@RollandNadege
@Richeydarian
Time to celebrate. BRI projects are ‘debt traps,’ designed to favor China if PH defaults on payment.
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Dramatic reversal: Philippines announces full termination of 6
#BeltandRoad
projects in favor of Japan and Western options.
Why the Philippines is exiting the BRI, by AsiaTimes
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@WJGBalderama
@RollandNadege
@Richeydarian
Balderama kind of sounds like a business that specializes in selling toupées and various other hair pieces for men with exceptionally hairless domes.
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@WJGBalderama
@RollandNadege
@Richeydarian
Which defaulted loan would favor the borrower? Don't forget a US hedge fund made $2 billion off of Argentina's default.
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@WJGBalderama
@RollandNadege
@Richeydarian
*Could PH. lose its
#1
trade partner? Now > 1/3 of both exports & imports are w/ China/HK.
*Is a Jpn, Korean, Amcn sexpat surge to PH's
#1
tourism biz-prostitution worth PH. becoming a US WW3 battle site. In WW2 PH. had 900K civilian casualties, Pearl Harbour 47, Contiguous US 6
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@WJGBalderama
@RollandNadege
@Richeydarian
buti kung debt trap nga e. puro pledges lang. nag ccuase lang ng delays sa mga projects
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1/9 “Debt Trap Diplomacy” is a story cooked up by Indian think tank.
Professor Deborah Brautigam wrote an article and debunked the story. The article is titled “A critical look at Chinese ‘debt-trap diplomacy’: the rise of a meme”
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