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China's trillion dollar plan to dominate global trade

This lesson explores China's ambitious Belt and Road Initiative, a trillion-dollar infrastructure project aimed at dominating global trade. It delves into the geopolitical implications and the strategies China employs to expand its influence.

C1 Business General Practical English Video
China's trillion dollar plan to dominate global trade
Photo by Toby Yang / Unsplash

Summary

This C1 ESL lesson explores China's ambitious Belt and Road Initiative (BRI), a multi-trillion-dollar infrastructure project designed to reshape global trade and geopolitics. Students will analyze the economic and strategic implications of the BRI through engaging activities, developing critical thinking and advanced communication skills.

Activities

  • A warm-up discussion where students share knowledge on global infrastructure and international trade, preparing them for complex geopolitical themes.
  • Listening comprehension tasks based on a video that explains the origins, components, and global impact of China's Belt and Road Initiative.
  • A vocabulary matching exercise focusing on advanced terms related to trade, economics, and geopolitics such as "maritime," "infrastructure," "stagnant," and "leverage."
  • A grammar exercise on the passive voice with reporting verbs, enabling students to discuss widely held beliefs and reported facts about global events with formal and objective language.
  • A vocabulary in context activity to reinforce understanding and correct usage of the key terms from the lesson.
  • Speaking practice where students analyze the BRI's impact, discussing its benefits, risks, and implications for international relations, utilizing the lesson's vocabulary and grammar.
00:00:2,300 There’s a new highway in Pakistan.
00:00:7,320 And a new rail terminal in Kazakhstan.
00:00:11,540 A sea port in Sri Lanka recently opened.
00:00:13,840 As well as this bridge in rural Laos.
00:00:16,580 What’s interesting is that they’re all part of one country’s project that spans
00:00:20,800 3 continents and touches over 60% of the world’s population.
00:00:25,779 If you connect the dots, it’s not hard to see which country that is.
00:00:29,580 This is China's Belt and Road Initiative -- the most ambitious infrastructure project in modern
00:00:34,540 history that's designed to reroute global trade.
00:00:38,230 It's how China plans to become the world’s next superpower.
00:00:52,180 It’s 2013 and Chinese president, Xi Jinping
00:00:54,610 is giving a speech in Kazakhstan where he mentions the Ancient Silk Road:
00:00:58,660 A network of trade routes that spread goods, ideas, and culture across Europe, the Middle
00:01:3,130 East, and China as far back as 200 BC.
00:01:5,970 He then says:
00:01:7,190 "we should take an innovative approach and jointly build an economic belt along the Silk
00:01:15,789 Road" A month later, Xi is in Indonesia:
00:01:21,760 "The two sides should work together to build a maritime silk road for the 21st century"
00:01:28,479 These two phrases were the first mentions of Xi’s legacy project, the multi-trillion
00:01:32,869 dollar Belt and Road Initiative, or BRI.
00:01:35,289 They’re also the two components of the plan.
00:01:37,469 There’s an overland Economic Belt of 6 corridors that serves as new routes to get goods in
00:01:42,570 and out of China.
00:01:44,080 Like this railroad connecting China to London.
00:01:46,869 And these gas pipelines from the Caspian sea to China
00:01:49,960 And a high-speed train network in South East Asia.
00:01:52,740 Then there’s the maritime silk road -- a chain of seaports stretching from the South
00:01:57,209 China Sea to Africa that also directs trade to and from China.
00:02:1,979 The BRI also includes oil refineries, industrial parks, power plants, mines, and fiber-optic
00:02:6,659 networks - all designed to make it easier for the world to trade with China.
00:02:10,929 So far, over 60 countries have reportedly signed agreements for these projects.
00:02:15,280 And the list is growing, because China promotes it as a win-win for everyone.
00:02:18,750 Take, for example, the BRI’s flagship project: Pakistan.
00:02:21,450 Pause for Pakistan Like many countries in Central and South Asia,
00:02:25,860 Pakistan has a stagnant economy, and a corruption problem.
00:02:29,340 It wasn’t a popular place for foreign investment, that is until China came along.
00:03:33,950 In 2001, China offered to build a brand new port in the small fishing town of Gwadar.
00:03:38,629 By 2018, the port as well as highway and railway networks became a $62 billion dollar Corridor
00:03:44,819 within the BRI.
