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by Fuxy
2844 days ago
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Well the incentive for China is simple since it uses all Chinese sources so the costs get higher than necessary but it's a foreign government flipping the bill so they don't care plus there is no competition. The risks in Africa are great but when China has got your back as a company the math is different. Not to mention we're talking Chinese concrete here that building will be turning to dust in less than 5 years they do the same in China after all and that's why it's not smart to buy property long term there although it's culturally necessary to be able to have a family there. They may be building grand buildings but they use sub par materials so they are no build to last so I predict the debt will last longer than what they offered for it. I works in China because the handle the supply and demand internally but it's a different story when they start exporting that. |
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