#debtdiplomacy — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #debtdiplomacy, aggregated by home.social.
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RE: https://sfba.social/@vij/116485979460015908
>> By Cory Doctorow
>> But, thanks to Comrade #Trump, #Pakistan was *first* in line to become the world's #solar capital. The country's LNG terminal - built with Chinese Belt-and-Road money - is now a stranded asset, because no one there needs gas.It is not a stranded asset in China's eyes because a major premise of its #BeltAndRoadInitiative is #DebtDiplomacy by which it preys on borrowers unable to pay back the loans. See #SriLanka.
Here #China's prize is #GwadarPort https://multimedia.scmp.com/news/china/article/One-Belt-One-Road/pakistan.html
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RE: https://sfba.social/@vij/116485979460015908
>> By Cory Doctorow
>> But, thanks to Comrade #Trump, #Pakistan was *first* in line to become the world's #solar capital. The country's LNG terminal - built with Chinese Belt-and-Road money - is now a stranded asset, because no one there needs gas.It is not a stranded asset in China's eyes because a major premise of its #BeltAndRoadInitiative is #DebtDiplomacy by which it preys on borrowers unable to pay back the loans. See #SriLanka.
Here #China's prize is #GwadarPort https://multimedia.scmp.com/news/china/article/One-Belt-One-Road/pakistan.html
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RE: https://sfba.social/@vij/116485979460015908
>> By Cory Doctorow
>> But, thanks to Comrade #Trump, #Pakistan was *first* in line to become the world's #solar capital. The country's LNG terminal - built with Chinese Belt-and-Road money - is now a stranded asset, because no one there needs gas.It is not a stranded asset in China's eyes because a major premise of its #BeltAndRoadInitiative is #DebtDiplomacy by which it preys on borrowers unable to pay back the loans. See #SriLanka.
Here #China's prize is #GwadarPort https://multimedia.scmp.com/news/china/article/One-Belt-One-Road/pakistan.html
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⬆️ @davidaugust
44% duties on #SriLanka, already reeling under Chinese #debtDiplomacy, will drive it even closer to #China.
Same with #Pakistan.
When they get crushed further and default on Chinese loans, #GwadarPort and the port in #Colombo will go to China.
#US is planning to get active in the region, starting with #DiegoGarcia to confront #Iran.
I hope #DUI hires at #Pentagon and brilliant #Harvard grads behind #Project2025 have thought through all of this.
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⬆️ @davidaugust
44% duties on #SriLanka, already reeling under Chinese #debtDiplomacy, will drive it even closer to #China.
Same with #Pakistan.
When they get crushed further and default on Chinese loans, #GwadarPort and the port in #Colombo will go to China.
#US is planning to get active in the region, starting with #DiegoGarcia to confront #Iran.
I hope #DUI hires at #Pentagon and brilliant #Harvard grads behind #Project2025 have thought through all of this.
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⬆️ @davidaugust
44% duties on #SriLanka, already reeling under Chinese #debtDiplomacy, will drive it even closer to #China.
Same with #Pakistan.
When they get crushed further and default on Chinese loans, #GwadarPort and the port in #Colombo will go to China.
#US is planning to get active in the region, starting with #DiegoGarcia to confront #Iran.
I hope #DUI hires at #Pentagon and brilliant #Harvard grads behind #Project2025 have thought through all of this.
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⬆️ As #Africa's #Sahel states push out #US and #EU countries, and as #Russia retrenches itself because of #Ukraine incursions in #Kursk, #China seems to have found a way to elbow into the region.
China is hosting the China-Africa summit Forum on China-Africa Cooperation #FOCAC this week
Chinese #debtDiplomacy is known for inducing African countries to take on crushing debt which it refuses to cancel.
China is also active in Nigerien uranium mining
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⬆️ As #Africa's #Sahel states push out #US and #EU countries, and as #Russia retrenches itself because of #Ukraine incursions in #Kursk, #China seems to have found a way to elbow into the region.
