China Tells Sri Lanka: We Want Our Money, Not Your Empty Airport

[DarX]

Neither the website not the author is Indian, only guy anxious / obsessed with India here is you

Awww.. Love it when Indians act all naive and uninformed..

 

[Saradiel]

Let me clarify this.

Sri Lanka was not in a severe debt situation. But when the current government came to power they increased government sector salaries and created a crisis themselves. The increase in government salaries increased our aggregate demand and imports increased. Hence government has created a problem with its shortsighted policies.

This government could not control the dollar ate and got loans to pay the increase in salaries. Due to this, our debt increased.

Loans from China

Our debt to China is just around 8% of all our national debt. This so-called china debt trap is totally an indian media made up story. If we are in a severe debt situation that is thanks to the mismanagement of this new stupid government.

Hambanthota airport.

Hambanthota is SL’s first planned city and the air port was built along with the port. It has a future plan. And we need it to be completed to see the results.

Current government naturally shows MR’s investments in bad light due to political reasons. And they too want this to be failed. And yes the government is trying to sell this airport to china by force giving them 15000 acres of land against the peoples’ opinion.

 

[kris]

Let me clarify this.

Sri Lanka was not in a severe debt situation. But when the current government came to power they increased government sector salaries and created a crisis themselves. The increase in government salaries increased our aggregate demand and imports increased. Hence government has created a problem with its shortsighted policies.

This government could not control the dollar ate and got loans to pay the increase in salaries. Due to this, our debt increased.

Loans from China

Our debt to China is just around 8% of all our national debt. This so-called china debt trap is totally an indian media made up story. If we are in a severe debt situation that is thanks to the mismanagement of this new stupid government.

Hambanthota airport.

Hambanthota is SL’s first planned city and the air port was built along with the port. It has a future plan. And we need it to be completed to see the results.

Current government naturally shows MR’s investments in bad light due to political reasons. And they too want this to be failed. And yes the government is trying to sell this airport to china by force giving them 15000 acres of land against the peoples’ opinion.

Wow
Increased employee salaries led to more imports and so the current crisis!
I am amused.
How much percent did the govt hike.
Every where in world more the salaries the buying power increased and more money in to local markets unless they are buying everything from foreign market

Chinese debt trap- you said debt to Chinese is 8% of SL total debt
Any stats would be pleasing.
The unproductive infra projects is the reason for your current problem

You said current govt is going against people's opinion - do you have any better solutions. That's why it's called a trap

 

[Rollno21]

I think India should help SL here

 

[illusion8]

A million Man SEZ in a small country?

Were these fancy projects, including Hambantota and the airports properly vetted? were feasibility studies done?

These look like ponzy schemes that have no touch with reality.

 

[Offshore]

I think India should help SL here

how?? by paying their debt?

 

[Rollno21]

how?? by paying their debt?

Yes,we can work on that too .we can't let our neighbors be robbed in broad daylight ,can we

 

[Mufflerman]

I think India should help SL here

No. Let SL be an example for all China lackeys. But the next time a Chinese naval vessal enters SL port, light it up.

 

[gslv mk3]

So Pakistan is making real progress for the long term, while India is making empty claims and glamorous plans.

With what ? Beta, even in case of power plant projects (which you claim to be the flagship program of CPEC) India is clearly ahead, adding your installed power capacity every year while already having nearly double your per capita energy consumption.

And we are already investing billions into making of a new industrial corridor with a heavy haul railway as it's backbone.

And do I remind you of the FDI you receive annually ?

 

[karl wang]

Weird, this is a militory forum, now you post a thread about loan. If the loan comes form India or Japan or US, will you get a new conculsion? It seems it's just a commercial project.
Sometimes, I think some indian's mind is twisted, and they will object everything just because China.

 

[HariVamsha]

how?? by paying their debt?

By making sure that such unfair debt's need not be paid

Or did you really think SL was going to let you bleed itself dry ?

A million Man SEZ in a small country?

Were these fancy projects, including Hambantota and the airports properly vetted? were feasibility studies done?

These look like ponzy schemes that have no touch with reality.

It is a ponzy scheme.

China has too much money in the bank, but no place to invest it. So in effect, all that money becomes useless.

That is why they are forced to go in for grand schemes like OBOR and look into investing in SL and Africa and hope that they can use their military strength to force these countries to pay hefty interests on that money.

Its loan sharking on an international scale.

Its going to be a fun ride.

 

[karl wang]

By making sure that such unfair debt's need not be paid

Or did you really think SL was going to let you bleed itself dry ?




It is a ponzy scheme.

China has too much money in the bank, but no place to invest it. So in effect, all that money becomes useless.

That is why they are forced to go in for grand schemes like OBOR and look into investing in SL and Africa and hope that they can use their military strength to force these countries to pay hefty interests on that money.

Its loan sharking on an international scale.

Its going to be a fun ride.

Dude, you really don't understand what is OBOR. China has developed a horriable productive ability more than the need of our doemstic market. So we need help the world to develop theirs infrastructure and comsume our ability. If those country doesn't have money, we will invest to them. It's a win-win game, not zero-sum game. We provide a chance for those poor country to develop their's hometown.
There are also other banks, they will attach the loan with polical condition. See, only China just gives such loan without polical premise.

 

[HariVamsha]

Dude, you really don't understand what is OBOR. China has developed a horriable productive ability more than the need of our doemstic market. So we need help the world to develop theirs infrastructure and comsume our ability. If those country doesn't have money, we will invest to them. It's a win-win game, not zero-sum game. We provide a chance for those poor country to develop their's hometime.
There are also other banks, they will attach the load with polical condition. See, only China just give such loan without polical premise.

You have made goods only to find nobody is buying them.

So you plan to loan them the money to buy your goods like a loan shark and then use your goons (military) to make them pay you back.

That is exactly what I have said.

Only I put it in a much simpler language. Just so that even the truly dumb can understand.

 

[karl wang]

So you have made goods only to find nobody is buying them.

So you plan to loan them the money to buy your goods like a loan shark and then use your goons (military) to make them pay you back.

That is exactly what I have said.

Only I put it in a much simpler language. Just so that even the truly dumb can understand.

If you keep you eye on a shit, you can only see the shit. Don't you understand, it's a mutual cooperation. Noboy can force others to start a projects. See, even the Japanese, US, Korea take part in "The OBOR Summit".
There is only a weird country, refuse to join in the summit under the name of objecting to CPEC. So, India is just a joke to the world.

 

[HariVamsha]

If you keep you eye on a shit, you can only see the shit. Don't you understand, it's a mutual cooperation. Noboy can force others to start a projects. See, even the Japanese, US, Korea take part in "The OBOR Summit".
There is only a weird country, refuse to join in the summit under the name of objecting to CPEC. So, India is just a joke to the world.

LOL...... why the butt hurt ?

Do some yoga to calm your mind.

Everybody is going to say yes to money coming in during a recession, the fun starts when you start demanding it back Case in point , Sri Lanka.

That is going to be the real joke. Hence the fun ride.