Re:Google to Invest $10B in India
by baybal2 on Monday July 13, 2020 @09:38AM
(#23820585)
> The Chinese government has amassed an insane amount of money and growth during their business friendly periods and is now able to deploy it for protectionist measures.
Saying this, you need to mention just how fast they burn that money.
I once did a contract for a company that participated in a $1.9B OBOR project, where $600M managed to vanish into thin air, $150M was outright stolen, and the remaining $1B never materialised.
The procurator office of the country managed so far to recover $460M from all over the world from the missing $600M.
The most shocking out of the whole story was how the Chinese side reacted. Their stance was like "You "lost" $600M, and so what? We have more"....
Saying this, you need to mention just how fast they burn that money.
I once did a contract for a company that participated in a $1.9B OBOR project, where $600M managed to vanish into thin air, $150M was outright stolen, and the remaining $1B never materialised.
The procurator office of the country managed so far to recover $460M from all over the world from the missing $600M.
The most shocking out of the whole story was how the Chinese side reacted. Their stance was like "You "lost" $600M, and so what? We have more"....