Forwarded from 📡Guardians of Hong Kong
Republic of China Debts Recalled as US Senator Introduces Resolution Demanding China to Repay USD$1.6 Trillion Debt
US Republican Senator Martha McSally put forward a resolution on Thursday demanding China to repay its sovereign debt of more than USD$1.6 trillion (around HKD$12.5 trillion), interests included, to US bondholders.
McSally said, “China has repeatedly failed to honor its obligations to America, taking American families’ money and jobs… We are holding China accountable for its debt and for unleashing the coronavirus on the world. We demand China pay back the $1.6 trillion it owes to American families.”
The bonds were issued in 1912 by the Republic of China, which subsequently migrated to Taiwan. The People’s Republic of China established its sovereignty in 1949 and insists that Taiwan is part of China. According to international law, a successor state is responsible for the debts of its predecessor.
#PRC #MarthaMcSally #McSally #coronavirus #debt #sovereigndebt #ROC #Taiwan
Source: Apple Daily #Aug14
https://hk.appledaily.com/international/20200814/NUXWIHXV7NFZPI5J77CJ7IRGUM/
US Republican Senator Martha McSally put forward a resolution on Thursday demanding China to repay its sovereign debt of more than USD$1.6 trillion (around HKD$12.5 trillion), interests included, to US bondholders.
McSally said, “China has repeatedly failed to honor its obligations to America, taking American families’ money and jobs… We are holding China accountable for its debt and for unleashing the coronavirus on the world. We demand China pay back the $1.6 trillion it owes to American families.”
The bonds were issued in 1912 by the Republic of China, which subsequently migrated to Taiwan. The People’s Republic of China established its sovereignty in 1949 and insists that Taiwan is part of China. According to international law, a successor state is responsible for the debts of its predecessor.
#PRC #MarthaMcSally #McSally #coronavirus #debt #sovereigndebt #ROC #Taiwan
Source: Apple Daily #Aug14
https://hk.appledaily.com/international/20200814/NUXWIHXV7NFZPI5J77CJ7IRGUM/
Forwarded from 📡Guardians of Hong Kong
China's debt-trap diplomacy
American statesman John Adams, who served as president from 1797 to 1801, famously said, “There are two ways to conquer and enslave a country: One is by the sword; the other is by debt.” China, choosing the second path, has embraced colonial-era practices and rapidly emerged as the world’s biggest official creditor.
With its international loans surpassing more than 5 percent of the global GDP, China has now eclipsed traditional lenders, including the World Bank, the International Monetary Fund and all the creditor nations of the Organization for Economic Cooperation and Development (OECD) put together. By extending huge loans with strings attached to financially vulnerable states, it has not only boosted its leverage over them but also ensnared some in sovereignty-eroding debt traps.
Source: The Hill #May03
https://thehill.com/opinion/international/551337-chinas-debt-trap-diplomacy
#China #Debt #Trap
American statesman John Adams, who served as president from 1797 to 1801, famously said, “There are two ways to conquer and enslave a country: One is by the sword; the other is by debt.” China, choosing the second path, has embraced colonial-era practices and rapidly emerged as the world’s biggest official creditor.
With its international loans surpassing more than 5 percent of the global GDP, China has now eclipsed traditional lenders, including the World Bank, the International Monetary Fund and all the creditor nations of the Organization for Economic Cooperation and Development (OECD) put together. By extending huge loans with strings attached to financially vulnerable states, it has not only boosted its leverage over them but also ensnared some in sovereignty-eroding debt traps.
Source: The Hill #May03
https://thehill.com/opinion/international/551337-chinas-debt-trap-diplomacy
#China #Debt #Trap
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“#China could avoid this crisis for a little longer if they get more and more foreign money. But really, once that foreign money stops, once the music stops, then it's going to be very difficult for them to manage this because you know, they're going to have this huge #debt crisis.” --#GordonChang
🔥 WATCH THE FULL EPISODE 👉 https://youtu.be/bG1CNdm609A
🔥 WATCH THE FULL EPISODE 👉 https://youtu.be/bG1CNdm609A
Forwarded from China in Focus - NTD
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One of China's largest property-developing companies is deep in #debt. What it owes amounts to more than the GDP of Finland, at some $300 billion. If the company goes #bankrupt, it would send shock waves through China's economy.
