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The wanton disregard for environmental and ecological safeguards in the rush to implement these grandiose vanity projects is nothing short of criminal.
Their pledges of economic prosperity crumbled amidst the pandemic's global onslaught, leaving behind landscapes scarred by deserted buildings and dashed hopes.
China responded angrily to the U.S. announcement, accusing Washington of over-exaggerating national security concerns and unfairly targeting Chinese companies.
These events highlight a disturbing trend of systemic corruption involving senior officials, revealing deep vulnerabilities within the financial system.
China provided loans at a 4% interest rate, with a shorter repayment period of around 10 years, compared to 24 to 28 years for loans from Japan and other Western countries.