China is hosting the China-Africa summit Forum on China-Africa Cooperation #FOCAC this week
Chinese #debtDiplomacy is known for inducing African countries to take on crushing debt which it refuses to cancel.
China is also active in Nigerien uranium mining
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⬆️ As #Africa's #Sahel states push out #US and #EU countries, and as #Russia retrenches itself because of #Ukraine incursions in #Kursk, #China seems to have found a way to elbow into the region.
China is hosting the China-Africa summit Forum on China-Africa Cooperation #FOCAC this week
Chinese #debtDiplomacy is known for inducing African countries to take on crushing debt which it refuses to cancel.
China is also active in Nigerien uranium mining
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⬆️ Land-locked #Ethiopia wants access to #RedSea via breakaway #Somaliland, thus destabilizing #HornOfAfrica ➡️ https://mastodon.social/@rameshgupta/111811895875355606
Egypt is furious that Ethiopia wants to build a dam over the #Nile. To strengthen its influence in the #Horn, it is aligned with #Somalia who has lost Somaliland
#China wants to ensnare Ethiopia in #debtDiplomacy for influence in the Horn ➡️ https://mastodon.social/@rameshgupta/111811958165391287
So #Turkey supplies drones to both sides in the #Egypt-#Ethiopia conflict
https://apnews.com/article/ethiopia-egypt-somalia-tensions-fe758a2efe35aeaadce57ca4be858bda
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⬆️ Land-locked #Ethiopia wants access to #RedSea via breakaway #Somaliland, thus destabilizing #HornOfAfrica ➡️ https://mastodon.social/@rameshgupta/111811895875355606
Egypt is furious that Ethiopia wants to build a dam over the #Nile. To strengthen its influence in the #Horn, it is aligned with #Somalia who has lost Somaliland
#China wants to ensnare Ethiopia in #debtDiplomacy for influence in the Horn ➡️ https://mastodon.social/@rameshgupta/111811958165391287
So #Turkey supplies drones to both sides in the #Egypt-#Ethiopia conflict
https://apnews.com/article/ethiopia-egypt-somalia-tensions-fe758a2efe35aeaadce57ca4be858bda
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⬆️ Land-locked #Ethiopia wants access to #RedSea via breakaway #Somaliland, thus destabilizing #HornOfAfrica ➡️ https://mastodon.social/@rameshgupta/111811895875355606
Egypt is furious that Ethiopia wants to build a dam over the #Nile. To strengthen its influence in the #Horn, it is aligned with #Somalia who has lost Somaliland
#China wants to ensnare Ethiopia in #debtDiplomacy for influence in the Horn ➡️ https://mastodon.social/@rameshgupta/111811958165391287
So #Turkey supplies drones to both sides in the #Egypt-#Ethiopia conflict
https://apnews.com/article/ethiopia-egypt-somalia-tensions-fe758a2efe35aeaadce57ca4be858bda
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⬆️ 10 weeks ago >> #Pakistan [already crushed under #China #debtDiplomacy] seeks a new long-term #IMF #bailout… When Pakistan defaults on China loans under the audacious #BeltAndRoadInitiative, China’s real prize [would be] Pakistan’s #GwadarPort on #ArabianSea 👀
Seems like that day is closer now. When #ChinaPakistanEconomicCorridor #CPEC was launched in 2015, it was heralded as a game-changer for Pakistan
The plan (part of #BRI) promised to transform Pakistan’s economy
https://www.thestatesman.com/world/pakistan-and-chinese-debt-trap-a-looming-crisis-1503337009.html
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⬆️ 10 weeks ago >> #Pakistan [already crushed under #China #debtDiplomacy] seeks a new long-term #IMF #bailout… When Pakistan defaults on China loans under the audacious #BeltAndRoadInitiative, China’s real prize [would be] Pakistan’s #GwadarPort on #ArabianSea 👀
Seems like that day is closer now. When #ChinaPakistanEconomicCorridor #CPEC was launched in 2015, it was heralded as a game-changer for Pakistan
The plan (part of #BRI) promised to transform Pakistan’s economy
