On Wed, Jun 12, 2024 at 03:01 PM, David Walters wrote: > > Chinese investments tend to be investments in real physical development > (railroads, roads, mines, housing, schools, etc)...
Regarding most of the projects David lists, China's "policy banks [China Development Bank (CDB) and Export-Import Bank of China (China Exim)] encourage developing-country governments to take on large debts supported by collateralized revenue streams." (emphasis added. Muyang Chen, The Latecomer’s Rise: Policy Banks and the Globalization of China's Development Finance. 2024. Cornell University Press) That is, the roads are often toll roads. At an operating railroad that China built, revenue passes through a Chinese office on the scene. And so on. -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#30746): https://groups.io/g/marxmail/message/30746 Mute This Topic: https://groups.io/mt/106638208/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
