This is counting the cost on aljazeera your weekly look at the world of business and economics this week predatory lender. China loans more money to the world than the richest 32 nations what does the world china and what does beijing get when you dont. Was this man really responsible for a one trillion dollar loss on wall street or was. Taking on big investors. And the story of the world over Migrant Workers stranded in thailand without jobs and no money for rent or food. The worlds 20 largest economies agreed to give 76. 00 of the poorest a Debt Repayment holiday but china has yet to publicly offer any support at a time many nations need the extra financial headroom to tackle the coronavirus pandemic beijing has been rapidly rolling out its belt and road initiatives to build infrastructure and increase its influence in mostly developing nations. Has come a huge cost for many of the 138 nations that have signed up to the program you may remember sri lanka couldnt keep up with payments on the ports and eventually had to hand over the facility on a 100 year lease many nations have been rethinking their involvement amid accusations china was over pricing road and rail links. Trying to understand just how much money beijing has lent the world has been a challenge for many but the kill institute for the World Economy has managed to cut through the opaque lending practices it says between 2002017 the worlds debt obligations to china rose from 500000000000. 00 to a staggering 5 trillion dollars thats about 6 percent of the worlds economic output most of that has been bought on International Debt markets beijing and its subsidiaries have lent 1. 00 trillion dollars directly to 150. 00 nations that makes china the worlds biggest creditor overtaking the i. M. F. And Even World Bank or beijing has also made unreported loans worth 200000000000. 00 which is wiring as other investors and International Lenders cant make accurate Investment Decisions over recent years washington has grown reluctant to bail out nations time to chinas initiatives through the i. M. F. And world bank lets bring in the author of that report 1st of christoph trash good to have you with us 1st of all what kind of lend is beijing is it fair to describe it as private trying. I wouldnt use that word i think. Obviously where china can be characterised in 3 main ways 1st states driven meaning the. Government entities who are almost all of the and then being overseas 2nd it is all. Meaning. Action its a moment of real change its a moment that those folks who are out there demanding this are are not going to take a commission or report theyre going to have that fundamental change and that is what i think. Thats one of the exciting things in the midst of all this you can feel a sense of optimism coming back i just want to say you know youll hear from some of the things in the updates where were at i dont want to paint a picture that this is over but i do want to paint a picture that i think we as minnesotans have reground it ourselves in the values that we care about it looks to me like theres a clear delineation between the folks who are rightfully pained and angered wanting to see change and expressing it lawful ways and what we witnessed on several days earlier in the week those that are bent on wanton destruction of the very communities that are most pained i think its citizens as as residents of minnesota we can continue to maintain that and this gives us a space now for a time of unprecedented opportunity to address things that have been around in many cases decades or since the founding or prior to that so in moving forward in that light i want to talk a little bit about the posture worry in terms of Law Enforcement and on the streets i signed an executive order in consultation and leadership with the mayors of minneapolis and st paul we will it be extending the curfew for 2 days but the times will change it will go from 10 pm to 4 am. And one of the reasons in this is is is minnesotans have taken charge of this the only way these things work is what weve seen the last 2 nights the vast majority of people by this those that not are able to to address this i do want to mention something some of you witnessed this on on many of your stations on live t. V. There were protesters that stayed out past the curfew i think in some cases because of the tragic near miss with the truck it disrupted some of their schedules some of them i think were very intent on going home and doing that because it was very clear they were articulating very clearly peaceful right to demonstrate but they also understood once they got out past that time. The interaction with the police that some of you witnessed day and it was it was gratifying i think to see how citizens approached it and how our Law Enforcement approached it the very. Humanized the way the very orderly way that people were processed and treated and some of the interactions between the 2 to understand each other was for me the way i think people expect to be expect this to happen so. That curfew will go in place whereas with think about the strategic levels of what we have i will have General Johnson will be speaking about a transition to our National Guard troops back to their homes and their jobs because thats what they are they take time out of their jobs and then have them will be going back some of them working as News Reporters some of them working as camera operators some of them working as teachers that will begin to to happen and that will be done as General Johnson will talk about in a very orderly an organized way our strategy we need to continue to keep in