Posted on 04/18/2020 8:55:45 PM PDT by Olog-hai
The coronavirus pandemic, which began in China and has sickened over 2 million people globally, is threatening to derail one of the country’s most ambitious projects yet — the Belt and Road Initiative (BRI) — dealing a major blow to Beijing’s aspirations to become a great power.
The outbreak that has claimed more than 140,000 lives worldwide is prompting delays and disruptions at BRI projects which rely heavily on Chinese labor and supplies, as lockdowns and other sweeping measures to contain the virus prevent workers and supplies from reaching building sites.
Projects worth billions have been hit in Indonesia, Cambodia, Malaysia, Sri Lanka and Pakistan.
Beijing’s global ambitions could be further hurt by domestic economic troubles being stirred by the pandemic, which are likely to limit the ability of Chinese financial institutions to splurge on overseas projects as they weigh between spending on domestic health and economic recovery and making loans abroad, said a report by New York-based consultancy Rhodium Group.
Chinese lenders’ appetite for outbound lending could also be limited by an “avalanche of [debt] renegotiation” that appears imminent amid the COVID-19 economic shock, it added. …
(Excerpt) Read more at dw.com ...
This is the beginning of the downfall of the Chinese Communist Party.
(Actually Trump’s election was.)
Aspirations? They pretty much already are, and they can hoist virus upon virus upon the planet, f*ck it over, and laugh their asses off while not a damn thing will be done to ever punish them sufficiently.
The only thing the Chicoms understand is the smoking end of a missile silo.
I would anticipate nations struck by Wuhan Coronavirus Nationalizing Chinese investments in their countries as well as seizing Chinese assets as a means of recovering damages due to the virus.
Most of the nation’s around the world will have no problem doing this, if done on a large scale and trade with China contracts, China could see an economic meltdown of incredible proportions.
Would probably lead to massive civil unrest on the mainland.........
We shall see.
If CCP is smart, they would can Xi Jinping and put in somebody new as they try to salvage their trading relations with the West.
CarOwner is spot on. China is evil.
They’ll come through in Pakistan.
Pak doesn’t care who dies.
It’s China’s biggest aim too.
No “downfall”.
Actually China’s best move is to increase it’s internal market. Which the outbreak will encourage them to do.
China’s wasted a lot of money on expansion that it should have used for it’s own development.
How about shoving those screaming ambitions in a coffin and making that 1:00am trip to the crematorium.
Totalitarian @#$%^&*ers!
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