You’ve got to read the fine print. If you’re a heavily indebted, slightly underdeveloped nation and China knocks on your door with a loan that seems to good to be true you might want to hold off on signing the paperwork. That’s exactly what happened to resource rich Kenya except they signed when the PRC made the offer. WAR ROOM welcomes David Tillman to take a look at Chinese funded railways in Kenya. As the country faces down a $50 billion debt that comes due in 2024, it runs the real risk of losing the Mombasa Port to Chinese investors. David explains how this is all part of the Belt Road Initiative, the core element of China’s “100-Year Plan” and what it means to U.S. national power.
In 2013, Chinese President Xi Jinping announced the “One Belt, One Road” strategy as a national effort ostensibly to improve the economic integration and regional security of the Eurasian landmass. Also known as the “Belt and Road Initiative,” the strategy emphasizes development projects within underdeveloped east European and Asian nations. However, critics question both the motivations of the Chinese and the potentially low returns on investment. So why are the Chinese pursuing this? Join the podcast as Rakesh Kapoor and Paul Kan explore this question.