The article is specifically about poor nations.
Comment on Developing nations face 'tidal wave' of China debt: report
RecallMadness@lemmy.nz 1 week ago
US$22bn? Is that all? That’s like 2.5% of the 2023 US military expenditure.
That doesn’t seem like much?
JackbyDev@programming.dev 1 week ago
RecallMadness@lemmy.nz 1 week ago
Yes, but in the terms of China leveraging the debt, it seems somewhat insignificant.
Small enough that the US could just spend 3% less on its defence budget to prevent China from gaining a deeper foothold.
Letstakealook@lemm.ee 1 week ago
The US is also $35 trillion in debt and climbing.