Yes, China is very bad, but what about the borrowers?
Obviously the borrowers cannot be excused of any blame, the thing is, majority of this 'debtor countries' are all run by corrupt governments, and I believe China are fully aware of this fact, this loans more often than not wouldn't be utilized completely for the good of the country, meaning some individuals would be personally pocketing chunks of this money, at the end of the day, the loans wouldn't have provided any visible development and it becomes somewhat impossible for them to pay back. It is at this stage the Chinese government thus exploits the country the way they decide due to their inability to pay back the loan. 
Topic: Chinese loans leaves many countries in "hidden debts" - page 2. (Read 348 times)
That's the plan, to drown those country in debts because they have an agreement that they're going to take a portion of the land if they don't pay the debt and it's not really a hidden debt but more like a debt trap, a trap because the money loaned has a condition that it can only be given if about 50% of the workers or contractors in the project is a Chinese company so the money just recirculates plus they don't interfere with your internal affairs, sweet deal compared to USA.
I think I've heard of this debt trap before,iirc it's probably from one of those 1 minute videos by Nas Daily, they did cover this topic although I didn't finish it because it's social media, you're supposed to be mindlessly scrolling through. 
The street has this story as their morning coffee topics for years now...
i just surprised that there is a lot of people still talking about this and feel surprised in 2021
.
talking about macro economy isnt that easy, you'll just looks like a conspiracy theories die hard fan tho.
so far so good, china just doing their thing to conquer the world, is that what are you trying to say?
well, just look around you and see where is that stuff made? 90% must be made in china, that is the realistic power they have.
not that one you talked about .. the topic are quiet hard to consumed.
i just surprised that there is a lot of people still talking about this and feel surprised in 2021
. talking about macro economy isnt that easy, you'll just looks like a conspiracy theories die hard fan tho.
so far so good, china just doing their thing to conquer the world, is that what are you trying to say?
well, just look around you and see where is that stuff made? 90% must be made in china, that is the realistic power they have.
not that one you talked about .. the topic are quiet hard to consumed.
That's the plan, to drown those country in debts because they have an agreement that they're going to take a portion of the land if they don't pay the debt and it's not really a hidden debt but more like a debt trap, a trap because the money loaned has a condition that it can only be given if about 50% of the workers or contractors in the project is a Chinese company so the money just recirculates plus they don't interfere with your internal affairs, sweet deal compared to USA.
I think this came out a few years ago as something China has been doing quite a lot to countries (especially in Africa).
I've watched a video explaining this and yes, they're in many places in Africa. In fact, that video that I can no longer found says that the majority of the African countries have Chinese debt. I forgot the only one or few countries that don't have debt on China. And they're doing the same thing in many Asian countries. This is actually a trap for most countries that cannot pay their debts, it's like the newest version of invasion but through debt trap.I remember they sold off their US bonds but only had $200bn. If they hold European debt or UK debt than it'll likely be paid back and not held on a threatening way - the EU has a vote every so often to eliminate the debts of the poorer countries, the UK just wants to feel wanted. The same goes for the countries I mentioned above - being unlikely to be indebted to China.
Well unlike China, we know how they're granting all of these loans and they have some agenda that they see towards the country that they're allowing those loans.
The Chinese Government is popular in handing out loans, especially to poorer countries, but recent research has it that it has left majority of this developing and underdeveloped countries in massive "hidden debts", see the excerpt below:
It's an important topic and the one that the authorities of developing countries should research more. My country is considering strengthening relationship with China and taking loans from it rather than from the International Monetary Fund. Getting a loan from China is much easier because there's no need to fight corruption or implement certain finance-related legislation. But apart from the fact you've mentioned, this sort of money also obviously comes with political strings of not mentioning the atrocities that China commits with human rights. So you end up indebted to a strong authoritarian regime, and that's never a good thing. Quote
Chinese loans leave developing countries with $385 billion in hidden debts, study says
The Chinese belt and road initiative is a scheme designed by China to support developing countries by financing numerous projects in their country, but this scheme rather than actually aiding this countries, looks more like it makes them more and more indebted to China, see the excerpt below:Quote
China currently spends at least twice as much on international development finance as the U.S. and other major economic powers, according to the AidData report — around $85 billion a year. However, this is often in the form of debt rather than aid,
I think this came out a few years ago as something China has been doing quite a lot to countries (especially in Africa).
