Wait you can just refuse to pay? Don't they take collateral!It’s not a debt trap when African countries can just refuse to pay….
stop buying into western propaganda.
Doesn't China have Mombassa port as collateral if Kenya does not pay back their loan.It’s not a debt trap when African countries can just refuse to pay….
stop buying into western propaganda.
And if Kenya says no. What are they gonna do? Take a piece of land that exists in another country? The collateral means nothing because a country can’t just come in and take the over a part of another country in 2021Doesn't Kenya have Mombassa port as collateral if they don't pay their loan back
That will negatively impact the country's credit rating the country won't be able to get future loans.And if Kenya says no. What are they gonna do? Take a piece of land that exists in another country? The collateral means nothing because a country can’t just come in and take the over a part of another country in 2021
on top of that, China has even forgiven loans for free to some countries.
The trains are not profitable. If they are ganna go in debt to the Chinese they should have done it for an energy project. Like a dam project, natural gas plant, geothermal plant.Africans don't have the capability or infrastructure to exploit their resources and develop, and China is eager to project soft power, I don't see a disadvantage.
Nobody forces these leaders to sign poor deals, all of this is consensual.
Railroads are the most efficient transportation mode for moving goods on the earth's surface, they are critical for not only spurring economic development but providing better access to jobs and services.The trains are not profitable. If they are ganna go in debt to the Chinese they should have done it for an energy project. Like a dam project, natural gas plant, geothermal plant.
If you don't have natural resources, you need loans to grow your economy. So what if you can't pay it, the lenders can takeover the property but it will still be functioning and people will still use it. That will result in the economy growing overall. It's not a bad thing in my opinion. I'd rather have a country with a lot of infrastructure and a lot of debt than a country with no debt and no infrastructure. If you have debt, you are hooked into the world economy and you have leverage.
The international law doesn't work in mooryaan way, especially with a country like China. There contracts and so on that bending themIt’s not a debt trap when African countries can just refuse to pay….
stop buying into western propaganda.
the whole “China is buying Africa” shit is just western countries upset that Africa no longer wants anything to do with them.
China is overing a ridiculous amount of loans to those nations who are often led by corrupt officials who hide away the dealings from their people and the media from facing any scrutiny andIt’s not a debt trap when African countries can just refuse to pay….
stop buying into western propaganda.
the whole “China is buying Africa” shit is just western countries upset that Africa no longer wants anything to do with them.
That's why these Volvos quality went downThe Chinese also owns Volvo. If they decide to shut it down, Gothenburg would be way worse than Malmö as far as street shit is concerned
And if Kenya says no. What are they gonna do? Take a piece of land that exists in another country? The collateral means nothing because a country can’t just come in and take the over a part of another country in 2021
on top of that, China has even forgiven loans for free to some countries.
Well it happened in sri lanka
And if Kenya says no. What are they gonna do? Take a piece of land that exists in another country? The collateral means nothing because a country can’t just come in and take the over a part of another country in 2021
on top of that, China has even forgiven loans for free to some countries.
Read this piece by one of the oldest western propaganda publishers that talks about Sri Lanka and China
The Chinese ‘Debt Trap’ Is a Myth
The narrative wrongfully portrays both Beijing and the developing countries it deals with.www.theatlantic.com
Didn't sri lanka default on the payments.