China And Others Are Funding Huge International Development Projects, But What Happens When They Fail? - News Summed Up

China And Others Are Funding Huge International Development Projects, But What Happens When They Fail?


Not long ago, few governments or companies would dream of building large-scale infrastructure in another country. What happens when governments change and the new bosses have little interest in continuing the projects of their predecessors? However, by this point Sri Lanka found itself perilously buried in debt and looked to China for relief. This startlingly low bid produced a massive wave of public outcry, with it being (perhaps unfairly) assumed that the Chinese firm was going to cut corners, do shoddy work, take the money and run. The Chinese firm halted work in protest; Poland sued.


Source: Forbes July 18, 2017 22:17 UTC



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