🔶 Watch the full episode👉https://youtu.be/95tpv_3uHtg
🔶 Watch the full episode👉https://youtu.be/95tpv_3uHtg
Forwarded from China in Focus - NTD
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One of China's largest property-developing companies is deep in #debt. What it owes amounts to more than the GDP of Finland, at some $300 billion. If the company goes #bankrupt, it would send shock waves through China's economy.
🔶 Watch the full episode👉https://youtu.be/95tpv_3uHtg
🔶 Watch the full episode👉https://youtu.be/95tpv_3uHtg
Forwarded from 📡Guardians of Hong Kong
#Evergrande and other Chinese property giants have sizeable off-balance sheet debt: #JPMorgan
//Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
"Instead of true deleveraging, we think Evergrande has shifted some of the interest-bearing debt to off-balance sheet debt," JPMorgan's analysts said. "Commercial papers, wealth management products and perpetual capital securities, etc, which are not officially counted as debt."
They estimated Evergrande's "net gearing," as debt as a ratio of a firm's equity is known, was at least 177% at the end of the first half of the year, instead of the 100% its accounts reported.
"It is possible that the real gearing could be even higher, as data on some off-balance sheet debt is not publicly available," JPMorgan added, saying the "disguised" debt as it called it added up to 55% of Evergrande's overall debt.
Other major firms whose gearing levels were likely to be higher than formally reported included R&F Properties (2777.HK) at 139% versus the 123%, #SunacChina Holdings (1918.HK) at 138% versus 87% reported and #CountryGarden (2007.HK) at 76% versus 50% reported.//
Source: Reuters #Oct7
https://www.reuters.com/business/finance/evergrande-other-chinese-property-giants-have-sizeable-off-balance-sheet-debt-2021-10-07/
#PropertyAnalysis #Economy #Finance #CCPRules #Debt #ChinaMarket #Bubble
//Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
"Instead of true deleveraging, we think Evergrande has shifted some of the interest-bearing debt to off-balance sheet debt," JPMorgan's analysts said. "Commercial papers, wealth management products and perpetual capital securities, etc, which are not officially counted as debt."
They estimated Evergrande's "net gearing," as debt as a ratio of a firm's equity is known, was at least 177% at the end of the first half of the year, instead of the 100% its accounts reported.
"It is possible that the real gearing could be even higher, as data on some off-balance sheet debt is not publicly available," JPMorgan added, saying the "disguised" debt as it called it added up to 55% of Evergrande's overall debt.
Other major firms whose gearing levels were likely to be higher than formally reported included R&F Properties (2777.HK) at 139% versus the 123%, #SunacChina Holdings (1918.HK) at 138% versus 87% reported and #CountryGarden (2007.HK) at 76% versus 50% reported.//
Source: Reuters #Oct7
https://www.reuters.com/business/finance/evergrande-other-chinese-property-giants-have-sizeable-off-balance-sheet-debt-2021-10-07/
#PropertyAnalysis #Economy #Finance #CCPRules #Debt #ChinaMarket #Bubble
Reuters
Evergrande and other Chinese property giants have sizeable off-balance sheet debt - JPMorgan
Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
Forwarded from 📡Guardians of Hong Kong
China owed $385bn – including ‘hidden debt’ from poorer nations, says report
Researchers have identified debts of at least $385bn (£286bn) owed by 165 countries to China for “Belt and road initiative” (BRI) projects, with loans systematically underreported to international bodies such as the World Bank.
The four-year study by US-based research lab AidData said the debt burdens were kept off the public balance sheets through the use of special purpose and semi-private loans, and were “substantially larger than research institutions, credit rating agencies, or intergovernmental organisations with surveillance responsibilities previously understood”.
