More countries are struggling to pay back Chinese debt | DW Business

[@VL-inquisitor]

More countries are struggling to pay back debts denominated in USD as the US is hiking its interest rates.....! This should have been the title of this clip.

[@MFYouTube683]

Shocker. Who could have seen this coming? 🙄

[@joannebottcher9779]

What worries me, as a South African, is what deals have been made with China to access borrowed money and the consequences to our society in the medium and long term.

[@Anemoia100]

Argh shame and are you also soooo worried about all the debt that has been forced on us from mostly Western lenders (IMF, World Bank and private) who are actually extremely predatory (double the interest rates, zero debt forgiveness, little to zero infrastructure development and forced austerity) or is all your worry reserved for the Chinese?

[@Anemoia100]

I’d also like to add that Chinese loans are more mutually beneficial and focus on long term economic development rather than privatisation of natural resources and wealth & labour extraction for short term profits for the elites in the north. The Chinese also don’t meddle in the internal political affairs of other states…everything I stated here is factual and information is easily accessible btw.

[@André__Vasconcelos__Sá]

IFM have the biggest loan interest in the wordl, they want keep poor countries to keep send money to them.

[@foohiben]

Without money to develop your own country, what are the best options. Stay poor and lacking infrastructure. IMF is not going to give a free ride. They will dictate on their own terms. That's normal when the country cannot sustain on their own. Unless they want to stay backwards, that's what their people wish for.

[@odetepedrosa6126]

​@@Anemoia100 All that you say sounds like chinese pro paganda! China communist government is a threat to the people freedom of an indebted nation! Look out when much money is given for loan at a long term! This is a way to keep you tied up by the lender!

[@springwater3164]

Friends bought with money will be your friends so long as you continue to give. By the time you stop, they'll hate you more than those who never helped. True bonds come from similar values.

[@fickle1207]

Who's China's real friend?

[@sandylee7144]

And some countries who never thought of repaying played friends. Both parties seem happy to continue playing on. But somehow the West is taking this seriously.

[@springwater3164]

​@@sandylee7144 The West reads the contract literally.

[@franciscocz8384]

True bonds come from interests. There was a time when western people married each other for interests, rather than love or physical attraction. Those were the times where the West developed fastest. Nowadays the West is stucked, because people focus too much on superficial ideals.

[@45641560456405640563]

@@franciscocz8384 Ummmm......

[@Dead_Last]

Oh my god, no one saw this coming. They were totally not warned.

[@mixma242]

The people who got paid saw it coming. They just didn't care.

[@gdiwolverinemale2745]

... particularly given this is nothing like what IMF and World Bank, controlled by the WEST, have been doing for decades to developing countries .... wait .... that is precisely what IMF and World Bank were doing all the time to the developing countries. What a hypocrisy

[@SlavaBagmut]

Greedy politicians saw it but didn't care. All the care about is their wealth, their don't give a F about poor citizens.

[@suezcontours6653]

@@mixma242 ?So? Don't you know how debt works? There's good debt and bad debt. You don't have to pay it back immediately, you can restructure

[@freespiritable]

​@@suezcontours6653 do you know how debt from China works? They don't want the money back. They want to blackmail governments

[@robertcollins403]

That is why I don't understand why others countries needed China. China wanted to take any parts from or land if they can't pay back Chinas money

[@André__Vasconcelos__Sá]

IFM have the biggest loan interest in the wordl, they want keep poor countries to keep send money to them.

[@jivaparthipan4286]

love to see a video on the many countries struggling to pay IMF loans too

[@niburu1508]

Kiva - their interest rates are far higher than China’s and new loans are only to pay off previous loan which is a viscous debt trap. Chinese lend for infrastructure to enable TRADE and progress.

[@matthewmiller6568]

They've done videos on that...

[@sandife4nandes365]

The IMF has their securities exposed. China is very secretive regarding their securities therefore, RMB loans are very unstable as no one but Xi knows the true value. If China has printed more money than securities, borrowers are in big trouble. However, it would benefit the U.S. as they will not be the supplier of money to countries in trouble with interest free or no payback loans/debt. This would eliminate the U.S. deficit completely.

[@zhoubaidinh403]

Also, would love DW do a deep dive on who blew up them pipes!

