Maldives Could Relinquish Control Of An Island As Chinese Loan & Pressure Mounts?

[Pete]

Maldives Could Relinquish Control Of An Island As Chinese Loan & Pressure Mounts?

https://eurasiantimes.com/maldives-c...essure-mounts/

Flanking move on India by China? Moving China closer to Africa?

Loan a country so much money they can't pay you back so you take land as payment?

"The Maldives government is now alarmed at the amount of debt it owes to China. With the coronavirus pandemic, the tourism-dependent islands are now finding it difficult to repay the Chinese debt that the previous government took....."

China says no but...........

[JJ_BPK]

Originally Posted by Pete

"The Maldives government is now alarmed at the amount of debt it owes to China. With the coronavirus pandemic, the tourism-dependent islands are now finding it difficult to repay the Chinese debt that the previous government took....."

How to win the war without firing a single shot??
Scary

[mark46th]

Ah, the old Financial Blackmail trick...

[Texas_Shooter]

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.