They frequently do, they can’t afford to run endless charity though, so loans with few restrictions are often used to help speed up development in a more sustainable way.
But they haven’t.
Right now PRC holds all the assets and gets all the revenue, and laos holds all the debt and all the risks, for 30 years. China has used this to grant themselves positions of control over large parts of the infrastructure planning.
China and laos have strong friendship… According to China today? 🤨
I’m not saying that China is currently taking advantage of Laos, I’m saying that China has put Laos in a position where nothing is stopping them from taking advantage of Laos. The threat is implicit.
Cowbee@lemmy.ml 3 weeks ago
They frequently do, they can’t afford to run endless charity though, so loans with few restrictions are often used to help speed up development in a more sustainable way.
PeriodicallyPedantic@lemmy.ca 3 weeks ago
But they haven’t.
Right now PRC holds all the assets and gets all the revenue, and laos holds all the debt and all the risks, for 30 years. China has used this to grant themselves positions of control over large parts of the infrastructure planning.
Cowbee@lemmy.ml 3 weeks ago
China does frequently forgive loans. As socialist countries, China and Laos have strong friendship and cooperative ties. Laos is not in any danger from the loans, and has been steadily developing partially with the assistance of said loans.
PeriodicallyPedantic@lemmy.ca 3 weeks ago
China and laos have strong friendship… According to China today? 🤨
I’m not saying that China is currently taking advantage of Laos, I’m saying that China has put Laos in a position where nothing is stopping them from taking advantage of Laos. The threat is implicit.