China’s share of global GDP has increased from 3.6% in 2000 to 17.8% in 2019 and will continue to grow, the CEBR said. It would pass the per capita threshold of $12,536 (£9,215) to become a high-income country by 2023.
absolutely insane
China’s share of global GDP has increased from 3.6% in 2000 to 17.8% in 2019 and will continue to grow, the CEBR said. It would pass the per capita threshold of $12,536 (£9,215) to become a high-income country by 2023.
absolutely insane
In total china has cancelled debt in 94 cases before this latest wave , its not a "really good thing" I suppose... but international loans are useful to developing countries, especially when put towards developing infrastructure
here is another example
https://www.cfr.org/blog/africa-faces-covid-19-chinese-debt-relief-welcome-development
and in total, China has provided 2.1 billion in debt relief under the g20 framework alone
https://www.reuters.com/article/us-china-debt-g20-idUSKBN28009A
BEIJING (Reuters) - China has extended debt relief to developing countries worth a combined $2.1 billion under the G20 framework, the highest among the group’s members in terms of the amount deferred, the country’s Finance Minister Liu Kun said on Friday.
Liu’s comments come as African countries, hammered by the COVID-19 pandemic, face another debt crisis, and will need more long-term help than the latest G20 Debt Service Suspension Initiative (DSSI) offers them to ward off trouble ahead and keep much-needed investments coming in.
now if you have an example of these countires being bullied by China it would be a good time to present it if you're so inclined, as my understanding of the relationships China has with the countries you listed are mutually beneficial ones
https://static1.squarespace.com/static/5652847de4b033f56d2bdc29/t/5efe93effc0b1550d2e8d5c3/1593742320379/PB+46+-+Acker%2C+Brautigam%2C+Huang+-+Debt+Relief.pdf
here a helpful paper publishe by an American university describing at least 3.4 billion in debt cancelled