| ▲ | whynotmaybe 6 days ago | |
Went through the rabbit hole for this and found that China offers to convert countries' debt in USD to CNY with a very low interest. [1] Just by doing this, Kenya saved 215 millions USD... on a Chinese USD loan. [2] 1: https://www.chathamhouse.org/2026/01/chinas-12-trillion-trad... 2 : https://www.bloomberg.com/news/articles/2025-10-07/kenya-sna... | ||
| ▲ | mmooss 6 days ago | parent [-] | |
Very interesting. Of course, that puts them more under China's influence. | ||