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Is China blackmailing Myanmar, like it did with Sri Lanka?

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BurmeseNews

BurmeseNews

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Now, China is financially big enough to first pump its money in small, poor nations and then acquire controlling stakes in organizations as the nations fail to repay, be it the poor or financially weaker nations of Asia or Africa.

 

China is known for territorial expansionism and autocratic rule but its increasing economic prowess has added another dimension to its clout - the economic imperialism. Now, China is financially big enough to first pump its money in small, poor nations and then acquire controlling stakes in organizations as the nations fail to repay, be it the poor or financially weaker nations of Asia or Africa.
 
That is a deepening line of analysis by the experts. Confirming similar developments, an exclusive Reuters report has claimed that China is expected to take controlling stakes, as high as 85 per cent, in Myanmar's China funded projects, even if the initial agreement for some of them was on a 50/50 basis. According to the report, China has asked for a 70-85 per cent stake in a strategic deep sea strategic on the Bay of Bengal, Kyauk Pyu, and is expected to get it due to the financial constraints of Myanmar. The $7.3 billion project is China funded.
 
 






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