Jump to content

China vaddi vyaparam


kakatiya

Recommended Posts

For Pakistan, a grim reminder from Sri Lanka: China gives loan, then grabs land

 


China's strategy to grab land in smaller, less-developed countries is simple: it gives them loans on high rates for infrastructural projects, gets equity into projects, and when the country is unable to repay the loan, it gets ownership of the project. The Hambantota deal is an example of this strategy. 

The huge loan of more than $50 billion for building CPEC in Pakistan could spell doom for an already faltering Pakistani economy—and can finally turn into a Sri Lanka-like situation. Unable to repay the loan, Pakistan will have to give control of its land to China

Link to comment
Share on other sites

China has 2 major benefits as well with that Highway. One he can ship his exports in shorter time through Pakistan, and another he can maintain the strong hold on Asian counties, specially when they are seeing India as a growing power.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...