Gravitas: Another Chinese Debtor faces default
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- Опубликовано: 14 июн 2022
- After Pakistan and Sri Lanka, Laos is staring at a default., The country's cash reserves have plummeted and there is a serious shortage of fuel. Laos owes $14.5 Billion to its creditors. About half of the public debt is owed to China. Palki Sharma tells you more.
#Laos #China #Gravitas
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Had rahul being in pm chair, India would have been the co-passenger of srilanka, pak and laos. It's more to do with local governance to steer clear of hurdles.
Now India has more external and internal debt what it has in 2013 so don't say anything
False India today is a result of all the pm's that earlier ruled pm modi just continued their legacy Mr. Gandhi might have followed a difference course but increasing external debt with a country that has a historical with us doesn't sound like something even a doofus would do
@@KUNAL-qt8lo And also has more forex reserve doing more exports than 2013.
@@artimuos903 developing countries grow so forex and exports grow too... but remember imports are way to higher and BOT is at it's all time high
15 lac aa gaya bhai ka
This is why we love India. If WION were not here how would we all learn of China's misgivings? 😂😂😂
Because we nokor & china wanted to expand/invade Asia , we want them to speak chinese! Stop watching trash Hollywood & watch our kunfu movies!
Plenty of Indian youtube channels talk about Chinese misgivings. In fact, public opinion has gone south so drastically that Chinese misgivings have almost become a regular part of academic curriculum on current afairs. I'm not even kidding.
You hear this from the US media all the time. If you're not hearing it then you must be watching Russian state TV
@@Zetler china & norkor the greatest countries! You puppets of America! Low quality types of people!
I am still waiting for the collapse of 🇨🇳 after evergrand, crack down of tech giant and coal shortage in 🇨🇳. But why the rest of the world collapse first？ Chines stock market and RMB is still strong, doesn't make any sense.
Lichens are indicators of pollution
Litmus papers are indicators of acidity/basicity
In the Same way Chinese Loans are indicators of a Country's economic status
Savage
Brutal..🤣🤣🤣🤣🤣🤣🤣🤣
👻, Dictatorship,So what 😁😃🙃
Raise up , run 4 United States of America Presidency's 👻👻😆😆
@@lillyshi2705 youtube bot.
@@thilakhari 👻👻Hari BB bot Bot 🤖
Go n run 4 USA presidency
Vs My China men Dictatorship 😆😆🙃🙃
Zambia is one of the countries which has fallen to this Chinese debt traps.
you mean countries who CHOSE to borrow money?
OK, So 🇺🇸 and Europe invest heavily in 🇨🇳 for last 40 years，also debt trap？
@@wm4934 No, because doing business in China comes with heavy regulations. Something a country like Laos cannot afford.
@@vigfhfc really??? what regulations??? hahaha...
so when Westen countries lend money to any country it is called a loan, and when it is China doing the same thing (like a bank) it's called debt trap. 😂
The responsible officials of Laos and other such countries need to be judicially examined and punished for their actions.
Yes, they must be lined in front of Gupta ji and Caining must be done.
Whom do you think gonna judge any country, when citizens are hungry, infrastructure is dead. govts ask imf world bank for loan, when they are denied repeatedly they enter debt trap of Chinese, germany Europe's etc
👻, anyone got a bit of brains?? First to questions ,What is their Debt Traps ,at what rates?
Maybe just incompetent, maybe corrupt.
WoRld Bank and IMF refuses loan then you should look if you really require project or a cheaper alternative is better, instead of taking high interest loan for a project like boten Vientiane railWAY train.
That's why official and political class must be prosecuted if corruption is involved to approve such expensive project.
When loan are given to India, it landed in the pockets of corrupt politicians and officials. 😁
The Chinese build infrastructures for the benefits of the local. INSTEAD of giving money to any individuals.
i had the good fortune of spending 2 weeks in laos for work in 2018, specifically vientiane & luang prabang. laotians are really nice & laid back folks. they really dont deserve all these economic hardship
I did too back in 2017. They're cool people.
👻, oh yes, always walk on their Feet. On the muddy rd . Do not ever have a bus , 👍👍
The rest of the West will never feel over taken 😀🙃
@Josef 👻, oh yes , Scammers🤔 at what rate of interest?? N Conditions on bare Feet?? 😆🤣
A people have the government they deserve. Until Laotians themselves change things they will suffer.
@@lillyshi2705 you happy about it😃😃. Then that's good👍.
Unfortunately Laos doesn't have leaders who will run door to door with katora in hand, asking for bhikk. My awaam is lucky🤲🏻
😂😂😂🤣🤣
Beggeristhan (pakistan) is professional begger 🫡🫡🫡
lol
🤣🤣
Lol🤣🤣
😂😂😂
Laos 🇱🇦 is a beautiful country with calm and happy people. Hope they can recover 🙏
Thank you Palki. Your information is straight forward.
A very old tricky lending money method used by China to snatch territory and property..
Soon Paxtan will end up as Paxjiang...
When loan are given to India, it landed in the pockets of corrupt politicians and officials. 😁
The Chinese build infrastructures for the benefits of the local. INSTEAD of giving money to any individuals.
Absolutely 👍 and well said 👍
I can verify that, China has loaned millions and millions to the Philippines, and now there is a big ugly concrete Chinese hotel, on the Island of Borocay, and they encroach into the Philippine sea any time they want, these loans come at a higher cost than people know.
@@victorformosa2825 They give loans to trap other countries in debt. Non payment will lead to encroachment and bullying.
Debt-Trap is part of China's Expansionism under the name of BRI - Belt & Road Initiative.
But it is not all about China as transparency of lenders (China's state-owned banks or policy banks) is the issue which forced governments into default (ref.Economist/Debt Diplomacy/Mar 2021- Mozambique).
I completly agree with you
@@genobohez6374 👻, ❤️😗my little BB Bohez Bot 🤖😉
" 19th Century Indians never change mentality and never digest the truth. Sri Lanka have 30% American debts, 2% Indians debts, 10% Chinese debts and 10% Japanese debts "
@@amritamrit233 out of these, Chinese debt interest rates are highest above 4% while Japanese is least at less than .5% and you can see the countries that pay most of it's income to China as interest to become bankrupt.
@@MeGauravit Double check pls, and do not mention Jan only,+ those other lenders
My father told me when I was fifteen years old " you are either the slave or the pet of whomever you owe money to" China has many pets and slaves it seems and collecting more every day.
You are a slave or pet due to your mindset. The USA owe the most money to the world. But the USA is always the master.
US owes China at least USD 1.6 trillion in the form of bonds. Do they qualify as slaves under your definition?
@@ronnelacido1711 👻👻, Definitely, U know your Place 😗😗😗❤️❤️
👻👻, Thank you,thank U for your honesty. Your . Dad is Right 🤣🤣, U 🤡🤡🤡r my China men slavery n remember to work till U drop to psy for your LOAN 。 No Free 💸💸💸💲💲Meals in this world 👹👹👹🌏🌍🌎
I felt कटाक्ष इन her tone n I loved it! 😆😆😆
Congrats Laos for joining Chinese Debt Trap group 🤗
Seems people are hapy to join rather than one is barking at the fence but helps nothing.
" 19th Century Indians never change mentality and never digest the truth. Sri Lanka have 30% American debts, 2% Indians debts, 10% Chinese debts and 10% Japanese debts "
@Voltar123 Starman456 why will I take a loan if I can't pay back 🤦
@Voltar123 Starman456 🤣
@Voltar123 Starman456 ehhh! lol
Better to live in poverty and be free than to live in luxury under the devil's thumb.
Most of the Indian Startups have raised funds from Chinese venture capitals . We need to also check what is the private debt of India from China .
Equity not debts. You get if the company earns profit. But in debts, you cough of even in losses. Different.....
