{"id":171646,"date":"2023-04-02T14:16:59","date_gmt":"2023-04-02T18:16:59","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=171646"},"modified":"2023-04-02T14:17:34","modified_gmt":"2023-04-02T18:17:34","slug":"how-china-is-buying-the-world","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/how-china-is-buying-the-world\/","title":{"rendered":"How China is buying the world"},"content":{"rendered":"
\"\"<\/a><\/div>
\"\"<\/a><\/div>

NY POST:Last week, Ranil Wickremesinghe<\/a>, who became president of the island nation of Sri Lanka last summer, was finally able to succeed where his beleaguered predecessor had failed: An agreement with the International Monetary Fund (IMF) to reschedule $3 billion in debt.<\/p>

\"\"<\/a><\/div>\n

The deal will provide Sri Lanka with an\u00a0additional four years to satisfy<\/a>\u00a0its IMF obligations, which are crippling the nation with inflation.<\/p>\n

It\u2019s a good start, but the MIF deal does nothing to mitigate the country\u2019s real debt burden, the nearly $7.5 billion it owes to China.<\/p>

\"\"<\/a><\/div>
\"\"<\/a><\/div>\n

You\u2019ve heard of\u00a0\u201cfailed states\u201d like Somalia<\/a>, where the central government has basically ceased to exist.\u00a0 And then there are \u201cnarco states\u201d where the trafficking of drugs \u2014 and often people \u2014\u00a0is the chief function of the criminal gangs that run the country.<\/a><\/p>

\"\"<\/a><\/div>\n

But have you heard of Sino states?<\/p>\n