Article: China's navy has the world's largest flee
A new report by Debt Justice has shown that many African countries owe three times more debts to West banks, oil traders and asset managers than they do to Chinese lenders.
In the report which was seen by Business Insider Africa, Debt Justice's Head of Policy, Tim Jones, was quoted to have 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 but the G7 are letting them off the hook. China took part in the G20’s debt suspension scheme during the pandemic, private lenders did not. There can be no effective debt solution without the involvement of private lenders. The UK and US should introduce legislation to compel private lenders to take part in debt relief.”
Using available World Bank data to calculate the disparities between African countries' Western and Chinese loan exposures, the report was able to establish the following:
--Only 12% of African countries' external debts are owed to the Chinese.
--On the other hand, 35% of African countries' external debts are owed to Western lenders, specifically private firms such as the afore-mentioned.
--These private lenders charge the highest interest rates of 5%, compared to 2.7% interest rate charged by the Chinese and 1.3% interest rate by multilateral lenders such as the IMF and the World Bank.
--Many African countries with the highest public debt burdens actually have very little loan exposures to the Chinese.
--24 African countries who spend more than 15% of their revenue on debt servicing actually have their "median average of debt payments by creditor grouping" at 11% to the Chinese, compared 32% to Western private lenders.
More: https://africa.businessinsider.com/loca ... se/9g4ly6f
Alternatively, if you'd prefer to be propagandised by the liberal media, here:
https://www.theguardian.com/global-deve ... ampaigners
Those "private lenders" aren't building billions of dollars worth of infrastructure either.
In the report which was seen by Business Insider Africa, Debt Justice's Head of Policy, Tim Jones, was quoted to have 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 but the G7 are letting them off the hook. China took part in the G20’s debt suspension scheme during the pandemic, private lenders did not. There can be no effective debt solution without the involvement of private lenders. The UK and US should introduce legislation to compel private lenders to take part in debt relief.”
Using available World Bank data to calculate the disparities between African countries' Western and Chinese loan exposures, the report was able to establish the following:
--Only 12% of African countries' external debts are owed to the Chinese.
--On the other hand, 35% of African countries' external debts are owed to Western lenders, specifically private firms such as the afore-mentioned.
--These private lenders charge the highest interest rates of 5%, compared to 2.7% interest rate charged by the Chinese and 1.3% interest rate by multilateral lenders such as the IMF and the World Bank.
--Many African countries with the highest public debt burdens actually have very little loan exposures to the Chinese.
--24 African countries who spend more than 15% of their revenue on debt servicing actually have their "median average of debt payments by creditor grouping" at 11% to the Chinese, compared 32% to Western private lenders.
More: https://africa.businessinsider.com/loca ... se/9g4ly6f
Alternatively, if you'd prefer to be propagandised by the liberal media, here:
https://www.theguardian.com/global-deve ... ampaigners
Those "private lenders" aren't building billions of dollars worth of infrastructure either.
Yup, NY/London Wall St gangs getting jittery about the competition
-
- I Am Losing It All to the Internet
- Reactions: 30
- Posts: 1445
- Joined: Thu Jul 10, 2014 4:39 pm
- Location: Australia
Go live in China then you Fucking moron.Dylan Quint wrote: ↑Mon Jul 11, 2022 3:09 pmHa, more rubbish. The only thing that goes on and on is you! and very similar to Marvin's Sino- phobic rhetoricJollyBee wrote: ↑Mon Jul 04, 2022 1:03 pm...I mean, selling people's organs because they don't agree with you. And removing them while alive and without any anesthetic. The list goes on and on.
The only country that thinks Russia doing the right thing is China...Go figure!
Whats your go? Did fuck a few Chinese hookers in China and now your in love.
Chinese, love people like you. Come in spinner.
Don't mention the Giant Panda in the room.
