"That financing wouldn’t come cheap, according to Evan Ellis, a senior associate at the Washington DC based Centre for Strategic & International Studies. “China acts as a payday lender, they make good money off of these deals,” he said. “But they often find a way to tie the loans to long-term commercial and strategic benefits opening the way for Chinese companies.”"
China is the largest government creditor to emerging economies and it's been widely reported on and dissected. I don't need a senior associate at a think tank to tell me there are strings attached. Whataboutism doesn't make this any less concerning.
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"That financing wouldn’t come cheap, according to Evan Ellis, a senior associate at the Washington DC based Centre for Strategic & International Studies. “China acts as a payday lender, they make good money off of these deals,” he said. “But they often find a way to tie the loans to long-term commercial and strategic benefits opening the way for Chinese companies.”"
Sounds ... predatory.
China is the largest government creditor to emerging economies and it's been widely reported on and dissected. I don't need a senior associate at a think tank to tell me there are strings attached. Whataboutism doesn't make this any less concerning.