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To: SeekAndFind

Fraud, over billing and kickbacks seem to be built into Belt and Road projects favoring China.

https://asia.nikkei.com/Spotlight/Belt-and-Road/Belt-and-Road-projects-in-limbo-as-Bangladesh-cuts-budgets

and https://www.easybranches.com/crime/robbery/9700282 “...According to media reports, the government of Prime Minister Sheikh Hasina found that Chinese companies were charging three times the normal price for construction, and slashed $5.72 billion from the China-funded Akhaura-Sylhet and Joydebpur-Ishwardi railway projects that are part of the BRI agreement signed between the two countries...”

The main conditions of the contract with China required that the contractors of the railway construction be selected by the Chinese government, and the government of Bangladesh pay for land acquisition, resettlement of locals, and worker wages. The Chinese government pays construction costs, which account for about 80 percent to 85 percent of the total cost of the projects...”


15 posted on 07/04/2021 11:50:06 AM PDT by WellyP (question!)
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To: WellyP

Here’s another article: https://www.dailymail.co.uk/news/article-9753455/Road-Montenegro-1-billion-pocket-China-botched-270-mile-highway.html

China is running out of cheap raw materials and they needs poor countries more than the poor countries need China, the poor countries are starting to figure it out.

I can see countries telling China to stuff it, nationalizing everything the Chinese have touched, putting the Chinese in a minority ownership position and if the Chinese refuse I think we will see small countries booting the Chinese.

I can also see this being done as a form of REPARATION for the Chinese virus.


16 posted on 07/04/2021 12:05:58 PM PDT by WellyP (question!)
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