Hun Sen: Cambodia will not fall into Belt and Road debt trap

[geovalin]

Prime Minister Hun Sen said on Friday that Cambodia would not fall into a so-called debt trap as it embraces China’s Belt and Road Initiative (BRI) as the Kingdom only accepted projects beneficial to the country.

 

Hun Sen was speaking in China on the first day of the second “Belt and Road Forum for International Cooperation” in Beijing. The prime minister is expected to return home on Monday.

 

“That an economic superpower has the ideals and conscience to build a community of common destiny with other countries, both big and small, is heroic wisdom and a tender and respectful gesture from a civilised country, one that should be regarded as a role model,” he said in his speech to the forum on Friday.

 

read more https://www.phnompenhpost.com/national/hun-sen-cambodia-will-not-fall-belt-and-road-debt-trap

[phycokiller]

thats real cool, but can we have water and electricity too?

[Geoffggi]

"Prime Minister Hun Sen said on Friday that Cambodia would not fall into a so-called debt trap as it embraces China’s Belt and Road Initiative (BRI) as the Kingdom only accepted projects beneficial to the country."

 

Could Prime Minister Hun Sen please pass on this line of thinking to others already falling into this trap...!!!

[connda]

Sen could choose to fall into the IMF debt trap instead.  Same trap; different lenders.

[Krataiboy]

 

“That an economic superpower has the ideals and conscience to build a community of common destiny with other countries, both big and small, is heroic wisdom and a tender and respectful gesture from a civilised country, one that should be regarded as a role model,” he said

 

Civilised, tender and respectful - and a role model? 

 

Not exactly how most people would grovellingly describe the autocratic Chinese regime - or, for that matter, the perpetrator of 30 years of violence and repression who uttered them.

Edited April 29, 2019 by Krataiboy

[Benmart]

2 hours ago, connda said:

Sen could choose to fall into the IMF debt trap instead.  Same trap; different lenders.

Please give an example where the IMF has taken over port facilities or other infrastructure due to a lender government's inability to pay a debt.

[TTL2]

3 hours ago, connda said:

Sen could choose to fall into the IMF debt trap instead.  Same trap; different lenders.

Their mentality is about preservation of their basic business market knowledge so that only the VIP able to monopolise it all.
Refuse free trade and low knowledge and being incompetitive.

10 over years ago, Myanmar was having the same thing.
Only military and VIP link to government body are allow to have mobile phone.
Each mobile phone could price at a value of a new local import car.
 

[wisperone]

Sen has already sold Cambodia's soul to the Chinese. They will be indebted forever. Cambodia will just be another Chinese enclave. Feel sorry for the unfortunate Cambodians whose homes and farms were bulldozed to make way for Chinese construction projects.  Such a shame. One can only imagine how much money the Chinese have funnalled into Swiss bank accounts for Sen.

[Burma Bill]

Quote:-

"the Kingdom only accepted projects beneficial to the country" - many hotels and casinos for Chinese gamblers in Sihanoukville which are polluting the sea with raw sewage!!