00:03:46,140 It’s where the Economic Belt meets the Maritime Silk Road.
00:03:49,799 And it seemed to benefit both countries.
00:03:51,830 Pakistan saw its highest GDP growth in 8 years and forged a tight relationship with a major
00:03:56,870 world power.
00:03:58,329 China, on the other hand, secured a new alternative route for goods, especially, oil and gas from
00:04:3,590 the Middle East.
00:04:4,769 Through projects like these, it also found a way to boost its economy.
00:04:8,370 Chinese construction companies that had fewer opportunities within their own country saw
00:04:12,349 a huge boost from BRI contracts — 7 out of the 10 biggest construction firms in the
00:04:17,170 world are now Chinese.
00:04:20,730 What tips the balance in China’s favor even more is a requirement that it be involved
00:04:24,689 in building these projects.
00:04:26,269 In Pakistan for example, Chinese workers have directly built projects, like this highway
00:04:31,269 here, and a Chinese firm has worked with locals on a railway here in Serbia.
00:04:35,740 China’s involvement is one of its very few demands and that’s set these deals apart
00:04:39,609 so far.
00:04:40,609 See, typically, to get investment from the West, countries have to meet strict ethical
00:04:44,689 standards.
00:04:46,170 But China’s offered billions of dollars — mostly in loans — with far fewer conditions.
00:04:50,709 So, it’s no surprise the BRI has been a big hit with the less-democratic countries
00:04:55,719 in the region.
00:04:56,909 China has signed agreements with Authoritarian governments
00:04:59,219 Military regimes.
00:04:2,430 And some of the most corrupt countries in the world.
00:04:7,620 It’s even affiliated with, Afghanistan, Ukraine, Yemen, and Iraq; all currently splintered
00:04:9,989 by conflict.
00:04:13,859 Because of China's willingness to loan money to unreliable countries, many experts have
00:04:15,900 called the BRI a risky plan.
00:04:20,090 Eventually, these countries will have to pay China back -- but corruption and conflict
00:04:22,109 make that payback unlikely.
00:04:26,770 A recent report found that many countries indebted to China are vulnerable, including
00:04:29,889 8 that are at high risk of being unable to pay.
00:04:31,810 So why does China keep lending?
00:04:34,639 Because there’s more to the BRI than just economics:
00:04:38,530 In Sri Lanka, China loaned about 1.5 billion
00:04:40,250 dollars for a new deep-water port.
00:04:43,210 It was a key stop on the Maritime Silk Road.
00:04:47,710 But by 2017 it was clear Sri Lanka couldn’t pay back the loan, so instead, they gave China
00:04:50,710 control of the port as part of a 99-year lease.
00:04:55,900 China also controls the strategic port in Pakistan - where it has a 40-year lease, It’s
00:05:0,300 pushing for a similar agreement in Myanmar, and it just opened an actual Chinese naval
00:05:2,050 base in Djibouti.
00:05:5,419 These are all signs of what’s called the String of Pearls theory.
00:05:9,800 It predicts that China is trying to establish a string of naval bases in the Indian Ocean
00:05:14,620 that will allow it to station ships and guard shipping routes that move through the region.
00:05:19,250 So while China’s not getting its money back, its still achieving some very important strategic
00:05:20,250 goals.
00:05:24,760 China’s growing influence challenges the status of the US, which has been the world’s
00:05:27,509 lone super-power for the last several decades.
00:05:31,850 Isolation is trending in the US meaning it’s investing less and therefore losing influence
00:05:33,270 around the world.
00:05:36,860 The BRI is China's way of leveraging power to become a global leader.
00:05:41,289 By building relationships and taking control of global trade, China is well on its way.

Vocabulary focus

The vocabulary section introduces advanced terms crucial for discussing international trade and geopolitical strategies. Key terms include "maritime" (relating to the sea), "leverage" (to use something to maximum advantage), "stagnant" (not growing or developing), "infrastructure" (basic physical and organizational structures), "route" (a defined path), and "investment" (allocating resources for profit).

Grammar focus

This lesson focuses on the passive voice with reporting verbs. Students will practice structures like "It is reported/believed/said/thought that..." and "Subject + is/are + reported/believed/said/thought + to + [infinitive phrase]." This grammatical form is essential for discussing widely accepted information and expert opinions in a formal and objective manner, especially relevant when analyzing global initiatives and their perceived impacts.


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