@B.I.B. bro, lets wait for the proposed oil deal if sign and see the fine details, aside from the favorable share, China will shoulder the cost of the drilling. I think the Western MSM won't report it cause it will be a template for other third world nation to follow, 60/40 is unheard of, usually its 50/50 but if you include other perks like tax break, cost of drilling, import cost and others it will balloon to 80/20 in favor of Western partner with no liability regarding the environmental damage it cost to the locals, its economic impact and the clean up that is needed after exploiting the area. With the Malampaya case as an example we know that Western company will only participate if they able to achieve maximum profit for minimum investment. That is why the globalist hated the Chinese style State back enterprises. They are part of China foreign policy initiative arm, therefore profit while important is not the ultimate goal.
With the G7 plan of challenging BRI, it will only increase the corruption in the 3rd world cause they can't compete, the only way for those gov't to accept such onerous deal is to grease the palm of those politician. The Western media then can spin the story as a success burying the real story with endless China debt trap comparison.
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