Norobiik @Norobiik@noc.social · @Norobiik
429 followers · 6563 posts · Server noc.socialA blessing in disguise.
"In contrast, the Japanese quickly funded rail projects that would connect #Clark with #NCR and #Calamba. Not only that, Japanese ODA only charges 0.25 to 0.75 percent interest compared to the two to three percent for Chinese funding. And Japanese assistance comes with no political strings attached.." #Philippines #DebtTrap
#China flakes out of railway projects
#china #debttrap #philippines #calamba #ncr #clark
#iTHiNKLabs Episode 266🔴https://bit.ly/3WjYeLX
Focus:
#Putin #InfoSec #Pakistan #DebtTrap #Politics #Business #Kenya #Jobs #Nearshoring #China #ArtificialIntelligence #Music #Taiwan #ClimateChange #Fediverse #BRI #Japan #Technology #Equador #RealEstate #IMF #Apple #USA #Africa #F16 #Ukraine #EconomicCoercion #Ethiopia #Security #Laos #Biden #Russia #TikTok #Mongolia #Housing #Uganda #CyberSecurity #SriLanka #AI #France #GlobalWarming #HR #Zambia #G7 #Congo #Debt #Career #BlackMastodon #Techâ–¼
#ithinklabs #putin #infosec #pakistan #debttrap #politics #business #kenya #jobs #nearshoring #china #artificialintelligence #music #taiwan #climatechange #fediverse #bri #japan #technology #equador #realestate #imf #apple #usa #africa #f16 #ukraine #economiccoercion #ethiopia #security #laos #biden #russia #tiktok #mongolia #housing #uganda #cybersecurity #srilanka #ai #france #globalwarming #hr #zambia #g7 #congo #debt #career #blackmastodon #tech
Norobiik · @Norobiik
306 followers · 4967 posts · Server noc.social
"A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, #China."
‘In a lot of the world, the clock has hit midnight’: China is calling in loans to dozens of countries from #Pakistan to #Kenya | #DebtTrap #SriLanka #Zambia #Laos #Mongolia
#Mongolia #laos #zambia #srilanka #debttrap #kenya #pakistan #china
Hitech Guru · @hitechguru
13 followers · 154 posts · Server mindly.social'Clock has hit midnight': #Chinaloans pushing world’s #poorestcountries to #brinkofcollapse https://ca.finance.yahoo.com/news/clock-hit-midnight-china-loans-050500588.html #SriLankaCrisis #ChinaExposed #china #debts #riskmanagement #risks #DebtTrap #EconomicCrisis #Zambia #Mongolia #Pakistan #laos #Kenya #geopolitics #ChineseCulture #debttrapdiplomacy #FinancialCrisis #Billions #Loans #BRI #highinterest #Poornations #developingcountries #finance
#chinaloans #poorestcountries #brinkofcollapse #SriLankaCrisis #chinaexposed #china #debts #riskmanagement #risks #debttrap #economiccrisis #zambia #Mongolia #pakistan #Laos #Kenya #geopolitics #chineseculture #debttrapdiplomacy #financialcrisis #billions #loans #BRI #highinterest #poornations #developingcountries #finance
Henri Horn · @henrihorn
105 followers · 249 posts · Server mastodon.energyChina Belt and Road initiative investment in fossil energy development has plunged to a hundredth of where it was a decade ago. President Xi Jinping pledged in 2021 to build no new coal-fired power plants abroad to cut GHG emissions.
Also, "soft" fields like IT are less costly. Average investments:
$760 million per fossil-fuel project,
$160 million in mining.
Biotech just $60 million
IT services $20 million.
-> Less risk of #debtTrap for receiving country.
