Long Live the One Belt One Road initiatives & Cooperation. May all participating countries and her people live in prosperity for a long long time. ❤❤❤❤❤❤❤❤❤❤❤ PS Any country can withdraw as this is an optional membership. There is no 打击 for China. After all, this is to mutually benefits different countries. China is not like the USA!
@@Happy31415 As of May 22, 2023, China's latest debt ratio to Sri Lanka is 7.2%. China has agreed to suspend the repayment of debts due in 2022 and 2023, and has issued financing support documents to Sri Lanka. IMF data shows that by the end of 2020, Sri Lanka owed US $2.83 billion to the Export-Import Bank of China, accounting for nearly 3.5% of its foreign debt. The Export-Import Bank of China agreed to reduce its interest rate by 50 percent, and the current annual interest rate is only 1.7 percent Financial institutions and international organizations from Western countries such as Europe, America, and Japan account for 90% of Sri Lanka's external debt. Isn't it these countries that profit? Please analyze the problem from the profit side. And these European and American organizations have annualized interest rates of 5-9%. You are the real Debt trap!!! No!!! Your interest rates are simply robbery, and international financial lending generally does not exceed 5%
@@Happy31415 Please do not use a small portion of China's loans to Sri Lanka to cover up the control of financial institutions in European and American countries over Sri Lankan finance. China has asked Sri Lanka to temporarily suspend repayment and reduce interest rates. What have you done? Nothing. The IMF prioritizes repaying your loans with high interest rates. Then Sri Lanka continued to repay the IMF's money, with interest rates as high as 6.3%. Better than Ukraine, the IMF lends Ukraine annual interest rates of up to 7.5-8%. Recognize the truth and understand real data. Your 10% is still in 2018.
