HK:
A question for you: I was staggered to learn that Kenyans are being forced to put their stuff on the SGR. What is the legal basis for that? Why isn't anybody suing?
You are absolutely right on the cost of Chinese loans. Some people look at the interest rates while ignoring the insurance rates, which is where the real "meat" is. Whether one is paid in two installments and the other is paid over years has no effect on the rates. What's more, the insurance is pretty much free money for the Chinese because it will never be called on: "in theory", if Kenya defaults, then the insurance pays, and that's that; in practice, there will be no default because Kenya would then find borrowing from anywhere else to be impossible. That's why some hand over chunks of their country rather than default.
Win-win for Kung Fu while Kenyans ride trains painted in their national colours, SGR staff wear uniforms in their national colours, and others works are subject to the racism that seems to be deeply set in Kung Fu's psyche, etc. Rear-end tarimbo all the way.