Posted on 06/26/2011 11:48:22 AM PDT by Mount Athos
Tonga is considering an offer from China to change a huge loan into a grant.
China provided more than $60 million three years ago to help pay for the rebuild of the capital, Nukualofa, which was destroyed by riots in 2006.
Lawmakers are now trying to trim the budget as Tonga confronts a multi-million dollar deficit while also contemplating how to meet annual repayments of nearly six million dollars from 2013.
The deputy prime minister, Samiu Vaipulu, has told parliament China has offered to make the loan a grant.
Radio New Zealands correspondent in Tonga, Mateni Tapueluelu, said many Tongans fear the trade-off will be easier access for Chinese wanting to settle in Tonga.
That is not a very beautiful option given the fact we have had complaints from local Tongan communities being overcrowded by Chinese competitors, so either way it is not going to be an easy decision for Tonga, said Tapueluelu.
God save the Kingdom. China has been dropping money throughout the Pacific for years... =/
“trade-off will be easier access for Chinese wanting to settle in Tonga”
China is settling the world. Make no mistake, they plan to dominate this planet.
Here is a picture of their landing craft...
Gotta love it. At least the American taxpayer didn't fund it.
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