China is calling in loans to dozens of countries from Pakistan to Kenya

Re:China is calling in loans to dozens of countries from Pak... by lowdownfork on Sunday May 21, 2023 @09:58PM (#36026564)

This article has no "hint claim" that China is the sole lender. In fact, there's no such thing as "the front of the line" when you're the sole lender.

It's an article about Chinese lenders rejecting and sabotaging the traditional practice of lenders working together to avoid a default. They're trying to grab as much as they can for themselves while the debtor falls into chaos. You don't need to be the sole or even majority lender to cause immense pain through short-sighted greed by doing that.

[ Parent | on HN ]

Re:China is calling in loans to dozens of countries from Pak... by kevin_thibedeau on Monday May 22, 2023 @12:28AM (#36027459)

Their intent all along was to wait for the defaults to start pouring in so they can claim all the assets they funded. The speedrun way to plant infrastructure around the globe and manage their own banana republics without raising the hackles of an adversary. Making a deal was never an option.

[ Parent | on HN ]

Re:China is calling in loans to dozens of countries from Pak... by sshine on Monday May 22, 2023 @03:13AM (#36028355)

This is why Denmark veto’ed China lending Greenland money to build a better airport.

There is nothing bad with the loan. But the loaners are not always so good at paying back.

[ Parent | on HN ]