Why borrowers on China’s belt and road will go from euphoria to depression
Tom Holland
South China Morning Post, 26 mars 2018

Lire à https://www.scmp.com/week-asia/opinion/...

Cet article a été publié par le South China Morning Post , un journal de Hong Kong dont les sympathies pour la Chine populaire sont connues. Après les déclarations du ministre Wang Yi (Monsieur le Ministre, ne méprisez pas vos interlocuteurs ), sa conclusion d'être lue :

This dynamic – rising debt and insufficient project revenues to service it – is worrying. It suggests local governments will either forego spending in other areas – health, say, or education – or borrow even more to meet their interest payments. The likely consequences are slowing growth, higher interest rates as risk mounts, a runaway rise in debt levels and an even greater dependence on the dominant creditor as other lenders take flight. [...] And if anyone thinks that Beijing is lending to Belt and Road countries for their own economic good rather than China’s political and strategic advantage – then he must be chewing khat.