place the the Multiagency Command Center that wouldnt stood up will stay in place because we are managing communications i think some of you now have witnessed. The complexity of Something Like this it doesnt look like the movies you have to get everybody on the same frequencies you have to have communications to move people and when you see an operation move in unison like youve seen the last few days with no prior training together thats a testament to the leadership of all of these different agencies and that is the mack theyll continue to operate until the time comes when we transition back out of that i do think it is worth noting that this week there will be at least as we understand right now a significant event with the funeral memorial of. George floyd i believe is scheduled for thursday it will be an important event both for the city of minneapolis for minnesota and for the nation. To watch that process of celebrating a life that was taken in front of us an opportunity for leadership but when i say leadership what were seeing now is where there are voids of leadership at certain levels youre certainly seeing leaders in communities that have always been there put their voices forward so that will be in conjunction of making sure as we said yesterday the idea of protecting Peaceful Protesters and that brings me to yesterday and youll hear a little more detail on this the incident with the truck that i i think will live for many of us forever i was watching that on the mend cameras in the state Emergency Operation center in live time when it happened and i was breathless as i watch because i thought i was going to witness dozens are hundreds killed in the immediate crash and then my fear was the intentional thought of detonating that that truck as it turned out and i dont want to speak ahead of this but the policeman area with the interviews of the driver was frustrated theyll talk about how you close in sections and he got ahead of that and why they were excellent people and ill let them talk about the details of that but from the drivers perspective you went around it saw the crowd went around the other cars he did break is what you see but i think the amazing thing in this story was 1st of all that no one was hurt the crowd then responding in many cases just im sure adrenaline and fear and Everything Else was happening but the driver noted afterwards after he was told it didnt kill anybody he noted that the crowd the vast majority were protecting him the protesters were protecting the driver who they had just seen appear to run into the crowd because they realized how dangerous the situation was and for those of you who are old enough to remember that horrific scene on that los angeles road during the rodney king of events where the driver was pulled from the vehicle and severely injured. Peaceful protesters in minneapolis and st paul protected this person even after what we saw was it appeared at the time to be an attempt to kill them i think that speaks volumes again and im just im grateful to be able to tell that because i still am in shock of what i thought we might have to be talking about i will note that that event did have some disruptive impact on movement of folks last night but it still worked out i think again an amazing thing of no deaths no injuries and last night report of one fire that is still under investigation so it cant be confirmed it was by this and it was immediately extinguished so. Weve got an opportunity here weve changed the direction of where this is gone weve opened up incredibly important conversations. Yesterday we saw attorney general allison assume the lead in in the case to start with many more things that need to be done at this point in time but minnesota this is our chance and i would i would say this with that curfew its june 1st were still in the middle of a pandemic were working simultaneously with this ill give you a little bit of an update at the end we will talk about the number of tests were doing are still very up we tested 22 Long Term Care facilities we are planning for massive mobile testing in the cities for folks i would tell those of you who are out there peacefully protesting again if youre starting to get symptoms of coping 1000 please isolate we will have to do some Contact Tracing which i have not wrap my mind around what that would look like in this size but we want to massively test you we want to get you to get the help we want to get a handle on that but june 1st were having restaurants open up outside its going to be 85 degrees this afternoon weve got restaurants across the state that are ready to do that this is a time for community to gather outside gather outside in the early evening experience what minnesota has to offer and lets lets have some of that happen lets get some of those things back going again and with that id like to turn it over to commissioner Harrington Department of public safety. Thank you governor john hearing ok thats governor tim waltz of minnesota announcing that hes extending the curfew the for 2 more days the process he says of open up some incredibly important conversations elsewhere in minneapolis while the governor is speaking a vigil is underway led by George Floyds brother. Lets just listen in for a few moments to once crown him. Here. From up. Here so. You know why. You are right. Im very much. For any case so thats. The vigil thats happening elsewhere in minneapolis right now as a said attended. By George Floyds brother the governor was saying that george fords funeral soon to be held on thursday of this week. Lets go back then to the press conference. In