It found 42 low-to-middle income countries (LMICs) had debt exposure to China exceeding 10% of their GDP, including Laos, Papua New Guinea, the Maldives, Brunei, Cambodia and Myanmar.
Source: the Guardian #Sep30
https://t.co/dcJYteM0Ng
#China #Debt #BRI #LMICs
Researchers have identified debts of at least $385bn (£286bn) owed by 165 countries to China for “Belt and road initiative” (BRI) projects, with loans systematically underreported to international bodies such as the World Bank.
The four-year study by US-based research lab AidData said the debt burdens were kept off the public balance sheets through the use of special purpose and semi-private loans, and were “substantially larger than research institutions, credit rating agencies, or intergovernmental organisations with surveillance responsibilities previously understood”.
It found 42 low-to-middle income countries (LMICs) had debt exposure to China exceeding 10% of their GDP, including Laos, Papua New Guinea, the Maldives, Brunei, Cambodia and Myanmar.
Source: the Guardian #Sep30
https://t.co/dcJYteM0Ng
#China #Debt #BRI #LMICs
Forwarded from 國際文宣組 IFC
Is China taking one of Sri Lanka's ports or something again for the debt? Stay tuned!
PS: I mean… CC-eh hem… someone started corona… surely there’s some leeway?
#fuckccp #ccp #boycottchina #china #srilanka #debt #whiteelephant
PS: I mean… CC-eh hem… someone started corona… surely there’s some leeway?
#fuckccp #ccp #boycottchina #china #srilanka #debt #whiteelephant
Forwarded from Health Ranger
New podcast (10 min) WAR IS NEXT: We've reached the end of the global #debt era
- #China recognizes that the US debt-based consumption economy is collapsing.
- That's why China is moving from export production posture to wartime industrial output.
- All debt-based currencies will collapse, the global reset is imminent.
https://www.brighteon.com/c59b3cb6-5c82-479d-8f33-a9d435657ac5
- #China recognizes that the US debt-based consumption economy is collapsing.
- That's why China is moving from export production posture to wartime industrial output.
- All debt-based currencies will collapse, the global reset is imminent.
https://www.brighteon.com/c59b3cb6-5c82-479d-8f33-a9d435657ac5
Brighteon
WAR IS NEXT: We've reached the end of the global debt era
For more updates, visit: http://www.brighteon.com/channel/hrreport
NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies…
NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies…
Forwarded from 📡Guardians of Hong Kong
The Countries Most In Debt To China
//Countries heavily in debt to China are mostly located in Africa, but can also be found in Central Asia, Southeast Asia and the Pacific, data from The World Bank shows. China is currently the preferred lender to the world’s low-income countries, which owe 37% of their debt to China in 2022, compared to just 24% in bilateral debt to the rest of the world...
The Chinese "New Silk Road" project, a program to finance the construction of port, rail and land infrastructure across the globe, has been a major source of debt to China for participating countries. At the end of 2020, of the 97 countries for which data was available, those with the highest external debt to China were all involved in the project, namely Pakistan ($77.3 billion of external debt to China), Angola (36.3 billion), Ethiopia (7.9 billion), Kenya (7.4 billion) and Sri Lanka (6.8 billion)...
The idea that China could gain significant leverage over countries and their infrastructure in the case of repayment issues has been cited often, like in the case of a troubled Sri Lankan port that was built with Chinese funds and that China ultimately took a 70% stake in. The Laotian railway that has been burdening the country with debt is also 70% Chinese-owned.//
Read more:
https://www.forbes.com/sites/katharinabuchholz/2022/08/19/the-countries-most-in-debt-to-china-infographic/
Source: Forbes #Aug19
#Debt #RiseofChina #WorldEconomy #InternationalRelations
//Countries heavily in debt to China are mostly located in Africa, but can also be found in Central Asia, Southeast Asia and the Pacific, data from The World Bank shows. China is currently the preferred lender to the world’s low-income countries, which owe 37% of their debt to China in 2022, compared to just 24% in bilateral debt to the rest of the world...
