Developing countries owe China at least $1.1 trillion – and the debts are due | CNN Business
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Developing countries owe Chinese lenders at least $1.1 trillion dollars, according to a new data analysis published Monday, which says more than half of the thousands of loans China has doled out over two decades are due as many borrowers struggle financially.

Hong Kong CNN — Developing countries owe Chinese lenders at least $1.1 trillion dollars, according to a new data analysis published Monday, which says more than half of the thousands of loans China has doled out over two decades are due as many borrowers struggle financially.

  • rivermonster@sh.itjust.works
    10·
    1 year ago

    Economic colonialism ultimately faces the same end as military colonialism. May be a short-term boon for China, but in the long term, it’ll drag them down.

    Though if they keep pushing for a direct military conflict with the US, none of these gambles will pay off.

    • SkyeStarfall
      7·
      1 year ago

      I don’t know if it will drag China down, after all colonialism didn’t drag Europe down historically.

      It does drag humanity as a whole down, though. Cooperation is always more efficient and with greater rewards than aggressive competition, which just ends with everyone bloodied and one as the “winner”.