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2022-04-05 China-Japan-Koreas
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Both Pakistan and Sri Lanka are victims of the Chinese debt trap
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In America we call that predatory lending, and toss the lenders in jail for it. [OneInida] Both Pakistain and Sri Lanka have plunged into a crisis and the blame lies entirely on the Chinese debt.
The situation in these two countries has now forced nations like Maldives, Bangladesh and Nepal to think again on the Chinese infrastructure and also being part of the BRI initiative.
In Sri Lanka the blame clearly lies on Rajapaksa who began leaning towards the Chinese heavily much to the displeasure of India. The nation brought upon itself immense economic stress by taking high interest loans from China in the name of developing infrastructure.
Pakistain on the other hand has more than 10 per cent of its debt owed to China. Imran Khan
 ...aka The Great Khan , who is the lightweight's lightweight...
has been blamed squarely for the economic mess the country is in today. Due to this high value debts the country has not only fallen economically, buy has also plunged into political crisis. Khan is making matters worse by whipping up public sentiments and blaming the situation on a foreign conspiracy against him and his government.
Both Pakistain and Sri Lanka face complex situations as the US has a great amount of control on the global financial institutions. This would make it harder for the two nations as they have shifted their loyalties to China. 
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Posted by trailing wife 2022-04-05 02:26||
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File under: Commies
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Posted by Dron66046 2022-04-05 05:52||
2022-04-05 05:52||
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