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Chinese officials are quite open that Belt and Road is aimed at creating a Eurasia wide Chinese led bloc to counter the [[United States]].
Chinese officials are quite open that Belt and Road is aimed at creating a Eurasia wide Chinese led bloc to counter the [[United States]].
Belt and Road an umbrella term used to cover a range of Chinese funded and usually Chinese built [[infrastructure]] projects around the globe. Usually it's a condition of funding that the host country uses Chinese companies and often Chinese workers to build the project and often the relevant facilities are then run by Chinese personnel. For vulnerable countries and ambitious leaders, a big advantage of Belt and Road money is that it rarely involves the accountability and transparency requirements of a regular loan and is often accompanied by massive political
Belt and Road is an umbrella term used to cover a range of Chinese funded and usually Chinese built [[infrastructure]] projects around the globe. Usually it's a condition of funding that the host country uses Chinese companies and often Chinese workers to build the project and often the relevant facilities are then run by Chinese personnel. For vulnerable countries and ambitious leaders, a big advantage of Belt and Road money is that it rarely involves the accountability and transparency requirements of a regular loan and is often accompanied by massive political
donations. While the most notorious a Belt and Road project is the Hambantota port in [[Sri Lanka]] that is now Chinese owned after the Sri Lankan government couldn't meet repayments and now hosts Chinese submarines. There are many other projects in [[Europe]], [[Africa]], [[Asia]], and the [[Pacific]]. For instance,
donations. While the most notorious a Belt and Road project is the Hambantota port in [[Sri Lanka]] that is now Chinese owned after the Sri Lankan government couldn't meet repayments and now hosts Chinese submarines. There are many other projects in [[Europe]], [[Africa]], [[Asia]], and the [[Pacific]]. For instance,
*a hydro dam in [[Ecuador]];
*a hydro dam in [[Ecuador]];