https://www.thestatesman.com/world/pakistan-and-chinese-debt-trap-a-looming-crisis-1503337009.html
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⬆️ 10 weeks ago >> #Pakistan [already crushed under #China #debtDiplomacy] seeks a new long-term #IMF #bailout… When Pakistan defaults on China loans under the audacious #BeltAndRoadInitiative, China’s real prize [would be] Pakistan’s #GwadarPort on #ArabianSea 👀
Seems like that day is closer now. When #ChinaPakistanEconomicCorridor #CPEC was launched in 2015, it was heralded as a game-changer for Pakistan
The plan (part of #BRI) promised to transform Pakistan’s economy
https://www.thestatesman.com/world/pakistan-and-chinese-debt-trap-a-looming-crisis-1503337009.html
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>> Part of why #China is funding #ElectionInterference for #GOP: (1) #taxCuts (2) #fiscalShortfall funded by sale of #debt to China, #SaudiArabia & #Russia
I've noted China brokering #rapprochement between #Iran & #SaudiArabia to derail peace between #ArabLeague & #Israel, and resulting #AxisOfResistance attacks as a precursor to US Election Interference.
Also noted China's #debtDiplomacy ensnaring poorer nations, but this angle of ensnaring #US in debt is new! Thanks!
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>> Part of why #China is funding #ElectionInterference for #GOP: (1) #taxCuts (2) #fiscalShortfall funded by sale of #debt to China, #SaudiArabia & #Russia
I've noted China brokering #rapprochement between #Iran & #SaudiArabia to derail peace between #ArabLeague & #Israel, and resulting #AxisOfResistance attacks as a precursor to US Election Interference.
Also noted China's #debtDiplomacy ensnaring poorer nations, but this angle of ensnaring #US in debt is new! Thanks!
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>> Part of why #China is funding #ElectionInterference for #GOP: (1) #taxCuts (2) #fiscalShortfall funded by sale of #debt to China, #SaudiArabia & #Russia
I've noted China brokering #rapprochement between #Iran & #SaudiArabia to derail peace between #ArabLeague & #Israel, and resulting #AxisOfResistance attacks as a precursor to US Election Interference.
Also noted China's #debtDiplomacy ensnaring poorer nations, but this angle of ensnaring #US in debt is new! Thanks!
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⬆️ #Coup-hit #Niger was betting on a #China-backed oil #pipeline as a lifeline. Then the troubles began.
The linked story below explains why Niger might have revoked the #French company’s uranium mining permit reported above.
With Niger tilting towards #Russia and neighboring #Benin aligned with #France and the #WestAfrican bloc, China has tried to step in and resolve the impasse and benefit from its investment in the project.
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⬆️ #Coup-hit #Niger was betting on a #China-backed oil #pipeline as a lifeline. Then the troubles began.
The linked story below explains why Niger might have revoked the #French company’s uranium mining permit reported above.
With Niger tilting towards #Russia and neighboring #Benin aligned with #France and the #WestAfrican bloc, China has tried to step in and resolve the impasse and benefit from its investment in the project.
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⬆️ #Coup-hit #Niger was betting on a #China-backed oil #pipeline as a lifeline. Then the troubles began.
The linked story below explains why Niger might have revoked the #French company’s uranium mining permit reported above.
With Niger tilting towards #Russia and neighboring #Benin aligned with #France and the #WestAfrican bloc, China has tried to step in and resolve the impasse and benefit from its investment in the project.
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⬆️ #Pakistan presents a budget as it seeks a new long-term #IMF #bailout.
It’s looking for a long-term loan of $6B–$8B from IMF to help stabilize the economy, which in 2023 nearly defaulted on foreign debts.
