China 'cancels interest on Ethiopian loans', estimated $12 billion to $20 billion

[Beast]

i understand, i wish China have positive trade balance with all countries including Pakistan. but at tolerable leval. Iron brother deserve some special concession in trade not big trade deficit, i hope the Chinese and Pakistani leadership will work on this as fast as possible.

Nobody forces Pakistan to buy but it just Pakistan manufacture too weak to be competitive. If Pakistan can make a smartphone as good as Huawei p30 pro. I am sure China will buy from Pakistan. You can't force a country to buy just for sake of trade deficiency. Pakistan buys from China becos China make good and competitive product that no other country can do it better than China.

 

[Max]

Nobody forces Pakistan to buy but it just Pakistan manufacture too weak to be competitive. If Pakistan can make a smartphone as good as Huawei p30 pro. I am sure China will buy from Pakistan. You can't force a country to buy just for sake of trade deficiency. Pakistan buys from China becos China make good and competitive product that no other country can do it better than China.

First comprehend and then quote.

 

[Beast]

I kind of worry what if no countries like to pay interest of the Chinese loans in the future, if you give zero interest loans, factoring in the normal inflation year on year, you'll end up losing money big time.

Not necessary, those countries develop by China infrastructure development and become prosper. They will be rich enough to afford more Chinese product and will spurs Chinese export.

This is called long term strategy. Just like China government giving subsidies to freight service and electric car. You can called this money losing business but the kind of long term return which cannot be witness in near future. Also by giving zero percent interest loan can allow friendship building and strengthening of China inter countries r/s.

 

[Hack-Hook]

Well I see what China do here in another light.
They have their own version of Marshal Plan of USA or COMECON plan of USSR .
In the first glance these are for helping the recovery of economy in the receiving countries but in reality in lead to control of their economy and policies.

 

[Bengal71]

Loan and interest need no transparent cos China will not able to cancel it off once it's know. If China is only about making debt trap to earn more money. Why cancel the interest? A slap on China debt trap Slayer.


China loan is all about friendship and help

Only American care about money and profit

Well now cancel our interests too please

 

[Beast]

Well now cancel our interests too please

It will depend on Bangladesh performance with China. You cant expect to be very unfriendly or non supportive of China policy and expect us to give u a free loan, right?

Well I see what China do here in another light.
They have their own version of Marshal Plan of USA or COMECON plan of USSR .
In the first glance these are for helping the recovery of economy in the receiving countries but in reality in lead to control of their economy and policies.

Did US give free loan to Iran even they have very anti US policy?

You expect u can have free interest loan from China by being very unsupportive of our policy? Maybe u shall get your head check.

 

[beijingwalker]

China also wrote off a lot of loans , but how it works is case by case.

 

[Bengal71]

It will depend on Bangladesh performance with China. You cant expect to be very unfriendly or non supportive of China policy and expect us to give u a free loan, right?


Did US give free loan to Iran even they have very anti US policy?

You expect u can have free interest loan from China by being very unsupportive of our policy? Maybe u shall get your head check.

We are not unfriendly and can only support China policy as long as it doesn't harm us. In any case, we don't want an interest relief, we will payback in full.

 

[Hack-Hook]

It will depend on Bangladesh performance with China. You cant expect to be very unfriendly or non supportive of China policy and expect us to give u a free loan, right?


Did US give free loan to Iran even they have very anti US policy?

You expect u can have free interest loan from China by being very unsupportive of our policy? Maybe u shall get your head check.

We never get free loan from anybody but we provided it to many .
But you may laugh but I suggest you read more about Marshal plan and its effect .

 

[oprih]

Debt trap! - according to indian morons who dont understand the meaning of the said words.

 

[Wow]

honestly if China cures Cancer and Aids the western media and Indians will blame it for contributing for overpopulation

 

[ziaulislam]

I'd applaud if our government do the same to Pakistan and Cambodia.

Most loan is already very low interest

 

[beijingwalker]

No way ... China is giving loan against projects to be done by China ... So in short they are financing their own indutry ... this is indirect way of financing companies in China ... You will get profit through projects

I m talking about the banks which provide those loans themselves.