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 Chinese Gold Mining
Red John the Taiwanese Man
Posted: Apr 26 2017, 05:01 PM


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We approach the world bank today to apply for a loan of 15 credits, to fund the expansion and modernisation of our mining industries - this particular loan being directed towards developing our gold mining industry.

The projected profits for such a venture are expected to reach 30 credits, a twofold on the original investment.

As for the period of repayment, we will need to confirm the time it will take for the project to be completed (ISMAIL). Once we have done so, we believe the Directors can work with China to create a realistic plan of repayment, as well as setting the interest rates.

If the directors would like, this can be postponed until we have paid our first repayment for our industrialisation loan, in case our credit is in doubt.

Any concerns or questions will be addressed promptly.


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Polyakov
Posted: Apr 26 2017, 05:22 PM


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We are wary of issuing two loans at the same time to the same nation, the world bank is eant to promote broad economic growth and i would be reluctant for us to get too involved in one specific nation. However we will assess this on its merits once the full details are available to us from the Chinese delegation.


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Red John the Taiwanese Man
Posted: Apr 26 2017, 05:39 PM


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Those are valid concerns. The world bank indeed is an organisation founded to promote broad economic growth.

We would dare say, however, that China is in a rather unique position. We are the single largest country in terms of population in the world, and we are currently in the midst of an economic boom. Continued reforms are making it easier for investors to access the Chinese market, whilst our own domestic investment is spurred on by the privatisation across tens of sectors of our economy.

Projects in China serve only to speed up this growth and by extension allows China to undertake our own independent investments in neighbouring countries. We have many potential projects to explore, but we suffer from a lack of funds. Thus, we would say in response to the French concern, an investment in China will inevitably reach our Asian neighbours, too, making it far more effective than a lone investment in another country, which lacks the presence China possesses.


--------------------
[spoiler=Former]
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Usama bin Mohammed bin Awad bin Laden - Leader of Al-Qaeda, War on Terror
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Red John the Taiwanese Man
Posted: Apr 27 2017, 05:43 AM


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While we wait for other directors to comment, we have concluded that the project will take a year to complete.


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Gyrocile
Posted: Apr 27 2017, 06:01 AM


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QUOTE (Red John the Taiwanese Man @ Apr 26 2017, 11:39 PM)
Those are valid concerns. The world bank indeed is an organisation founded to promote broad economic growth.

We would dare say, however, that China is in a rather unique position. We are the single largest country in terms of population in the world, and we are currently in the midst of an economic boom. Continued reforms are making it easier for investors to access the Chinese market, whilst our own domestic investment is spurred on by the privatisation across tens of sectors of our economy.

Projects in China serve only to speed up this growth and by extension allows China to undertake our own independent investments in neighbouring countries. We have many potential projects to explore, but we suffer from a lack of funds. Thus, we would say in response to the French concern, an investment in China will inevitably reach our Asian neighbours, too, making it far more effective than a lone investment in another country, which lacks the presence China possesses.

This reasoning in my opinion is sound and I would support a second world bank loan to China, I agree that the Chinese economy is in a unique situation.

Do you have any ball park time scale that you wish to repay the loan over?


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Polyakov
Posted: Apr 27 2017, 07:30 AM


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We welcome the reassurances of the Chinese delegation with regards to having the economic improvements in their country boost Asia as a whole, the fact that it has been considered is comforting; we do also note the Chinese efforts to help rebuild and make good damage inflicted in Vietnam after the recent conflict there. Our concerns however is that especially given the heavy conflict in two of Chinas larger neighbours that an economic boost to China out of proportion with those countries, especially given the generally slow rate of recovery, we do not want to reach a situation where their industry is crowded out by Chinese products as that would harm the long term economic growth of those countries.

Does the Chinese delegation or any of the other directors have any views on how best to combat such a problem?

This post has been edited by Polyakov on Apr 27 2017, 08:04 AM


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Red John the Taiwanese Man
Posted: Apr 27 2017, 09:05 AM


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QUOTE (Gyrocile @ Apr 27 2017, 06:01 AM)
QUOTE (Red John the Taiwanese Man @ Apr 26 2017, 11:39 PM)
Those are valid concerns. The world bank indeed is an organisation founded to promote broad economic growth.

We would dare say, however, that China is in a rather unique position. We are the single largest country in terms of population in the world, and we are currently in the midst of an economic boom. Continued reforms are making it easier for investors to access the Chinese market, whilst our own domestic investment is spurred on by the privatisation across tens of sectors of our economy.

Projects in China serve only to speed up this growth and by extension allows China to undertake our own independent investments in neighbouring countries. We have many potential projects to explore, but we suffer from a lack of funds. Thus, we would say in response to the French concern, an investment in China will inevitably reach our Asian neighbours, too, making it far more effective than a lone investment in another country, which lacks the presence China possesses.

