but rather defend our national interest by this onslaught of trade, predatory loans and dominance by China.
The strategy of loans and infrastructures in wasteful in spendings will possibly amount into our difficulty of paying back, and default afterwards as expectations of this lender is what our leaders must put into serious study this strategy of China but rather of go back and built our own manufacturing strengths as an answer to this kind of relations China offers which must be dealt with by us in contrast.
MANUFACTURING
We need to make alternative sources to greatly increase our manufacturing that would be the ground to fight back our international trade deficiencies. Basically, we must make every product created in the country to be sold abroad to earn foreign currencies as a measure to combat trade deficits.
At the moment we have very low manufacturing capabilities and this is the difficulty that we have right now. Data shows that we import so many products to make meet our domestic consumption, that if we identify our cravings of foreign products that we don't produce locally, we can counter produce them locally and reduce importations of product lines we consumed that would affect the reduction of those consumptions that made us spend foreign currencies.
Manufacturing is only the mean that our country can be freed of political and international foreign pressures and influences. If we can be sustainable and not dependent offshore by finances and loans, there is no fear that we can grow as a nation respected and well recognized. At the moment, we don't manufacture cars viewed as the basic foundation of the modernized economy. Unless we engage in auto manufacturing, trucks, heavy types of equipment, shipbuilding, and more, there is no assurance that we can be self-reliant and sustainable as a nation.
We are very dependent on the importation of foreign cars, trucks, machinery that makes our country and economy run. That dependency will not bring us to a good future because it will make us remained n that situation as a beggar of other countries. we will keep constantly buying abroad, and their supply will be the bargaining point of their influence on us. Rice alone is a basic problem in our importation that creates fear for our food security.
How can be our country be secured if basically, we cannot be self-sustainable mainly for our food security? National security is the topmost problem in this country, and it is the issue that must be the concern of our government, our leaders, and Congress.
DOLLAR EARNING
Foreign currency earning must be the priority of our government, and economic policies should be based on this goal ordering every local product all for dollar earnings. From agricultural products into high technology goods, our government should implement programs to double down on exports and strictly implement this policy for the sake of foreign reserve accumulation.
