All of these heavy investments show China’s increasing grip on Indonesia as all of those loans will come at a cost. March 2019 was when China and Indonesia executed an investment plan of $91.1 billion for 28 projects under the Belt and Road Initiative. In April 2018, Indonesia signed five contracts worth $23.3 billion for national infrastructure projects. These three examples are part of the many projects China has funded in Indonesia. Finally, the $5.5 billion Jakarta-Bandung high-speed rail was built in 2015. In 2011, the $1.5 billion Sumatra coal railway was built. In 2003, a $445 million project known as the Suramadu bridge was built by a number of Indonesian companies working with China Road and Bridge Corporation and China Harbor Engineering Co. IndonesiaĪnother country that shows Chinese domination in the area is Indonesia. By doing this, China is gaining increasing ownership in countries like Sri Lanka, and they are redirecting the economic activity back to them in order to become more powerful and influential in world affairs. This resulted in Chinese ownership of several infrastructure projects that helped grow Sri Lanka’s economy in the first place. However, when it came time to pay back the loans with interest, Sri Lanka could not pay back the full amount.
Sri Lanka used this money to build roads, skyscrapers, bridges, and other infrastructure that made the country wealthier and more economically progressive. One country that China has given billions of dollars in loans to was Sri Lanka. This makes Asia fertile ground for China to plant their economic seed and dominate the continent for years.
Asia is also home to many developing countries and is classified as on the poorer side.
China dominated Asian affairs for years and still continues to dominate as it is the largest economy in Asia and second-largest in the world. China is known to be the global superpower based in Asia.
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