They knew the terms of the loans; everybody does; they took them. Now they can't pay them back they think China should make allowances for them. No, they have to learn to live in the real world and pay their debts.
Africa must learn that too. Much debt forgiveness for hipc countries in recent years was given in recent years but it won't happen again. Look at Zambia, forgiven billions, now back in the same position, but it is to China they must go. They won't be so forgiving. A hard lesson to learn.
They knew the terms of the loans; everybody does; they took them. Now they can't pay them back they think China should make allowances for them. No, they have to learn to live in the real world and pay their debts.
Africa must learn that too. Much debt forgiveness for hipc countries in recent years was given in recent years but it won't happen again. Look at Zambia, forgiven billions, now back in the same position, but it is to China they must go. They won't be so forgiving. A hard lesson to learn.