China’s Debt Trap: How Beijing Became a Victim of Its Own Debt | Vantage with Palki Sharma
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Published 2023-03-28
China’s debt crisis is ruining countries. Now, it’s hurting Beijing too. It’s not able to get back the money it lent to other countries. How deep is the crisis? Palki Sharma explains.
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All Comments (21)
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I have been watching so many "China will fall in _ days" that frankly Im not holding my breath anymore. I don't think most people have any idea what they are even talking about.
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Hahaha..... Why is she always so ANGRY
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Continuously to claim China will fail in X days, only to see the American banking sector collapse 😂
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Jealous Indian journalist. If India was doing the same, she would be praising everything.
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It's a far fetched observation that china is a victim of its own debt trap diplomacy. As if china were blindly lending money to developing countries. There's more to money than meets the eye - what china really wants is leverage & being indebted to her is a huge leverage.
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When First Post first pumped up the return of this lady I thought she would present insightful news. She's not much different than western media. She quoted a CNBC article...
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Their exports is 3 trillion honestly billion dollars credit default won't change much for them
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It's not a five year plan it's a long term project.
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China is pumping money in to country and the west is pumping arms. The stock of Chines debt is 10% contrast to the IMF, World Bank and the others including Western Corporations, these accounted for 90% . Your focus should be on the IMF and World Bank that is crippling countries.
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After so much curse by Palki, it is a miracle China still survives
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Recent study found that China's bail outs are designed to protect its own banks. China is very selective about the loans it bails out and it bails out only those loans that maximize the pay-back return to its banks. China does NOT bail out loans based on how badly the country that took the loan needs help. That is, China does not care how dire of a situation that country is in. Indeed, China is somewhat likely to bail out a country if it is in a truly dire situation.
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Good times are when people make debts to pay in bad times
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Sril Lanka only owes 10% of its debt to China. Other than that, it 90% of its debt is owned by IMF and other international departments.
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Just found this site. I been watching to see where Palki Sharma ended up. Palki Sharma is an outstanding newscaster.
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China lends to hopeful countries, India is not in scope😂😂
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De - dollarization is in full progress😂😂😂💵💵💵💵🌍
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China prudently invests its surplus by giving debt to 150 countries rather than investing in Fiat American treasuries, which can vanish as Russian foreign currency reserves did.
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We have a difficult relationship with China. But it does not means that everything is wrong with China. Why other countries taken loan from China ?
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Why are you always talking about china? I used to like you but I need to hear other news apart of china
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Cited two countries! Now if only India (her country) could help other countries!
