![]() Someone who stood up and said NO to the CCP. This means leveraging the law to our advantage and thinking creatively to counter the influence and economic extortion of the Chinese Communist Party.Īnd we had that, before 2020. Washington needs to wage “lawfare” just as aggressively as Beijing is presently doing. We need to advocate for international norms and standards that conform to liberal western rules, and not the authoritarian proclivities of the Chinese Communist Party.Īs if we can get that with the current “administration”, and beijing joe and commie kamala! We need to call out the economic extortion of the Chinese Communist Party vocally and often in international fora and multilateral engagements. ![]() We need to offer competitive financing and loan guarantees for countries wishing to rebuild or redevelop their infrastructure – guarantees not loaded with quid-pro-quo requirements or onerous terms that will ensure their failure. What has been missing is leadership from Washington. General Secretary Xi Jinping would make a great stand-in for Tony Soprano if they decided to reboot the series and set it in Beijing.īut I heard too many fools WANT communism. In case after case, we see the Chinese Communist Party offering overly generous terms to countries in need of development and assistance, only to saddle them with unrealistic payments while corrupting the political systems of the countries in question and ending up with the assets in the end. In Sri Lanka, too, the Chinese Communist Party, through the Belt and Road Initiative managed to get Columbo to hand over a port and some 15,000 acres for a 99-year lease after the government couldn’t make payments on the development project.Īny why is the legacy media not reporting on this? In Ecuador, a dam project that was ostensibly intended to help lift the country out of poverty led to a national scandal with shoddy workmanship, unmet promises, bribes and the Chinese Communist Party effectively owning the dam in question as Quito could not keep up with the payments. A member of city council was allegedly offered upwards of $360,000 to drop her opposition to the agreement. In Africa, allegations of bribery followed Huawei as it attempted to secure an exclusive contract to build a 5G network in Namibia. The economic extortion isn’t limited to Australia. …they are indicative of a much more alarming trend in the behavior of the Chinese Communist Party, which amounts to economic extortion and coercion in support of its geopolitical aims. To fight China’s economic extortion, take a page from the Cold War ![]() Win for the CCP, a win for its aggressive expansion and control.Ī win for those who want communists to control key infrastructure in other nations.Ī lose for Montenegro is a WIN for the CCP. “This cooperation is mutually beneficial and win-win,” said China’s Montenegrin embassy in a statement last month. “It would take at least 22-25,000 vehicles a day for the highway to pay off,” civil engineer Ivan Kekovic told AFP, roughly four times the number he could envisage on the busiest stretch. The current government has admitted revenue from tolls will not even cover the road’s annual maintenance, estimated at 77 million euros ($94 million). If Montenegro cannot pay, it faces arbitration in Beijing and could be forced to give up control of key infrastructure, according to a copy of the contract seen by AFP.Ĭhina has been widely criticised for saddling small countries with unmanageable debt as part of its global Belt and Road Initiative.Ĭritics worry that it will use financial leverage to boost its political power, in what they dub “debt-trap diplomacy”.īut Chinese officials have strenuously denied any ulterior motive to the investment in Montenegro and the wider region. ![]() It is unclear where the money will come from or how Montenegro - a country with a GDP of 4.9 billion euros - will repay its existing debt to China. The government has already burnt through $944 million in Chinese loans to complete the first stretch of road, just 41 kilometres (25 miles)…Īlmost 130 kilometres still needs to be built at a likely cost of at least one billion euros ($1.2 billion). I recall news stories warning countries of accepting the CCPs massive building projects.Ĭhinese workers have spent six years carving tunnels through solid rock and raising concrete pillars above gorges and canyons, but the road in effect goes nowhere. Two sleek new roads vanish into mountain tunnels high above a sleepy Montenegrin village, the unlikely endpoint of a billion-dollar project bankrolled by China that is threatening to derail the tiny country’s economy. Montenegro learns true cost of China-backed $1 bn road to nowhere ![]()
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