View Single Post
Old 09-20-2020, 11:24   #4
Texas_Shooter
SF Candidate
 
Join Date: Dec 2010
Location: Southeast Texas
Posts: 156
Finance

I am a finance major and even I know that you need to do a cost-benefit analysis before taking on this kind of debt or any debt for that matter. You need to spend money to make money but you aren't making enough money from the project to pay the loans sometimes even the interest. Plus one of the stipulations placed in these infrastructure loans is that they have to use Chinese construction companies and personnel. The local inhabitants don't even benefit from the wages. Money flows from China and then right back to China.

China has been doing this for years. These countries have been ignoring the signs from all the other debt laden countries around the Eastern Hemisphere. BRI is a land grab, a way to get their foot in the door to the emerging economies of Africa.
Texas_Shooter is offline   Reply With Quote