[@carlose6010]

​@@niburu1508 The IMF lends for struggling countries, to hopefully get out of their rut.

[@Whataboutism-o8j]

Borrow only if you can pay for it.

[@diazvirdani1059]

*China🇨🇳 have border disputes with Taiwan, Tajikistan, Pakistan, India, Bhutan, Japan, Vietnam, Philippines.* make border agreement & keep peace!!

[@fulviopontarollo2952]

5:10 waiting for Argentina to give back all that money? I foresee no problem at all for the future and I am not reminded of any similare past occurrence

[@zapfanzapfan]

One belt to rule them all, and in the darkness bind them...

[@michaele4830]

Here the difference, when the West give loans it comes with many string attached.

[@rncmv]

a Gringo talking nonsense?:

[@André__Vasconcelos__Sá]

IFM have the biggest loan interest in the wordl, they want keep poor countries to keep send money to them.

[@zapfanzapfan]

@@rncmvYou accuse me of being American?

[@zapfanzapfan]

@@André__Vasconcelos__SáNo one is forced to take loans from IMF but if regular banks refuse to lend because the risk is too high then IMF is the last resort.

[@jamesn-guyen8312]

Debt trap or not what has the west offered the developing world compared to China and what have these developing countries have to show for centuries of European involvement?

[@TheTruth2505]

We in Malaysia we did not borrow money from China but we have been asking China to invest in our country. Investment and debt are so different. I don't know why many countries borrow money with China.

[@aeonstorn7823]

Well, investment is one way to say borrow, vise versa, depends on which side you are. For this channel, China has to be evil. So they borrowed from China and trapped in debt.

[@onexoxtoo]

ECRL

[@lorddebate]

Those countries at the end of the day has been helping chinese economy.. those countries pay back loans with high interest rates .. and those projects go to Chinese companies .. they import Chinese goods to those projects .. even labors . Who would at the end of the day benefitted from those

[@davidwhitehouse2162]

It is certainly not out of a sense of benevolence that China started these lending programmes, but influence most certainly. With loans of billions brings a level of gratitude and perceived friendship, it also includes other likely conditions especially where attitudes towards Taiwan are considered. The Chinese Communist party has done it's level best to isolate Taiwan and influence countries that trade or consider themselves as friendly. There is little difference between the CCP and Chinese banks, so any country that accepts loans or embarks on infrastructure programmes will most likely be 'instructed' to distance itself from dealing with Taiwan. Countries not even on the Belt and Road deal have been threatened with disruptions to their trade situations, when appearing to have opinions on Taiwan sovereignty. If you accept Chinese money, you will undoubtedly have to understand the political strings that come with it.

[@TheGoldenDonuttt]

Same can be said about the US right?

[@jeremytine]

100%

[@dtsai]

They own China money. If they don't pay, China will use it's weapons to conquer what is owed to them. They cannot steal China's money that they got from USA jobs and purchases. It must be paid back!

[@eddapultstab2078]

​@@TheGoldenDonuttt the difference is the fed has the reserve, but it does not own the banks

[@tomhenry897]

Your IQ is low We forgive loans

[@Optionsforall]

Why didn’t China let the countries borrow the money to pay the debt they owe instead of “investing in structures” where are the receipts?????

[@dammitdan106]

What is collateral for these "loans?" The debtors' land.

[@alexandru5369]

Yep look at Sri Lanka they leased their ports too China for 99 years considering they are an Island China controls the place for the next 99 years

[@samsonsoturian6013]

Sometimes yes. Sometimes the loan is conditional the debtor only says nice things about China.

[@scratchy996]

It's control over those countries. That was the intention form the start, China knew they can't pay back.

[@André__Vasconcelos__Sá]

IFM have the biggest loan interest in the wordl, they want keep poor countries to keep send money to them.

[@GrahamWhatmough]

wow, so outsourcing all of you labour and manufacturing to one country and letting them own your resources and ports can backfire?! Im shocked

[@dr4jm]

Very misleading title. The content is that China is taking a big risk investing in BRI countries to develop their infrastructure. China and its bank faces potential huge loses in these risky ventures, but insead of simply pulling the plug, they restructure the loans or in better risk economies, they continue to pump money. Now which western bank or country are willing to help develop these countries? Even Sri Lanka owes more money to foreign banks than to China.

[@jorgeabraham3414]

do you expect anything from western mainstream media? Their role is basically mislead...

[@sinic1978]

Of course it's misleading. This is a DW report. What did you expect from DW ?

[@retireddeloach]

I remember reading articles about the USA forgiving all foreign debts following WWII excluding Germany and Japan, of course, after we loaned them money to rebuild their infrastructure. The world will never get that level of generosity and forgiveness from China.

[@Gmordor]

Seriously? Generosity and forgiveness ? In the mean time China is sustaining the russia aggressivity !

[@jesusaguilar4585]

​@@Gmordor Europe is still getting oil and gas from Russia through middlemen. The entire ban is a joke.

[@mondaymilitsiya]

If China won WW3, I'm sure they'll forgive all debts. Has nothing to do with generosity and forgiveness. If you let China have a military base in your country and control it (like US in Europe) I'm sure the debts wouldn't matter.

[@JA-pn4ji]

Well, that's a lie. The UK only completed paying off its wartime debt to the US by 2004.

[@Qaleyahmaley]

USSR did not! they said we are not gonna pay, do whatever you want. And now it's time for payback. ;)

[@Ian.549]

But on the other had China is struggling to pay it's debts back to the world banks etc. China borrowed too much for ventures that would never be profitable. Lots of money going out but little coming in.

[@miltononyango]

any data to prove this ..

[@Seanw-ij7yx]

australia literally making documentaries crying to china, begging it to come back. stop talking kid.

[@mikeabcable]

DW should invite Cyrus Janssen and discuss about the subject.

[@jeremytine]

Why? He is a known CCP shill/simp. A golf instructor who went into marketing. Not an economist. He isn't credible 😂

[@thematic3893]

100% he would be a great addition!!!

[@davidlee8375]

At least they get infrastructure, after all this time ,other western countries didn't do anything and just take.its not the lender's fault if the countries which borrow the money cannot repay their dept. Why doesn't the world bank lend them the money. Instead they lend it to Ukraine?

[@TheGoldenDonuttt]

Exactly! The West just take and take and take. All talk and no action. You wonder why the Africans are sick of the West and are leaning towards the Chinese.

[@tomhenry897]

For the Chinese military and business

[@Foxvalleyproduction]

Title nailed it, trap. America never took oil fields or ports when not paid back. BIG difference.

[@chyfour]

These countries agreed to do this in the first place, the borrowers now defaulted. As the lender, how would you do?

[@movdqa]

Write it off. No different from taking a loss on a trade, house or other asset.

[@Alex-bl6oi]

It was more of an agreement between China and the leaders of those countries, not the people of the countries. So, write it off. Many of these agreements were with corrupt leaders that took bribes for signing the contracts. Why should the people of these poor countries continue to pay these debts off a bad deal. China knew the risk, time for them to take a hit.

[@startracksha]

Looool. When did US write it off?

[@movdqa]

@@startracksha The US approach is to do a bailout of the country which is actually a bailout of the US banks that did the loans. In the recent case of SIVB, I would have preferred if they had just let the bank fail but the people with money in it were too powerful to let that happen. I'm just saying what I do when I make a bad investment - I just eat it. I don't whine about it or ask for a government bailout.

[@PlaYer-sn5or]

​@@movdqa together with the west, China and the west write off all loans for all developing countries, how about that?

[@mechalovessquirrels]

This report wont point at that poor countries borrow from the west at 30% while rich countries borrow from the same market at less than 5%

[@giraffestretch5273]

Spelling error: your headline doesn’t say ‘debt’, it says ‘dept’. Pretty embarrassing

[@sockhal4595]

Come on, don’t be such a pore.

[@truthseeker94-w]

The US does the same through the IMF and WB. Nothing wrong with the Chinese alternative.

[@fine2502]

Debts are in stress due to US dollar rising interest rates. EMI increased because of US Fed. They are shifting blame. Dump dollar repay Chinese loan with Chinese currency , problems get solve.

[@andymcrae4661]

Reading your English hurts my head!

[@phil20_20]

That's it: blame the U.S., they hate everything. How original! China HAS been using their own INFLATED currency. That's why China's economy is crumbling from underneath. Their debt balance looks good on paper, but it's completely false. You can't trick reality forever.

[@kunalpatel3186]

Couple of questions, Why is US dollar rising, or interest rates are rising. All central banks printed and are raising interest rates. Why take loans in dollars and then dump dollars and pay in RMB. What problems get solved?

[@wisenber]

"Debts are in stress due to US dollar rising interest rates." Belt and Road lonas aren't denominated in USD. Chinese loans are already in Chinese currency.

[@deebil8099]

lol! Nobody wants the chinese currency. It's a grabage currency that nobody accepts. China printed more of their currency than every other country combined in the last few years because their economy is collapsing. If they didn't have strict currency controls, the RMB would be toilet paper.

[@kenchristensen8039]

Perhaps you want to change the title to DEBT, not "dept", which means department.

[@tadghsmith1457]

The Chinese didn't so much "bailout" the debter countries, as those countries laughed the Chinese debt collectors out of the room!

[@axelschleicher4814]

I have never seen somebody speaking such a good English who presumably is not a native speaker. Fascinating to listen.

[@tomlxyz]

​@@nntflow7058 some native speakers also don't pronounce some words right

[@ln6593]

More importantly he is hot! Lol.

[@nelsonta00]

Russians have ppl with trained American-English postiny stuff on KZbin too.

[@AMANDEEP-xc7jo]

Have you seen Indian business professionals or journalists?

[@Nick_1911]

Well if you live in a English speaking country two/five years , you will also speak good

[@anandarochisha]

50 % of companies didn't make a profit in China last year and they are still there. I call that stupidity.

[@jeffsmith1798]

Title error: the Debt trap has become a department trap.

[@connieperry1575]

Remind us what happened in Sri Lanka with the ports please

[@Kugelschrei]

Your thumbnail has a typo

[@maineusaMax]

Just don't pay. That's what they get for trying to just attain influence.

[@bethanya99]

I'm curious to see if the CCP will keep its word on not attempting to influence the policies of the countries indebted to it. I don't know if that principle has ever been maintained between two countries with such an imbalance of power in their relations.

[@Dioxine666]

Agree!

[@NoobGamer-sc9lt]

if they do it'll be a socialist policies which is good for the people not like world bank dismantle public sector and all safety net that government put to protect the poor but the most important thing for CCP is reputation they destroy their economy for it and might doing it again

[@Jimmy4video]

The countries already had to close Taipei links to get the loans, so obviously they expect countries to submit to their will in return for the money.

[@antonisapostolou5139]

I'm sure the CPC will not influence these as much as the US hasn't.

[@krollpeter]

They do influence already. For example, they can't cast votes at the UN against the official Chinese policies. They may stay neutral, or not appear at the meeting, if China says however the Russian war is good they can't cast votes to condemn the war.

[@JustAndreaEdna]

Where was the segment years ago, this is pretty much old news by now

[@vidivici0075]

It seemed that China missed a few things to consider with this "BRI" strategy. But with Argentina, twas a big long debt obligation they put their country into

[@ehxiong]

Time to give it a rest.... it's getting too old.

[@falsch4761]

usual DW anti china news

[@buravan1512]

Desperate PEOPLE do desperate THINGS😂

[@theultimatereductionist7592]

Talk about money is worthless unless you talk about WHO does HOW much labor and WHO benefits from that labor.

[@janalu4067]

Confessions of an Economic Hitman is a great book.

[@TheYoutubeUser69]

yeah sure a book without any juicy data. so boring and so wishy washy

[@peiershen8221]

Good, now let them keep bailing them out.

[@SeeLasSee]

Argentina consistently fails to pay back its loans and has a lot of resentment over them. Ironically it has a lot of good land and an educated population. They’re not the ones who should be failing.

[@samsonsoturian6013]

Argentina is weird where they go into major Depression every decade.

[@freespiritable]

The land of failing economists.

[@tomlxyz]

"Ever since independence, almost 200 years ago Argentina's foreign debt has been a source of impoverishment and corruption and the biggest scandals."

[@drunkensailor112]

Argentina fails because the income inequality is ridiculous. Same reason why South Africa is failing. Education level doesn't matter if you can't get a proper job with it

[@grahamstrouse1165]

They’ve had consistently terrible leadership for more than a century.

[@kealeradecal6091]

Creating most of the time useless projects, to be done by all mainland chinese, and gives the bill to the receiving country. Best loans ever.

