Latest Trades
jc12345OPENLONG$22.310VENTURE CORPORATION LIMITED
jc12345OPENLONG$29.290DBS GROUP HOLDINGS LTD
jc12345CLOSEDSHORT0.41%VENTURE CORPORATION LIMITED

Is China's Belt and Road working? ...
#1
Laughing
Key findings include:

Project delays After initial fanfare, projects sometimes experience serious delays. In Indonesia, construction on a $6 billion rail line is behind schedule and costs are escalating. Similar problems have plagued projects in Kazakhstan and Bangladesh.

Ballooning deficits Besides Pakistan, concerns about owing unmanageable debts to Beijing have been raised in Sri Lanka, the Maldives and Laos.

Sovereignty concerns In Sri Lanka, China's takeover of a troubled port has raised questions about a loss of sovereignty. And neighboring India openly rejects the BRI, saying China's projects with neighboring Pakistan infringe on its sovereignty.

Mushtaq Khan, an economist and former chief economic adviser at the State Bank of Pakistan, acknowledges that the country's debt to China is rising. But he says Beijing "cannot afford" to bankrupt Pakistan -- in part because of the country's importance as a counterweight to India, a regional rival of China's.

"China's primary interest in Pakistan is geopolitical rather than strictly economic, and therefore, for China, repayment of the debt burden will be secondary to maintaining a good political and economic relationship with Pakistan," he said.

https://asia.nikkei.com/Spotlight/Cover-...-countries

[Image: RdbdBwP.jpg]
[Image: 2dtrb6v.jpg]
[Image: 20r9tll.jpg]
Quote
Users browsing: 1 Guest(s)


Forum Jump: