Asklemmy

44149 readers

1020 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

If the US stayed out of other countries politics and there were no coups or installation of people favorable to the US what would the world look like? (lemmy.world)

submitted 3 months ago by Don_Dickle@lemmy.world to c/asklemmy@lemmy.ml

73 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] HobbitFoot@thelemmy.club 10 points 3 months ago (1 children)

China's foreign policy model seems focused on making deals with the existing power no matter what. Part of that seems to be that China does not believe in odious debt like a lot of Western countries do. When settling debts, Chinese institutions have been far more insistent on keeping write-offs from occuring.

China has also generally pushed for more one on one transactional deals with countries. There have been some international institutions made like the AIIB, but I don't see the institutional creation of systems like the USA tried to do.

[–] LibertyLizard@slrpnk.net 4 points 3 months ago (1 children)

What do you mean by keeping write-offs from occurring?

[–] HobbitFoot@thelemmy.club 4 points 3 months ago (1 children)

A lot of times, the IMF will lead all creditors of a country to restructure, reduce, or reschedule existing debt. What is happening is that Chinese institutions appears to be less willing to write down bad debt, holding up a lot of negotiations between debt holders. So, the debt doesn't get reduced.

[–] LibertyLizard@slrpnk.net 1 points 3 months ago

Is this a bad thing somehow? I would think reducing debts is generally beneficial, especially in times of economic crisis.