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by meiraleal 574 days ago
Just last week, they gave a megaport to Peru, the biggest in Latin America
2 comments

The infrastructure projects that China "gives" generally result in unsustainable debt burdens for the host countries that negatively impact their economies.

https://bankruptcyroundtable.law.harvard.edu/2024/09/24/a-ta... https://www.gao.gov/products/gao-24-106866 https://clsbluesky.law.columbia.edu/2024/06/14/chinas-debt-f...

Still much better than IMF loans, heavy debt but no real infrastructure while forcing privatization to the group of western "friends"
Business interests. Don't think that it's out of the goodness of their hearts.
Right. Goodness of their hearts only comes from the US. The others just want to take advantage, careful! /s