Re IMF, Pakistan will privatize its national carrier, #PakistanInternationalAirlines, which #China will swoop in on when Pakistan defaults on China loans under #BeltAndRoadInitiative #BRI #debtDiplomacy, but its real prize is Pakistan’s #GwadarPort on #ArabianSea 👀
https://apnews.com/article/pakistan-budget-parliament-imf-7752e501660024e269ce99a423f5a4f4
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⬆️ #Pakistan presents a budget as it seeks a new long-term #IMF #bailout.
It’s looking for a long-term loan of $6B–$8B from IMF to help stabilize the economy, which in 2023 nearly defaulted on foreign debts.
Re IMF, Pakistan will privatize its national carrier, #PakistanInternationalAirlines, which #China will swoop in on when Pakistan defaults on China loans under #BeltAndRoadInitiative #BRI #debtDiplomacy, but its real prize is Pakistan’s #GwadarPort on #ArabianSea 👀
https://apnews.com/article/pakistan-budget-parliament-imf-7752e501660024e269ce99a423f5a4f4
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⬆️ #Pakistan presents a budget as it seeks a new long-term #IMF #bailout.
It’s looking for a long-term loan of $6B–$8B from IMF to help stabilize the economy, which in 2023 nearly defaulted on foreign debts.
Re IMF, Pakistan will privatize its national carrier, #PakistanInternationalAirlines, which #China will swoop in on when Pakistan defaults on China loans under #BeltAndRoadInitiative #BRI #debtDiplomacy, but its real prize is Pakistan’s #GwadarPort on #ArabianSea 👀
https://apnews.com/article/pakistan-budget-parliament-imf-7752e501660024e269ce99a423f5a4f4
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⬆️ #Pakistan better beware of #China's #debtDiplomacy. See what they've done to #SriLanka and #ColomboPort ➡️ https://mastodon.social/@rameshgupta/111969461293745781
#Chinese investment and financial support have been a boon for Pakistan's struggling economy, including rolling over of loans so that it is able to meet external financing needs at a time foreign reserves are critically low.
China has invested over $65 billion under #ChinaPakistanEconomicCorridor as part of its #BeltAndRoadInitiative #BRI
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⬆️ #Pakistan better beware of #China's #debtDiplomacy. See what they've done to #SriLanka and #ColomboPort ➡️ https://mastodon.social/@rameshgupta/111969461293745781
#Chinese investment and financial support have been a boon for Pakistan's struggling economy, including rolling over of loans so that it is able to meet external financing needs at a time foreign reserves are critically low.
China has invested over $65 billion under #ChinaPakistanEconomicCorridor as part of its #BeltAndRoadInitiative #BRI
-
⬆️ #Pakistan better beware of #China's #debtDiplomacy. See what they've done to #SriLanka and #ColomboPort ➡️ https://mastodon.social/@rameshgupta/111969461293745781
#Chinese investment and financial support have been a boon for Pakistan's struggling economy, including rolling over of loans so that it is able to meet external financing needs at a time foreign reserves are critically low.
China has invested over $65 billion under #ChinaPakistanEconomicCorridor as part of its #BeltAndRoadInitiative #BRI
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⬆️ Congressional Research Service has an update on #Chinas's audacious #BeltAndRoadInitiative #BRI
Projects under the initiative advance China's geopolitical and economic
goals while undercutting #US influence and interests (scroll up for more)China is financing projects in more than 100 countries. The scale rivals that of the ENTIRE #WorldBank, but with #debtDiplomacy at its core
All of this happened while America bickered with Newt #Gingrich's #TeaParty and #Trump
https://s3.documentcloud.org/documents/24676046/chinas-one-belt-one-road-initiative-may-16-2024.pdf
⬇️ -
⬆️ Congressional Research Service has an update on #Chinas's audacious #BeltAndRoadInitiative #BRI
Projects under the initiative advance China's geopolitical and economic
goals while undercutting #US influence and interests (scroll up for more)China is financing projects in more than 100 countries. The scale rivals that of the ENTIRE #WorldBank, but with #debtDiplomacy at its core
All of this happened while America bickered with Newt #Gingrich's #TeaParty and #Trump
https://s3.documentcloud.org/documents/24676046/chinas-one-belt-one-road-initiative-may-16-2024.pdf
⬇️ -
⬆️ Congressional Research Service has an update on #Chinas's audacious #BeltAndRoadInitiative #BRI
Projects under the initiative advance China's geopolitical and economic
goals while undercutting #US influence and interests (scroll up for more)China is financing projects in more than 100 countries. The scale rivals that of the ENTIRE #WorldBank, but with #debtDiplomacy at its core
All of this happened while America bickered with Newt #Gingrich's #TeaParty and #Trump
https://s3.documentcloud.org/documents/24676046/chinas-one-belt-one-road-initiative-may-16-2024.pdf
⬇️ -
⬆️
— #BeltAndRoadInitiative purpose has evolved. It now embodies #Xi's global aims.
