Comments by "KK C" (@k.k.c8670) on "The cost of being in debt to China - BBC News" video.

  1. Sri Lanka has been used the most to illustrate 'debt trap' from China. However, quick check will show that China holds a mere 10% of the country's external debt, lower than Japan and far, far lower than what is owed to the IMF/World Bank/International markets. In fact, SriLanka leased the port of Hambatota NOT to pay off Chinese creditors but international market creditors and to shore up FX reserves.
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  2.  @drsatyamupadhyayXD  all the data I have come across point to 10%. In any case, even at 12%, that's hardly a 'debt trap'. And it is also disingenuous to say that hambantota was 'seized' by China. This has been debunked many times over. The money resulting from leasing hambantota did not go to paying Chinese creditors for the port but to pay other international creditors and propping up SriLanka's depleted FX reserves.
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  3.  @shreeveda  come back with actual facts instead of using fancy words without actually demonstrating anything to back up your thesis.
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  4.  @shreeveda  stay on topic. Don't be a usual Indian.
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  5. The racism and xenophobia against Chinese are astounding. Oh well, fortunately, it ain't the 19th century no more. Lol. Go cry about it and come back for more.
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  6.  @MrScandinavio  you seen 'first hand' on the BBC? 🤣🙄
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  7.  @rond5936  well do you also know that the EU exports a shit load of stuff to China as well?
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  8.  @paulmakinson1965  have you checked how much Madagascar borrowed from others. Including the IMF and the World Bank?
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  9. So much fake info you are spreading. There was never any asset seizure in Uganda. And go look at how many locals are now employed by the railway built by China in Kenya now that it is operational!
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  10. Srilanka leased out the port of Hambantota willingly to the Chinese and the proceeds went to pay NOT Chinese creditors but rather international markets creditors and to shore up its FX reserves. China is owed only 10% of SriLanka's external debt. Far lower than to Japan and far, far lower than to The IMF /worldbank /international markets.
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