Exim Bank of China is about to seize Uganda’s only international airport and some other of its assets, for non-repayment of a $207m loan.

[SuvarnaTeja]

You mean loans. US gives billions in aid money compared to you, China is one of the least charitable nations in the world.

China does not get involved in the internal affairs of other nations like US and the West. China provides fair and unconditional loans. It is extremely unfair to blame China.

 

[Wood]

lol idiots, didn't read the documents before signing.

On the contrary, it is likely that they were fully cognizant of the collateral requirements. It is just an irresponsible bet that went awry.

 

[SuvarnaTeja]

An Indian accuses the Chinese of corruption?

China is not corrupt. The corruption exists in other nations taking the loans from China and Chinese cannot and should not be held accountable or blamed for the failures of the countries taking these loans and not utilizing them properly. It is like you take a loan from a Bank and lose money starting a bad business and turn back and blame the bank for the loss in Business. This is Idiotic, untruthful and unethical.

On the contrary, it is likely that they were fully cognizant of the collateral requirements. It is just an irresponsible bet that went awry.

It is not irresponsible bet rather a way to make money though corruption. Blaming Chinese is the last things they should be doing.

 

[StraightEdge]

if the interest rate is so small, why isnt Uganda able to pay it??

Ask Uganda, it's not like we know why they can't pay.

 

[SuvarnaTeja]

But why they all go to China for borrowing, not India? If China's loans are that bad, it's common sense that most countries should avoid them.

China has money to lend. India does not have money to lend. India herself is borrowing money so forget about India lending big amounts to the others.

 

[northeast]

if the interest rate is so small, why isnt Uganda able to pay it??

USA is more corrupted than china.Corruption is legal in USA,American politians call it as lobbying. Tens of billions per year big business.

 

[SuvarnaTeja]

USA is more corrupted than china.Corruption is legal in USA,americans politians call it as lobbying.tens of billions per year big business.

It is amusing to see all these loser and corrupt countries who took loans from China now acting as victims and trying to transfer the blame to China for their losses and misadventures. They deserve what they got.

 

[Wood]

It is not irresponsible bet rather a way to make money though corruption. Blaming Chinese is the last things they should be doing.

That is just a baseless claim.

 

[SuvarnaTeja]

That is just a baseless claim.

It is immaterial.

Uganda perpetrated heinous crimes on the Indian immigrants. India could not do anything but China is paying back for non payment of Interest.

Turks killed and raped Indians for centuries. India could do nothing but China put the Turks in reeducation camps and forced Turks to sell their pride to join BRI.

US/West imposed crippling sanctions and created forums like NPT to cripple India but China has forced the same US/West to remove them in the hope India will fight China.

Buddha was 9th avatar of lord Vishnu and he is making China fight for India.

This is what I call Devine Justice.

 

[Oublious]

China nows which countries can pay ther debt and not, so they give the money if they see they can seize important assets. What does a airport cost? Not 207 million dollar, next thing will be another harbor maybe so they can import cheap raw materials.

China is a curse for Africans.

 

[KampfAlwin]

Misleading, as in straight up untrue. Mods need to retitle this.

https://twitter.com/x/status/1464531307619405824

 

[Chhatrapati]

China does not get involved in the internal affairs of other nations

Say that to Nepal.

 

[MH.Yang]

Say that to Nepal.

China has not interfered in Nepal's internal affairs.

 

[beijingwalker]

Misleading, as in straight up untrue. Mods need to retitle this.

https://twitter.com/x/status/1464531307619405824

As I expected.

 

[SuvarnaTeja]

Say that to Nepal.

China's CCP was just supporting the Communist Party of Nepal.