— #China overlooks #debt and tolerates #corruption in recipient countries.
Actually, corruption is in-built into #BRI contracts to ensnare countries in #Chinese #debtDiplomacy
https://www.gisreportsonline.com/r/what-is-the-future-of-chinas-belt-and-road-initiative/
⬇️
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⬆️
— #BeltAndRoadInitiative purpose has evolved. It now embodies #Xi's global aims.
— #China overlooks #debt and tolerates #corruption in recipient countries.
Actually, corruption is in-built into #BRI contracts to ensnare countries in #Chinese #debtDiplomacy
https://www.gisreportsonline.com/r/what-is-the-future-of-chinas-belt-and-road-initiative/
⬇️
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⬆️
— #BeltAndRoadInitiative purpose has evolved. It now embodies #Xi's global aims.
— #China overlooks #debt and tolerates #corruption in recipient countries.
Actually, corruption is in-built into #BRI contracts to ensnare countries in #Chinese #debtDiplomacy
https://www.gisreportsonline.com/r/what-is-the-future-of-chinas-belt-and-road-initiative/
⬇️
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⬆️ 10 days after #Oct7…
China is throwing a huge party to celebrate one of its biggest experiments in engaging with the world: its #BeltAndRoadInitiative.
#Russian Pres #Putin & #Hungarian PM #Orban have arrived to celebrate the #BRI's 10th anniv.
#Taliban government will also join the august company.
China reaped huge economic benefit in trade, with access to more resources as the BRI's focus widened to include #Africa, #SouthAmerica and #MiddleEast.
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⬆️ 10 days after #Oct7…
China is throwing a huge party to celebrate one of its biggest experiments in engaging with the world: its #BeltAndRoadInitiative.
#Russian Pres #Putin & #Hungarian PM #Orban have arrived to celebrate the #BRI's 10th anniv.
#Taliban government will also join the august company.
China reaped huge economic benefit in trade, with access to more resources as the BRI's focus widened to include #Africa, #SouthAmerica and #MiddleEast.
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⬆️ 10 days after #Oct7…
China is throwing a huge party to celebrate one of its biggest experiments in engaging with the world: its #BeltAndRoadInitiative.
#Russian Pres #Putin & #Hungarian PM #Orban have arrived to celebrate the #BRI's 10th anniv.
#Taliban government will also join the august company.
China reaped huge economic benefit in trade, with access to more resources as the BRI's focus widened to include #Africa, #SouthAmerica and #MiddleEast.
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⬆️ Rethreading…
#SriLanka is reeling from its worst economic crisis.
It declared bankruptcy in April 2022 with more than half of its debt to foreign creditors, largest of which is #China
Sri Lanka Pres. #Wickremesinghe said he has made much progress in economic stabilization & sought help of #Thailand ➡️ https://apnews.com/article/sri-lanka-thailand-free-trade-agreement-2c2606b7ec84c32a8c78b4f6963c68c2
#Chinese-funded #Colombo port city deepen Sri Lanka’s econ woes ➡️ https://www.voanews.com/a/chinese-funded-projects-deepen-sri-lanka-s-economic-woes-/6888652.html
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⬆️ Rethreading…
#SriLanka is reeling from its worst economic crisis.