They have never said that. They have said they agree with Russias concerns about NATO's advance but have sat on the fence with actually saying they are "doing the right thing" with regards to invading Ukraine, as you put it.Marvin wrote: ↑Tue Jul 19, 2022 10:49 amGo live in China then you Fucking moron.Dylan Quint wrote: ↑Mon Jul 11, 2022 3:09 pmHa, more rubbish. The only thing that goes on and on is you! and very similar to Marvin's Sino- phobic rhetoricJollyBee wrote: ↑Mon Jul 04, 2022 1:03 pm...I mean, selling people's organs because they don't agree with you. And removing them while alive and without any anesthetic. The list goes on and on.
The only country that thinks Russia doing the right thing is China...Go figure!
Saying nothing isn't agreeing.
They have said they don't agree withe the Crimea annexation and Russia doesn't agree with China's claim on the South Seas, but that doesn't fit your rhetoric does it.
Maybe look at Cuba, Pakistan, Venezuela, Brazil, Syria for that chummy feeling towards Russia.
2
2
pew, pew, pew, pew!
-
- I Am Losing It All to the Internet
- Reactions: 30
- Posts: 1445
- Joined: Thu Jul 10, 2014 4:39 pm
- Location: Australia
NATOs advance...
Oh that's right NATO was getting ready to attack the Russians.
Not increasing defences to stop the Russians attacking other countries in Europe. Which they are doing as we speak.
So why did Sweden and Finland just join NATO...Oh they want to be in on the NATO assault on Russia.
Sorry YTP I must have misunderstood mainstream media and available books that us plebs have access to. I don't have access to all the real high-level stuff that you are privy to.
And what about the Chinese and Russian "limitless" partnership they announced just before the Ukraine shitfight. I guess that is wrong also. Or is that saying nothing. Or is that saying something... I am confused as usual.
I am sure you will set it all straight so I'll get it.
Oh that's right NATO was getting ready to attack the Russians.
Not increasing defences to stop the Russians attacking other countries in Europe. Which they are doing as we speak.
So why did Sweden and Finland just join NATO...Oh they want to be in on the NATO assault on Russia.
Sorry YTP I must have misunderstood mainstream media and available books that us plebs have access to. I don't have access to all the real high-level stuff that you are privy to.
And what about the Chinese and Russian "limitless" partnership they announced just before the Ukraine shitfight. I guess that is wrong also. Or is that saying nothing. Or is that saying something... I am confused as usual.
I am sure you will set it all straight so I'll get it.
Don't mention the Giant Panda in the room.
Are you JollyPee’s parasitic sister?
pew, pew, pew, pew!
-
- I Am Losing It All to the Internet
- Reactions: 30
- Posts: 1445
- Joined: Thu Jul 10, 2014 4:39 pm
- Location: Australia
Why are you making this about someone else YTP?
My views on China are clear as always on here YTP.
You are always the same.A winging fucking critic of anything you don't post.
Dazzle us with your intellect or shut the fuck up.
Always thought you were a fuckwit! Even more so...the unfortunate times I saw you in person.
Muppet!
My views on China are clear as always on here YTP.
You are always the same.A winging fucking critic of anything you don't post.
Dazzle us with your intellect or shut the fuck up.
Always thought you were a fuckwit! Even more so...the unfortunate times I saw you in person.
Muppet!
Don't mention the Giant Panda in the room.
Oh we’ve met?Marvin wrote: ↑Tue Jul 19, 2022 4:28 pmWhy are you making this about someone else YTP?
My views on China are clear as always on here YTP.
You are always the same.A winging fucking critic of anything you don't post.
Dazzle us with your intellect or shut the fuck up.
Always thought you were a fuckwit! Even more so...the unfortunate times I saw you in person.
Muppet!
Was it at that party with the keys in the fruit bowl? You’re the Skoda owner right.
This isn’t about your inherent dislike for the 1.4 billion Chinese (“The PRC! I never said the Chinese” etc) but about the usual nonsense about Ream that’s been posted many times over.
Why don’t you introduce yourself next time we meet old chap. That’ll be the adult thing to do.
pew, pew, pew, pew!
-
- I Am Losing It All to the Internet
- Reactions: 30
- Posts: 1445
- Joined: Thu Jul 10, 2014 4:39 pm
- Location: Australia
The Adult thing to do... FFS.YaTingPom wrote: ↑Tue Jul 19, 2022 4:38 pmOh we’ve met?Marvin wrote: ↑Tue Jul 19, 2022 4:28 pmWhy are you making this about someone else YTP?