The Chinese "New Silk Road" project, a program to finance the construction of port, rail and land infrastructure across the globe, has been a major source of debt to China for participating countries. At the end of 2020, of the 97 countries for which data was available, those with the highest external debt to China were all involved in the project, namely Pakistan ($77.3 billion of external debt to China), Angola (36.3 billion), Ethiopia (7.9 billion), Kenya (7.4 billion) and Sri Lanka (6.8 billion)...
The idea that China could gain significant leverage over countries and their infrastructure in the case of repayment issues has been cited often, like in the case of a troubled Sri Lankan port that was built with Chinese funds and that China ultimately took a 70% stake in. The Laotian railway that has been burdening the country with debt is also 70% Chinese-owned.//
Read more:
https://www.forbes.com/sites/katharinabuchholz/2022/08/19/the-countries-most-in-debt-to-china-infographic/
Source: Forbes #Aug19
#Debt #RiseofChina #WorldEconomy #InternationalRelations
Forbes
The Countries Most In Debt To China [Infographic]
Chinese loans to developing nations—affecting many in Africa, Asia and the Pacific—have high interest rates and short repayment windows. These "commercial-style" loans are harder to repay and less transparent than other bilateral loans, while questions of…
Forwarded from 📡Guardians of Hong Kong aka BeWater HK
The Countries Most In Debt To China
//Countries heavily in debt to China are mostly located in Africa, but can also be found in Central Asia, Southeast Asia and the Pacific, data from The World Bank shows. China is currently the preferred lender to the world’s low-income countries, which owe 37% of their debt to China in 2022, compared to just 24% in bilateral debt to the rest of the world...
The Chinese "New Silk Road" project, a program to finance the construction of port, rail and land infrastructure across the globe, has been a major source of debt to China for participating countries. At the end of 2020, of the 97 countries for which data was available, those with the highest external debt to China were all involved in the project, namely Pakistan ($77.3 billion of external debt to China), Angola (36.3 billion), Ethiopia (7.9 billion), Kenya (7.4 billion) and Sri Lanka (6.8 billion)...
The idea that China could gain significant leverage over countries and their infrastructure in the case of repayment issues has been cited often, like in the case of a troubled Sri Lankan port that was built with Chinese funds and that China ultimately took a 70% stake in. The Laotian railway that has been burdening the country with debt is also 70% Chinese-owned.//
Read more:
https://www.forbes.com/sites/katharinabuchholz/2022/08/19/the-countries-most-in-debt-to-china-infographic/
Source: Forbes #Aug19
#Debt #RiseofChina #WorldEconomy #InternationalRelations
//Countries heavily in debt to China are mostly located in Africa, but can also be found in Central Asia, Southeast Asia and the Pacific, data from The World Bank shows. China is currently the preferred lender to the world’s low-income countries, which owe 37% of their debt to China in 2022, compared to just 24% in bilateral debt to the rest of the world...
The Chinese "New Silk Road" project, a program to finance the construction of port, rail and land infrastructure across the globe, has been a major source of debt to China for participating countries. At the end of 2020, of the 97 countries for which data was available, those with the highest external debt to China were all involved in the project, namely Pakistan ($77.3 billion of external debt to China), Angola (36.3 billion), Ethiopia (7.9 billion), Kenya (7.4 billion) and Sri Lanka (6.8 billion)...
The idea that China could gain significant leverage over countries and their infrastructure in the case of repayment issues has been cited often, like in the case of a troubled Sri Lankan port that was built with Chinese funds and that China ultimately took a 70% stake in. The Laotian railway that has been burdening the country with debt is also 70% Chinese-owned.//
Read more:
https://www.forbes.com/sites/katharinabuchholz/2022/08/19/the-countries-most-in-debt-to-china-infographic/
Source: Forbes #Aug19
#Debt #RiseofChina #WorldEconomy #InternationalRelations
Forbes
The Countries Most In Debt To China [Infographic]
Chinese loans to developing nations—affecting many in Africa, Asia and the Pacific—have high interest rates and short repayment windows. These "commercial-style" loans are harder to repay and less transparent than other bilateral loans, while questions of…
Forwarded from China in Focus - NTD
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A top adviser to the U.S. Treasury secretary is criticizing #Beijing for being slow on reconstructing its #Debt.
