Xi Jinping indicated that the "five can't" and "four prohibitions" in cooperation with Africa:

[Quibbler]

Typical Indian IQ. Opinion without facts. Form without content. Coming from you, not surprising. This is the story of India and it is a good thing. I need real life example in my classes of a corrupt, inefficient and dirty country called itself a democracy.


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If your IQ was higher than mine, you would have realized that my poont was about predatory loans. Loans that make majority of your "financial aid". Can you tell me the ration of equity to debt you have invested in Pak. You ll be suprised. And please dont call yourself dumb. They say self hate aint very good.

 

[Adam WANG SHANGHAI MEGA]

Maybe in your political system you might need to be rich to be heard. Thats not how the world works.


Surprisingly you didnt answer why china still doesnt have a anti foreign bribery law.

And case in point . Hambantota port does not make even 1percent of the revenue it was envisaged to make. You are saying China the great financial planner made a 99pc error. No hate, i really would understand how that happened.


You are happy. Sadly you need to be happy. Beacause showing you are sad can have serious repercussions in China.


Not free money. But investments no predatory loans, not coaxed by bribes, and econonically viable projects. If your projects are missing revenue targets by 99 pc. Something is wrong.


Brother fine. I am ready to change my view. I really am. Help me understand what happened at Hambantota. I will really appreciate if you can make me understand the Chinese side of it.

We grant money and they messed up,in order to make the projects profitable for both China and Sri Lanka,China China Merchants Steam Navigation Company takes control of the management right of Hambantota,and i am telling you it works well,the loans has been repayed partially by the profits made by China management group and Sri Lanka is ready to get pure profits in next few years.
Call it colonization if you want,i would like very much a company to colonize my homeland ,so we can make money while doing nothing but grant management rights when i am not pwoerful enough to make it profitable by meself.

 

[Quibbler]

We grant money and they messed up,in order to make the projects profitable for both China and Sri Lanka,China take control of the management right of Hambantota,and i am telling you it work well,the loans has been repayed partially and Sri Lanka is ready to get pure profits in next few years.
Call it colonization if you want,i would like very much a company to colonize my homeland ,so we can make money while doing nothing but grant management rights when i am not pwoerful enough to make it profitable by meself.

You are a lender. Like any bank who gives out the loan, were you not responsible for proper check on financial viability, buisness model check, predicted cash flow , etc. I agree Sri lanka fucked up. But it was not exactly a one sided responsibility. But in the end only Sri lanka ended up bearing the brunt.

They paid yes. But not the way they were supposed to. They were supposed to pay from revenues generated from the invwstinve. Not by mortgaging other properties. And i dont beleive that the port still is profitable. Even under Chinese managent. Is it ?

 

[Adam WANG SHANGHAI MEGA]

You are a lender. Like any bank who gives out the loan, were you not responsible for proper check on financial viability, buisness model check, predicted cash flow , etc. I agree Sri lanka fucked up. But it was not exactly a one sided responsibility. But in the end only Sri lanka ended up bearing the brunt.

They paid yes. But not the way they were supposed to. They were supposed to pay from revenues generated from the invwstinve. Not by mortgaging other properties. And i dont beleive that the port still is profitable. Even under Chinese managent. Is it ?

If you mean a full powerful and functional international port which benifits mostly the Sri lanka companies and is making profits year by year for Sri lanka ,yeah ,why not?

 

[Quibbler]

You are a lender. Like any bank who gives out the loan, were you not responsible for proper check on financial viability, buisness model check, predicted cash flow , etc. I agree Sri lanka fucked up. But it was not exactly a one sided responsibility. But in the end only Sri lanka ended up bearing the brunt.

They paid yes. But not the way they were supposed to. They were supposed to pay from revenues generated from the invwstinve. Not by mortgaging other properties. And i dont beleive that the port still is profitable. Even under Chinese managent. Is it ?

You hadnt had the misfortune of imperialistic colonization. We have. You can count on us when we say colonization is mostly not good. Case in point east india company

You meant the worlds emptiest airport.Which operates 1 flight a week? Did i get the airport wrong ?
https://www.forbes.com/sites/wadesh...ational-airport-sri-lankas-mattala-rajapaksa/

If you mean a full powerful and functional international port which benifits mostly the Sri lanka companies and is making profits year by year for Sri lanka ,yeah ,why not?

If you mean a full powerful and functional international port which benifits mostly the Sri lanka companies and is making profits year by year for Sri lanka ,yeah ,why not?

the Hambantota Port in 2016 made a revenue of US $ 11.81 million and incurred expenses of US $ 10 million as direct and administrative costs to report an operating profit of just US $ 1.81 million.[8]

This is a bad return . On an investment of 1Billion dollar. Operating profit should be atleat 70 million a year even if loan was concessional at 2 pc and default hedging cost of 5 pc. And that is just to pay the interest. Back not the principle.

 

[Beast]

You meant the worlds emptiest airport.Which operates 1 flight a week? Did i get the airport wrong ?
https://www.forbes.com/sites/wadesh...ational-airport-sri-lankas-mattala-rajapaksa/



the Hambantota Port in 2016 made a revenue of US $ 11.81 million and incurred expenses of US $ 10 million as direct and administrative costs to report an operating profit of just US $ 1.81 million.[8]

This is a bad return . On an investment of 1Billion dollar. Operating profit should be atleat 70 million a year even if loan was concessional at 2 pc and default hedging cost of 5 pc. And that is just to pay the interest. Back not the principle.

So you are implying China shall handle the port for the profit and benefit of the Sri Lankan?

 

[hiseen]

When Africa's economy exceeds India, SP12 will continue their myths
Because they have been calculating Africa's debt problem(Due to poor performance in Mathematics, always can't get the answer. )

2030

2050

 

[Adam WANG SHANGHAI MEGA]

You meant the worlds emptiest airport.Which operates 1 flight a week? Did i get the airport wrong ?
https://www.forbes.com/sites/wadesh...ational-airport-sri-lankas-mattala-rajapaksa/



the Hambantota Port in 2016 made a revenue of US $ 11.81 million and incurred expenses of US $ 10 million as direct and administrative costs to report an operating profit of just US $ 1.81 million.[8]

This is a bad return . On an investment of 1Billion dollar. Operating profit should be atleat 70 million a year even if loan was concessional at 2 pc and default hedging cost of 5 pc. And that is just to pay the interest. Back not the principle.

China company take control of Hambantota in 2017，you should know that better than me!

 

[Quibbler]

So you are implying China shall handle the port for the profit and benefit of the Sri Lankan?

China company take control of Hambantota in 2017，you should know that better than me!

This is what has happened in Hambantota. China gave a loan for Hambantota which was no t economically viable. Then you constructed it giving buisness to your comapanies. Then when it was not viable which you knew. You bought it for even cheaper than the loan principle. See the problem?. And it is still doent make profit even after China took control. See the reason for suspecting heavy bribery by the Chinese?.