A study that looked at more than 1,000 loans to Africa found that Chinese lenders never seized assets, never used courts to enforce payments, and never applied penalty interest rates.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 1 day ago

A study that looked at more than 1,000 loans to Africa found that Chinese lenders never seized assets, never used courts to enforce payments, and never applied penalty interest rates.

ocean@lemmy.selfhostcat.com · 1 day ago

Commenting by only reading the title, it’s interesting that that’s my experience in China as well. Those I know who try to make extra money by lending lost a lot during and after Covid. I wondered why they didn’t pursue it and they just say their clients went so broke with Covid and the economy that there is nothing to ask for. It’s a nice thought that even though a lot of money is lost they don’t consider legal action!

A study that looked at more than 1,000 loans to Africa found that Chinese lenders never seized assets, never used courts to enforce payments, and never applied penalty interest rates.

A study that looked at more than 1,000 loans to Africa found that Chinese lenders never seized assets, never used courts to enforce payments, and never applied penalty interest rates.

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