I've watched a video explaining this and yes, they're in many places in Africa. In fact, that video that I can no longer found says that the majority of the African countries have Chinese debt. I forgot the only one or few countries that don't have debt on China. And they're doing the same thing in many Asian countries. This is actually a trap for most countries that cannot pay their debts, it's like the newest version of invasion but through debt trap.This is a plot to conquer the Asian countries and China is not staying back from this as a way to show that they also have the capacity to entice and subdue the government of less developed in Asia. Loan and military support are few ways that countries see themselves as inferior to others because hunger has no end if support don't come and these governments are asked to go for loans but with attachment underneath that in the future won't favour the debtors. In the past, it was majorly by dominating the people physically to rule over them but at the time now that has been exchanged to loans, financial and incentive to work or school .
Having said all these, is this a way that the Chinese government intends to keep many countries of the world indebted to them through this debt trap,
Believe it or not, it's a fact, one of the countries that opposes and doesn't want to take loans from china is malaysia: Beware of China 'debt trap', Malaysia's Mahathir tells the Philippines, they are tired and tired of debt interest that swells every year, the reason for aid / funds for large projects, actually flowers and becomes debt.China has been known for a long time in providing loans to countries that have weak economies, Asia's most easy target, apart from Malaysia, Indonesia is on the verge of collapse due to China's swelling debt, for 2021 Indonesia has a debt to China of $21.12 billion, this is 6 times larger in the previous year, not to mention loans from the United States, Japan and several other countries such as Singapore, among these countries China is the largest in lending, China is sneaky when it comes to lending.
That is for Countries that are dependent on the system, which doesn't include people within the countries that are not dependent on the system. This is why I continue to encourage people to avoid becoming too dependent on system/government. They need to be independent. Thankfully we have lots of independent people(probably most of them) where I'm from. They live self-sustaining lifestyle, and when they use infrastructures owned by the system they pay for them.
Our World belongs to us not the evil system. It will remain ours.
*What I own is theirs, and i could take back what was given to any oppressor and give them to the ones that they may try to oppress. and the oppressors will beg for what was taken from them. .
Our World belongs to us not the evil system. It will remain ours.
*What I own is theirs, and i could take back what was given to any oppressor and give them to the ones that they may try to oppress. and the oppressors will beg for what was taken from them. .
Anything coming out of China willl be lies and deceit. I wouldn't trust a chinese with anything. They would rather "save face" than alert the world of a extremely contagious virus that kills 2-3% of the infected population. They even lie to their own people, even if it costs them their lives. They massacre falon gong practicioners based on a lie and they commit genocide on the Uigyurs also based on lies. Never trust China. China will be the end of the world.
Having said all these, is this a way that the Chinese government intends to keep many countries of the world indebted to them through this debt trap, knowing fully well that most of them would falter in repaying the loan leaving the Chinese government no other option but to seize some of their assets...
Yes, China is very bad, but what about the borrowers?
This reminds me of the 2008 crisis when people, after having their homes foreclosed, blamed only the bank. And yes, the banks had a lot of blame, but the person who borrowed beyond their means on a credit binge had their share of blame too, let's not forget that.
Yes, but countries are in desperate need of funds right now due to the pandemic. It's also like you said, they're borrowing money because they need it, but they don't realize they've already borrowed money that will be difficult to repay because it's so large. We should borrow money that we will be able to repay. However, this is no longer the case, as countries urgently require funds due to the pandemic.
