Egypt borrows $1.2bn from China to fund electric train project

[TaiShang]

we are selling oil and in response we get Chinese goods and services mainly because of sanctions which china like to follow USA.

Mainland China has done its best to avoid sanctions on Iran and continue normal business. But, as a developing country, one cannot go head to head with the US without suffering from its consequences. This is realpolitik.

You cannot expect China to sacrifice its own interests for others, including Iran, and vice versa is true, as well.

As for the particular investment, it is hard investment in the infrastructure, not some borrowing for lofty things or borrowing to pay back old debt. So, it is a logical borrowing.

In fact, it is a usual business conduct: No one grows on their profit, but, grows on credits. As long as money circulates and pays itself back eventually, debt is not a bad thing.

 

[oprih]

He is a false flagged Turk

I see; they are so desperate and mad that China is on its way to be a true superpower while their own country cant even be called a regional power with all their failures in the middle east.