Ann: Company Update, page-62

Arsenic, I would never call our gracious host country a s*hole/house. What I'm saying is that the Chinese are much more likely to get their money back from us than from a light rail in Ethiopia or a toll highway in Jamaica. The belt and road initiative is huge and seeks to export excess Chinese industrial capacity (keeping ppl employed) whilst at the same time helping to promote growth in developing countries. As America retreats from Trump's "s*hole/house countries", the Chinese are stepping in to export it's economic development know how. This could end in 2 ways. Either the Chinese end up building lots of infrastructure and discover that these "s*hole/house countries" will never actually be able to pay for it (my belief) or China's investment actually works and generates enough productivity growth, hence tax revenue and the ability to pay the Chinese back. If they pull this off, they will complete what Western governments, corporations & charities have not been able to do, eliminate extreme poverty in developing countries and all roads will lead to Beijing.