^updated my previous post : )
Parted with.
I don't know how strategic, but its a port that can offer R&R for passing Chinese ships.
The Pak desire for the Chinese to base/develop there is more than the Chinese themselves want i have a feeling.
Venezuela has massive oil reserves. Once they get their oil industry up and running the Chinese will recover their loan. Back in 2007 what the Chinese did appeared sound. Nobody counted on the negative effects of Chavez's populist policy entirely crippling the country a decade later. Posted a short summary of this in the Indian elections thread.
Originally posted by Oracle
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I don't know how strategic, but its a port that can offer R&R for passing Chinese ships.
The Pak desire for the Chinese to base/develop there is more than the Chinese themselves want i have a feeling.
Yes. Debt trap. I am more interested to know what if a client state can't pay back their loans to China. Can the Americans in any way rescue that country? In what way? Can Venezuela start from zero.
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