Tillerson’s final warning on Belt
One of Rex Tillerson’s final acts, as he emerged from his long Africa tour only to be tweet-sacked from Washington by his boss, was to warn the world, and his African hosts, about the dangers of being seduced by the siren call of Chinese loans supporting big infrastructure Belt and Road projects.In emerging markets around the world “China offers the appearance of an attractive path to development, but in reality [is] trading short-term gains for long-term dependency”, Tillerson said. He called on borrowers to “carefully consider the terms” of agreements with Chinese lenders, and to take care “not to forfeit sovereignty”.To get more China news, you can visit shine news official website.