Go Back   Professional Soldiers ® > Area Studies > Asia

Reply
 
Thread Tools Display Modes
Old 09-20-2020, 03:36   #1
Pete
Quiet Professional
 
Pete's Avatar
 
Join Date: Feb 2005
Location: Fayetteville
Posts: 13,080
Maldives Could Relinquish Control Of An Island As Chinese Loan & Pressure Mounts?

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...........
Pete is offline   Reply With Quote
Old 09-20-2020, 09:03   #2
JJ_BPK
Quiet Professional
 
JJ_BPK's Avatar
 
Join Date: Apr 2008
Location: 18 yrs upstate NY, 30 yrs South Florida, 20 yrs Conch Republic, now chasing G-Kids in NOVA & UK
Posts: 11,901
Quote:
Originally Posted by Pete View Post

"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
__________________
Go raibh tú leathuair ar Neamh sula mbeadh a fhios ag an diabhal go bhfuil tú marbh

"May you be a half hour in heaven before the devil knows you’re dead"
JJ_BPK is offline   Reply With Quote
Old 09-20-2020, 09:14   #3
mark46th
Quiet Professional
 
mark46th's Avatar
 
Join Date: Sep 2007
Location: Orange, Ca.
Posts: 4,941
Ah, the old Financial Blackmail trick...
mark46th is offline   Reply With Quote
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
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT -6. The time now is 11:33.



Copyright 2004-2022 by Professional Soldiers ®
Site Designed, Maintained, & Hosted by Hilliker Technologies