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by FooBarWidget
1439 days ago
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Those conditions are negotiable. Countries can say "no" to "using Chinese companies". If countries say "we want local companies" then Chinese negotiators say "okay let's do that". Furthermore, a major reason why Chinese companies did the work was due to a lack of skilled workforce in the country. Some countries chose for a hybrid model, where they ask for Chinese companies to train local workers. Finally, if something does go wrong, then The Atlantic's article says that Chinese lenders are often willing to restructure the loan. |
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Except they aren't as the contracts prohibit open bidding.
> The Atlantic's article says that Chinese lenders are often willing to restructure the loan.
Except when they are not willing, which is most often the case. They restructure when things are seemly fine but if shit hits the fan like in the case of Sri Lanka, they wont discuss it.
But the CCP prob jots it down to 'a mistranslation' and 'rumor' as they have done in the past.