China ‘world’s biggest debt collector’ as poorer nations struggle with its loans (www.theguardian.com)

submitted 1 year ago by throws_lemy@lemmy.nz to c/news@beehaw.org

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[-] Truck_kun@beehaw.org 2 points 11 months ago

I do feel many of these nations should just straight up rent ports and such to China instead of taking the loans, in exchange for a lump sum payment, with restrictions for military use/limitations, and usage in support of war.

Might not get quite as much money, but seems far more favorable than the outcomes of belt-and-road loans (not just in the unlikelihood of debt repayment, but how the funding is used [vendor/company restrictions]).

this post was submitted on 07 Nov 2023

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