This is why it's a crazy trade down: collateral
The Chinese do not loan money to help people or to earn money on the loans. They do it to acquire the collateral. That is why defaulting doesn't just hurt your credit score, it causes you to have to sell off parts of your territory outright or with 99-year leases.
And they are not just mining rocks: they are mining wives. Young women are the apex asset. These loans are the horror and taking down entire countries.
pipe
npub1qf…fj6kq
2023-11-20 13:15:33
in reply to nevent1q…x46c
Author Public Key
npub1qfkcklnmes45z75y7y8dkud5yll8vp5eq5ysk9rmgqdxeasv8unsrfj6kqPublished at
2023-11-20 13:15:33Event JSON
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