China's Westward One Belt One Road Strategy

Discussion in 'Strategic Defense' started by tidalwave, Sep 29, 2016.

  1. Jura
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    Jura General

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    now I read
    Next Hambantota? Welcome to the Chinese-funded US$1.4 billion Port City Colombo in Sri Lanka
    • The building of a Hong Kong-style metropolis on reclaimed land in Colombo using US$1.4 billion of Chinese money sits uneasily with some Sri Lankans
    • They are still smarting from the loss of sovereignty involved in their last encounter with what critics call Beijing’s ‘debt diplomacy’
    Updated: 2:37pm, 12 May, 2019 https://www.scmp.com/week-asia/geop...welcome-chinese-funded-us14-billion-port-city
    ... goes on below due to size limit
     
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  2. Jura
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    Jura General

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    the rest of https://www.scmp.com/week-asia/geop...welcome-chinese-funded-us14-billion-port-city
    :
    graphics from inside of that article:
    [​IMG]
     
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  3. Jura
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    now I read
    News Analysis: CPEC not "debt-trap" but development schema for Pakistan
    Xinhua| 2019-05-26 10:30:05 http://www.xinhuanet.com/english/2019-05/26/c_138090449.htm

     
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  4. Jura
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    now I read
    Clearing misunderstanding on BRI imperative for China
    Source:Global Times Published: 2019/6/20 22:48:40
    http://www.globaltimes.cn/content/1155109.shtml

     
  5. Jura
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    now I skimmed over
    Activists renew calls for controversial US$50 billion Nicaragua Canal project to be cancelled as Chinese tycoon’s cash runs dry
    • A deal signed between the Nicaraguan government and HKND Group includes a clause which would allow parts of the project to be cancelled this year
    • But human rights advocates worry President Daniel Ortega’s administration may still push for the project, which aims to rival the Panama Canal
    https://www.scmp.com/week-asia/geop...ew-calls-controversial-us50-billion-nicaragua

    (not in the mood for Comrade Noriega)
     
  6. gelgoog
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    gelgoog Senior Member
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    You want a debt trap? Go get money from the IMF. They'll demand you to sell off state assets, change labor laws, cut pensions, etc.
    So far I have seen self-contained attempts by the Chinese when someone can't pay back by either forgiving some of the debt, converting it into a time limited lease of the construction to the Chinese lender, or something like that.

    Seems quite benign as far as lending practices of these volumes go to me.
     
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  7. gelgoog
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    gelgoog Senior Member
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    There are other less expensive proposals. Plus with the trade sanctions it is likely world commerce will decrease.
    This makes another American canal less viable I think.
    What China should do, I think, is fund a canal in South East Asia to bypass Singapore.
    It is too crowded as it is.

    The Japanese also had plans to do such a canal, but then their economy imploded.
     
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  8. Tam
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    Tam Senior Member
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    A new shipping belt --- and probably why China needs to make up with Canada in the long run. Ironically, the US wanting the North West Passage to be declared an International Passageway might be in China's favor. Nonetheless, someone still has to patrol it with planes and ships, otherwise sinking ships would have no rescue available.

    On to the Great White North.

     
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