China Belt & Road Debt Disaster as Majority of Loans Default and Projects Face Failure & Collapse - JB

[TexasTowelie]

2023 is the 10 Year Anniversary of the Belt & Road Initiative & President Putin of Russia attended the Forum to celebrate in China. The BELT & ROAD INITIATIVE was originally billed as being designed to provide new Land & Sea Connections from China to the Rest of the World. However this Initiative developed into helping EMERGING & DEVELOPING COUNTRIES to improve ROAD, RAIL, AIR & SEA Infrastructure and to Build POWER PLANTS. China has advanced $1.3 TRILLION in Loans to HIGH RISK Countries and the majority of those loan are now in DEFAULT. In this video I provide details of the investments made by China, the outstanding loans by SECTOR & COUNTRY and the amount of debt now in DEFAULT.

Chapters:
0:00 Intro
3:39 BELT & ROAD INITIATIVE
4:23 SECTOR EXPOSURE
6:59 COUNTRY EXPOSURE
11:04 CREDIT RISK
13:51 DISTRESSED LOANS
16:25 DEBT RESTRUCTURING
18:00 CASHFLOW
20:20 RUSSIA
23:00 SUMMARY & CONCLUSION

[Irish_Dem]

1. Xi thought he was so smart to hook countries in with huge debt traps.

But he failed and now he has $ billions of debt on his books.