Comments by "Arabic Reja" (@ArabicReja973) on "Hindustan Times"
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Too many enemies?
Why did China ๐จ๐ณ put the territories of the following countries into its maps?
India ๐ฎ๐ณ, Japan ๐ฏ๐ต, Taiwan ๐น๐ผ, Vietnam ๐ป๐ณ, the Philippines ๐ต๐ญ, Malaysia ๐ฒ๐พ, Brunei ๐ง๐ณ, Indonesia ๐ฎ๐ฉ, Bhutan ๐ง๐น, Russia ๐ท๐บ, Tibet, East Turkistan, Yunnan, and Mongolia.
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Facts about Chinese ๐จ๐ณ debt-trap loans to Sri Lanka that also apply to any BRI project:
- China was never transparent about its BRI loans.
- third highest, at 10%, among Sri Lanka's $51 billion foreign debts.
- Chinese annual interest is at 3.3%, 5 times higher than Japanese loans.
- Among all loans, Chinese loans must be paid first.
- Chinese loans are not money, they are construction debt.
- The loans must have collateral such as mines, seaports, etc.
- Most BRI projects China developed are useless but may be useful for the Chinese military.
- Chinese workers, mostly men unable to marry in China, are transported to Sri Lanka for BRI projects.
- China took the Hambantota seaport for 99 years amid Sri Lanka's unable to pay.
- unable to pay, Sri Lanka asked lenders for renegotiation. All responded, except China.
- When Sri Lanka tried to import necessities, China blocked it because of unpaid debts.
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