full transcript

From the Ted Talk by Ian Bremmer: When Biden met Xi (and what's going on with the US and China)

Unscramble the Blue Letters


So you could say the Chinese are in the lead there, though I would argue that the size of that lead has been overstated. In part because China is no longer sndniepg anywhere near as much on Belt and Road as they used to. And that's one of the reasons why a lot fewer heads of state showed up a month ago at their Belt and Road simmut than did during their summits before the pandemic, because they just don't have the same amount of money that they are willing to thorw at these countries, but also because a lot of the ivntnteesms they made did not perform very well. And as a consequence, you've got a lot of bad debt that now they have to restructure in countries all over the world where they have really, really big exposures, like Pakistan and like Zambia and like Sri Lanka, I mean, countries that 10 years ago, 15 years ago, you were hderainlg as China's taking over these places. And then it's like, oh my God, what are we dlenaig with? Venezuela, right? I mean, a lot of the countries that the Chinese are dominating are some of the worst-performing mrtkeas out there with debt that is going to be iebcirldny hard to service, especially in a really challenging interest rate environment. So I'm not so sure that that Belt and Road, you know, sort of, advantage is so critical, especially because a lot of that Belt and Road is in hard itfnrsrartucue. And once you build it, everyone can use it. You bilud a port, you build a railway. I mean, I'd rather the Americans build it than the Chinese because it redounds more to airemcan shareholders, sure. But you'd rather the port be built, than no one build the port. Because that then leads to more economic growth. And if the US is the largest eonmcoy in the wlord, the US benefits disproportionately from more ecionmoc grotwh around the world. That's just kind of a reality. It's what globalization is all about.

Open Cloze


So you could say the Chinese are in the lead there, though I would argue that the size of that lead has been overstated. In part because China is no longer ________ anywhere near as much on Belt and Road as they used to. And that's one of the reasons why a lot fewer heads of state showed up a month ago at their Belt and Road ______ than did during their summits before the pandemic, because they just don't have the same amount of money that they are willing to _____ at these countries, but also because a lot of the ___________ they made did not perform very well. And as a consequence, you've got a lot of bad debt that now they have to restructure in countries all over the world where they have really, really big exposures, like Pakistan and like Zambia and like Sri Lanka, I mean, countries that 10 years ago, 15 years ago, you were _________ as China's taking over these places. And then it's like, oh my God, what are we _______ with? Venezuela, right? I mean, a lot of the countries that the Chinese are dominating are some of the worst-performing _______ out there with debt that is going to be __________ hard to service, especially in a really challenging interest rate environment. So I'm not so sure that that Belt and Road, you know, sort of, advantage is so critical, especially because a lot of that Belt and Road is in hard ______________. And once you build it, everyone can use it. You _____ a port, you build a railway. I mean, I'd rather the Americans build it than the Chinese because it redounds more to ________ shareholders, sure. But you'd rather the port be built, than no one build the port. Because that then leads to more economic growth. And if the US is the largest _______ in the _____, the US benefits disproportionately from more ________ ______ around the world. That's just kind of a reality. It's what globalization is all about.

Solution


  1. markets
  2. build
  3. incredibly
  4. world
  5. growth
  6. economic
  7. economy
  8. dealing
  9. spending
  10. american
  11. heralding
  12. investments
  13. infrastructure
  14. summit
  15. throw

Original Text


So you could say the Chinese are in the lead there, though I would argue that the size of that lead has been overstated. In part because China is no longer spending anywhere near as much on Belt and Road as they used to. And that's one of the reasons why a lot fewer heads of state showed up a month ago at their Belt and Road summit than did during their summits before the pandemic, because they just don't have the same amount of money that they are willing to throw at these countries, but also because a lot of the investments they made did not perform very well. And as a consequence, you've got a lot of bad debt that now they have to restructure in countries all over the world where they have really, really big exposures, like Pakistan and like Zambia and like Sri Lanka, I mean, countries that 10 years ago, 15 years ago, you were heralding as China's taking over these places. And then it's like, oh my God, what are we dealing with? Venezuela, right? I mean, a lot of the countries that the Chinese are dominating are some of the worst-performing markets out there with debt that is going to be incredibly hard to service, especially in a really challenging interest rate environment. So I'm not so sure that that Belt and Road, you know, sort of, advantage is so critical, especially because a lot of that Belt and Road is in hard infrastructure. And once you build it, everyone can use it. You build a port, you build a railway. I mean, I'd rather the Americans build it than the Chinese because it redounds more to American shareholders, sure. But you'd rather the port be built, than no one build the port. Because that then leads to more economic growth. And if the US is the largest economy in the world, the US benefits disproportionately from more economic growth around the world. That's just kind of a reality. It's what globalization is all about.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
united states 7
private sector 6
artificial intelligence 5
global south 5
middle east 4
president biden 3
xi jinping 3
political system 3
export controls 3
chinese government 3
transition energy 3
san francisco 2
terrorist attacks 2
powerful countries 2
prime minister 2
south korea 2
economic position 2
large language 2
economic models 2
free market 2
united nations 2
road initiative 2
economic growth 2
supply chain 2


Important Words


  1. advantage
  2. american
  3. americans
  4. amount
  5. argue
  6. bad
  7. belt
  8. benefits
  9. big
  10. build
  11. built
  12. challenging
  13. china
  14. chinese
  15. consequence
  16. countries
  17. critical
  18. dealing
  19. debt
  20. disproportionately
  21. dominating
  22. economic
  23. economy
  24. environment
  25. exposures
  26. globalization
  27. god
  28. growth
  29. hard
  30. heads
  31. heralding
  32. incredibly
  33. infrastructure
  34. interest
  35. investments
  36. kind
  37. lanka
  38. largest
  39. lead
  40. leads
  41. longer
  42. lot
  43. markets
  44. money
  45. month
  46. overstated
  47. pakistan
  48. pandemic
  49. part
  50. perform
  51. places
  52. port
  53. railway
  54. rate
  55. reality
  56. reasons
  57. redounds
  58. restructure
  59. road
  60. service
  61. shareholders
  62. showed
  63. size
  64. sort
  65. spending
  66. sri
  67. state
  68. summit
  69. summits
  70. throw
  71. venezuela
  72. world
  73. years
  74. zambia