China won’t admit to it, but it’s hurting.
I saw or read a report last week about China’s big plan to build a highway system for European Trade.
It’s dead in the water, and that might be the real reason for this pullout.
The Cornoavirus has hurt them financially. They weren’t all that rosy before hand due to tariffs.
I didn’t mean to imply the Coronavirus was the reason for the highway plan to fail. I just think it’s one more reason why that it won’t happen.
The problem with the Chinese in these places is that anyone else invest in local development and employs local people.
The Chinese are even bringing their own workers who aren’t even coming to local bars.
They are living in their company towns and don’t buy from locals.
RE: I didn’t mean to imply the Coronavirus was the reason for the highway plan to fail. I just think it’s one more reason why that it won’t happen.
There is also a method to their madness.
This is all part of China’s Belt and Road Initiative — an ambitious programme to connect Asia with Africa and Europe via land and maritime networks along six corridors with the aim of improving regional integration, increasing trade and stimulating economic growth.
The only problem China has ( which probably is NOT a problem but part of a wider plan ) is that a lot of these projects are funded with CHINESE MONEY. Many of these countries that joined the programme have corrupt governments that pocket a lot of these funds and approve the projects without considering their viability.
When they cannot pay back their loans to China, there is a stipulation that they give up control of certain resources to China ( e.g., a port, a railway, a mining resource, etc. ).
Many locals already take note of this and are very unhappy with their country’s resources being taken over by China.
The scumbag communist party is being exposed to the world. Now their own people hate thrm. All 1.5 billion of them
Good luck maintaining power. Communist scum.
I say eat shifts and die !
The Chinese Railway is building new bridges and tracks in Laos and Thailand.
Two weeks ago I was going down the Mekong River by boat and took a photo of a huge Chinese bridge construction project in Laos. I put the photo on my facebook page and it was immediately deleted by the government censors.