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This comment would have been more accurate a year or two ago. But with the Belt and Road Initiative struggling to deliver on many of its infrastructure project
by threeseed 6y ago
This comment would have been more accurate a year or two ago.
But with the Belt and Road Initiative struggling to deliver on many of its infrastructure projects countries are increasingly reluctant to get back into bed with China. More so now that the world has seen what happens if you don't bow down to China's every demand i.e. Australian style economic blackout.
My point still stands that if I was a fab right now I would be far more attracted to the growth prospects of US/EU companies than Chinese ones.
- FooBarWidget 5y agoWhat do you make of RCEP then?
- eunos 5y ago>Belt and Road Initiative struggling I've seen this narrative along with CPEC failure, but is it? Considering that US wants to join the infrastructure development game indicates it unlikely.
- threeseed 5y agoIt's struggling because of poor management, mismatch in goals and debt-trap style financing. Countries are looking at what happened in places like Sri Lanka [1] and pulling out. https://www.nytimes.com/2018/06/25/world/asia/china-sri-lanka-port.html https://www.nytimes.com/2018/06/25/world/asia/china-sri-lank...