You can't seriously be that stupid 🤦🏽♂️
Thats not gonna effect us
Softbank does that for many Indian companies
Always doubt:
- that seems too good to be true;
- one who is generous to the fault;
- one who is too sweet-tongued;
- one which seems like a gift straight-out-of-heavens;
- one which appears shiny on the surface;
- one which is gift-wrapped;
- one who assures you not to bother about the payback in the present;
In this world, there is no concept of a free lunch. Whatever you consume, you need to pay for it; sooner or later - be it the physical things or just the karma.
Palki, great presentation. Pronunciation, your voice, your beauty are all combined as the best, perfect presentation I have ever seen and heard 🥰
" 19th Century Indians never change mentality and never digest the truth. Sri Lanka have 30% American debts, 2% Indians debts, 10% Chinese debts and 10% Japanese debts "
Trusting this countries , is dangerous . Who is next? Waiting to reveal. Good day and thank u
If India doesn't tackle corruption at a large scale, India can't be a strong economy and don't blame me for saying this... India will also be on the declining trend. Hope this doesn't happen.
INDIA IS ON DECLINE AS WE SPEAK
When loan are given to India, it landed in the pockets of corrupt politicians and officials. 😁
The Chinese build infrastructures for the benefits of the local. INSTEAD of giving money to any individuals.
Latest report said that 100 countries could go bankruptcy including US in 20 - 30 years but on that list India is excluded
So right now we are in very good condition
We have 4th largest foreign reserves
Democracy will kill India. WION is already killing the non existent intellectual ability to think. It just parrots the white masters.
@@chickaboomboom2726 Lmao clown, IMF has declared India as fastest growing economy after andemic.
😂. I knew it! Corruption.
Crynese Chaos in Laos .. 😢
😭😭😭
I'm sure that the leaders of those indebted countries have been sufficiently compensated by China! The IMF needs to conduct a proper forensic audit on the leaders of those indebted countries before advancing them any money!
IMF is the Guru of China. Learn from history
Well they took the loan because it was easy money. And now they will have to pay back. Not china’s fault. It’s business as usual.
Dirty unclean China business. Not business as usual when your intent is to harm, not do normal business. China is filthy and does not have positive intentions.
Having been to Laos a few years ago I was shocked how much Chinese influence there is there.
CCP influences Lao PDR.
Like what? Care to explain
@@jaydev8148 gambling, infra etc
@@jaydev8148 China controls a big chunk of northern Laos, they station their police and soldiers there and Chinese law applies in those areas, not Laotian law.
@@azzureone78 wtf😧😧
In western malls majority of items are made in China whereas in Indian malls most of the items are made in 🇮🇳.
Thank you Modiji
really??? then, why India imports so much from China??? hahaha.. hahaha...
Not only Western malls but most propably two thirds of the world. These are parts of the world that sold their jobs to the Chinese.
India food is hand made lol. No need to wash hands
@@nelsonchinasamy9857 what jobs?? Hahaha... You have to find your own niche!! Like Bangladesh or Vietnam or other SEA countries!!
@@iknowzthizvmc8885 It is okay our food is made by ourselves and is better than importing from another country by buying dollar 💵.
I love the way you splain all clear..Thiss is the BIGINING OF THE END...
Free Tibet ✌ free and independent Taiwan 🇹🇼 ✌ free Hong Kong ✌🇭🇰 free uigher ✌ free inner Mongolia ✌ 🇲🇳 free Macau ✌ 🇲🇴
My favorite news channel
China interest rate is high and the west is low. But, the west would never lend high amount.
You can't blame other while your government is weak. You asked for the loan, you agreed to the terms, you failed the terms, you blamed the terms and loan owners.
China and US has same “influence” policy! Give the unaffordable support that country cannot complete and then blackmail them!
i dont think the chinese is to blame. blame the corrupt politicians who pocketed the money.
Agreed
25% salary cuts in China among decreasing economie and rising inflation.
@Voltar123 Starman456 Chinese anonymous bots speaking out.
@Voltar123 Starman456 see Putin’s speech at Davos. He is wrong about one thing: I have never predicted the Dollar to become more valuable on the short term after this event. I have predicted a lot of things that came true. But I have never predicted this.
