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| China-Japan-Koreas |
| China’s Belt and Road Faces Growing Opposition From Participating Countries as Debts Mount |
| 2021-10-06 |
| [EpochTimes] China’s Belt and Road Initiative (BRI) is facing growing opposition from participating countries as their debts associated with Chinese projects mount, according to a recent study. Launched in 2013 by Chinese leader Xi Jinping, the BRI might be losing its impetus due to a debt-based backlash, according to a study from AidData, a research lab at William & Mary’s Global Research Institute. The study analyzed 13,427 projects backed by China in more than 165 countries over 18 years. The projects’ total value amounts to $843 billion. |
| Posted by:trailing wife |
| #3 They are just further along in playing the Modern Monetary Theory game that says money comes from a printer at a central bank, there's no limit to how much you can spend. Our politicians are feverishly racing to catch up. |
| Posted by: M. Murcek 2021-10-06 14:22 |
| #2 Has the Middle Kingdom over extended itself in such worldwide ambitions and expenses, and can it afford the worsening impact of taking on Taiwan at a time when it needs the foreign devils money more than ever? Or does Xi need a foreign war to quell internal disorders and meet his ego needs for matching Mao's legacy? Inquiring minds want to know! |
| Posted by: NoMoreBS 2021-10-06 13:42 |
| #1 Easy out - default on the loans, just like Evergrande's gonna do. |
| Posted by: Raj 2021-10-06 01:41 |