Neshant Ji :Neshant wrote:China has already factored in Pakistan's "debt forgiveness" ahead of time by jacking up the price of OBOR infrastructure 3 fold when presenting Pakistan the bill.
Watch soon how China "forgives" some of Pakistan's OBOR debt - which was a result of massive over-billing to begin with.
Whatever amount is forgiven however will be extracted in maintenance costs spanning decades.
This since all suppliers for OBOR related infrastructure are in China and the host country cannot fully upkeep OBOR infrastructure without China.
Only Chinese construction & supply firms have benefited from OBOR.
None of the routes are profitable now nor will ever be in the foreseeable future.
China already knew this prior to hyping OBOR as easy money to the host country to induce them into heavy debt.
That and the (fake) promise of moving tons of manufacturing jobs from China to the host country if they built OBOR infrastructure - which is turning out to be a total lie.
You can identify the dumb nations of the world by how quickly they fell for that line.
I refer you to the following Article :
Pakistan's $100B deal with China: What does it amount to? - By Nadia Naviwala // 24 August 2017
1. What Pakistan owes for the next 30 years will be calculated in dollars frozen at the 2013 exchange rate of 97.10 rupees to $1. (The current exchange rate is 105 rupees to $1.) - Today 16-09-2018 the Rate is US$ 1 = Rs. 125!
2. Tom Miller, author of “China’s Asian Dream,” has said that Chinese officials privately admit that they expect to lose up to 80 percent of their investment in Pakistan.
3. In Addition : The Gwadar Port Disillusion - MEI XINYU