My views on China are clear as always on here YTP.
You are always the same.A winging fucking critic of anything you don't post.
Dazzle us with your intellect or shut the fuck up.
Always thought you were a fuckwit! Even more so...the unfortunate times I saw you in person.
Muppet!
Was it at that party with the keys in the fruit bowl? You’re the Skoda owner right.
That’ll be the adult thing to do.
Clearly you never read your posts!
Don't mention the Giant Panda in the room.
Cool, Marvin has finally appeared. Now, let me inform you Marvin, Iran is probably Russia's staunchest ally.Marvin wrote: ↑Tue Jul 19, 2022 10:49 amGo live in China then you Fucking moron.Dylan Quint wrote: ↑Mon Jul 11, 2022 3:09 pmHa, more rubbish. The only thing that goes on and on is you! and very similar to Marvin's Sino- phobic rhetoricJollyBee wrote: ↑Mon Jul 04, 2022 1:03 pm...I mean, selling people's organs because they don't agree with you. And removing them while alive and without any anesthetic. The list goes on and on.
The only country that thinks Russia doing the right thing is China...Go figure!
Whats your go? Did fuck a few Chinese hookers in China and now your in love.
Chinese, love people like you. Come in spinner.
And no, Chinese people don't like me so much, too ugly and my nose is too big.
How are the Mandarin lessons coming along. China will be knocking on your door soon enough, so do try to be a little more accommodating.
Chin up, Marvin.
You said we’ve met and called me a fuckwit. Say it to my face instead of being a keyboard tough guy otherwise zip it.Marvin wrote: ↑Wed Jul 20, 2022 2:15 amThe Adult thing to do... FFS.YaTingPom wrote: ↑Tue Jul 19, 2022 4:38 pmOh we’ve met?Marvin wrote: ↑Tue Jul 19, 2022 4:28 pmWhy are you making this about someone else YTP?
My views on China are clear as always on here YTP.
You are always the same.A winging fucking critic of anything you don't post.
Dazzle us with your intellect or shut the fuck up.
Always thought you were a fuckwit! Even more so...the unfortunate times I saw you in person.
Muppet!
Was it at that party with the keys in the fruit bowl? You’re the Skoda owner right.
That’ll be the adult thing to do.
Clearly you never read your posts!
Skoda right?
pew, pew, pew, pew!
I know it's off topic but can we have the Skoda story, please?
"Not my circus, not my monkeys" - KiR
It was a white Estelle that got hot, spat out sticky liquid and refused to start if you ate a Chinese meal the night before.
pew, pew, pew, pew!
-
- Similar Topics
- Replies
- Views
- Last post
-
- 0 Replies
- 2539 Views
-
Last post by NotABogan
Wed Aug 07, 2019 1:42 pm
-
-
Thai navy ship HTMS Sukhothai sinks in Gulf of Thailand
by Sonic1 » Mon Dec 19, 2022 10:37 am » in Thailand, Vietnam, Myanmar and Lao forums - 1 Replies
- 240 Views
-
Last post by U531
Tue Dec 20, 2022 10:37 am
-
-
-
Singapore to get 1GW of renewable energy from Cambodia in largest electricity import to date
by Bong Burgundy » Fri Mar 17, 2023 6:18 am » in Cambodia News - 0 Replies
- 646 Views
-
Last post by Bong Burgundy
Fri Mar 17, 2023 6:18 am
-
-
-
Khmer440 acquires largest Facebook group targeting Expats in Cambodia
by Alexandra » Thu Feb 13, 2020 4:34 pm » in Cambodia Speakeasy - 33 Replies
- 12048 Views
-
Last post by Alex
Sat Feb 22, 2020 11:27 pm
-
-
-
Hoards of Russian draft dodgers flee to Thailand
by Sonic1 » Sat Mar 18, 2023 3:01 pm » in Thailand, Vietnam, Myanmar and Lao forums - 12 Replies
- 681 Views
-
Last post by bigcheese
Mon Mar 20, 2023 5:09 pm
-