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Belt and Road Initiative: What They're Saying



PINO MUSOLINO
Head of Venice’s Marghera Port
On Italy’s ‘Golden Power’ rules to prohibit the sale of ports to foreign entities

"The Belt and Road [Initiative] is not just about infrastructure. It's a huge design aimed at controlling trade flows and controlling the main global value chains. If you control those, you don't need to control any army anymore. You are controlling the very specific wealth of any country along those economical corridors. Chinese are very much aware of this [..] They have a clear goal and they are pursuing it."

MICHELE GERACI
Italian Economist, formerly Italy’s Undersecretary of Economic Development
On concerns over Italy joining the BRI and the potential turnover of ports

"When we hear warnings that Chinese should not invest in the Italian ports, it’s too late. China has already invested in all major European ports and almost manages 15 to 20% of European traffic."

U LIN TUN
Managing Director of Solar Firm Quasar Resources
On Chinese Sungrow and CMEC winning most of the government solar plant bids in Myanmar

"Spreading work among other qualified bidders would be more efficient and provide execution risk diversification to assure urgently needed power availability within Myanmar on schedule."

SIMON TAY
Chairman of the Singapore Institute of International Affairs
Questioning how much Myanmar could negotiate CCCC’s offer to build New Yangon City

"Myanmar needs investment. New Yangon City is a very ambitious project. It’s not a national plan and it’s primarily driven by Yangon, so they have to find someone with gumption and deep pockets to invest. Asian development needs have not been met by the West. They don’t understand the gaps we face in Asia."

MOHAMED NASHEED
Speaker of Parliament of the Maldives and Former Maldivian President
On current Chinese investments in the Maldives

"The [Chinese debt] bill was $3.1 billion. Can these assets produce enough revenue to pay back the debt? The business plan of none of these projects has any indication to suggest that it will be able to pay back the loan."

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