Pentagon press secretary John Kirby: US Wants to Be an Alternative to China's Coercion

[beijingwalker]

Pentagon press secretary John Kirby: US Wants to Be an Alternative to China's Coercion

 

[beijingwalker]

Lol, now US is becoming an alternative... what a fast changing world

 

[etylo]

The world number one coercive force US as always now accuses other of coercion, what an irony. Doesn't the US sanction and threaten half of the world countries every day ? Lol, thick face.

 

[beijingwalker]

US is going to save the world from China' s coercion, lol, the biggest joke ever.

 

[beijingwalker]

China always says China is an alternative to the developing countries and the global south, now US copies China and claims it is. it's a funny world we are living now.

 

[Dalit]

Pentagon press secretary John Kirby: US Wants to Be an Alternative to China's Coercion

These Americans have never been tested like this before.

 

[Arsalan345]

Kenya is almost bankrupt, thanks to China. Pakistan is next. United States must protect poor countries from China. China debt trap is a strategy to gain foothold in other countries.

 

[etylo]

Kenya is almost bankrupt, thanks to China. Pakistan is next. United States must protect poor countries from China. China debt trap is a strategy to gain foothold in other countries.

Cancel all the projects and business deals with China then. I am all for those countries to borrow money from their savor the US instead of China.

Know your facts before open your mouth and blame on China next time.


Following are some quotes about the facts of African debts:

Kenya total external debt for 2021 was $41 billion, and Chinese debt accounts for about $9 billion.

"Chinese lenders account for 12% of Africa's private and public external debt, which increased more than fivefold to $696 billion from 2000 to 2020. China is a major creditor of many African nations, but its lending has fallen in recent years and is set to remain at lower levels"

"The report said 12 percent of African governments' external debt is owed to Chinese lenders compared to 35 percent owed to Western private lenders, adding that the average interest rate on private loans is 5 percent, compared to 2.7 percent on loans from Chinese public and private lenders."

"Beatrice Matiri-Maisori, a senior economics lecturer at Kenya's Riara University, said the figures and percentages revealed by the studies clearly indicate that Africa's external debt is largely owed to private financial groups, Eurobonds, and oil creditors."

"Western lenders for long have not been put on the spotlight for debt relief because they successfully managed to dupe the world that it's only Chinese lenders that pose a threat to Africa," Uganda-based Vision Group journalist Mubarak Mugabo said.

"China has extended debt suspension to other developing countries during the pandemic, but private lenders in the West did not, said Tim Jones, head of policy at Debt Justice."

"Western leaders blame China for debt crises in Africa, but this is a distraction ... The UK and U.S. should introduce legislation to compel private lenders to take part in debt relief," he said.

Studies show private Western lenders create most of African debt burden

Studies show private Western lenders create most of African debt burden-

english.news.cn

 

[beijingwalker]

Kenya is almost bankrupt, thanks to China. Pakistan is next. United States must protect poor countries from China. China debt trap is a strategy to gain foothold in other countries.

You sound like a broken lie record. Was Africa in a better shape before China came into the picture?

 

[Bengal71]

I thought US is the undisputed king of coercion already.