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Latin America

Irish_Dem

(72,738 posts)

2. China also sets up debt traps with these projects.

Reply to creon (Reply #1)

Sat May 10, 2025, 12:43 PM

May 10

None of this is free. China loans third world countries the money to build infrastructure.
But they have to use Chinese companies, so China gets the money, but the third world
country has to pay off the debt just the same.

The third world counties can never pay back the debt so they are beholden to China in perpetuity.

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Highlight:

Brazil, China discuss railway from Peruvian port to Brazil territory [View all] Eugene May 10 OP

road and bridge project creon May 10 #1

China also sets up debt traps with these projects. Irish_Dem May 10 #2

yes creon May 10 #3