Comments by "jacq danieles" (@jacqdanieles) on "China's Overseas Bailouts!" video.

@kaimanyu586 in principle, yes, infrastructure is useful. But often the reality can be different. Look up the SGR project in Kenya. Here's 1 article that highlights the pitfalls: "China fines Kenya $10m for defaulting on SGR loans" - The East African
13
@Confucius_Says... I could be wrong, but as far as I know, projects built in the colonies prior to independence did not end up indebting the newly independent nations. Do you have specific examples?
10
@iannordin5250 Sri Lanka is a good example of the evidence you seek. Zambia is another.
4
A good starting point would be the Standard Gauge Railway (SGR) built in Kenya. It was deemed by the World Bank as unviable. But it went ahead at a higher cost per mile than a similar railway in neighboring Ethiopia & Tanzania. The railway was supposed to go from the coast to the Ugandan border. After 2 phases, the project was halted & the remaining leg still relies on the colonial-era narrow gauge rail. Net result is a multi-billion $ debt & a project that loses money. This outcome was evident to the average person prior to the project. Investment projects in Zambia also bear scrutiny.
3
@Kingzombiemyanmar Ukraine doesn't want or need ruzzia to colonize it. Imperialism died in the 20th century.
2
@iannordin5250 "small portion"? You mean 1/5th? "In total, Sri Lanka owed Chinese lenders $7.4 billion, or nearly a fifth of public external debt, by end-2022, calculations by the China Africa Research Initiative showed."
2