Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching China's Debt Traps Are No Longer Helping China #shorts. and this video is uploaded by Indo Affairs at 2023-04-03T07:59:26-07:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [jYuuAqef6hc]
| Name | China's Debt Traps Are No Longer Helping China #shorts |
| Video Uploader | Video From Indo Affairs |
| Upload Date | This Video Uploaded At 03-04-2023 14:59:26 |
| Video Discription | Today, China's Belt and Road Initiative seems to be backfiring on China. From the year 2000 until now, China has lent $240 billion to 20 nearby countries. Whenever the governments of these countries are in financial distress, they ask for help from not only the IMF and the World Bank but also from China. Chinese loans are easily obtained, but their interest rates go up to 5%, which is quite high compared to funding from the World Bank or IMF. And with these opaque terms and high interest rates, these countries end up being trapped in China's debt trap. Then we see anti-China protests in these countries, whether it is Russia, Kazakhstan, or Pakistan. These protests not only harm China's image on the world stage but also worsen relations with these countries. #china #chinanews #chinatown #debt #debttrap #worldaffairscurrentaffairs #loan #imf #worldbank [jYuuAqef6hc] |
| Category | Entertainment |
| Tags | china | world bank | loans | china debt trap | russia | kazakistan | pakistan | imf | imf funds |