This reasoning in my opinion is sound and I would support a second world bank loan to China, I agree that the Chinese economy is in a unique situation.

Do you have any ball park time scale that you wish to repay the loan over?

Considering the project will be completed in a years time, from the issue date of the loan, we believe that a payment plan between 1.5-2 years would be suitable, perhaps.

Gold is a stable metal and price fluctuations don't oft occur, so the 30 credit projection should be realistic. There is no doubt that we can pay the loan off fully as soon as the project is completed.

QUOTE
We welcome the reassurances of the Chinese delegation with regards to having the economic improvements in their country boost Asia as a whole, the fact that it has been considered is comforting; we do also note the Chinese efforts to help rebuild and make good damage inflicted in Vietnam after the recent conflict there. Our concerns however is that especially given the heavy conflict in two of Chinas larger neighbours that an economic boost to China out of proportion with those countries, especially given the generally slow rate of recovery, we do not want to reach a situation where their industry is crowded out by Chinese products as that would harm the long term economic growth of those countries.

Does the Chinese delegation or any of the other directors have any views on how best to combat such a problem?


Is the World Bank not an organisation that indirectly promotes this through it's policy regarding economic liberalization? We were met with stiff resistance in our application for industrialization, and argued that restrictions which harmed free trade were in place to protect our domestic industries until such a time that they could compete with the more efficient industries of the West.

Although we cannot predict the economic development of nations within Indochina, we believe that when their new governments are officially created, alongside a constitution, their economies will experience a rapid increase in terms of growth. China does not seek to supplant it's neighbors industry and undercut them at every turn, and we are entirely willing to work with all of our neighbors to help aid them in managing economic growth and creating sustainable plans that ensure growth continues.

As you have mentioned, China has already helped rebuild parts of North Vietnam. We hope to continue aiding the reconstruction of our neighbors and we are willing to modify our position regarding trade to better suit the budding economies of Vietnam, Laos, Cambodia, and North Korea. That however, relies on their respective governments to work with China closely, and we cannot be sure if they will do so.

So to fully answer your question: China's growth is very strong and is set to continue to be very strong. Our domestic output is increasing, and quality of life is rising in all parts of China. To better aid our neighbors in ensuring that our growth is not parasitic in nature, relying on the destruction of their own industries or economic potential, instead making it more symbiotic in nature, we are ready to work with their own governments.

This post has been edited by Red John the Taiwanese Man on Apr 27 2017, 09:08 AM


--------------------
[spoiler=Former]
China - BOP XV
Usama bin Mohammed bin Awad bin Laden - Leader of Al-Qaeda, War on Terror
Aureliano Blanquet - Mexican General, patriot, conservative, 'Mexicanos, al grito de guerra!'
[/spoiler]
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Polyakov
Posted: Apr 27 2017, 09:39 AM


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QUOTE (Red John the Taiwanese Man @ Apr 27 2017, 03:05 PM)
QUOTE
We welcome the reassurances of the Chinese delegation with regards to having the economic improvements in their country boost Asia as a whole, the fact that it has been considered is comforting; we do also note the Chinese efforts to help rebuild and make good damage inflicted in Vietnam after the recent conflict there. Our concerns however is that especially given the heavy conflict in two of Chinas larger neighbours that an economic boost to China out of proportion with those countries, especially given the generally slow rate of recovery, we do not want to reach a situation where their industry is crowded out by Chinese products as that would harm the long term economic growth of those countries.

Does the Chinese delegation or any of the other directors have any views on how best to combat such a problem?


Is the World Bank not an organisation that indirectly promotes this through it's policy regarding economic liberalization? We were met with stiff resistance in our application for industrialization, and argued that restrictions which harmed free trade were in place to protect our domestic industries until such a time that they could compete with the more efficient industries of the West.

Although we cannot predict the economic development of nations within Indochina, we believe that when their new governments are officially created, alongside a constitution, their economies will experience a rapid increase in terms of growth. China does not seek to supplant it's neighbors industry and undercut them at every turn, and we are entirely willing to work with all of our neighbors to help aid them in managing economic growth and creating sustainable plans that ensure growth continues.

As you have mentioned, China has already helped rebuild parts of North Vietnam. We hope to continue aiding the reconstruction of our neighbors and we are willing to modify our position regarding trade to better suit the budding economies of Vietnam, Laos, Cambodia, and North Korea. That however, relies on their respective governments to work with China closely, and we cannot be sure if they will do so.

So to fully answer your question: China's growth is very strong and is set to continue to be very strong. Our domestic output is increasing, and quality of life is rising in all parts of China. To better aid our neighbors in ensuring that our growth is not parasitic in nature, relying on the destruction of their own industries or economic potential, instead making it more symbiotic in nature, we are ready to work with their own governments.

