How China lends: A rare look into 100 debt contracts with foreign governments
China uses lending to provide work for their massive construction and production industries. Because the world does not need what China offers naturally. They use the lending to prevent their growth figures from crashing. Which fuels a bubble of course. Needless to say that China needs to put strong clauses into those contracts giving them quasi-sovereign rights in the recipient countries if they default. Which they will often. But what will they do if such a receiving country asks the US to open a base on their territory for free? Just an idea.
