For better or worse, U.S. suspicions about China's ambitions are playing out far beyond the confines of Africa. Chinese companies are building or financing power plants in Pakistan and Kyrgyzstan, managing a port in Greece and launching railway projects in Thailand and Tajikistan, with aggressive plans to continue its expansion into Latin America.Already, there are cautionary tales, critics say.In Sri Lanka, the former president suffered a surprise election defeat in 2015 after his opponent criticized him for running up some $5 billion in debt to China to fund construction. In December, Sri Lanka's government sold an 80 percent stake in the port in Hambantota to a Chinese state-owned company after falling behind in repaying $1.5 billion borrowed to build it.
In Africa, some of the China-funded roads have started to crumble, the U.S. has said, due to shoddy construction.
I think the main question is how important that "state-owned" part is. Besides that it sounds like capitalism as usual.
Page created in 0.045 seconds with 41 queries.