Comments by "Arabic Reja" (@ArabicReja973) on "China Showcasing It’s a Big Power on the Stage: Pantucci" video.

  1. (Long) Facts about Chinese 🇨🇳 debt-trap loans to Sri Lanka that also apply to most BRI projects: - China was never transparent about its BRI loans. - third highest, at 10%, among Sri Lanka's $51 billion foreign debts. - Chinese annual interest is at 3.3%, 5 times higher than Japanese loans. - Among all loans, Chinese loans must be paid first. - Chinese loans are not money, they are construction debt. - The loans must have collateral such as mines, seaports, etc. - Most BRI projects China developed are useless but may be useful for the Chinese military. - Chinese workers, mostly men unable to marry in China, are transported to Sri Lanka for BRI projects. - China took the Hambantota seaport for 99 years amid Sri Lanka's unable to pay. - unable to pay, Sri Lanka asked lenders for renegotiation. All responded, except China. - When Sri Lanka tried to import necessities, China blocked it because of unpaid debts.
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