#ANTIGUAANDBARBUDA: China Building Caribbean Outpost

[world politics news]

On a natural paradise on the island of Antigua, a large swath of land that's about to be razed for a Chinese-run special economic zone. According to documents reviewed by Newsweek, it will have its own customs and immigration formalities, a shipping port and a dedicated airline and will be able to issue passports. 

China's growing regional presence is potentially the greatest external challenge to the United States in the Americas since the Soviet Union set up in Cuba in the 1960s—and the U.S. military is concerned.

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.

#KENYA: Officials Say China Can't Seize Port If It Defaults On Debts

[world politics news]

Authorities in Kenya have allayed fears that China will seize the Port of Mombasa if the country defaults on loans procured to finance the loss-making Standard Gauge Railway (SGR). 

The project is part of China's worldwide "Belt and Road Initiative," meant to facilitate World trade, and some say, to entrap poor Nations in debt and seize their assets when they inevitably cannot pay to loans back.

Many have speculated that China could seize the valuable Mombasa port if the country fails to make payments.

But National Treasury cabinet secretary Ukur Yatani said Kenya did not offer the strategic national asset as collateral for the $3.2 billion loan sourced from the Export Import Bank of China to finance the project.

“The port of Mombasa has no adverse exposure to any lender or category of lenders through existing loan agreements with the government,” said Yatani.

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.