The deals with Victoria aimed to increase Chinese participation in new infrastructure projects. Two other deals between Victoria and Iran and Syria govts have also been scrapped.
China’s track record managing debt distress has been problematic. It has not signed on to a binding set of rules of the road to avoid unsustainable lending and addressing debt problems.
Sometimes, we end up embroidering the truth as we overthink and overanalyse a fastidious lady’s personal wardrobe preferences for significant occasions.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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