The biggest problem with the BRI initiative as sold by China, is it puts money in the hand of the least trusted entity with developing economies. The Government.
China for certain, knows that the optimistic promise of the BRI initiative will be met, and that they are trading long term debt with strong political influence.
What happened in Srilanka should be a warning to any other country intending to enter BRI.
There is a reason these countries would never start these projects without outside support. It is because, within the framework that the country operates, such a project will objectively speaking, never be profitable.
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