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if you've been tracking the shark deals they give countries for loans, I think you'd recant what you just said. "while the CCP accuses the West of predatory in
by OrvalWintermute 1y ago
if you've been tracking the shark deals they give countries for loans, I think you'd recant what you just said.
"while the CCP accuses the West of predatory interest rates, the average Chinese rescue loan carries an interest rate of about 5 percent, more than double the IMF’s standard 2 percent. As of Oct. 1, 2025, despite higher U.S. interest rates, the IMF’s Special Drawing Rights lending rate stands at only 3.41 percent, still significantly lower than what China charges struggling nations for so-called relief."
These countries paying these loans are the ones least able to pay them back, and at more than double IMF loans, they are really putting them in a vise.
- skinnymuch 1y agoChina’s retribution or punishment against loan issues is nowhere close to IMF and the west. Same with them not wanting the state to do what they want. You did the equivalent of showing some stat showing black and brown people do violence and crimes and saying “see how uncivilized they are” ignoring everything else.