16 Aug How China Takes Advantage of Economies Through Debts
China has been making a move towards other countries’ economies via debts. How exactly does it happen? Investments in form of debts with high-interest rates are putting third world countries at risk of losing their sovereignty. Philippine president Rodrigo Duterte has been on his quest to build infrastructure in the country in order to boost the national economy. Unfortunately, a lot of experts are warning Duterte when it comes to getting debts from China. While The Philippines is dealing with China funding their projects, it could potentially affect The Philippines negatively once it is time to pay the loan back in the coming years.