‘Pivoting East’: Will China come to Lebanon’s rescue?
Running quickly out of options as talks over an IMF bailout stall, Lebanon’s Hezbollah-backed government says it wants to pivot to China, but analysts say that route is a mirage
Faced with an accelerating economic collapse, US political pressure and complex IMF bailout talks, Lebanon’s Hezbollah-backed government has started to tout an ‘eastern economic pivot’ to Communist China but experts warn this may be little more than a pipe dream.
It all started with a recent speech by Hezbollah chief Hassan Nasrallah, the most powerful figure in Lebanese politics today.
I’m guessing not. Though they are trying to expand the ‘belt and road’ initiative in Lebanon, I don’t think Lebanon has much of value, they don’t have oil or bulk resources that China wants.
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