andel posted... you are regurgitating chinese propaganda while ignoring china's blatant pillaging of land and resources and trapping multiple impoverished nations in generational debt. they are using the same playbook the wagner group and russians are using, buying a foothold with corrupt regimes while pillaging resources and destroying the land.
'renegotiating' debt traps =/= forgiving debt, they are just leveraging their position to accumulate more and more resources while offering short term payoffs to specific regimes they know are open to selling out the future for commas in offshore bank accounts.
china's current "belt and road" model of neo colonialism is the most blatant and appalling example of modern exploitation. they have long been content to bulldoze low income families out of their homes to build gaudy eyesores that will be empty in a decade and offer nothing but financial ruin to local communities. china has taken the long held western tradition of exploiting impoverished nations and trapping them in generational poverty and perfected it with their own brand of evil for the 21st century. chinese foreign policy consists of uncontrollable greed and the spreading of misery in their wake.
Yawn more useless personal anecdotes based on stereotypes and hearsay. China's domestic policies are irrelevant to their foreign policies.
Facts based on actual research shows that Chinese economic investment in foreign countries are far more benign. But hey keep regurgitating nonsense Trump used as propaganda in the trade war.
https://rhg.com/research/new-data-on-the-debt-trap-question/
Debt renegotiations and distress among borrowing countries are common. The sheer volume of debt renegotiations points to legitimate concerns about the sustainability of Chinas outbound lending. More cases of distress are likely in a few years as many Chinese projects were launched from 2013 to 2016, along with the loans to finance them.
Asset seizures are a rare occurrence. Debt renegotiations usually involve a more balanced outcome between lender and borrower, ranging from extensions of loan terms and repayment deadlines to explicit refinancing, or partial or even total debt forgiveness (the most common outcome).
Despite its economic weight, Chinas leverage in negotiations is limited. Many of the cases reviewed involved an outcome in the favor of the borrower, and especially so when host countries had access to alternative financing sources or relied on an external event (such as a change in leadership) to demand different terms.