If the U.S. (and other Western countries) did that, it constituted a nightmare scenario for China and other autocracies.
thelucky8
No, they didn't 'agree' on more investment and cooperation, Sri Lanka rather hadn't any choice as to accept deals whose "specifics [...] were not disclosed at the signing ceremony."
The debt-trap diplomacy seems to work once again.
When Sri Lankan President Anura Kumara Dissanayake meets his host, Chinese President Xi Jinping, at the Great Hall of the People in Beijing [...], he may be captivated by the charm of Chinese hospitality. Yet, behind the warm smiles and firm handshakes, he is likely to remain mindful of the immense challenges his country has endured. Beneath the surface of cordiality lies a complex equation that Sri Lanka might find daunting to confront [...]
The Hambantota Port deal is the most well-known example, where Sri Lanka leased this strategically vital facility to a Chinese company for 99 years. This agreement highlights the risks tied to such investments. [...]
China’s involvement in Sri Lanka’s economy began with grand promises of boosting infrastructure. Projects like the Hambantota Port, Colombo Port City and Mattala Rajapaksa International Airport were introduced as transformative initiatives. However, these projects, funded mostly through high-interest loans, soon exposed their hidden challenges [...]
Similarly, the Mattala Rajapaksa International Airport [in Sri Lanka], often called the “world’s emptiest airport”, shows the risks of investing in projects with little economic viability. These initiatives have added to Sri Lanka’s debt, with China holding around 10-15 per cent of the country’s external debt. These investments serve China’s strategic interests more rather than meeting Sri Lanka’s developmental needs [...]
The government struggled to access foreign currency reserves to pay off debts and import necessary items leaving the economy in ruins. China’s reluctance to restructure its loans during this time revealed the dangers of relying on unclear financial agreements.
For ordinary people in Sri Lanka, this meant soaring prices, a lack of fuel and medicine and growing frustration across the country. [...]
[Edit typo.]
I agree, and I also thought to post it in 'News,', but the commodities are needed for things like semiconductors, solar PVs, LED lights, circuitry, ... I am unsure. But I would be interested to know what others and the admins and mods say. Please let me know what you think about it and I post such things elsewhere.
@spit_evil_olive_tips@beehaw.org
the average American worker has more in common with the average Chinese worker than they do with an American oligarch
The average American worker has also more in common with the average Chinese worker than they do with an ~~American oligarch~~ Chinese oligarch and Chinese dictator. So your argument is not very valid.
all of the American propaganda about how Chinese people are inherently untrustworthy and nefarious is gonna fall apart as people interact with actual Chinese people and realize "oh they're pretty much just like me, other than the language barrier".
No one says that Chinese people are worse or better than Americans or any other people on this planet. We're all the same. The problem here is the dictatorship in China that collects data of Americans and other people around the globe as others in this thread already have said. The Chinese people are fine, the Chinese government is not.
Reporter removed after interrupting Blinken's last speech
(video, 1 min)
The BBC was inside Secretary Antony Blinken's last briefing when he was interrupted. The reporter was physically taken out by security and has been identified as Sam Husseini.
I have always been very critical of this kind of investors. Of course, there's nothing wrong with investigative research, but not if you're going short in the same stocks you're investigating imo.
The most important thing in Duolingo's chart on social media is the fact that they didn't show the unit. How much are these 216% in absolute numbers? (If there are 100 learners, you can easily increase that by 200%, but the total number remains still meaningless.)
With better numbers, this article is useless, except maybe for Chinese propaganda.
I am not a mod, but I guess this happens sometimes. No stress I would say.
There is a lot wrong with the IMF/Word Bank system, but China is much worse than that. Comparing IMF with the Chinese system makes no sense.
How much of this growth is organic?
Addition: TikTok users’ attempted migration to Chinese app RedNote isn’t going too well
TLDR: Many got banned as they appear to have violated the platform's rules (because they can't read the terms).
People are using a CCP mouthpiece that is openly using a name referring to Mao Zedong's "little red book", and that is supposedly even worse than Tiktok. The only thing that is more worrying is the media believing such a hype. This is completely artificial imo.
Yes, that's right. The ~9% is the core inflation. Food prices, for example, are even in the 30% range.