Africa is the largest debtor to China and several of its nations, businesses and principalities have already defaulted on their loans. This is in addition to China internal corporation essentially being upside down financially to the point that the CCP has nationalized them. Then you have the hundreds of million Individual Chinese investors who are way in arrears on their loan payments or are outright defaulting and refusing to pay them. China’s economy is on shaky ground and some financial experts are saying it’s in danger of collapse.
Africa is the largest recipient of Chinas BRI program and several of the countries, businesses and principalities in debt to China have already defaulted on their loans.
Redd Panda over 1 year ago
Oooh a dragon. Is this Game of Thrones? Who gets naked this week?
Kracklin Rosie - “Tolo Dan Nan Galad” Premium Member over 1 year ago
Africa is the largest debtor to China and several of its nations, businesses and principalities have already defaulted on their loans. This is in addition to China internal corporation essentially being upside down financially to the point that the CCP has nationalized them. Then you have the hundreds of million Individual Chinese investors who are way in arrears on their loan payments or are outright defaulting and refusing to pay them. China’s economy is on shaky ground and some financial experts are saying it’s in danger of collapse.
Kracklin Rosie - “Tolo Dan Nan Galad” Premium Member over 1 year ago
Africa is the largest recipient of Chinas BRI program and several of the countries, businesses and principalities in debt to China have already defaulted on their loans.