China is now the world's largest official creditor https://t.co/slwBhb2mLF— The Economist (@TheEconomist) October 23, 2019
WNU Editor: The Chinese are brutal when they want to be paid back. Here is an easy prediction. Many of these countries are going to regret going into bed with China.
Your comment about the chinese being brutal should apply to every lender. That being IMF / EU etc. Take for example Greece and the fact that every major public owned corporation as well as land and other important assets in plain terms are mortgaged to the EU for a period of 99 years. So this is not for the chinese this is capitalism.
ReplyDeleteI was going to say, the imf are any better? Probably worst in my opinion
ReplyDeleteGood for them. do they fund Mcdonalds expansion?
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