Debt for infrastructure, transportation, etc.. is good for growing the economy for the citizen. The problem is, the government can't manage the money for pay those debt.
They brought this on themselves.
Freedom to the baloch!!!!
Better to have early.
Stop looking to China to sacrifice for your benefit. "No one should seek their own good, but the good of others." - 1 Cor 10:24
Agreed but nobody actively looks for a loan shark...Chinese take advantage of those who need it
Sri lanka has 10% of total external debt from China.
For Pakistan its 16%.
Problem lies in high interest in USA for which many debt going from developing countries to USA and hence foreign exchange crisis.
did u watch the video
Easy on the commie thinking there, my bongoli brother!
The moment oil prices rose, Chinese naughtiness has started crippling its borrowers
VERY VERY VERY ALARMING!!! this problem needs to be addressed asap.
Just send the green beret into laos and rescue the laotian, maybe give them pathway to citizenship?
Why do you keep blaming china for other countries economic failures
When you hold almost half of a smaller countries debt and you give them ridiculous price points for infrastructure that they know they can’t afford to pay back
Watch the old news of WION . When there was no crisis in Sri Lanka, then WION had already predicted the Sri Lanka crisis. WION was also told that the crisis would come because of China. But in time the people and government of Sri Lanka did nothing.
@@justincaver324 nobody forced them to take the loans. they're plenty of other countries which defaulted on imf loans so there's nothing new here. but wion obsession with china is funny though
When u hve no idea of what's happening in the world but need to defend ur masters unconditionally 🤣
chynese loan is like my credit card, with lots of hidden charges
Not like credit card, it's far behind the credit card
the fault are the leaders who are corrupt and enticed by money and personal interest.
Freedom to Taiwan
Go free Taiwan yourself!! If you can!! Hahaha... hahaha..
Laos already has successfully completed its railroad project with China.
Excellent coverage as always 😊
" 19th Century Indians never change mentality and never digest the truth. Sri Lanka have 30% American debts, 2% Indians debts, 10% Chinese debts and 10% Japanese debts "
@@amritamrit233 what's is your conclusion.
I just found out about this from a friend of mine from Laos, why are so few media raising this issue
I hope they got out of tis situation okay. My prayer goes out to Laos.
They ask for debt china gives it..
I dnt think china forces them to take...
This is not the first debt Laos taking from china..
Ye “corona वाले चचा” किसी के सगे नहीं है॥
bruh, looks pe tease karna acchi baat nai hein.....point toh tune batah sach hein but thoda halke shadbon se kahon.....ham bhi chowmein shakal wale hein
@@sohan6596 bro ignore these people they are every where to spread unnecessary hate.
@@AdityaKumar-mg2yg haan
Chowmein ki jagah corona Wale bol sakte ho app.
If this woman resign on Wion, probably im not interested to open Wion video anymore. This woman no doubt is Charming.
Omg same 🥰
Yes, Lao is like Sri Lanka now
G20 nations can contribute the required amount and bring Laos out of the debt and free. Also the sri Lankan debt can also be bailed out like this.
what's in for the other countries?
@@aakashpatel2304 that's need to be discussed like how many countries are in debt and each and every country is separate from another so we will have to think over it and tell
Why would they do that?
@@friedabernasher4680 as part of humanity to survive the world and it's people.
Why other countries should bail out chinese debt striken countries, those countries thought China as thier friend now we should leave them begging infront off thier friend and create a example for others to follow
How do I qualify for these Western 1.1% loans?
The only way western banks offer you preferential loans with good conditions is, if you really don`t need, and don`t want the money. Otherwise they will ask for your firstborn......
As someone quoted, you have to prove that you don't need one in the first place. It is quite evident from the calls one receive, day-in-and-day-out, from banks soliciting their loan products when you don't need one 😎
And as another quoted, the bank will loan you an umbrella when its sunshine but ask it back the moment it starts to rain. So, beware 😊
so why don't we hear these news in Canadian Tv channel, 0_0 why these issues are so hush hush in our country.
