we are having a stiff face off with India, notably with their economic pact with Iran, which hasn't seem to kicked off any spectacular projects yet, except for India buying some Iranian, which is still quite ironic itself since they are buying huge amounts of oil from UAE, Azerbaijan, Turkmenistan, and gas from Myanmar to avoid US sanctions, and we are looking to become one of Iran's largest petroleum buyers and we are planning a major railway network which ill post.It seems like many countries are improving do to these projects, I keep hearing about the debt trapping, but there is a ton of improvement and life is improving in many places.
let me ask, do you think you guys will have a face off in terms of economic development from India, in foreign countries, or not so much? I been noticing India is countering Pakistan-China CPEC project, and I want to know if they are countering just CPEC or all Chinese invested projects.
because India dropped the ball big time, in dealing with Iran, they planned to invest $500Million USD on the Chabahar port project, only $150 Million invested because of US sanctions, was paying $50 Million a year for Iranian oil imports and dropped it to $20 Million because of sanctions, and now are buying oil from Qatar, Emiratis and Saudi Arabia, as well as Russia, Azerbaijan and so on. it actually irritated Iran because India promised to "stand against western sanctions" when in fact they did not and basically bowed down to them, so good for calling them "friends"I'm surprised the Indians have not yet, complained about China's investments, projects in Iran, since according to the Indians they were to help invest very heavily into Iran's economic development.
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