China Holds All The Cards: Pandemic Pushes African Countries To Default On Loans – Analysis
Closer to home...
"That said, we recently saw a glimpse of one possible route open to Chinese lenders faced with default. In early September Laos’s state-owned electricity company announced a new shareholding deal with China Southern Power Grid, negotiated to forestall default on a loan for a hydroelectric plant. The small Southeast Asian country had invested heavily in becoming a regional electricity supplier, but Covid-19’s impact on tourism and remittances has pushed it into debt distress. The deal creates a new company with China Southern as the majority shareholder, essentially putting it in control of Laos’s national power grid. It stipulates that the power grid will operate under Laotian government regulation and allows Laos to reacquire shares over time, but this is unlikely to comfort those worried about a loss of sovereignty."
https://www.eurasiareview.com/02102020- ... -analysis/
China's Belt & Road (and colonization by stealth)
Re: China's Belt & Road (and colonization by stealth)
China's fishing
Extract: China hauls in 15.2 million tonnes of marine life annually, or 20 per cent of the World's catch.
https://www.abc.net.au/news/2020-12-19/ ... s/12971422
https://www.reuters.com/article/us-nort ... SKCN24O09Q
pipoz4444
Extract: China hauls in 15.2 million tonnes of marine life annually, or 20 per cent of the World's catch.
https://www.abc.net.au/news/2020-12-19/ ... s/12971422
https://www.reuters.com/article/us-nort ... SKCN24O09Q
pipoz4444
That's one small step for a man, one giant leap for mankind.
Re: China's Belt & Road (and colonization by stealth)
Given that 18.5 % of the worlds population lives there, the figures are not really that shocking.pipoz4444 wrote: ↑December 19, 2020, 5:55 pmChina's fishing
Extract: China hauls in 15.2 million tonnes of marine life annually, or 20 per cent of the World's catch.
Chinas Fishing Fleet.jpg
https://www.abc.net.au/news/2020-12-19/ ... s/12971422
https://www.reuters.com/article/us-nort ... SKCN24O09Q
pipoz4444