In future mark my words only one currency is circulated and it is known as money note. Every country has same money note
it's weird to characterize a borrower as "the victim".
has there ever been a bank in india?
that's literally how all banks have ever worked.
they lend you money at ridiculously high interest rates. and you usually have some collateral in case you cant pay.
When you have a predator lender, like China, preying on poor desperate countries knowing they won't be able to pay back with extreme terms, so the predator can take their countries assets, the borrower becomes a victim. China is not lending so they can make extra money from interest rates. China is lending in a way so that they can force other nations to their knees.
wion wanna b seemn as unbiased, but wen it come 2 china n e 1 wit a brain no dat der not
@@teamzoey3923 What language is that?
OK, So 🇺🇸 and Europe invest heavily in 🇨🇳 for last 40 years，also debt trap？
@@wm4934 No, China is just targeting poor, desperate countries for the debt trap.
All countries who has Chinese debt should get united and declare themselves as bankrupt that will bring down China to its knees
Even if you declare bankruptcy China will take lands are other business in your country such has assets either way they still win even that means taking control of your port’s,airports,lands,etc
@@curiosityredpill7030 That was China tactics from the beginning. They know those countries will not be able to pay them back and in returns all those countries belong to China.
You tell ‘em, Subvuli!!
Chinese Debt more predatory than IMF debt
can not blame it all on china . they did not force them to take the loan . the government is to blame , an individual can be a stupid one but not the whole government , they know exactly what going on . just like how normal people get a loan from loan shark , is not like they do not know how high the interest is but they still take the loan .
No but they took advantage of one. It's like selling worthless stock to a unemployed person promising it would give unrealistic dividends
Loan at 1% is affordable only for countries with AAA rating by Rating agencies. And who owns these agencies? US.
Russia also places at 3-4%, because it has low rating and exposed to higher risk
Stop , U.S. does not control that agency
The US nor their agencies has never ever loaned @ 1% to anyone
@@kriswright4739 how do u know
Well Japanese loans are around 1%.
@@deep40 i guess Japan also has AAA rating... and Russia has CCC....
Palki presentation is one of the best.
Sad. Jamaica is heading down that road
There are 195 countries total right now, which includes 193 UN member nations, the Holy See (Vatican City), and Palestine. In other words, China has outstanding loans with 85% of all nations in the world.
China must be so rich, right?? hahaha... hahaha...
@@drumpfdon760 unless that sanction you too....
@@drumpfdon760 china is only country with so much surplus cash...every month they have new billionaires....they go around buy properties etc...
@@saarza9991 sanction?? Hahaha...Yes, China is the most powerful country in the world, now??? Right, old kidd?? Hahaha.. hahaha..
@@holypunk12 China?? Or Chinese??? Hahaha... hahaha...
That may collapse the Belt and Road concept if countries get cautious about China´s politics.
which counrty are you from?
@@thilakhari look at the letters should tell you
@@bjrnhjortshjandersen1286 It looks familiar, thats why I asked in the first place. I cant find it out. Maybe............Norway, Sweden or iceland??
@@thilakhari Yes Scandinavia but I doubt if it should be familiar.....but maybe from Fairy Tales.
@@bjrnhjortshjandersen1286 Ok. Do europeans like USA, or is their like towards USA is dcelining?
Who took the loans ?
Check Laos Leaders
Foreign bank ACs 😅🤣😂😹
Its a trap smh hope Salomon islands is seeing this
Laos . 1 of only 5 communist countries left in the world. Soon too be down too four maybe?
there is no communist countries in this world. these countries already change their government system,
@@vanhkhamgalaxymini754 No. There are 5. Laos, Vietnam, North Korea, China and Cuba.
@@richardhussey7641 what make you think these countries still be communist?
@@vanhkhamgalaxymini754 They still have communist parties in power, and no real elections!
not really, there are no pure communist country anymore, they may have communist party, but that just on surface. They are now called socialist-capitalistic type of economy. Why do you think they have billionaires lol.
