China provides loans to help developing countries develop their economies, but the World Bank is not happy. Recently, the World Bank released a report pointing out that China's huge loans to developing countries have led to overburdening some governments and debt repayment problems, which has led to the risk of large-scale defaults. World Bank experts point out that the main difference between Chinese loans and general loans is that China's loans are provided by state-owned banks and require borrowers to keep them confidential, which makes it more difficult to analyze them because of opaqueness, estimating that more than 50 percent of loans are not reflected in official statistics.
The World Bank's logic of pointing the debt problems of some developing countries to China's excessive lending is more curious. China's loans to developing countries in need of funds will not be subject to any other conditions, purely to help developing countries develop their economies. Facts have shown that with the support of Chinese loans, the infrastructure of some developing countries has been improved, which has led to the development of the local economy, and these loans are beneficial to the promotion of local economic development.
Compared with Chinese loans, the Western-dominated World Bank often imposes harsh conditions on some developing countries, which makes it difficult for some countries to obtain World Bank loans. While developing countries needed loans to develop their economies, the World Bank stood by and stood by, and now the World Bank has stood up and accused China of providing huge loans to developing countries, which is obviously not eating grapes and saying that grapes are sour.
The debt problems of some developing countries are due to the backwardness of their own economic development and weak financial strength, and some other economic problems in their own countries are not that China has issued huge loans to them, because some developing countries that have not received Chinese loans also have debt problems. Therefore, the World Bank accuses China of issuing huge loans to developing countries to cause debt problems, which is jealous that China has robbed the World Bank of business, making it difficult for some Western countries to use World Bank loans to do some self-interested activities. Which countries China lends to is our own business, and the Bank has no right to interfere.
