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Just last week, they gave a megaport to Peru, the biggest in Latin America

• aSanchezStern 2y ago
  The infrastructure projects that China "gives" generally result in unsustainable debt burdens for the host countries that negatively impact their economies. https://bankruptcyroundtable.law.harvard.edu/2024/09/24/a-tale-of-two-debt-burdens-a-day-of-reckoning-for-chinas-debt-fueled-infrastructure-development-at-home-and-abroad/ https://bankruptcyroundtable.law.harvard.edu/2024/09/24/a-ta... https://www.gao.gov/products/gao-24-106866 https://www.gao.gov/products/gao-24-106866 https://clsbluesky.law.columbia.edu/2024/06/14/chinas-debt-fueled-infrastructure-development-faces-a-day-of-reckoning/?amp=1 https://clsbluesky.law.columbia.edu/2024/06/14/chinas-debt-f...
  • meiraleal 2y ago
    Still much better than IMF loans, heavy debt but no real infrastructure while forcing privatization to the group of western "friends"
• fennecfoxy 2y ago
  Business interests. Don't think that it's out of the goodness of their hearts.
  • meiraleal 2y ago
    Right. Goodness of their hearts only comes from the US. The others just want to take advantage, careful! /s