OK, So 🇺🇸 and Europe invest heavily in 🇨🇳 for last 40 years，also debt trap？
There is a difference. Money coming into china is real money. Loans is in material terms . It has interest and it has a profit to the material sold plus added labor cost from the lender. The actual amount of the loan is much smaller therefore risk is smaller for the lender. This was japan style before in giving out loans interest free.
Laos are already open it's border!!! Economy is picking up !! Lots of tourist are already traveling to Laos as of today..
Some of my Lao relatives live there. This is horrible 😔. Can't do much to help them now that I'm in Europe
Which part of Europe are you? I am living in France and also originated from Lao.
@@catherinewatrous7032 Germany
Question: What is Palki's last word before dying?
Answer: " Chinaaaaa ".
Baim the west... argh
Terrorist Paxtani... CKMKB
Don't know about palki cause its her job to report truth from across the world the world but you would definitely die crying your lungs out and wishing that I wish I had not believed chinese bots.
Indias obsession with china is really funny. Leave them alone wion they are not doing anything illegal 😂😂😂
Why r u offended...
Jealous Obsession 😜😋🤣
Have you visited global times? That paper talks more about the world(especially US) than what's happening in China.
@@neocore4307 you know why??? they just defend themselves, old kidd!! hahaha... Does China trash India all the time??? Never!! india is not that important for the Chinese!! hahaha.. hahaha...
Cause he serves chinese bots
After reading the comments, I realized that it is not unreasonable for India to be backward!😊
According to Palki Mortgage is also the debt trap. Ppl should stop buying houses.
Why doesn't laos buy oil from iran o russia, they are selling cheaper.
Why would Laos buy oil from murderous dictator countries?
Laos is a landlcok country which means it does not have sea port. Laos heavily relies on vietnam and Thailand oil supply.
@@vandijkjesgames9387 why should laos obey what west say when usa cause so many death bombing this country?
@@emiliocastro7455 why are you blaming America for this What he said had nothing to do with the United States
@@justincaver324 because he is doom and gloom.
Look i am not fond of the CCP either but to me it just sounds like the term 'debt trap' is an excuse everyone is using to blame China for their own incompetence, afterall no one forced those countries to take loans, they were the ones who chose to take the loans after seeing the interest rates, and they were the ones who agreed to those contracts after reading them and calculating the pros and cons properly and in the end it was their elected leaders flawed economic policies that resulted in those countries not being able to pay China back, so blaming China for something that all banks and financial institutions like the World Bank and IMF do to their customers just doesn't seem like a right thing to do 😅
America has the whole world in debt to it.
Now INDIA SHOULD NOT GO FORWARD AND HELP THEM. I REPEAT THIS. ENOUGH IS ENOUGH.
India after this WHy I can't help 🥺😕🙁☹️
Even Laos has High speed rail, China already has over 40000 km HSR, India? 0 km . haha :))
@@Lostfrr02 teasing Indians is my part time pleasure, so what??
@@firetree2007 good, always keep India in mind.
@@firetree2007 jobless??
@@it_07_chandrachurghosh47 do you understand what part time means?
25 cents to Chinese bot
Sometimes listening to wion news reader assumes that those countries she has spell either lack expertise or bereave of any right to run and manage their country absolutely controlled by the lending country, which at times is too hard to digest as a factual news.
When is Nepal getting in to this situation, as they are also patronising China all the time as the Politicians are all getting huge kickbacks from them
Why would anyone be surprised? Did you not know what was going on with Belt and Road
Do not give disinformation. Sri Lanka owes China only 10% of foreign as
China ranks third among Sri Lanka's creditors after Japan and the ADB and accounts for 10% of the debt.
How many properties in Sri Lanka has Japan or ADB taken over?
@@jarjarbinks3193 maybe none, but now they cannot pay them back!!
Point is China is a hostile lender.
Sri Lanka awards port project to China after dropping Japan, India - no wonder Disinformation Queen so sore over the Sri Lanka .
