Some call it debt diplomacy and its controversial in the eyes of many: China gaining access and control over natural resources in other countries through lending (debt-financing) for infrastructure projects. (Related: SE Asia contract manufacturing resources page)
President Xi Jinping’s September 2013 signature Belt and Road Initiative (BRI), according to U.S. Secretary of the Navy Richard Spencer told in an exclusive interview with Financial Times (FT), is weaponizing capital across 152 countries in Asia, Europe, Africa, the Middle East, and the Americas.
Infrastructure projects funded through China debt diplomacy are integrating manufacturing and enterprise supply chains spanning from China into Eurasia, and connecting two thirds of the world’s population.
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Macroeconomic relief for European manufacturing industry
Cost (pricing) models for EMS contract manufacturing
Chinese loans to African governments (cumulative USD billion)
Read more on South East Asia manufacturing and trends related to manufacturing trade and tariffs.
‘True’ external debt as share of nation’s GDP (top 50 recipient nations)
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