Having said all these, is this a way that the Chinese government intends to keep many countries of the world indebted to them through this debt trap,
China is strategically planning to take over world power and having indebted countries is just one of their strategy. China know the loans can't be paid back and in exchange they take control over the countries (this could be through control of natural resources or other means) thereby enlarging their entourage in the process.
China has their targeted market and that's developing (struggling countries) and Africa counties are at the forefront. This is the only way they can take over world power. The more county they control they more power they have and since the countries will all be in debt to them, there isn't much that can be done as they'll simple obey whatever terms China comes up with to clear their debts.
I believe there's a term used to describe this - "Economic Colonialism", and it is a major concern for economic activist in most of the developing and under developed countries where there is corruption, that China happily hands out loans to knowing that paying back will be difficult.
Because of corruption as well, some of these loans are needless IMHO, and sometimes just a ploy between corrupt politicians of the borrowing countries and the Chinese government to get what they both want, that is more money to embezzle for corrupt politicians and economic influence/resources for the Chinese government from that country.
Having said all these, is this a way that the Chinese government intends to keep many countries of the world indebted to them through this debt trap, knowing fully well that most of them would falter in repaying the loan leaving the Chinese government no other option but to seize some of their assets...
Yes, China is very bad, but what about the borrowers?
This reminds me of the 2008 crisis when people, after having their homes foreclosed, blamed only the bank. And yes, the banks had a lot of blame, but the person who borrowed beyond their means on a credit binge had their share of blame too, let's not forget that.
The interest that the Chinese ask is way lower than the interest that US asks for countries that loans. How is that a debt trap?
Sri Lanka for instance ask the Chinese government for a port development but the port seems to have been useless since they defaulted despite the low interest. It's not the Chinese fault. It's not true that because Sri Lanka has defaulted, China now owns the port. The Chinese however rented the port to develop it further for 75years according to some reports I've read.
It's sort of diplomacy but the Chinese are there to develop not to invade, ruin or make war.
This has been an issue with China for quite some time. China is now rich enough to shower other countries with all kinds of projects by way of loans.
Airports, roads, ports, subways, skyways, and so on and so forth are built on foreign lands using Chinese money. The countries on which these huge infrastructures are built don't have to spend a penny for them to see what they may consider a step toward development. The payment will come afterwards, of course. And it comes with a heavy interest. The indebted countries, mostly poor ones, will have a hard time paying, of course. But it seems China is lenient. They would even continue to grant more and more loans. Of course, everybody knows these are debt traps.
But this is actually not a way to seize sovereign assets from other countries. This is more than that. This is actually a way for China to seize no less than the country's sovereignty itself. China is now holding a lot of countries by their necks. They can demand utmost loyalty to these countries. China has made strong leverage using debt traps. And it seems it has already gone to a point where other powerful countries cannot anymore control.
Airports, roads, ports, subways, skyways, and so on and so forth are built on foreign lands using Chinese money. The countries on which these huge infrastructures are built don't have to spend a penny for them to see what they may consider a step toward development. The payment will come afterwards, of course. And it comes with a heavy interest. The indebted countries, mostly poor ones, will have a hard time paying, of course. But it seems China is lenient. They would even continue to grant more and more loans. Of course, everybody knows these are debt traps.
But this is actually not a way to seize sovereign assets from other countries. This is more than that. This is actually a way for China to seize no less than the country's sovereignty itself. China is now holding a lot of countries by their necks. They can demand utmost loyalty to these countries. China has made strong leverage using debt traps. And it seems it has already gone to a point where other powerful countries cannot anymore control.
I think this came out a few years ago as something China has been doing quite a lot to countries (especially in Africa).
Some other 3rd world country in Asia as well
I knew some Asian countries had it too but I can't remember their names.
I know Bangladesh, Thailand, Singapore and the EU were trying to tighten then grips/diplomacy/economy a while back to either keep China away or fill a gap in a market they saw was available.
The EU and UK trading block appear to also be starting to get better relationships with some African countries (from memory, they've seemed quite close to Morocco, Egypt and Tunisia).
