Chinese so called ''non interference policy'' is just a hogwash. China pull ahead this ''non interference policy'' only when there is a question of taking a right stand in international affairs. otherwise they interfere very enthusiastically to prop up the autocratic dictatorship around the world by helping them with it's unlimited supply of cash, weapons and diplomatic supports. Isn't these are 'interference' in favor of despotic regimes?
Just yesterday Malaysian PM Mahathir Mohammad warned Philippines President about the Chinese debt trap. Many African countries are also waking up to the realities of Chinese debt trap laden neo-colonialism. Those who simplify the logic that, ''US is evil, so whoever oppose it are inherently good, so China is good'' are simply delusional. Every country need to be careful dealing with Chinese money. China do not care about transparency at handing out large amount of debt to the corrupt, despotic govt. in exchange of it's natural resources or strategic infrastructures. In these cases, only the common people of those countries are going to loose when payback times come.China may be a big power, but it is not a responsible power. It do not care about world peace and prosperity, only about it's narrow national interests.
So, our relation should be strictly economical with China and every Chinese project need a lot of scrutiny by the govt., civil society and media.
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HAMBANTOTA, Sri Lanka — Every time Sri Lanka’s president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes.
Yes, though feasibility studies said the port wouldn’t work. Yes, though other frequent lenders like India had refused. Yes, though Sri Lanka’s debt was ballooning rapidly under Mr. Rajapaksa................................................
................................................................Determined to keep expanding the port, Mr. Rajapaksa went back to the Chinese government in 2012, asking for $757 million.
The Chinese agreed again. But this time, the terms were much steeper.
The first loan, at $307 million, had originally come at a variable rate that usually settled above 1 or 2 percent after the global financial crash in 2008. (For comparison, rates on similar Japanese loans for infrastructure projects run below half a percent.)
But to secure fresh funding, that initial loan was renegotiated to a much higher 6.3 percent fixed rate. Mr. Rajapaksa acquiesced.
The rising debt and project costs, even as the port was struggling, handed Sri Lanka’s political opposition a powerful issue, and it campaigned heavily on suspicions about China.
Mr. Rajapaksa lost the election.
The incoming government, led by President Maithripala Sirisena, came to office with a mandate to scrutinize Sri Lanka’s financial deals. It also faced a daunting amount of debt: Under Mr. Rajapaksa, the country’s debt had increased threefold, to $44.8 billion when he left office. And for 2015 alone, a $4.68 billion payment was due at year’s end.
https://www.nytimes.com/2018/06/25/world/asia/china-sri-lanka-port.html
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Sri Lanka leased out its useless $210 million Mattala airport to India for 40 years for $300 million. They leased out useless Hembantota Port to the Chinese for 99 years for about $1.4 billion. In the process they have an Airport and Sea port for no money that failed every feasibility study ! India has access to a foreign airport which it controls and China has a port where its Submarines docked a few months ago !
If anyone is to be blamed for these deals it is the prior Sri Lankan Government. That government believed if you build they will come kinda thing which did not turn out that way while taking out these loans.
