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  1. #51
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    Quote Originally Posted by OhOh View Post
    China agreed the conditions, if a default occurred, with the then government.
    Have you been drinking, or would you simply like to finish your thoughts?

  2. #52
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    One item from yesterday's CFM:

    Foreign Ministry Spokesperson Wang Wenbin’s Regular Press Conference on July 14, 2022

    "Xinhua News Agency:

    According to research released recently by UK-based charity Debt Justice, citing data from the World Bank and the IMF, African governments owe three times more debt to Western private lenders than to China, and are charged double the interest.

    Debt Justice calls on Western countries to compel private lenders to take part in the G20’s debt relief scheme.

    What’s China’s comment?

    Wang Wenbin:

    I have taken note of the research report. According to data from the World Bank, of the $696 billion external debt of 49 African governments with data, about three quarters is owed to multilateral institutions and non-Chinese private creditors. Debt Justice found that for the 24 African countries with the highest debt burdens, the median share of their external debt payments from 2022 to 2028 to non-Chinese private creditors and multilateral creditors is projected to be 32% and 35% respectively.

    The average interest rate on loans from Western private lenders is almost twice that of Chinese lenders.

    These facts and data show that the so-called “Chinese debt trap” is pure disinformation and a narrative trap created by those who do not hope to see China-Africa cooperation pick up speed.

    As Debt Justice’s head of policy said,

    “Western leaders blame China for debt crises in Africa, but this is a distraction. The truth is their own banks, asset managers and oil traders are far more responsible.

    We call on developed countries, their private lenders and multilateral financial institutions to take more robust actions to give developing countries funding support and relieve their debt burden, so that the world economy will achieve inclusive and sustainable development."

    Foreign Ministry Spokesperson Wang Wenbin’s Regular Press Conference on July 14, 2022


    Debt Justice, World Bank and the IMF appear to have different opinions to some of our TD "financial experts".
    A tray full of GOLD is not worth a moment in time.

  3. #53
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  4. #54
    Hangin' Around cyrille's Avatar
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    Source: Chinese Foreign Ministry.

    'Global Times is an English-language Chinese newspaper, under the People's Daily. Ever since its founding, the People's Daily has been under the direct control of the CCP's top leadership'.

    Last edited by cyrille; 22-07-2022 at 10:29 AM.

  5. #55
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    So China is providing aid to Sri Lanka, while the western financial institutions that provided them with the high interest rate, high risk debt are..... suing them.

  6. #56
    Hangin' Around cyrille's Avatar
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    According to Xi's employees.

  7. #57
    Im bored AF Backspin's Avatar
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    Quote Originally Posted by sabang View Post
    So China is providing aid to Sri Lanka, while the western financial institutions that provided them with the high interest rate, high risk debt are..... suing them.
    Sri Lanka was actually a guinea pig testing ground for the WEF Globalist cabal. They banned fertilizer. This is the same thing they are doing in Netherlands except in smaller steps. Why ? Muh climate change (neo Malthusian depravity)

    Fertiliser ban decimates Sri Lankan crops as government popularity ebbs | Reuters

    The impact of the poor paddy crop could push up the retail price of rice by around 30%, said Buddhi Marambe, an agriculture professor at the University of Peradeniya, who blamed the decision to ban chemical fertilisers.

  8. #58
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    There is a part of me that wants to be smug and say "This is what happens when a family of corrupt incompetents pretend to run a country." But that isn't very helpful to the population who now have to suffer privation and possibly starvation as a result. I feel very sorry for these people.

    Sadly Sri Lanka might only be the first domino to fall. Other countries which might default include Laos, the Maldives and even Pakistan.

  9. #59
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    Quote Originally Posted by Backspin View Post
    Sri Lanka was actually a guinea pig testing ground for the WEF Globalist cabal. They banned fertilizer. This is the same thing they are doing in Netherlands except in smaller steps. Why ? Muh climate change (neo Malthusian depravity)

    This gif is you skiddy.



  10. #60
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    Quote Originally Posted by sabang View Post
    So
    No. You are confusing the issue again.

    Debt relief versus China's 'gimme' policy. Simple, innit. It has been explained to you many times and posting a little picture of idiocies doesn't help your case at all.

    Try this:



    How sweet . . . signing away the country, that's the caption

  11. #61
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by sabang View Post
    So China is providing aid to Sri Lanka, while the western financial institutions that provided them with the high interest rate, high risk debt are..... suing them.

    China is propping up the fucking mess it made so it can ensure it gets the predatory interest it is charging on the loan sharking it made to Sri Lanka.

    You of course are happy about this, because you're no better than the chinky parasites that caused it.

  12. #62
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    The high yield debt is from western financial institutions- not the ADB, Japan and China. And they are suing. GIYF. The facts don't fit your narrative 'arry, but they rarely do.

  13. #63
    Im bored AF Backspin's Avatar
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    And since the fertilizer ban in Seri Lanka was such a resounding success and is going over so well in the Netherlands , Trudau is starting fertilizer cut backs in Canada.

    Mandated cuts in fertilizer use could be costly for Canada, report warns - AGCanada - AGCanada

    Should do the food inflation crisis around the world a lot of good too

  14. #64
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by sabang View Post
    The high yield debt is from western financial institutions- not the ADB, Japan and China. And they are suing. GIYF. The facts don't fit your narrative 'arry, but they rarely do.
    And for at least the THIRD time you're ignoring what has been posted several times about the chinky subterfuge whereby they use a variety of non-governmental financial instruments to hide the true extent of their predatory lending.

    And churn out this utter fucking rubbish like the snivelling chinky sycophant you are.
    Warning: Be cautious if you are a fragile pink

  15. #65
    Im bored AF Backspin's Avatar
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    Quote Originally Posted by aging one View Post
    This gif is you skiddy.


    So you think the fertilizer ban in Sri Lanka had nothing to do with the foot shortages ?


  16. #66
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    Quote Originally Posted by Backspin View Post
    So you think
    At least he does . . .

  17. #67
    Im bored AF Backspin's Avatar
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    Quote Originally Posted by panama hat View Post
    At least he does . . .
    Its a very simple question.

  18. #68
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    Quote Originally Posted by Backspin View Post
    foot shortages ?
    foot shortages?

    The wooden leg business must be booming then!

  19. #69
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    Quote Originally Posted by Backspin View Post
    Its a very simple question.
    One even you could answer . . . in a clinch with a friend using the internet



    Quote Originally Posted by DrWilly View Post
    foot shortages?
    Is that why he always buys pants that are too small?

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