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Belt & Road

  1. #251

    Join Date
    Oct 2010
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    16,952
    Quote Originally Posted by hullexile
    Can't see how that would help "impoverished" Portugal or keep them out of the evil grip of the Chinese debt trap.
    Even the Preisdent of Portugal admits they are impoverished

    “Ashamed” about poverty in Portugal: President Marcelo calls for national strategy | Portugal Resident

    https://borgenproject.org/poverty-in-portugal/

    If you don't think that shutting the door to foreign infrastructure investment is advisable... why do your heroes in China do it?

  2. #252

    Join Date
    May 2006
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    Quote Originally Posted by TheBrit
    Even the Preisdent of Portugal admits they are impoverished

    “Ashamed” about poverty in Portugal: President Marcelo calls for national strategy | Portugal Resident

    https://borgenproject.org/poverty-in-portugal/

    If you don't think that shutting the door to foreign infrastructure investment is advisable... why do your heroes in China do it?
    Impoverished is relative don't you think? I don't think any country that is in the high income category is impoverished. There is poverty within those countries agreed.

    Only in your mind are the CCP my heroes.

    I think closing doors to foreign infrastructure investment is total stupidity especially when it comes at very low interest rates. The returns are very large.

  3. #253

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    Aug 2008
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  4. #254

    Join Date
    Aug 2008
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    It still looks like mercantile imperialism

    https://www.scmp.com/economy/china-e...-back-its-belt

    TheBrit likes this.

  5. #255

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    Jan 2011
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    https://www.ft.com/content/c8da1c8a-...4-c32129756dd8
    Over the past two months, the Maldives has been struggling to establish the full scale of its exposure to Chinese debt, most of which is in the form of sovereign guarantees on Chinese loans to companies. Finance ministry data show that these guarantees amount to $935m, on top of the $600m directly owed to Beijing by the government.
    The controversy around recent Chinese investment in the Maldives is part of a worrying recent pattern for Beijing, in which newly elected governments have sought to cancel or amend supposedly unfavourable deals with China agreed by their predecessors.
    “We think it is wrong that China is taking us . . . to where we would find it difficult to pay back the money that they have given us,” Mr Nasheed says. “We do not want to be consumed by China.”

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