Paul Denlingerunderstanding of the situation.
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Have lived in China, Taiwan and Hong Kong; fluent in Mandarin (written, spoken)Jan 18
What if Africans refuse to pay loans granted to them by China?
Loans between governments don’t work that way because they are handled by the central banks of the two nations through their respective governments.
If an African government has trouble making payments on its loans it is going to notify the Chinese government and bank of its predicament, and will ask to start discussions about how to handle the situation?
The two sides will start with a meeting to understand the situation, and then the African government and bank will make a proposal, which the Chinese side will study and digest. Then the Chinese side is likely to make a counter-proposal based on their
There will likely be significant back and forth before they reach a final agreement, and they will shake hands and follow the new agreement.
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