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Tag Archives: Debt trap

China is building big influence on America’s Caribbean doorstep

Chinese flag

PortandTerminal.com, November 9, 2020 WASHINGTON – While we’ve been preoccupied with Chinese trade wars and elections, China has been busy extending its reach and influence right on America’s doorstep. The New York Times reported today that China has offered Jamaica loans and expertise to build miles of new highways. That’s the way China operates. They make infrastructure investments in developing countries, …

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Tanzanian President tells China what to do with their $10 billion port loan

Tanzanian President John Magufuli

PortandTerminal.com, April 24, 2020 DODOMA, TANZANIA – Tanzania President John Magufuli has cancelled a Chinese loan worth $10 billion signed by his predecessor Jakaya Kikwete to construct a port in his country. The project, which broke ground four years ago and was set to be run by China Merchants Holding International, would have been the largest port in East Africa. …

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