solarz
Brigadier
The China-Maldives Friendship Bridge, the first cross-sea bridge in the Maldives opened to traffic.
For a moment there, I thought it was a bridge linking China and the Maldives. That would have been something! LOL
The China-Maldives Friendship Bridge, the first cross-sea bridge in the Maldives opened to traffic.
China's 'Silk Road' project runs into debt jam
China's massive and expanding "Belt and Road" trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt.
First announced in 2013 by President Xi Jinping, the initiative also known as the "new Silk Road" envisions the construction of railways, roads and ports across the globe, with Beijing providing billions of dollars in loans to many countries.
Five years on, Xi has found himself defending his treasured idea as concerns grow that China is setting up debt traps in countries which may lack the means to pay back the Asian giant.
"It is not a China club," Xi said in a speech on Monday to mark the project's anniversary, describing Belt and Road as an "open and inclusive" project.
Xi said China's trade with Belt and Road countries had exceeded $5 trillion, with outward direct investment surpassing $60 billion.
But some are starting to wonder if it is worth the cost......to read more
Mohamed Nasheed, has said China's actions in the Indian Ocean archipelago amounted to a "land grab" and "colonialism", with 80 percent of its debt held by Beijing.
Sri Lanka has already paid a heavy price for being highly indebted to China.
Last year, the island nation had to grant a 99-year lease on a strategic port to Beijing over its inability to repay loans for the $1.4-billion project.
Sound familiar?
Hong Kong comes to mind for me.
What next??
Don't really care what you think, if you have any problems refute the article!!Are you stupid or just pretending to be?
Getting your house foreclosed by the bank is not the same as getting your house robbed from you at gunpoint.
Don't really care what you think, if you have any problems refute the article!!
And by the way, the one belt thingy was about MUTUAL gain and yet only one side is gaining so what who is at gunpoint and who is holding the gun?
And who is working?No one is at gunpoint because there is no gun in the equation. Knowing your kind, perhaps being at someone's actual gunpoint for so long means you've gotten so accustomed that you no longer know what gunpoint means.
Mutual gain is the goal of the project, not the inevitability. Both sides must work hard to achieve it. Evidently, it wasn't enough in the case of Sri Lanka. China lost money and Sri Lanka lost administrative rights over a port.
And who is working?
No PRC did not lose any money since they took away the port WHICH then intended to at all cost with bribes and coercion.
If PRC was looking for a more diplomatic solution they would not have enforced a 99 years lease like Hong Kong.
Don't really care what you think, if you have any problems refute the article!!
And by the way, the one belt thingy was about MUTUAL gain and yet only one side is gaining so what who is at gunpoint and who is holding the gun?
Sri Lanka formally hands over Hambantota port to China on 99-year lease
found using google after I had noticed the tweet
China Merchant Ports Holdings (CMPH) and the Sri Lanka Ports Authority will co-manage the operations of Hambantota Port after Sri Lanka hands over the port to the CMPH 99-year lease.
time will tellhere's something I want to say:
for me the indication of China building an empire would be if it began to reclaim
now looked at the map again, Corregidor is 'in sight':