On 30 September, Adani Group, India’s largest private port operator, signed what has been reported as a US$700 million agreement to build a new container terminal in Sri Lanka. The deal to jointly develop the Colombo West International Container Terminal (CWICT) with Sri Lanka’s largest listed company, John Keells Holdings and the Sri Lankan Ports Authority, will function under a “build-operate-transfer” arrangement for 35 years. Adani Ports will hold a 51 per cent stake in the terminal partnership, while John Keells would hold 34 per cent and the SLPA 15 per cent.
As the first-ever Indian port operator in Sri Lanka, and the largest foreign investment in Sri Lanka’s port industry, the deal has geopolitical significance. Even though Colombo Port was a regional hub that primarily served the Indian market, no Indian investor had been interested in investing in Sri Lanka’s port industry. That was, until the Chinese came in.
Sri Lanka has now become a prominent battleground for India’s competition with China in South Asia. Port investments are the latest manifestation.
@@prismaticindia9046 how??? Do they invade you??? Do they rob you??? Bomb you?? No, they just rent and operate, because you can't!! They build, they provide employment, they create jobs, they push your economy, and at the end of the day, you will own all those modern infrastructure!! So?? You prefer being invaded and bombed by the West??? Or colonized??? Hahaha.. hahaha...
India is a country without concept of logic, so many people just do not know how to get a correct conclusion. In India culture, they have a concept called"Indian logic", unlike Greek logic opinions are based on facts and truth to form a real argument, what Indian logic is based on someone said something, not on reality or any fact, so for them if someone they like said something that thing must be true, in this case, wion, they do not need any fact to get the conclusion
Yeah the same way you now jumped to conclusion
Watch the old news of WION . When there was no crisis in Sri Lanka, then WION had already predicted the Sri Lanka crisis. It was also told that the crisis would come because of China. But in time the people and government of Sri Lanka did nothing.
Your ass is burning because you are being exposed. The day is not far when the whole world will spit on you. 😠😠😠
@@adityareddyk are you blind, I just said, you guys just based on what wion said to conclude China has debt trap. do you have any confirmed data for it? no you do not,
same as many other things, such as genocide in XJ, all complete just lies and BS, but you guys just believe it.
Meanwhile global times...we know everything what u don't know and what u know... Understand it on ur own self
thank you so much wion for the news..i already shared wion news on my fb account..from: Philippines..
Chinese money is helping Asia to reach its potential
china interest rate for international credit is 1% and in extreme cases 3%. these are attractive interest rates for any country. when countries fail to make payments to China, is not because the deals were unfair, but because those countries are run by officials that are embezzling public funds. the term chinese debt trap is too political. many other countries barrow loans from China and they are financing these loans perfectly well. you cant use Pakistan, Sri Lanka, and the 2 more countries that have defaulted in their payments to say that china is playing dirty. the imf, and world Bank, often times are not loaning these countries nothing and if they do, at extremely high interest rates that you people never reports. stop being bias.
True the loan is cheap but if the loan is invested in loss making venture there comes the problem. Anyways Laos took a loan they have to repay the debt.
How about Cambodia?
I learned very important valid points percentages here,thank you 🙏 🙏🙏
Winnie the Pooh wants the cake and honey too. Winnie Winnie greedy Winnie.
Many countries around the world have been impacted economically by the fallouts of COVID and high oil prices including United States that saw a negative GDP in Q1 2022. Some Asian countries such as Pakistan, Sri Lanka and Laos suffered a particularly severe blow. It is worth noting that several of these countries are also facing default on their IMF loans. Some may argue that IMF has been even tougher than China on its defaulting borrowers as it at times demands the country to devaluate its currency.
IMF puts severe terms on their loans. Usually social spending is gutted and private investors come in to exploit the vulnerability of the country.
Still many more countries may be in line
Here is how to avoid default pay only interest then summed all pd interest once equal to principal then Stop paying
Then Blame the la corrupted Laos politicians not the lender.
China knows that and is exploiting it
No body will bother with Laos. Many won't even know such a country exists...
And yet another piece of the Belt Road initiative is plugged in.
never borrow gold from a dragon, youll never be able to pay it back.
wow scary reality well covered