Miscellaneous News
- Thread starter bd popeye
- Start date
Putin has written off Soviet debt to many countries. Not that Russians hate money, but because those countries are insolvent. The Soviet Union at its peak was very generous and never imagined that someday it would fall to hell.
In recent years, China has lent money to many countries. And that leads to economic and political troubles. The West does not miss the opportunity to insult China. China's image became ugly because of the concept of "debt trap". The sad thing is that many countries borrow money from China, then do not want to repay the debt and blame China
China should limit lending, and use that money to buy gold and store rare metals.
In recent years, China has lent money to many countries. And that leads to economic and political troubles. The West does not miss the opportunity to insult China. China's image became ugly because of the concept of "debt trap". The sad thing is that many countries borrow money from China, then do not want to repay the debt and blame China
China should limit lending, and use that money to buy gold and store rare metals.
It was not all about generosity - Russia has taken the responsibility for Soviet foreign debt in exchange for ownership of all Soviet foreign assets (mainly real estate) and some military equipment, so it was essentially a trade. Similarly, writing off small old debts is a way to improve foreign relations and, sometimes, a way to create new export markets when they give loans to buy Russian military equipment & then write them off.
The article you cited also peddles blatant fake news:
Sri Lanka was not forced by anyone, it was their initiative to pay off IMF debts. Therefore, the article is lying and I am thinking that it is not a legitimate news site but some shitty Indian fake news propaganda crap.
I think the investment policy is working properly. And when countries like Sri Lanka can't pay then the Chinese company can simply take back the asset for a couple decades more. The US makes a big deal of this but similar deals happen for hydroelectric plants all the time for example.
1. So you think it brings a one-way benefits to the Russians and every Russians are happy with debt removal for other countries?
2. Real or fake, the West does not care. They need a reason and opportunity to insult China.. If the truth is higher than all, there will never be problems such as "genocide" or "slave labor" ....You don't believe it. That doesn't mean everyone and every country are like you
Lending money, bringing too much economic and political risks.
Spoiler alert, EU won't do anything for Lithuania
"Here is what I hear from European national security officials:
If Germany and France will not stand up for Lithuania and will now really tell China to stop blackmailing this EU member state, then:
1) DE + FR will not be trusted as real allies
2) EU China policy will be a joke"
"Here is what I hear from European national security officials:
If Germany and France will not stand up for Lithuania and will now really tell China to stop blackmailing this EU member state, then:
1) DE + FR will not be trusted as real allies
2) EU China policy will be a joke"
All I said is that there was no generosity but business, just like everywhere. Where did I say about "one-way" benefits to Russians? Point it out for me.
There's risks but there's also reward/windfall that comes with lending transactions. There's not a single policy or set of policies being made by China that doesn't carry any political or geopolitical risks but so far the benefits have more than make up for it.
If any countries let alone China follows your loopy ideas on trade and economy all to avoid being vilified, criticized by your rivals then you might as well give up your aspirations for further development and accept the artificial limit and barriers set up by your geopolitical opponents.
I don't know where you have been and what planet you're on but ever since China’s meteoric rise economically, politically, and militarily these threat perceptions began more pointed and even cranked up to the tenth degree. If China was just a marginal power at best then all these noise about her wouldn't even be this magnified or have to be conjured up for propaganda.
Success breeds contempt and jealousy it's the same for any of us individuals that will taste any measure of extraordinary success. These phenomenon don't end when it comes to state to state situation.