[@André__Vasconcelos__Sá]

IFM have the biggest loan interest in the wordl, they want keep poor countries to keep send money to them.

[@bobbobhouse312]

Just don’t pay them back that’s what I do

[@Hacking-NASSA-with-HTML]

that's all we need to know about westerners 🤷. Animals. Just animals.

[@samanthaw4955]

You must have s*****y credit then ha? You know stiffing those you owe? No one will give you anything because your word means nothing. 😂

[@tomhenry897]

Then China takes over your country

[@niburu1508]

@@Hacking-NASSA-with-HTML Bob is bragging to the people who have to pay extra to cover for his - and shop lifters theft.

[@gjv001]

So, what if these nations don't repay the Chinese loans? What will China do? I doubt the threat of a poor credit rating will have much impact since it was a poor credit rating that led to the Chinese loans, to begin with. I can only think that the best course of action for the Chinese is to forgive the loans and garner as much goodwill as possible from their borrowers.

[@jirachi-wishmaker9242]

India didn't took BRI🇨🇳 fund or G7 led by 🇺🇸 PGII fund Your Thumbnail is misleading

[@MrWhitmen1981]

India is poorer for it 😂

[@abobanger9054]

Pretty sure the thumbnail is about sri lanka and bangaladesh

[@shiva.r]

​@@MrWhitmen1981 say it to yourself and get self satisfied

[@akhripasta2670]

1:40

[@akhripasta2670]

@@MrWhitmen1981 Dont want to sound mean but Pakistan & other sub saharan nation which took both are much poor than India.

[@Kuzyapso]

This guy doesn't answer questions at all. Just says smart sounding things

[@R.G.9795]

When EU made loans to bail out Greece, and Italy, or U.S. made loans to Latin American countries, these loans are not considered to be “debt trap”. When the Asia Infrastructure Investment Bank or Chinese banks financed infrastructure projects, they are called debt trap. Can anyone explain to me why?

[@matt45540]

Because they finance projects that weren't needed/ not financially feasible. Commuter trains when people don't commute. Ports with no exports.

[@lol-kc1sr]

Oh that's easy. It's the crazy interest rate on Chinese loans combined with the fact that they invest in worthless projects that would never be profitable. The reason no one else funded Sri Lanka's port, for example, is because Sri Lanka's economy isnt big enough to need a second major port. Colombo works just fine. So the new port is broke and the Chinese loans have left Sri Lanka screwed.

[@aurelio-reymilaorcabal9669]

I guess you have never heard of Chinas ghost cities,ports and airports in developing countries with no traffic or customers? All built by crooked and corrupt politicians and Chinas Belt Road.

[@simoncollins6529]

Because of the Western latent racism and double standards. Because of hypocrisy. Because..... "it's OK when we do it"

[@simoncollins6529]

​@@lol-kc1sr maybe, maybe not. That was a decision for Sri Lanka, they made it. That's entirely up to them. It not any thing to do with the West, it's not the West's business.

[@PandemoniumMeltDown]

Yep, and trap is putting it mildly.

[@matt45540]

The reason China is refinancing all of these loans is because it'll be a total loss if they have to take ownership of something that isn't making money. They want all these countries to keep making whatever payments they can. You can't sell a port in a foreign country that easily. Especially one that isn't profitable. China has built roads to nowhere so to say.

[@bobbyschannel349]

Exactly how many country in Africa are under the IMF? not to mention that friend still owns and controls mini ports and Harbours in its former colony and also the CFA meanie is in eight different African country.

[@fine2502]

At least they are not bombing

[@silencemeviolateme6076]

​@@fine2502 yet

[@niweshlekhak9646]

@@bobbyschannel349 IMF gives bailouts to countries, so every country has IMF loans.

[@tomhenry897]

Built ports the Chinese navy could use paid for by the country that borrowed the money

[@ANIMALS_AND_MORE_moments]

Dependency. On. China. Is. Creating. Dependency. On. Chinese. Political. Ideology.

[@zacharydavis4398]

Thanks for spending the time to create and share this content awareness

[@esdeath278]

@@davidnoelfranks1124 most of them are good because they make sure that The said project is profitable so those said countries can pay them back in contrast to Chinese dept which willing to lend even if they think it's a bad idea of a project. so that is why US dept was less worrying.

