• @redjokerM
    link
    73 years ago

    Also offers low-interest loans for building the infrastructure without requiring changing the economy, government, or welfare systems like IMF and World Bank loans. Many of the loans are forgivable. In some instances non-payment of the loans could involve direct Chinese takeover of some projects, but this isn’t preferable to either side as the goal is to develop local production and employment and not just export Chinese labor