Colombia signs up to China's Belt and Road Initiative – DW
https://www.dw.com/en/colombia-signs-up-to-chinas-belt-and-road-initiative/a-72534659
Posted by Substantial-Text-299
Colombia signs up to China's Belt and Road Initiative – DW
https://www.dw.com/en/colombia-signs-up-to-chinas-belt-and-road-initiative/a-72534659
Posted by Substantial-Text-299
2 comments
So China wants to throw more money into the busted project? Let them, it’s not like it’s really going help them in the end and Columbia gets some free crap
Someone should tell them how a rounding succes it was in Sri Lanka. Not only they went bankrupt because of it, they even lost their biggest port to the Chinese!
2022:
[Sri Lanka’s China ‘debt trap’ fears grow as Beijing keeps investing](https://asia.nikkei.com/Spotlight/Asia-Insight/Sri-Lanka-s-China-debt-trap-fears-grow-as-Beijing-keeps-investing)
2024:
[Game of Loans: How China Bought Hambantota](https://www.csis.org/analysis/game-loans-how-china-bought-hambantota)
“Unable to repay its debt, Sri Lanka gave China a controlling equity stake and a 99-year lease”
You’ve got to wonder why no one except China wants to give unpayable loans to countries such as Sri lanka when they know they won’t be able to repay the debt with interest.
Oh wait, it was their plan all along.
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