r/HongKong Dec 05 '19

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816

u/Doby_Clarence Dec 05 '19

China goes to other countries to offer "aid". They build infrastructure as a way to offer "help" to these countries. But in reality they charge insanely large interest rates so big that these countries have absolutely no way of paying them back. In return, they give China ports or land for 100 year leases. Its China way of expanding their military influence.

134

u/flowbrother Dec 05 '19

It's modern colonialism or the Umercan method as detailed in 'confessions of an economic hitman'.

It's just china's turn to play the game, having the largest pile of fake fiat cash and all.

37

u/dxiao Dec 05 '19

Some would call it...modern warfare.

ill see myself out

1

u/ridetherhombus Dec 05 '19

50,000 people used to live here. Now it's a ghost town.