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Contagious_Cure t1_jee5l47 wrote

Reply to comment by No_Mission5618 in China calls US debt trap accusation 'irresponsible' by BubsyFanboy

Where's the blackmail? Do you know what blackmail is? Did you even read your own linked article? China and Venezuela made a deal where China would loan them money in exchange the sale of Iron ore at a heavily discounted rate. In the end Venezuela were unable to produce the iron ore quotas despite fuether investment from China intended to increase their productivity. So China doesn't get the Iron Ore they were promised and Venezuela still owes money to China because they didn't meet the Iron Ore Quota they promised.

Where's the blackmail?

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No_Mission5618 t1_jee5s6v wrote

I’m talking about the so called billions debt cut, I can careless about the black mail. And yes, I did read the article.

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Contagious_Cure t1_jee6q4d wrote

https://www.forbes.com/sites/kenrapoza/2019/05/29/china-has-forgiven-nearly-10-billion-in-debt-cuba-accounts-for-over-half/

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No_Mission5618 t1_jeea06m wrote

To add on this I’m gonna use my sources which show which countries owe the most debt to China and tell you where they rank on gdp. So the countries that owe the most debt to China.

“Pakistan ($27.4 billion of external debt to China), Angola (22.0 billion), Ethiopia (7.4 billion), Kenya (7.4 billion) and Sri Lanka (7.2 billion) held the biggest debts to China”

ranking of countries gdp

Sri Lanka: 65 Maldives: 150 Pakistan: 40 Ethiopia: 66 Kenya: 67 Angola: 57 Laos: 116

Just for reference Ukraine is ranked 60 on that list, and is considered the poorest country in Europe.

https://worldpopulationreview.com/country-rankings/poorest-countries-in-europe.

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