Sierra Leone will be facing that soon and they will default. The Chinese will just nationalize the mines they are operating and take what they want. You can see the military base they have on Google just across from the main military hospital in Freetown.
Just stop paying. Nationalize anything they’ve bought in your sh*t hole countries (ports, mines, farmland, whatever) and watch China collapse into chaos and ruin within 90 days. It may also push them to the brink of using their nukes, so there is that…
Really? No mention of the International Monetary Fund? And more loans AND austerity programs?
"Sri Lanka orders more austerity measures pending IMF bailout"
Source: https://www.laprensalatina.com/sri-lanka-orders-more-austerity-measures-pending-imf-bailout/
"Sri Lanka secures its 17th IMF bailout package of USD 3 billion"
Source: https://peoplesdispatch.org/2023/03/21/sri-lanka-secures-its-17th-imf-bailout-package-of-usd-3-billion/
AP propaganda .
Should the USA be run by a deficit loving Congress?
I imagine that’s why everyone wants to dump the dollar?
Always tempting to blame China, but the collapse is due to borrower socialism and the international war on energy.