BBC's latest anti-China rant was so over the top that it fulfills every aspect of criminal reporting - to an audience that is forced to pay for it!
BBC tried to angle it that
China's 10% in Sri Lanka is 'almost on commercial terms' compared to
Japam's 10% of speculative lending. However, BBC can not be unaware of
the fact that China has worked for the money it lended to Sri Lanka.
Building high quality infrastructure etc. - which Japan couldn't
possibly do to the same low cost - which are there even when a default
is at stake. In this resoect China is by far the most honest of
countries involved.
In 2021 81% of Sri Lanka’s foreign debt was
owned by U.S. and European financial institutions, as well as Western
allies Japan and India, while 10% is owed to Beijing.
According to
official statistics from Sri Lanka’s Department of External Resources,
as of the end of April 2021, 47% of its foreign debt is owned by Western
funds and banks.
The top holders of the Sri Lankan government’s debt, in the form of international sovereign bonds (ISBs):
BlackRock (US)
Ashmore Group (UK)
Allianz (Germany)
UBS (Switzerland)
HSBC (UK)
JPMorgan Chase (U.S.)
Prudential (US)
The
Asian Development Bank and World Bank, which are dominated by the US,
own 13% and 9% of Sri Lanka’s foreign debt, respectively.
The World Bank is completely in the hands of the US which is also the only shareholder group with veto power.
Even
the Asian Development Bank (ADB) is largely a vehicle of US influence.
The DC-based think tank the Center for Strategic and International
Studies (CSIS), which is funded by Western governments, described the it
as a “strategic asset for the US,” and a crucial challenger to the
Chinese-led Asian Infrastructure Investment Bank.
Japan, owns 10% of Sri Lanka’s foreign debt.
2%
of Sri Lanka’s foreign debt was owed to India as of April 2021.
However, in early 2022, India was the top lender to Sri Lanka, with 550%
more credit than Beijing between January and April.
This
fanatic militaristic China-hater Tom Tugenhadt is now BBC's favorite
when the part time muslim Savid Javid was ousted. Just listen how he and
BBC staged an "interview" that had nothing to do with journalistic
reporting, but all to do with the style of Nazi German anti-democratic
propaganda.
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