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Went through the rabbit hole for this and found that China offers to convert countries' debt in USD to CNY with a very low interest. [1] Just by doing this, Ke
by whynotmaybe 6mo ago
Went through the rabbit hole for this and found that China offers to convert countries' debt in USD to CNY with a very low interest. [1]
Just by doing this, Kenya saved 215 millions USD... on a Chinese USD loan. [2]
1: https://www.chathamhouse.org/2026/01/chinas-12-trillion-trade-surplus-will-increase-calls-stronger-renminbi-dont-expect-much https://www.chathamhouse.org/2026/01/chinas-12-trillion-trad...
2 : https://www.bloomberg.com/news/articles/2025-10-07/kenya-snags-215-million-saving-after-chinese-loan-currency-swap https://www.bloomberg.com/news/articles/2025-10-07/kenya-sna...
- mmooss 6mo agoVery interesting. Of course, that puts them more under China's influence.