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Sri Lanka game in Africa… China poached Djibouti, big debtors

August 20, 2022
Source: pkbnews.in pkbnews.in
News Snapshot:
Sri Lanka game in Africa… China poached Djibouti, big debtors Currently, Djibouti’s debt is more than 70 percent of its GDP. Djibouti’s Port Authority PDSA has also been caught in China’s trap. China Merchants Port Holdings Company holds 23.55 percent stake in PDSA. Image credit source: PTI Indian Ocean Control and India to block China Been planning for years. China has worked to develop a long-term strategy to make its plans a success. China began work on the Djibouti plan six years ago in 2016. In January 2016, China acquired a logistics support base in Djibouti on a 10-year lease....
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