AM64
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- Feb 11, 2016
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Nicaragua, Sri Lanka, and I am sure a few others have already defaulted.
What makes the chinese so bad is they dont have to deliver on their side of it to collect. Nicaragua being a key example. They were supposed to get a canal, solar to run the country, and new infrastructure. They got like 10 miles of canal, 1 solar farm that the Chinese own and operate, and like 100 miles of road and internet along it.
Ecuador has a Chinese dam built below an active volcano. It is a hazard and doesn't produce electricity. Ecuador can't pay for the faulty and unsafe work, so China now owns them. The chances are there are some very wealthy Ecuadorian politicians, though.