That Was Fast: Blowups With China and Russia in Biden's First 60 Days

[taxi]

2. There is much going on that we don't see

After seeing that a China based construction company built an entirely new capital city [complex] outside of Cairo, I was interested in finding out the extent of China's reach. At first glance my impulse was to start tallying the billions of dollars, and at second glance decided to avoid that large a task. Closer to China in the Philippines, Russian vaccines will be purchased, sea lanes are being redefined and eliminated, and communist camps abound.

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Officials say the city will eventually include social housing and is meant to finance itself through land sales, though it is unclear how much revenue these have generated.

Of the $25 billion (S$33 billion) cost for the first phase, about $3 billion is being spent on the government district, said Husseiny.

Some international financing has been secured for rail links, and a $3 billion Chinese loan has helped fund the business district, built by China State Construction Engineering Corp (CSCEC).