this post was submitted on 10 Aug 2023
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chapotraphouse
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From that news.com australian article I posted: "But the concept of a Chinese “debt trap” has also been criticised, with a study in 2020 finding China had restructured or refinanced about $21 billion of debt in Africa between 2000 and 2019. The study also noted there was no evidence of “asset seizures”and that Chinese lenders had not used courts to enforce payments, or applied penalty interest rates to distressed borrowers. [emphasis mine]"
They've had the opportunity to really milk these countries if they wanted, and actively chosen not to.
EDIT: Here's the study being referenced in that paragraph i quoted: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3745021