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ApetteRiche t1_j2n69ao wrote

Reply to comment by BlishBlash in An analysis of data from 30 survey projects spanning 137 countries found that 75% of people in liberal democracies hold a negative view of China, and 87% hold a negative view of Russia. However, for the rest of the world, 70% feel positively towards China, and 66% feel positively towards Russia. by glawgii

Question is how long that positivity towards China will last. From my understanding China is offering to build infrastructure in poorer countries by giving them a loan. However, if they are unable to pay the loan back in a certain amount of time, China becomes the owner of said infrastructure.

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Lostmyfnusername t1_j2nt9mg wrote

I heard that before but never understood why it was bad. Is it predatory in some way? If I can't pay off my mortgage then the bank takes my house.

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Halcyon_Rein t1_j2nvqw8 wrote

Because the loan is designed to be unpayable and the only reason the governments of these nations even agree to the loans is because their officials are completely bought. The people of these nations end up suffering. It isn’t their corrupt political system that foots the bill.

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ApetteRiche t1_j2nvkzu wrote

You don't understand how it's important for a country to be in charge of their own infrastructure?

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Whitehatdvl t1_j2nzgd7 wrote

The bank shouldn't be giving you a loan if they don't think you can pay it off, most governments have protections in place to prevent predatory practices like that. The people China is making loans to probably don't have protections like that and also probably don't have people educated enough to look at these offers and realize that they are predatory, they just really want to have the infrastructure.

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