The Philippines will no longer pursue Chinese loans to fund three railway projects valued at more than $5 billion and has started discussions with other Asian countries for alternative financing deals.
Stop repeating the propaganda that is thinly veiled European projection of their own guilt onto its enemies.
The Atlantic is a deeply imperial publication and even its analysis contradicts the bullshit that China’s loans are predatory.
The debt slavery is a part of the European project. Every loan the Europeans give is a trap. Hell, even when they give money away for free it’s a trap - for every dollar given to African countries in aid, 24 are extracted through predatory pricing, predatory loans, mandatory contracts, etc.
https://www.theatlantic.com/international/archive/2021/02/china-debt-trap-diplomacy/617953/
Stop repeating the propaganda that is thinly veiled European projection of their own guilt onto its enemies.
The Atlantic is a deeply imperial publication and even its analysis contradicts the bullshit that China’s loans are predatory.
The debt slavery is a part of the European project. Every loan the Europeans give is a trap. Hell, even when they give money away for free it’s a trap - for every dollar given to African countries in aid, 24 are extracted through predatory pricing, predatory loans, mandatory contracts, etc.