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China is building major buildings in many other countries -- They're sometimes offered as "gifts". Makes you wonder what they expect in return..
by NatW 14y ago
China is building major buildings in many other countries -- They're sometimes offered as "gifts". Makes you wonder what they expect in return..
- DominikR 14y agoI suppose they expect good business relations in the future, like access to natural resources. What else could possibly come to mind? Sounds like a win-win situation to me. One side needs infrastructure badly and the other natural resources.
- ajays 14y agoFrom the article: Kilamba was financed by a Chinese credit line - which Angola is repaying with oil - so it has technically been paid for. But if the houses go unsold, then the Angolan government will be left with stock on their hands and a potentially wasted investment. So it's not a 'gift' per se. It's more like a bribe, to fulfill the president's promise of 1M new apartments. By pricing these at $120K each, China can extract a _lot_ of minerals from Angola.