4 ms·
How China lends: A rare look into 100 debt contracts with foreign governments
- hkmaxpro 5y agoRelated article from the Financial Times [1], its archive link [2], and HN thread [3] [1] https://www.ft.com/content/7e98795f-159b-4455-903e-6e21c345d4a9 https://www.ft.com/content/7e98795f-159b-4455-903e-6e21c345d... [2] https://archive.is/xGwR8 https://archive.is/xGwR8 [3] https://news.ycombinator.com/item?id=26654260 https://news.ycombinator.com/item?id=26654260
- Isamu 5y agoVery interesting peek into this opaque topic, so much so that I thought I should forward this to someone I know... only to realize they are one of the authors (lol).
- vmception 5y agoSomeone should re-write "Confessions of an Economic Hitman" and make it about the Chinese banks instead of the IMF because they definitely read the former book as an instruction manual whether it was true, whether those practices had major effect if they were true, or whether it was completely untrue
- youeseh 5y agoI suppose one should ask, "could those countries have gotten better deals elsewhere?"
- redis_mlc 5y agoMost people don't consider bribery to be a "deal." And regarding the numerous port deals, China has 18,000 ships and the BRI dupes often have one or two coast guard boats. So after they default, China gets a place to tie up their navy - that's what "string of pearls" is all about. And before I forget, the BRI money comes from US capital markets, which is what Trump/Pompeo were in the process of shutting off. But then slides in the Biden family ...