It declared bankruptcy in April 2022 with more than half of its debt to foreign creditors, largest of which is #China
Sri Lanka Pres. #Wickremesinghe said he has made much progress in economic stabilization & sought help of #Thailand ➡️ https://apnews.com/article/sri-lanka-thailand-free-trade-agreement-2c2606b7ec84c32a8c78b4f6963c68c2
#Chinese-funded #Colombo port city deepen Sri Lanka’s econ woes ➡️ https://www.voanews.com/a/chinese-funded-projects-deepen-sri-lanka-s-economic-woes-/6888652.html
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⬆️ Rethreading…
#SriLanka is reeling from its worst economic crisis.
It declared bankruptcy in April 2022 with more than half of its debt to foreign creditors, largest of which is #China
Sri Lanka Pres. #Wickremesinghe said he has made much progress in economic stabilization & sought help of #Thailand ➡️ https://apnews.com/article/sri-lanka-thailand-free-trade-agreement-2c2606b7ec84c32a8c78b4f6963c68c2
#Chinese-funded #Colombo port city deepen Sri Lanka’s econ woes ➡️ https://www.voanews.com/a/chinese-funded-projects-deepen-sri-lanka-s-economic-woes-/6888652.html
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⬆️ Rethreading…
#China only works with local #elites on its #BeltAndRoadInitiative
Most infrastructure projects are shrouded in mystery, and #corruption is inbuilt, with massive infusion of investments.
The inbuilt corruption is what allows China to bribe local elites and ensnare participating countries in its #debtDiplomacy (eg, #SriLanka, #Thailand, and many countries in #Africa and #GlobalSouth)
In time of need, it is these elites that will come to China's help.
https://www.voanews.com/a/china-and-the-lessons-learned-from-a-decade-of-the-bri-/7301915.html
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⬆️ Rethreading…
#China only works with local #elites on its #BeltAndRoadInitiative
Most infrastructure projects are shrouded in mystery, and #corruption is inbuilt, with massive infusion of investments.
The inbuilt corruption is what allows China to bribe local elites and ensnare participating countries in its #debtDiplomacy (eg, #SriLanka, #Thailand, and many countries in #Africa and #GlobalSouth)
In time of need, it is these elites that will come to China's help.
https://www.voanews.com/a/china-and-the-lessons-learned-from-a-decade-of-the-bri-/7301915.html
-
⬆️ Rethreading…
#China only works with local #elites on its #BeltAndRoadInitiative
Most infrastructure projects are shrouded in mystery, and #corruption is inbuilt, with massive infusion of investments.
The inbuilt corruption is what allows China to bribe local elites and ensnare participating countries in its #debtDiplomacy (eg, #SriLanka, #Thailand, and many countries in #Africa and #GlobalSouth)
In time of need, it is these elites that will come to China's help.
https://www.voanews.com/a/china-and-the-lessons-learned-from-a-decade-of-the-bri-/7301915.html
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#US warns #PapuaNewGuinea about #China's #debtDiplomacy
Dep SecState Richard #Verma warned #PNG that any Chinese commitment in defense or investment ➡️ https://www.reuters.com/world/asia-pacific/china-papua-new-guinea-talks-policing-security-cooperation-minister-2024-01-29/ comes with consequences & high costs.
He said countries in investment arrangements with China have found that it can be a #debtTrap
US & Australia are allies in Pacific & are seeking to deter island nations from forming security ties with China after its security pact with #SolomonIslands in 2022
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#US warns #PapuaNewGuinea about #China's #debtDiplomacy
Dep SecState Richard #Verma warned #PNG that any Chinese commitment in defense or investment ➡️ https://www.reuters.com/world/asia-pacific/china-papua-new-guinea-talks-policing-security-cooperation-minister-2024-01-29/ comes with consequences & high costs.
