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Sep 18, 2022
Chinese “Emergency Loans” Are Creating a Debt Crisis
Chinese emergency loans might seem like a good alternative to the IMF for certain countries—they don't come with strings attached to clean up corruption, improve human rights, or change a country's financial system. But what a lot of countries that have taken Chinese loans have found is that they do come with other strings attached, and it's causing a debt crisis. In this episode of China Uncensored, we talk about what those strings are, what's happened to countries that take Chinese loans and how China is targeting the world's poorest countries.
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