2 ms·
> Coercing developing countries into taking out loans they can't afford to build infrastructure they don't need has been the USA's MO for decades Yes but in Ch
by decebalus1 9y ago
> Coercing developing countries into taking out loans they can't afford to build infrastructure they don't need has been the USA's MO for decades
Yes but in China's case they don't expect to be involved in the internal policies or demand specific budgetary restrictions when they default on their loan. As opposed to an IMF loan, China has better and simpler terms (someone below outlined this already: https://news.ycombinator.com/item?id=16796087 https://news.ycombinator.com/item?id=16796087) and they know it.