regional infrastructure to bolster

The Indian Ocean Region (IOR) has emerged as a pivotal arena for Chinese investments under the BRI due to its critical role in global trade. Over 80% of the world’s maritime oil trade passes through the IOR, making it a strategic chokepoint for global commerce. Ports such as Hambantota in Sri Lanka, Gwadar in Pakistan, and Chittagong in Bangladesh illustrate Beijing’s calculated strategy of embedding itself in regional infrastructure to bolster its influence and secure economic and military footholds. The results, however, have often been economically devastating for the host nations Sri Lanka: The Hambantota Port, financed by a $1.4 billion Chinese loan, quickly became a liability for Sri Lanka. Unable to service its debt, the nation was compelled to lease the port to a Chinese state-owned enterprise for 99 years. This lease highlighted the severe financial repercussions for Sri Lanka and highlighted Beijing’s ability to convert economic leverage into strategic advantage. The port’s location, just a few nautical miles สล็อต

Leave a Reply

Your email address will not be published. Required fields are marked *