[@First-Last_name]

The belt and leash initiative more like it

[@scarlion2101]

why the western media kept calling these loans from belt and road as debt traps? what china has gained here? I am totally confused, please explain

[@weewillywonga]

Did you even watch the video? If you did, you would have your answer.

[@skiyman]

Countries are struggling to pay back all debt. Italy especially

[@niburu1508]

Skyman - If they can afford to waste lives and money on weapons of mass destruction then they must be rich.

[@skiyman]

@@niburu1508 human stupidity

[@ashtonmiddlefield9819]

Mortgage trap is even worst. If one default on mortgage, the bank take everything away.

[@badluck5647]

Legally only the house.

[@vladnickul]

Not knowing what a mortgage is, is even worst then the dept.

[@whatwhat3432523]

Thats not a trap😂

[@ACK333]

With AI killing jobs, mortgage period frames are too long now. Banks not know and forecast reports?

[@roberth.retallickr.n.8069]

Tell me you are pretending the world bank doesn’t exist without telling me you are pretending to know the world bank doesn’t exist.

[@lazyboy8886]

the west all of the sudden cares about africa and south america.

[@hassanadan7371]

They are hoping China fails.

[@dark_master_Makei]

At the same time, they do not want to forgive debts themselves, but they demand it from China.

[@samsonsoturian6013]

America alone provides billions of dollars of charity and billions more in investments. The difference is no one is playing politics with this stuff and we ain't giving out Wallstreetbets level leverage.

[@samsonsoturian6013]

​@@dark_master_Makei who said anything about debt forgiveness? We ain't asking for any.

[@IK_MK]

​@@samsonsoturian6013 Aid is not truly aid when it comes with a political condition now is it?

[@astraydhurion7697]

"China does search political gains." No way... so I was misleading myself all along. 😋😂

[@ufosrus]

I think you meant "does not"

[@carlclark1689]

CHINA is for CHINA only!

[@astraydhurion7697]

@jacqueline schael I meant exactly what I meant... in a sarcastic way. 🤔💡

[@D_isco_D_ancer]

Lending 100 billions to Argentina LOL Good luck getting that money back. Argentina should be renamed Chargentina now.

[@ransilusamadhith5901]

I think they can pay iMf and world bank debt and not chinese debt

[@bobbyschannel349]

Interesting you say that, because many of these countries have been indebted to the IMF and the World Bank for decades LOL

[@weigao9430]

Their interest rate is higher than that of China

[@bulthaosen1169]

@@weigao9430 china has the highest interest rate. What kind of weed are you smoking?

[@André__Vasconcelos__Sá]

IFM have the biggest loan interest in the wordl, they want keep poor countries to keep send money to them.

[@rolandbecker1963]

WHat about the original projects that have been financed: railways, ports, etc. Are they successful?

[@donclark9484]

And the rest of the world spent 2 Trillion on Afghanistan. What a waste.

[@samsonsoturian6013]

You have an exceptionally narrow idea of what is happening in the world.

[@JamesBond-su7hj]

If we do not pay back the debts, what can China do?

[@MrSilvesterlaw]

I wonder are the loans using the US or china currency? Does it matter which currency the terms are in?

[@esdeath278]

Yuan bro and yes they matter because the more foreign countries use yuan for trade the stronger they become. Like US dollar which most countries use

[@antonychipman3088]

OK but what is intellectual property theft and speaking of Greece, what percentage of Piraeus (Athens) does China currently own?

[@baantawai]

Debt and Rope Initiative.

[@startracksha]

US helped developing countries, China put them into debt trap. No double standards at all :))

[@buravan1512]

😂 who told you that mess?

[@johnkoh5207]

Hi troll, Stop faking story against China.

[@johnsmithsu310]

Surely sir... Surely....

[@IK_MK]

I don't disagree with your statement but the way you wrote it makes it look as if the US invests into countries out of *_"Good will"_* 😂😂😂

[@mrjerzheel]

US also put nations into debt traps with IMF loans, read the book economic hitman by John Perkins

[@john_doe_not_found]

Chinese lending reminds me of a scam going around Canada. Salesmen sell mentally incompetent/elderly home owners garbage they do not need. Very shoddy jobs, often not hooked up or slapped together with the quality you'd expect from a drunken 12 year old doing work for the very first time. They then tell these incompetent people that they owe them no money, they have them sign mortgage papers and hook them up with a crooked/bribed lawyer who tells them the papers are fine. What they've signed up for is 25% interest bearing mortgages, and in a few years the debt will be worth more than their home, and they will be foreclosed on and lose their home. China just scams on a larger scale, when the small and incompetent nation loses it's home, China gets to foreclose and possess the asset.

