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Chinese commenter on how to use material conditions to change women's rights in Afghanistan (hexbear.net)
submitted 2 years ago by to c/memes@hexbear.net
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China's gonna be a phenomenal world leader.

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[–] 5 points 2 years ago (9 children)

I could imagine China using policy demands, similar to what the IMF does, still evil. That's basically what the Belt and Road initiative is.

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  • [–] 47 points 2 years ago

    OH NO THE EVIL BBELT N ROAD THEY'RE BUILDING EVIL INFRASTRUCTURE WITH EVIL LOANS

    China literally straight up forgives entire nation's debts and has done so multiple times. Weird form of debt slavery, freeing your debt slaves, and not something the IMF has ever done.

    The IMF doesn't stop until it has complete influence over monetary policy and has forced neoliberal doctrine on a country, how the fuck you could ever think that's similar to the belt and road is beyond me. Absolutely brainwashed

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  • [–] 34 points 2 years ago (4 children)

    The BRI doesn't come with policy demands to my knowledge. It's just loans for specific infrastructure projects at better rates than what the IMF/World Bank offers. The long term goal of the project benefits China because it allows them to sell goods to countries that aren't the US and its allies, but it's more of a mutualistic relationship than the typical parasitic capitalist imperialist one.

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  • [–] 0 points 2 years ago (3 children)

    Tell that to Sri Lanka

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  • [–] 29 points 2 years ago*

    I'm pretty sure you were born close to yesterday than even a year ago (Nov. 24th, 2023), considering these claims have been scrutinized to be more of a myth than reality already...

    https://geopoliticaleconomy.com/2022/07/11/debt-trap-sri-lanka-west-china/

    According to official statistics from Sri Lanka’s Department of External Resources, as of the end of April 2021, the plurality of its foreign debt is owned by Western vulture funds and banks, which have nearly half, at 47%.

    The top holders of the Sri Lankan government’s debt, in the form of international sovereign bonds (ISBs), are the following firms:

    BlackRock (US) Ashmore Group (Britain) Allianz (Germany) UBS (Switzerland) HSBC (Britain) JPMorgan Chase (US) Prudential (US)

    If you're not convinced, even this China-critical youtube channel "Polymatter" admits "The danger of criticizing China for the wrong reasons is that it reduces credibility when you need it the most."

    The Lowy Institute finds that, quote, “90% of China's bilateral loans have gone to countries that… could sustainably absorb such debt”.

    There may be things I have missed...

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