• salton@lemmy.world
    link
    fedilink
    English
    arrow-up
    12
    arrow-down
    3
    ·
    1 year ago

    Afghanistan has been known as a country with a lot of untapped mineral resources. Basically everywhere that China has invested is unstable enough where they’re very unlikely to replay much of their debt with China or pay back anything. A lot of money was spent in Russia in its energy sector and from news coming out that area of their economy isn’t flourishing.

    • scarabic@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      Yeah I’ve learned a little about China making loans they know will default, which then give them ownership of ports or whatever as a remedy. I think they might be a little over optimistic that these contracts will ever mean anything though. Especially in a place like Afghanistan.