Oof. I wonder how that will work in the case of infrastructure like roads and bridges–long term tolls? At some point it has to eat away at whatever good will the Chinese were trying to buy.

What happens if countries just default? Do non-Chinese lenders care? Does it trash bond ratings across the board?

It’s sourced from the Evening Standard, but that’s not much better.

CIA as well. It’s easy to pass background checks when the hardest substance you use is Pepsi.