https://www.bbc.com/news/world-asia-52743072 Here is how it works. China lends money to countries to build. Puts conditions on loaned money that they can only use chinese companies for construction and material, so essentially its as good as investing in Chinese companies. And now other countries need to pay that money back which china also knows they cant. And the. China ends up owning territory in those countries. Sucks.
I mean it’s like predatory and hard money lending 🤷🏼♀️ Where my money, b1tch??
Not surprising from a inhumane government. Don't do business with tyrants, it never pays off.
BREAKING NEWS!! The inhumane government is building in humane concentration camps in Georgia!! https://www.google.com/amp/s/amp.cnn.com/cnn/2020/09/15/politics/immigration-customs-enforcement-medical-care-detainees/index.html
^ See you’re reporting from an American news source. Once you start the Chinese concentration camp reports from Chinese media, we can talk 🤣😂
Maldives belongs to china. America already got Hawaii and Puerto Rico.
It’s just like if you can’t pay your mortgage the bank take away your property
Bank does not say you have to use me for construction. That said it is stupidity of countries which took such loans.
Even if they take dollar loans, they would use Chinese construction companies.
And apparently Indian government is the smartest in your eyes. They borrow dollar loan at 7~8% interest rate, and 50% of their government income is used to pay back interest. They recently cut ties with lots of Chinese companies. Lots of their construction projects are relieved from deadlines after they cut business relationships with Chinese companies providing tech support. We will see how well their smart strategy will help them.
China haters need some basic history education. Have you ever heard Marshall plan and 2000+ military bases American army operates globally? Have you ever heard IDA from Japan?
We are talking about fraud vs military presence. Also fwiw i think usa should keep its military for its defense not sure why it went on to help the ungrateful Europe in ww2 while we are on history. And are you saying just because us has military presence, its ok for china to become nazi like oppressors?
US is just a country, it has 5% world population and covers 2% earth surface. It is nothing without people, ideas and technology from Europe and Asia.
I'm surprised the US isn't already going it first. Much easier to just write a check than getting your dudes shot at.
I am disappointed that the US isn’t doing it as well. This tactic seems more efficient than guns or missiles.
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Feel free to cry
Why bother crying. More important to raise awareness. Troll!
^ triggered