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0 sats \ 3 replies \ @MarsIronPI 27 May \ on: El Salvador Trip report - 2/8 culture
Much of El Salvador's recent infrastructure development is completed by Chinese companies and subsidized by various Chinese government-linked development funds.
Hmm. I wonder why the Chinese are doing that.
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10 sats \ 2 replies \ @leo OP 27 May
They have a massive infrastructure industry with horrendous overcapacity, so they are trying to make train stations, airports, shopping malls and stadiums their primary export
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0 sats \ 1 reply \ @MarsIronPI 28 May
Interesting. Could it also hove something to do with expanding Chinese influence in those countries?
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0 sats \ 0 replies \ @leo OP 28 May
There's definitely the soft power element, but in this case I think it was relatively transactional. "If us Central American economies formerly recognize the People's Republic, what do we get in advance?" And infrastructure was what China had to offer
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