RaymondPierreL3, 27 days ago

The PRC Belt and Roads Initiative is a none too clever means of endebtedness for all participating countries. China does not loose on the deals no matter how unsuccessful these might turn out. In the meantime, hosting countries face years of loans repayments. There is a wolrd map in this article showing the extent of Chinese Ownership of Chinese built port facilities. It’s sobering.

Pakistan's Gwadar port shows China's Belt and Road can fail

Pakistan's Gwadar port was meant to be a shining success for China's Belt and Road Initiative. But almost two decades later, it still sits empty.
https://www.dw.com/en/pakistans-gwadar-port-shows-chinas-belt-and-road-can-fail/a-68992914?
#China #BRI #Pakistan