We promote economic liberalism not on a dogmatic level but because we believe it is the best way to increase wealth for all. The opening of markets to the world is the only way which a countries economic wealth can be spread to its neigbours but we also acknowledge that a sudden shock of massive upheaval in a countries economic system can be deeply dangerous to its economic wellbeing.

We do not think or accuse China of pursuing a policy designed to keep its neighbors in economic penury, but the term free market is not an absolute, we do not and indeed did not in Chinas case advocate or mandate that you should drop all of your restrictions immediately. The same principle applies to Chinas neighbors, they have currently suffered an extreme shock and need to be carefully nursed back to health. The establishing of import and export tarrifs against another country is often viewed as a hostile act and is something we look very dimply upon but given the current chaos in those countries they may feel they have no choice and given that they have no stable governments at the moment we cannot reasonably create a deal which ensures the more equal spread of wealth growth across that area of the world.

We would request that the PRC pauses this motion until the establishment of new governments in Laos, Cambodia and Vietnam later this year so that we can work with their governments to form peaceful cooperation on this matter. This should not be too far after the original PRC suggestion of waiting until after their first loan repayment as i believe the UN mission has scheduled elections for July.


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Red John the Taiwanese Man
Posted: Apr 27 2017, 09:49 AM


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QUOTE
We would request that the PRC pauses this motion until the establishment of new governments in Laos, Cambodia and Vietnam later this year so that we can work with their governments to form peaceful cooperation on this matter. This should not be too far after the original PRC suggestion of waiting until after their first loan repayment as i believe the UN mission has scheduled elections for July.


Do the British, American, Japanese, and German directors share this proposal?



--------------------
[spoiler=Former]
China - BOP XV
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Aureliano Blanquet - Mexican General, patriot, conservative, 'Mexicanos, al grito de guerra!'
[/spoiler]
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Sachieiel
Posted: Apr 27 2017, 09:58 AM


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I find myself less concerned with regards China's neighbours. I could understand concerns about industrialisation or similar which would swell the Chinese export markets, but Chinese gold production seems very unlikely to affect their neighbours.

I would note however, that whilst the investment will bring a swift return, the World Bank does not permit loans of less than a 5 year term.

QUOTE (World Bank Rules)
Loans last for a minimum of 5 and a maximum of 25 years.


A minimum duration loan of 15 credits would probably best best sorted as a repayment of 4 credits per year totalling 20 credits to be repayed, representing an interest rate of approximately 6.5%


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Red John the Taiwanese Man
Posted: Apr 27 2017, 10:00 AM


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(Whoops. shifty-t.gif )


--------------------
[spoiler=Former]
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Usama bin Mohammed bin Awad bin Laden - Leader of Al-Qaeda, War on Terror
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Red John the Taiwanese Man
Posted: Apr 27 2017, 11:11 AM


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QUOTE (Sachieiel @ Apr 27 2017, 09:58 AM)
I find myself less concerned with regards China's neighbours. I could understand concerns about industrialisation or similar which would swell the Chinese export markets, but Chinese gold production seems very unlikely to affect their neighbours.

I would note however, that whilst the investment will bring a swift return, the World Bank does not permit loans of less than a 5 year term.

QUOTE (World Bank Rules)
Loans last for a minimum of 5 and a maximum of 25 years.


A minimum duration loan of 15 credits would probably best best sorted as a repayment of 4 credits per year totalling 20 credits to be repayed, representing an interest rate of approximately 6.5%

To actually respond to this, we would be fine with such a duration and interest rate.


--------------------
[spoiler=Former]
China - BOP XV
Usama bin Mohammed bin Awad bin Laden - Leader of Al-Qaeda, War on Terror
Aureliano Blanquet - Mexican General, patriot, conservative, 'Mexicanos, al grito de guerra!'
[/spoiler]
Top
Sachieiel
Posted: Apr 27 2017, 11:15 AM


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I approve.

Approve: 1 (Germany)
Disprove: 0
Yet to vote: 5 (USA, France, UK, Japan, India)


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BOP XV
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Federal Republic of Germany

Mexican Revolution
Luis Terrazas

[spoiler]War on Terror
President Vladimir Putin of the Russian Federation

BOP XIV
King Khalid bin Abdulaziz al Saud
Kingdom of Saudi Arabia
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Saber
Posted: Apr 27 2017, 11:37 AM


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We have no objections.

Approve: 2 (Germany, Japan)
Disapprove: 0
Yet to vote: 4 (USA, France, UK, India)

This post has been edited by Saber on Apr 27 2017, 11:37 AM


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QUOTE (SrzCountry)
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Polyakov
Posted: Apr 27 2017, 04:39 PM


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Approve: 3 (Germany, Japan, France)
Disapprove: 0
Yet to vote: 3 (USA, UK, India)


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