I think this came out a few years ago as something China has been doing quite a lot to countries (especially in Africa).
I've watched a video explaining this and yes, they're in many places in Africa. In fact, that video that I can no longer found says that the majority of the African countries have Chinese debt. I forgot the only one or few countries that don't have debt on China. And they're doing the same thing in many Asian countries. This is actually a trap for most countries that cannot pay their debts, it's like the newest version of invasion but through debt trap.I remember they sold off their US bonds but only had $200bn. If they hold European debt or UK debt than it'll likely be paid back and not held on a threatening way - the EU has a vote every so often to eliminate the debts of the poorer countries, the UK just wants to feel wanted. The same goes for the countries I mentioned above - being unlikely to be indebted to China.
Lebron James and the NBA were forced to push certain politics. Due to certain demographics providing a significant portion of their funding.
The debt isn't free. Sometimes, it can come with strings attached.
Joe Rogan's podcast was recently bought by spotify for around $100 million. It is claimed that a good portion of spotify is owned by china. Which led many to fear Joe Rogan's content would be censored. Or pressure would be applied to persuade him to push certain agendas. I think those familiar with Joe Rogan can decide for themselves what is happening there if anything.
It isn't only podcasts or sports leagues who can be affected by funding, loans and debt. There are recent cases of entire countries being affected. The united states which provides funding to many nations across the world. Could do so with certain strings attached. Perhaps this is becoming a normalized part of politics and life. The secrecy of it however does appear to be a somewhat new thing. There have been many pushes for transparency and free access to information, which secrecy trends opposite of.
The debt isn't free. Sometimes, it can come with strings attached.
Joe Rogan's podcast was recently bought by spotify for around $100 million. It is claimed that a good portion of spotify is owned by china. Which led many to fear Joe Rogan's content would be censored. Or pressure would be applied to persuade him to push certain agendas. I think those familiar with Joe Rogan can decide for themselves what is happening there if anything.
It isn't only podcasts or sports leagues who can be affected by funding, loans and debt. There are recent cases of entire countries being affected. The united states which provides funding to many nations across the world. Could do so with certain strings attached. Perhaps this is becoming a normalized part of politics and life. The secrecy of it however does appear to be a somewhat new thing. There have been many pushes for transparency and free access to information, which secrecy trends opposite of.
I don't think that people should necessarily zero in on China. The US and other western countries are just as guilty of this.
There is such thing as "debt trap diplomacy".
Essentially, lend out so much money that people can't afford to repay, don't tell them anything, until it's time for them to default.
Then, use that as political leverage and accuse them as wrongdoing. It's a century old practice. Nothing to see here.
There is such thing as "debt trap diplomacy".
Essentially, lend out so much money that people can't afford to repay, don't tell them anything, until it's time for them to default.
Then, use that as political leverage and accuse them as wrongdoing. It's a century old practice. Nothing to see here.
I think this came out a few years ago as something China has been doing quite a lot to countries (especially in Africa).
I've watched a video explaining this and yes, they're in many places in Africa. In fact, that video that I can no longer found says that the majority of the African countries have Chinese debt. I forgot the only one or few countries that don't have debt on China. And they're doing the same thing in many Asian countries. This is actually a trap for most countries that cannot pay their debts, it's like the newest version of invasion but through debt trap. legendary
Activity: 2450
Merit: 4295
eXch.cx - Automatic crypto Swap Exchange.
Having said all these, is this a way that the Chinese government intends to keep many countries of the world indebted to them through this debt trap,
China is strategically planning to take over world power and having indebted countries is just one of their strategy. China know the loans can't be paid back and in exchange they take control over the countries (this could be through control of natural resources or other means) thereby enlarging their entourage in the process.
China has their targeted market and that's developing (struggling countries) and Africa counties are at the forefront. This is the only way they can take over world power. The more county they control they more power they have and since the countries will all be in debt to them, there isn't much that can be done as they'll simple obey whatever terms China comes up with to clear their debts.
Jump to: