China forgives debt to 17 countries

Wtf, bros? I thought China was supposed to take over Africa with debt?

news.com.au/finance/economy/china-forgives-debt-for-17-african-nations/news-story/28ab7f45440142634ff8efd0360b2fec

Attached: debt.jpg (1080x1103, 191.76K)

Other urls found in this thread:

tellerreport.com/life/2021-05-24-today-the-economy---telecoms--beijing-ousted-from-the-5g-market-in-ethiopia.BybmDT5YFu.html
reuters.com/business/media-telecom/ethiopias-state-telecom-launches-5g-services-capital-2022-05-09
twitter.com/SFWRedditImages

obviously they're not doing it out of the goodness of their heart, they're getting something out of it even if it isn't cash

Here it is the insecure white
At this point the west is going to be china tier dictatorship but gay XD

The true Jesus of countries.

Polandbros.................................................................................................................

I never really understood the "debt trap" argument because it relies on the assumption that they were somehow forced to take the debt in the first place.
Ports and military access are probably what they're looking for, handing out loans is an incentive for the third world to cooperate.

>China has pledged
So they haven't done it yet.

Fuck off cuck

poor nations hardly get any investment, which is why they take any deal they can,.

remember that one time an IT guy caught the fact that at night the servers at the african union building that china build would send data to china and they did a sweep of the whole building because of it and found hundreds of spy equipment like microphones and tiny cameras all over the place?
yeah.

Attached: Screenshot 2022-08-22 at 14-56-19 China gifted the African Union a headquarters building and then allegedly had it bugged.png (1609x827, 2M)

Majority of the debt these African countries and Sri Lanka for that matter owe are to western countries.

The fact that westoids have been crying so much about China's debt trap should have been a dead giveaway of how much the westoids have been pushing these countries to take on.

China writes off the debts because they got the cash reserves and have benefitted enough from their projects to write them off and still gain or break even, while the westoids are about to get fucked over, since so much of their economy is debt based itself. We're going to see Africa and Sri Lanka's defaults causing a massive chain through the west, while China has already gotten enough out of the projects the loans are attached to to still profit from a debt write off.

They offered better terms than the west because they were naive, and it keeps Chinese businesses employed as they eventually run out of things to build in China. Those are basically the boring, real reasons but debt trap gets more clicks on news articles so whatever

What the US, UK, France and the World Bank and IMF have done and continue to do in Africa is far far worse than anything china could ever do

here's the ship that just docked in Sri Lanka 1 week ago

Attached: https___cdn.cnn.com_cnnnext_dam_assets_220816021443-02-chinese-military-ship-sri-lanka[1].jpg (1200x675, 118.82K)

>obviously they're not doing it out of the goodness of their heart
Perfidious Albion projecting again

Yeah debunked story because the data was for routine server updates

2021:
tellerreport.com/life/2021-05-24-today-the-economy---telecoms--beijing-ousted-from-the-5g-market-in-ethiopia.BybmDT5YFu.html

2022:
reuters.com/business/media-telecom/ethiopias-state-telecom-launches-5g-services-capital-2022-05-09

Lmao china chads keep winning. Westoids taking Ls

African countries now have better telecoms and transport networks than America because of China

lmao worst take yet. I don't think China hasn't actually profited from loaning to thirdies, the west is pretty well insulated from thirdie loans because we know how fucking pointless it is, and holy shit you think western economies are based on debt you clearly don't know much about the Chinese economy

...

I remember the westoids cheering when Sri Lanka delayed giving the ship permission to dock, 1 week before it was lmao

Looks like that Indian/US miltiary exercise is going to have Chinese observers after all

>Debt trap
Sounds to me like you guys confuse Bugman with IMF

>tf

Holy shit you (((people))) really have no self-awareness, do you?

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the articles you linked have absolutely nothing to do with what I said, nada
if you have something to say then say it, wasn't the point of the ((())) to dogwhistle to people you're talking about jews without them knowing? everyone knows it means jews, why the fuck do you tards insist on using it