China Debt Crisis as Belt & Road Initiative Loans Default & China Faces Economic Collapse - Joe Blogs

[TexasTowelie]

2. There is a reason why Western countries did not get involved with making large infrastructure

projects in these countries. Considering the number of times that Argentina has defaulted on its debt, it makes absolutely no sense for Western economies to keep pouring good money after bad.

Obviously China will need t reevaluate the loans that were already made and the associated infrastructure projects. Some of the projects may be suitable for completion, but there are also many projects that should be discontinued.

Unfortunately, Xi is more concerned with building his power base than about meeting the needs of the people that he leads.