[@thematic3893]

Except that’s not what China has done. 😂

[@niburu1508]

John Doe. - sounds like what Zelensky and his Ponzi scheme has done to the naive self righteous and sanctimonious globally. Or the corrupt.

[@Omni0404]

As an American, can we sign up for the belts and roads program? We obviously won't fix our infrastructure ourselves so maybe China could do it for us lol

[@niburu1508]

Jay - you already owe them and Japan trillions. The idea of the BRI is to create a trade route and get away from US $$ corruption.

[@dachochiyo3992]

Sorry you are not welcome

[@williamlouie569]

Can just print more money to pay for it.

[@nehcooahnait7827]

You live in a country that is so economically conservative it considers schools lunch for children as a financial liability. With the US being this “patriotic”, you certainly wouldn’t lower down yourself to ask help for a “foreign adversary” would you?

[@Omni0404]

@@nehcooahnait7827 Whooooooosh

[@marcbjorg4823]

Because no nation is struggling to pay back IMF debt... 🤣

[@jeep9978]

department store debt?

[@s.pearson6887]

I’m no economist, I didn’t think Christoph explained credit swap lines very clearly.

[@hikikomori5]

I kept reading the title. I thought I was having a stroke.

[@Shineon83]

100% Guesstimates.

[@jamesmit100]

Countries of BRI just broke one by one. Sri Lanka, Pakistan, Argentina, Ankara ... you name it. Then IMF is the victim to bailed them out afterward. Pakistan as an example.

[@youxkio]

By these comments seems to me that these bailouts are to be a sustainable income for China, for a long-term hostage of poor and middle-income countries, maintaining them in a poverty cycle preventing them from reaching an advanced economy.

[@niburu1508]

You kid - but not even close to the extortionate interest rates the US have crippled them with.

[@buravan1512]

DW have lost all the credibility 😂

[@yuj2251]

Slandering China won't make your country great 😂

[@anthonymcneill1465]

Thank you for the presentation! I enjoyed listening and learning.

[@luxwx]

Never thought i would see a mini Ben Affleck on dw

[@jessejoyce1295]

I would have liked to have heard more about the potential results for countries indebted to China. It really seems like China wants to have a go at colonialism, and maybe it wouldn’t really mind if it had to be repaid in ports and outposts for its military... I think it should also be kept in mind that the citizens of many of the countries involved in the belt and road are not thrilled about their leaders dragging them into it, for obvious reasons.

[@NoobGamer-sc9lt]

China not like the west it's true world bank established to keep colonial control but China was and still look inward they bought the idea of capitalism infinite growth which is unrealistic in our finite planet so after they reach the limit of growth in China and many ghost city reported in media they look for other projects to keep their companies working and keep growth and boost party reputation. the reason the west always getting it wrong because they ignore the culture eastern culture in general and broadly they care about pride more than anything else even starvation or war which a foreign culture in the west

[@rajahua6268]

Where is the loan to Russia? How much?

[@PeterParker-gt3xl]

It is a form of investment with risk/benefit. China has plenty of customers, the big one is U.S., China may be helping a lot of small developing countries, just don't 'assume' such is free lunch.

[@brianmansan]

Of course there is no such thing as free lunch. Even between husband & wife there is no free lunch. Free lunch only between you & God... 😂😂😂

[@hiltonsue-wah-sing1239]

China is getting the loyalty of these debt trapped countries for cheap when everything is considered. They automatically loses their independence on the world stage. They are for the most part corrupt but rich in natural resources which suits China fine. This strategy is not as reckless as it may appear. Could anyone imagine these countries voting in the UN or other international forums other than in a manner that pleases China and is in its best interest.?

[@v.prestorpnrcrtlcrt2096]

Great reporting here. Thx

[@gautamhalder5929]

China will be the winner, whether this project is successful or failed. if it is successful then China's products have access to more markets and if it failed then will have the leverage to dictate small countries through a debt trap.

