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> china offers to triple your standard of living in the next decade through a massive transnational infrastructure project that will allow increased trade and j
by NicoJuicy 8y ago
> china offers to triple your standard of living in the next decade through a massive transnational infrastructure project that will allow increased trade and job opportunities, growing local export sectors and connecting you into the largest economic region in the world.
No, they are not. They are loaning you money so you can spend it on Chinese workers/companies and they get 100% ROI.
- vuln 8y agoDo you have any data on how many of these “loans” are actually paid back in full and not defaulted on? Generally interested.
- NicoJuicy 8y agoJust look at the trends, investments that are made. I don't have insider knowledge, just common sense. The defaults aren't really defaults, they do get paid back one way or another. Either by a 99-year lease of strategical infrastructure or something else. Most of the countries do pay back though.
- vuln 8y agoHere is an example of 8 countries that are about to default. https://qz.com/1223768/china-debt-trap-these-eight-countries-are-in-danger-of-debt-overloads-from-chinas-belt-and-road-plans/ https://qz.com/1223768/china-debt-trap-these-eight-countries...