JAKARTA : Indonesia's sovereign wealth fund and China's Silk Road Fund have signed a framework agreement under which the Chinese fund aims to invest up to 20 billion yuan in the Southeast Asian country, they said in a joint statement.
The investment scope under the agreement includes all business sectors open for foreign investment in Indonesia, in particular those promoting economic connectivity between Indonesia and China, the Indonesia Investment Authority and the Chinese fund said in the statement issued on Monday.
Debt Summary: Doesn't mean those numbers not put under China, CN do not hv a part in them. The infrastructures (ports etc.) built by CN in SriLanka that r instantly useless, CN is equally culpable. CN's hands r tainted with blood in the sorrowful plight of bankrupt SLK today.
Latest victim - Sri Lanka. How many more are going to fall prey.
Beware of debt trap thru OneBelt,OneRoad 一带一路 initiative. For poorer nations that were duped into borrowing billions fr CN, use Chinese labour to build OBOR railroads/ports, whet it fails (indebted to CN) or succeeds (supply monopoly, ie. agri/raw materials), CN is the winner