⭕️ Watch the full episode 👉 https://ept.ms/StarvedtoDeath
⭕️Save up to 50% 👉https://ept.ms/3bFhoZB
⭕️ Watch the full episode 👉 https://ept.ms/StarvedtoDeath
⭕️Save up to 50% 👉https://ept.ms/3bFhoZB
Forwarded from China in Focus - NTD
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A top adviser to the U.S. Treasury secretary is criticizing #Beijing for being slow on reconstructing its #Debt.
⭕️ Watch the full episode 👉 https://ept.ms/StarvedtoDeath
⭕️Save up to 50% 👉https://ept.ms/3bFhoZB
⭕️ Watch the full episode 👉 https://ept.ms/StarvedtoDeath
⭕️Save up to 50% 👉https://ept.ms/3bFhoZB
Forwarded from 📡Guardians of Hong Kong
Shanakiyan Rajaputhiran Rasamanickam: ‘China Go Home’ campaign to be launched in Sri Lanka if China doesn't support debt restructuring program
New Delhi: Tamil National Alliance Parliamentarian Shanakiyan Rajaputhiran Rasamanickam says that if China fails to support Sri Lanka's Debt Restructuring program, a China Go Home campaign will be launched in the country.
MP Shanakiyan Rajaputhiran Rasamanickam told the Parliament that China being a trillion-dollar economy, should either slash Sri Lanka's debt or support the debt restructuring process if it is actually a friend of the island nation. He said that all the MPs must work in unison towards the betterment of the 22 Million Sri Lankans.
Source：Times Now Digital #Dec02
https://www.msn.com/en-in/news/world/shanakiyan-rajaputhiran-rasamanickam-china-go-home-campaign-to-be-launched-in-sri-lanka-if-china-doesn-t-support-debt-restructuring-program/ar-AA14PiFV
#China #SriLanka #Debt
New Delhi: Tamil National Alliance Parliamentarian Shanakiyan Rajaputhiran Rasamanickam says that if China fails to support Sri Lanka's Debt Restructuring program, a China Go Home campaign will be launched in the country.
MP Shanakiyan Rajaputhiran Rasamanickam told the Parliament that China being a trillion-dollar economy, should either slash Sri Lanka's debt or support the debt restructuring process if it is actually a friend of the island nation. He said that all the MPs must work in unison towards the betterment of the 22 Million Sri Lankans.
Source：Times Now Digital #Dec02
https://www.msn.com/en-in/news/world/shanakiyan-rajaputhiran-rasamanickam-china-go-home-campaign-to-be-launched-in-sri-lanka-if-china-doesn-t-support-debt-restructuring-program/ar-AA14PiFV
#China #SriLanka #Debt
Forwarded from China in Focus - NTD
#Evergrande carries a total of more than $300 billion in #Debt, and defaulted in late 2021. Since then, China's biggest developer turned into the world's most indebted developer and has struggled to stay afloat the last two years.
https://ept.ms/USFirmRaided
https://ept.ms/USFirmRaided
www.theepochtimes.com
US Due Diligence Firm Raided in Beijing
A top U.S. investigation firm has been raided in China. Due diligence company Mintz Group found itself raided ...
Forwarded from China in Focus - NTD
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#Guizhou, a province in China, is desperately seeking help from #Beijing to pay off its #Debt, as it was unable to do so on its own. This comes as the province left a total of $180 billion unpaid in 2022, more than 60 percent of its GDP that year.
https://ept.ms/275Subvariantsin7Days_CIF
https://ept.ms/275Subvariantsin7Days_CIF