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by rmk
1431 days ago
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Nothing of that sort. Repeated investigations of Chinese debt by different groups yield the recurring theme of confidentiality, very high interest rates over very compressed repayment periods that border on predatory, non participation in Paris Club (which exists to resolve debtor nations' problems in an orderly, reasonable manner), extensive use of cash collateral in offshore accounts... All of them very much against modern and international norms, and extremely secretive. https://www.reuters.com/article/uk-china-emerging-debt/datab... https://en.wikipedia.org/wiki/Paris_Club |
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