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this post was submitted on 07 Nov 2023
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What happens if countries just default? Do non-Chinese lenders care? Does it trash bond ratings across the board?
I think in many cases China takes control of the infrastructure they built since the countries miss payments.
This was widely predicted to be the Chinese strategy: make loans to countries they knew could not pay with favorable terms for China when the country defaults.
That would involve these nations honoring their business dealings, which they don't seem willing to do.
Is China going to invade and occupy nations who don't comply?
I guess we'll see. Might not be a bad result for the nations, honestly. Supporting Chinese military bases might stimulate their economies.
Lmao the delusions. You can't not commerce with China if you are a developing country. Not honoring the contracts would mean an absolute destroy of any of the developing countries economies. Don't give opinions on shit you don't know about.
Calm down. Your argument looks weaker when you fill it with insults.
Gonna block you now. Learn to conduct yourself in a respectful manner.
If you aren't capable of understanding the context of different words thats on you buddy. Good luck creating your own little eco-chamber.