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News & Cases

New Study Paper: China's Great Game of Loans & Debts in the Indian Ocean

 

Beijing’s strategy in Pakistan, Bangladesh, Myanmar and the Maldives follows a similar pattern – China will lend money to develop much needed infrastructure, which the debtor nation is eager to accept, yet China will provide a Chinese state-owned contractor, a Chinese workforce, and a Chinese majority shareholder. The debtor nation is not likely to see a share of the profit for a prolonged time; first, millions (if not billions) of US dollars will have to be repaid and so far, most of these projects are either still in the works or, if completed, are not providing the financial turnout that was promised.

 

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