End the nonsense about China Taking over Jamaica

[Jangle]

It is obvious to us that signing the BRI is a step to retaining access to development loans from China, and we should look at it dispassionately and not with the usually misinformed hysteria about the Chinese taking over Jamaica.

Our debt to China represents approximately 3.9 per cent of the country's total debt and will be paid off in the next decade. The loans Jamaica has received from China have some of the lowest interest rates in the country's debt portfolio. Indeed, 90 per cent of the debt Jamaica owes to the Government of China through the China Eximbank is at two to three per cent. These loans also have less conditionality and are not intrusive in policy areas which are not strictly economic.
https://www.jamaicaobserver.com/edit...4?profile=1100

[Sir X]

Exactly,if the world or those around us are benefitting from China's largesse why would we be the ones to turn it down, why ? Because America nuh like it,dem a gi wi anything like infrstructure ?

We have China, the E.U, USA ,Africa and South America to trade with,any one advocating itching up under the west is an idiot.

[Jangle]

Growth & Jobs | Roadworks to boost economic growth


“What this means is that the improved road network will allow persons to consider living in areas they once thought were too far from Kingston, or the commercial district,” he said.

He noted that investors will now consider these areas attractive for housing developments, as more people are willing to live further outside of the Corporate Area and commute into Kingston.

“Therefore, more areas in St Catherine, and eventually St Thomas and Portland, will become more attractive to both housing developers and buyers.”

http://jamaica-gleaner.com/article/n...conomic-growth