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Title : China Is Financing Megaprojects Around The World
link : China Is Financing Megaprojects Around The World
China Is Financing Megaprojects Around The World
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Zero Hedge: Visualizing How Chinese Financing Is Fueling Megaprojects Around The World
On a mountaintop a few miles north of the bustling streets of Harare, Zimbabwe, a curving, modern complex is beginning to take shape. This building, once completed, will be the home of the African country’s parliament, and the centerpiece of a new section of the capital city.
Aside from the striking design, Visual Capitalist's Nick Routley notes that there’s another unique twist to this development - the entire $140 million project is a gift from Beijing. At first glance, gifting a country a new parliament building may seem extravagant, but the project is a tiny portion of China’s $270 billion in “diplomacy spending” since 2000.
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WNU Editor: China is expecting a return on these investments. The problem that I foresee is that it is going to take years for these countries to pay these debts off (if ever).
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(Click on Image to Enlarge)
Zero Hedge: Visualizing How Chinese Financing Is Fueling Megaprojects Around The World
On a mountaintop a few miles north of the bustling streets of Harare, Zimbabwe, a curving, modern complex is beginning to take shape. This building, once completed, will be the home of the African country’s parliament, and the centerpiece of a new section of the capital city.
Aside from the striking design, Visual Capitalist's Nick Routley notes that there’s another unique twist to this development - the entire $140 million project is a gift from Beijing. At first glance, gifting a country a new parliament building may seem extravagant, but the project is a tiny portion of China’s $270 billion in “diplomacy spending” since 2000.
Read more ....
WNU Editor: China is expecting a return on these investments. The problem that I foresee is that it is going to take years for these countries to pay these debts off (if ever).
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