Someone watch this and lemme know how much is pure western c o p e.
I am not going to watch the video, but there is a half truth to this. Because of the slowdown of the economy, particularly in the developing world, due to COVID, they had to write off larger amounts of debt than they expected. This isn’t a problem because they wanted profits directly from it, but that the original ambition was to continue this process by taking the money from the repayments and use that to give out more loans for development. So China had to take the losses from writing off debts and that has slowed down and scaled back some of the ambitions of BRI.
