Comments by "Arabic Reja" (@ArabicReja973) on "DW News"
channel.
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(Long) Facts about Chinese ๐จ๐ณ debt-trap loans to Sri Lanka that also apply to most Chinese 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 as 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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(Long) Facts about Chinese ๐จ๐ณ 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 as 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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(Long) Facts about Chinese ๐จ๐ณ debt-trap loans to Sri Lanka that also apply to most BRI projects in Africa:
- 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 as 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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(Long) Facts about Chinese ๐จ๐ณ 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 as 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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(Long) Facts about Chinese ๐จ๐ณ debt-trap BRI loan to Sri Lanka that turned into a strategic port:
- China was never transparent about its BRI loans.
- It's about 10%, third highest 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,* but 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 as 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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