Article Image
IPFS News Link • China

Visualizing How Chinese Financing Is Fueling Megaprojects Around The World

• https://www.zerohedge.com by Tyler Durden

Aside from the striking design, Visual Capitalist's Nick Routley notes that there's another unique twist to this development - the entire $140 million project is a gift from Beijing. At first glance, gifting a country a new parliament building may seem extravagant, but the project is a tiny portion of China's $270 billion in "diplomacy spending" since 2000.

AidData, a research lab at the W&M Global Research Institute, has compiled a massive database of Chinese-backed projects spanning from 2000–2017. In aggregate, it creates a comprehensive look at China's efforts to grow its influence in countries around the world, particularly in Africa and South Asia.

Beijing has ramped up the volume and sophistication of its public diplomacy overtures, […] but infrastructure as a part of its financial diplomacy dwarfs Beijing's other public diplomacy tools.

– Samantha Custer, Director of Policy Analysis, AidData


Free Talk Live