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Re:How China's “debt traps” work by stickfigure on Monday October 02, 2023 @02:29PM (#37742417)
> So what?

A very large number of Chinese citizens will lose their savings to these ponzi-esque construction schemes. Vast waves of defaults may take the banks with them. In Albania something similar caused mass civil unrest.

Re:How China's “debt traps” work by ceejayoz on Monday October 02, 2023 @03:21PM (#37743094)
In case anyone wants a cite on the Albania bit:

https://en.wikipedia.org/wiki/1997_Albanian_civil_unrest

Ponzi/pyramid schemes captured two thirds of Albania's population.