minneapolis listening in frankly proselytes miracle. Because the driver was doing 70 miles an hour as we understand it or in that range and even with hitting the brakes and even with dry pavement we were we got lucky. Or there was something miraculous happening there. Once that happened we continued our operational posture in terms of working through the curfew and working through our protests prevention riot prevention model. Of the Rapid Response team moved and you could literally see it in real time you can see the Rapid Response team bikes and cars and trucks moving in to the protest area around the truck making sure that we could control what we thought might turn into another really bad situation and the peace officers that responded to that responded with restraint and they responded with care and they were able to. Contain this issue ation in such a way that we really did feel like we had some control over it it took hours to continue to move that along and at the end of the night we really did feel like the interaction was. Right at the right tone we were having moms with their kids leave because they really were that was early on in this that were not curfew it was there was an opportunity for us to sort this out we had folks who didnt want to leave and who were clearly there by design and we made i think good decisions throughout. Today we started the morning. 7 oclock in the morning looking at the intel looking for Additional Information looking for signs that we were going to have disruption we have a preventative patrol model that is operated a very similar what weve had the last few days its a combination of National Guard local municipalities primarily so many apples and st paul ramsey in Hennepin County that are out working the streets today prepared to rapidly respond if we have disruption or riots. And also prepared to protect peoples 1st amendment rights if folks are coming to protest and we have been working with community we continue to work with Community Whether its at the memorial at 38 in chicago or at little earth or all over the twin cities area. Peace officers have been working with community to keep the peace thats what the Community Wants and thats what we want. This afternoon we will move back into our more multi agency coordinated. Presence will bring more folks in from suburbs and other sheriffs departments and well continue to integrate them with the Minnesota State patrol minnesota didnt permit a Natural Resources and the minnesota National Guard and we will once again go out to patrol to make sure that the curfew is in forced to make sure that lawful and Peaceful Demonstrations their 1st amendment rights are protected and to make sure that right is behavior arson violence robbery looting is not allowed to be the story of the day. At this time i will turn it over to Major General don jensen of the sort of National Guard. Good morning everyone Major General john johnson on the action general the minnesota National Guard and as governor was just announced. This morning we received guidance from the governor as it relates to the mobilization of the minnesota National Guard and the return of part of the minnesota National Guard back to their hometown and back to their armories this is not an order to return the entire organization back home any redeployment is coordinated with the mac and approved by the governor our plan will remain flexible and have a scalable temple that we can accelerate as the security situation improve delay or even stop if the security situation worsens with over 7000 minnesota National Guardsmen currently mobilized i am confident that we can reduce our presence while meeting the needs of the mission taskings received by the mac the state patrol and the department of safety you may see movement begin as early as this afternoon as we take. Units who are not required to respond in st paul or minneapolis and allow them to return home and begin the process of returning back to their own or status as a citizen soldier in addition id like to report that last night at 9 48 pm in the vicinity of interstate i 35. 00 and washington avenue an unknown vehicle driving at a high rate of speed toward a minnesota National Guardsman and their Police Counterparts the rapidly approaching vehicle refused to slow down as it approached our guardsman and our Police Officers initial questioning into our National Guardsman indicate that this element responded with verbal and nonverbal signals for the vehicle to stop the vehicle continued at a high rate of speed non lethal methods. Were engaged on the vehicle to again to have the vehicle stop the vehicle continued at a high rate of speed at that time in accordance with the escalation of force our soldier fired 3 rounds from his rifle in response to a perceived and legitimate threat to him and the minnesota Police Officers but he was in direct support of the vehicle change course and fled the scene at this time no injuries have been reported we have followed our procedures and reported this event to both the Governors Office and the chief of the National Guard bureau as is required by regulation anytime a Service Member discharges their way of weapon regardless of reason we have assigned in avesta gating officer for this incident and finally this week and specifically this weekend for sure miss our National Guard is seen the best and the worst of minnesota. Weve seen the devastation of a community and we have seen great citizens or im going to leave that telling you. That points it just reminds you that while that is happening elsewhere in minneapolis a vigil is underway which is being. Atten