Won't Be Able to Repay China Even if We Sell Our 'Grandmother's Jewellery': Ex-Maldivian President

[Place Of Space]

Why everyone is falling for Chinese debt trap.... Sri Lanka experience should have been eye opener.... Kenya too.....


USA is totally totally a different thing..... debt trap can be fatal for weaker, poor countries only not for something like USA......

Debt has two types at least. I call them consumption debt and construction / investment debt.
Consumption debt is trap often while construction debt can promote real economy, and beneficial to both.

 

[CAPRICORN-88]

Well. With no Chinese tourists coming because of his hostile comments and policies, Maldive can always take the risks by opening their doors to India if they can afford to go there for holidays to begin with at this time.
I read China has just announced that they have just forgiven USD2.1 billion debts by poorer nations due to COVID, I pretty sure they won't included Maldive now.
The consequences of being ungrateful and talking too much.