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How China tried to shut down Australian media coverage of its debt-trap diplomacy in the Pacific

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"Uh, maybe, that's diplomacy," Regenvanu said. "Australia gives us a lot of money and expects us to vote for them in certain things and we do. This is the give-and-take of international diplomacy."
This is pretty funny.
 
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The Chinese don't care about human rights etc, they just want to trap countries in a debt trap.

tell me a single country developed economy without taking on debt? China, Japan, S. Korea all took on massive debt before they starting to industrialize. The so called "debt-trap" is just another biased western notion that Chinese investments is to somehow "colonize" those countries. China is investing hundreds of billions of dollars in those countries, of course China wants to see those investments succeed. But if those countries can't make those projects succeed, and default on the loans, China has right to get those money back, those are hard earned money from decades of earning on the back of Chinese cheap labors, Chinese government owe those money to its citizens and are responsible to get those money back in case investment sour. If those countries can't leverage infrastructures built by china to propel their economy, then China will temporarily take those infrastructure, promoting them to increase economic activities, and make sure China will get its money back.
 
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tell me a single country developed economy without taking on debt? China, Japan, S. Korea all took on massive debt before they starting to industrialized. The so called "debt-trap" is just another biased western notion that Chinese investments is to somehow "colonize" those countries. China is investing hundreds of billions of dollars in those countries, of course China wants to see those investments succeed. But if those countries can't make those projects succeed, and default on the loans, China has right to get those money back, those are hard earned money from decades of earning on the back of Chinese cheap labors, Chinese government owe those money to its citizens and are responsible to get those money back in case investment sour.
You can’t reason with these racists.
 
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tell me a single country developed economy without taking on debt? China, Japan, S. Korea all took on massive debt before they starting to industrialize. The so called "debt-trap" is just another biased western notion that Chinese investments is to somehow "colonize" those countries. China is investing hundreds of billions of dollars in those countries, of course China wants to see those investments succeed. But if those countries can't make those projects succeed, and default on the loans, China has right to get those money back, those are hard earned money from decades of earning on the back of Chinese cheap labors, Chinese government owe those money to its citizens and are responsible to get those money back in case investment sour. If those countries can't leverage infrastructures built by china to propel their economy, then China will temporarily take those infrastructure, promoting them to increase economic activities, and make sure China will get its money back.

China is giving countries loans that China knows these small countries can't pay back, and that too there is no transparency just like China did to Sri Lanka, Pakistan the list goes on.
 
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China is giving countries loans that China knows these small countries can't pay back, and that too there is no transparency just like China did to Sri Lanka, Pakistan the list goes on.
"transparency" is overrated, and no, china doesn't know those countries can't pay back. Investment in those countries is like bank loaning, some of the bank loan will fail, some will succeed. For every single Chinese loan that failed, I can find 5 Chinese loan succeeded, especially in Africa, Lao, Myanmar. Yet media solely focuses on the one that failed and then paddling conspiracy theory china is trying to "colonize" those small countries.
 
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"transparency" is overrated, and no, china doesn't know those countries can't pay back. Investment in those countries is like bank loaning, some of the bank loan will fail, some will succeed. For every single Chinese loan that failed, I can find 5 Chinese loan succeeded, especially in Africa, Lao, Myanmar. Yet media solely focuses on the one that failed and then paddling conspiracy theory china is trying to "colonize" those small countries.

lol
 
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