4 ms·
The Sri Lanka case is the only credible case of "infrastructure seized by China because of insolvency"...but the media has used it to spread lots of fake storie
by niyikiza 8y ago
The Sri Lanka case is the only credible case of "infrastructure seized by China because of insolvency"...but the media has used it to spread lots of fake stories about "China taking over Africa".
- tim333 8y agoGlancing at the Wikipedia article the port wasn't exactly seized due to insolvency. There was a debt for equity swap on 70% of the port and then China agreed to pay $1.4bn for a 99 year lease on the port and some surrounding land.