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The central bank in Georgetown, Guyana, Aug. 29, 2016 (AP photo by Bert Wilkinson).

Guyana Is Proof of the Pitfalls of Chinese Aid and Investment in the Caribbean

Wednesday, Nov. 9, 2016

The small developing nations dotting the Caribbean have recently become sites for massive amounts of foreign aid from China. Large Chinese-built infrastructure projects and millions in investments have taken their place next to sun-splashed tourists, sprawling resorts and bustling cruise ports.

Earlier this year, thousands of Chinese workers flocked to Jamaica to complete a $730 million mega-highway that cuts through the heart of the island, shaving hours off typical tourist commutes. In Barbados, Chinese officials have pledged tens of millions of dollars to restore gymnasiums, renovate historic sites, and dock a goodwill hospital ship in the capital, Bridgetown, to provide free medical care to Barbadians. In perhaps the greatest example of China’s growing presence in the Caribbean, a Chinese firm has broken ground on a mixed-use facility comprising 450 apartments and 326 hotel rooms on St. Maarten dubbed the “Pearl of China.” The beachfront property aims to become a hub for Chinese business in the region and bring Chinese businessmen and money in droves to the island. ...

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