bikejourno · @bikejourno
563 followers · 6740 posts · Server mastodon.cloud@zeithistoriker And utterly altruistic - did anyone say #debttrap? #China #fucktheCCP
Laceys House · @LaceysHouse
15 followers · 420 posts · Server econtwitter.net#China #Africa #Debttrap #Economy #Loans #EconomicCrisis #Zambia #Tanzania #Kenya #Angola #Uganda #USA #America #KamalaHarris #Money #Ghana #DebtRestructuring
#China #Africa #debttrap #economy #loans #economiccrisis #zambia #Tanzania #Kenya #angola #uganda #usa #america #KamalaHarris #money #Ghana #debtrestructuring
Patrice BackerðŸ‡ðŸ‡¹ðŸ‡¸ðŸ‡³ðŸ‡¨ðŸ‡¬ðŸ‡ºðŸ‡¸ · @pbacker67
3 followers · 37 posts · Server toot.community
This is the breakdown of #Ghana's external debt. I am curious to hear what will be said about #China's debt compared to, say, the country's reliance on #Eurobonds for funding. #DebtTrap
#ghana #China #eurobonds #debttrap
Patrice BackerðŸ‡ðŸ‡¹ðŸ‡¸ðŸ‡³ðŸ‡¨ðŸ‡¬ðŸ‡ºðŸ‡¸ · @pbacker67
3 followers · 39 posts · Server toot.community
This is the breakdown of #Ghana's external debt. I am curious to hear what will be said about #China's debt compared to, say, the country's reliance on #Eurobonds for funding. #DebtTrap
#ghana #China #eurobonds #debttrap
siobhanallison · @siobhanallison
0 followers · 11 posts · Server mastodon.lolThe Guardian: China circles El Salvador’s economy as country edges toward crypto plunge.
https://www.theguardian.com/technology/2022/nov/15/china-el-salvador-economy-cryptocurrency-fall
#BitCoin #FTX #Crash #CryptoCrash #ElSalvador #China #DebtTrap
#bitcoin #FtX #crash #cryptocrash #elsalvador #china #debttrap
Jumbo · @jumbo
140 followers · 2149 posts · Server mas.to
#SriLanka #Emergency #DebtTrap #Democracy #Authoritarianism
In Sri Lanka we see a battle royale building between the authoritarian government (linked to #China and its 'belt & road' policy and mired in corruption paid for by public debt) and the people who are using strikes and protest to demand #democracy and #humanrights
It's same as the Ukraine/Russia struggle but without the tanks. We must help democracy in Sri Lanka. This must not be another 'Arab Spring' failed by our indifference.
#humanrights #China #authoritarianism #democracy #debttrap #emergency #srilanka
LPS · @lps
288 followers · 3734 posts · Server masto.1146.nohost.meA great introduction to how former colonial powers still use the IMF and tide "loans" to exploit developing nations around the world via debt traps and China, as a former victim of this practice, is taking a different approach.
The Socialist Program with Brian Becker: China and Africa: The Real Story of Western Hypocrisy https://anchor.fm/s/35d1dba4/podcast/play/44247291/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2021-11-2%2Fc2ab5d6d-425a-822e-1776-e1ecb5ff0a2b.mp3
#beltandroad #china #imf #colonialism #debttrap #imperialism #thesocialistprogram #capitalism #africa
#beltandroad #china #imf #colonialism #debttrap #imperialism #thesocialistprogram #capitalism #africa
bikejourno · @bikejourno
337 followers · 4903 posts · Server mastodon.cloud
As the Regional Comprehensive Economic Partnership #RCEP goes to show, #freetrade with Chinese characteristics may well include #expansionism against clear #UNCLOS rulings and yes: petty #tradewars if a country does not act as #China wants.
#Australia|n coal, wine and lobster, anyone?
Do not sign contracts with #China.
Do not become part of #Beijing's larger plan.
Steer clear of its #beltandroad initiative that often comes with a built-in #debttrap.
#expansionism #unclos #tradewars #beltandroad #debttrap #rcep #freetrade #china #australia #beijing
bikejourno · @bikejourno
337 followers · 4903 posts · Server mastodon.cloudThousands of kilometers of #China's new #Silkroad lead through muslim-dominated countries. At the same time China is brutally oppressing its muslim population and puts many in pris.. reeducation camps. This is a catastrophe waiting to happen: This infrastructure is a painfully obvious target for attacks. And don't even get me started about the #debttrap.
bikejourno · @bikejourno
337 followers · 4903 posts · Server mastodon.cloudSurprised to read that "only" 89% of the #contracts for the #infrastructure of #OBOR on the #Balkans go to companies from #China. Why not take the full 100%? There's still the #debttrap for all others, right?
#contracts #infrastructure #obor #balkans #china #debttrap
bikejourno · @bikejourno
337 followers · 4903 posts · Server mastodon.cloudWelcome to #Greece, #Beijing: The bureaucrats have made this country so #dysfunctional that your #debttrap might backfire. Malign intentions deserve such an outcome. #China #OBOR https://www.zerohedge.com/news/2019-04-08/chinas-multi-billion-dollar-greece-investment-stymied-archaeological-authority
#greece #beijing #dysfunctional #debttrap #china #obor