We saw similar stuff in Ethiopia in January as far as China digging in around the globe with huge debt based projects.https://twitter.com/wolfejosh/status/1196954369415143424 …
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The Chinese are not only building most of the buildings, but are building most of the newest infrastructure for public transportation. Pretty high interest debt relatively if I remember correctly.
Don’t know what the interest levels are but I wish we were building ports, trains, dams, and light rail systems in Ethiopia instead of China.
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Same here. Ethiopia feels like it's on the cusp of moving up in the world. A ton of progress there in the capital.
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you been?
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