He said countries in investment arrangements with China have found that it can be a #debtTrap
US & Australia are allies in Pacific & are seeking to deter island nations from forming security ties with China after its security pact with #SolomonIslands in 2022
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#US warns #PapuaNewGuinea about #China's #debtDiplomacy
Dep SecState Richard #Verma warned #PNG that any Chinese commitment in defense or investment ➡️ https://www.reuters.com/world/asia-pacific/china-papua-new-guinea-talks-policing-security-cooperation-minister-2024-01-29/ comes with consequences & high costs.
He said countries in investment arrangements with China have found that it can be a #debtTrap
US & Australia are allies in Pacific & are seeking to deter island nations from forming security ties with China after its security pact with #SolomonIslands in 2022
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#SriLanka celebrates its 1948 independence from #British with #Thai PM #Thavisin
Sri Lanka Pres. #Wickremesinghe said he has made much progress in economic stabilization & sought help of #Thailand ➡️ https://apnews.com/article/sri-lanka-thailand-free-trade-agreement-2c2606b7ec84c32a8c78b4f6963c68c2
Thailand & China recently agreed to waive mutual visa requirements permanently ➡️ https://www.china-briefing.com/news/china-and-thailand-to-waive-visa-requirements-permanently-from-march
#Chinese-funded #Colombo port city deepen Sri Lanka’s econ woes ➡️ https://www.voanews.com/a/chinese-funded-projects-deepen-sri-lanka-s-economic-woes-/6888652.html
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#SriLanka celebrates its 1948 independence from #British with #Thai PM #Thavisin
Sri Lanka Pres. #Wickremesinghe said he has made much progress in economic stabilization & sought help of #Thailand ➡️ https://apnews.com/article/sri-lanka-thailand-free-trade-agreement-2c2606b7ec84c32a8c78b4f6963c68c2
Thailand & China recently agreed to waive mutual visa requirements permanently ➡️ https://www.china-briefing.com/news/china-and-thailand-to-waive-visa-requirements-permanently-from-march
#Chinese-funded #Colombo port city deepen Sri Lanka’s econ woes ➡️ https://www.voanews.com/a/chinese-funded-projects-deepen-sri-lanka-s-economic-woes-/6888652.html
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#SriLanka celebrates its 1948 independence from #British with #Thai PM #Thavisin
Sri Lanka Pres. #Wickremesinghe said he has made much progress in economic stabilization & sought help of #Thailand ➡️ https://apnews.com/article/sri-lanka-thailand-free-trade-agreement-2c2606b7ec84c32a8c78b4f6963c68c2
Thailand & China recently agreed to waive mutual visa requirements permanently ➡️ https://www.china-briefing.com/news/china-and-thailand-to-waive-visa-requirements-permanently-from-march
#Chinese-funded #Colombo port city deepen Sri Lanka’s econ woes ➡️ https://www.voanews.com/a/chinese-funded-projects-deepen-sri-lanka-s-economic-woes-/6888652.html
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>> China's after African resources too.
#Russia, as #China's junior partner could be helping.
China is more interested in maritime trade routes like #ReaSea & it's angling for access to #navalPort that #Ethiopia wants to build on #GulfOfAden in breakaway #Somaliland.
China is known for its #debtDiplomacy, getting countries to borrow money for infrastructure and then bankrupt them.
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>> China's after African resources too.
#Russia, as #China's junior partner could be helping.
China is more interested in maritime trade routes like #ReaSea & it's angling for access to #navalPort that #Ethiopia wants to build on #GulfOfAden in breakaway #Somaliland.
China is known for its #debtDiplomacy, getting countries to borrow money for infrastructure and then bankrupt them.
-
>> China's after African resources too.
#Russia, as #China's junior partner could be helping.
China is more interested in maritime trade routes like #ReaSea & it's angling for access to #navalPort that #Ethiopia wants to build on #GulfOfAden in breakaway #Somaliland.
China is known for its #debtDiplomacy, getting countries to borrow money for infrastructure and then bankrupt them.