'Clock has hit midnight': China loans pushing world’s poorest countries to brink of collapse.

jboldeniv

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Join Date: Sep 2020

Posts: 7679

Country: United States [US]
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'Clock has hit midnight': China loans pushing world’s poorest countries to brink of collapse.

05-18-2023, 04:52 AM

I strongly disapprove of the way China is trying to conquer the world. They are lending nations loans that they know they won't be able to pay back. Therefore, they lose their land.

China's loans pushing world’s poorest countries to brink of collapse

https://www.msn.com

A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. An Associated Press analysis of a dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia — found paying back that debt is consuming an ever-greater amount of the tax revenue needed...
Tags: china, foreign loans

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