[@silencemeviolateme6076]

Not if these countries just ignore the debt.

[@dtsai]

They own China money. If they don't pay, China will use it's weapons to conquer what is owed to them. They cannot steal China's money that they got from USA jobs and purchases. It must be paid back!

[@mattayele1906]

Better rule them my carrot than by stick right ? Maybe Washington can learn few things from China

[@André__Vasconcelos__Sá]

IFM have the biggest loan interest in the wordl, they want keep poor countries to keep send money to them.

[@tenweipeng2199]

Credit card, housing loan, your iphone installment plans.. all are debt trap too?

[@Nick-bh5bk]

The CCP has no problem at all taking losses on their loans. This is about buying power around the world, not about getting paid back or trying to improve other countries economies.

[@JayJay5244]

Lmao did you just spell debt with a “p”? 😂

[@eubiw3666]

German spelling 😂

[@etbuch4873]

Why not? If only you would acknowledge that they have made a berfect thumpnail. 🤣🤣🤣🤣🤣

[@JayJay5244]

@@etbuch4873 lmao 😂😂

[@priyanshparikh3660]

Srilanka is the biggest example of what china will do in case the borrower country defaults. ( i.e they will take some ports in exchange for its military purpose which was hambantota port in srilankas example)

[@bl5608]

Chill. The port is a lease for 99 years only. A port is just a dot in sri lanka's map. 99 years later sri lanka gets the port back.

[@DK-ev9dg]

Sri Lanka only has 11% Chinese debt. Rest is western debt. Sri Lanka didn't have experience to run the port, so they leased it to China. That's it. This so called experts is a clown and brainwashing western masses.

[@littledesignsolution]

Dept？！

[@asiimwesimon268]

😂😂😂

[@ehislqwezad316]

China and one belt one road countries have gone bankruptcy🎉

[@mrjerzheel]

Plenty of nations are struggling to pay back IMF loans too since the value of the dollar going up increases the debt.

[@andia968]

its imf death trap

[@puraLusa]

IMF rules include restructuring of the debt in those instances. Chinese loan no one knows as it has clauses who aren't publicly disclosed. It's completely different.

[@mrjerzheel]

@@puraLusa IMF also puts pressure on to nations to privatize public assets to open them up to big companies, thats what restructuring can involve

[@puraLusa]

@@mrjerzheel well that's better than to loose an asset for 99 years for a foteign nation, one mind u, authoritarian and toralitarian. Also, private companies produce more development. Governments are horrible managers, invites corruption etc. National companies is no good imo.

[@tomhenry897]

But they get loan refinanced China is like the mafia

[@heinrichhimmler0123]

The People's Bank of China has already made it clear that One Belt One Road will facilitate the globalization of Renminbi, beginning gradually from its neighboring countries with guarantees of military guardians from China. Then it will replace the US dollar as the unique foreign reserve in all countries. Now the global finance market pegs USD to the gold price after petrol-USD's failure due to the international relationship between the US and the Arabian countries and the unknown output of the petro fields. To conclude, the gold reserve of each country will decide the futuristic FX rate of certain types of currency and it is clear that the cryptocurrency is surreal and is made from computer programs like people trade virtual equipment in WOW.

[@tmnjvs]

The “debt-trap” theory is concocted by Brahma Chellaney, an Indian geopolitical strategist. The “debt-trap” theory is concocted by Indians, and popularized by Americans. They concoct this theory to demonize China, Chinese and BRI projects/loans. India, US, along with EU, fear losing their control over other countries which may result from these projects. Such fears are based on their selfish and geopolitical interests. However, people from all over the world, especially from developing countries have acknowledged the needs and the actual benefits of these projects/loans. They know from their first-hand experience that there is no debt-trap. Academics and researchers have reviewed these projects, and have debunked the debt-trap theory.

[@jzyyz]

At least get a less obvious bot userid if you're going to do that.

[@jirachi-wishmaker9242]

Chinese have high interest rates They give the money to developing countries, that developing countries give it back to a Chinese company employing Chinese. Then if the construction gets finished or remain unfinished, China keeps asking for high Interest over the years

[@MeAjaysingh]

Correct your thumbnail and show india's map correctly its very disrespectful and india has not taken any chinese loan and india is not part of Belt and road.