• gun@lemmy.ml
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    3 years ago

    The only time a country ever came close to default on one of China’s infrastructure projects, was Sri Lanka. And they didn’t default because China helped Sri Lanka cover the costs by leasing the port they financed.

    • poVoq@lemmy.ml
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      3 years ago

      Which was very likely the Chinese plan all along (to own the port as a potential naval base)…

      • gun@lemmy.ml
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        3 years ago

        This is what Trump and Pompeo said. That they want a military base. But it’s wrong. It’s not effective as a naval base. The harbor entrance is narrow, only wide enough for one ship to pass through at a time. To house naval ships there would be foolish. It would be easy for enemy to block the entrance off and then bomb. And in the case where ships need to scramble somewhere, they can only do so very slowly.