Tag: quasi collateral
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How China Really Secures Its Loans to Developing Countries
The "debt trap" meme claims that China is intentionally lending vast sums of money to poor developing countries in Africa, and elsewhere, with the express intent to seize physical assets in those countries when they inevitably can't repay their debts.
Workers stitch apparels at a garment factory in Vietnam's Thai Nguyen Province on July 2, 2025. (Photo by Nhac NGUYEN / AFP)
By Le Hong Hiep On 2 July 2025, U.S. President Donald Trump announced a new U.S.–Vietnam trade deal, declaring that “Vietnam will pay the United States a 20% tariff on any and all goods sent into our territory, and a 40% tariff on ...
