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> default on it and hand the stranded assets back to creditors I doubt the debt is secured by the power assets. If anything, maybe China can assume ownership
by throwaway2037 11mo ago
> default on it and hand the stranded assets back to creditors
I doubt the debt is secured by the power assets. If anything, maybe China can assume ownership of the entire powerplant if Pakistan cannot pay. They have done that many times in Africa. See: "debt-trap diplomacy". Also, it is terrible advice to tell a country to default on external debt. See: Argentina!
- deleted 11mo ago[deleted]
- toomuchtodo 11mo agoArgentina has defaulted nine times in its history. One or two times is not material, based on historical observations. https://en.wikipedia.org/wiki/List_of_sovereign_debt_crises https://en.wikipedia.org/wiki/List_of_sovereign_debt_crises
- JumpCrisscross 11mo ago> Argentina has defaulted nine times in its history Argentina doesn’t make a habit of hosting its creditors’ troops [1]. [1] http://eng.mod.gov.cn/xb/News_213114/TopStories/16353167.html http://eng.mod.gov.cn/xb/News_213114/TopStories/16353167.htm...