Chinese trap. The Chinese have a lot of spare financial resources to spare and entice They therefore entice countries like Sri Lanka, Maidives Malaysia Pakistan offering loans with interests THEY finance projects like buildings, ports airports, roads bridges and other grandiose projects that look very attractive These projects seem indirectly to connect China thro these countries by land ,water and air.and secretly favour expansionists plans without firing a shot. These projects have long gestation periods and countries in the short term cannot pay the interest and hence they take possession of assets created by them in return.Thus indirectly they own a part of the country. IT also means employment for their vast army of skilled citizens, who have the specific skills.It is akin to landlords extending loans and then taking back in the form of bonded labour or confiscation of their properties on default. Sri Lanka at the moment is in serious economic crisis of unprecedented nature PAKISTAN may be the next in line As it is said there is no free lunch or free ride.It comes always with a hidden costs Chinese are extended grip over countries without conquering or war or a fight very sweetly thro loans the interest burden due is the well laid out trap of subjugation The productivity and revenue generation of the projects must be studied and their gestation period
Nelson Lopes Chinchinim.
