Our island neighbours are sitting on the debt trap time bomb. The day of reckoning will soon arrive in most countries, if not all of them.
There is no way China (unlike Australia) is simply going to write off or forgive debts. It seems reluctant to even defer loans to its closest regional friends.
They are in vulnerable and dangerous positions.
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I have come to the view there is little in the immediate future Australia can do anything about it!
China won't colonise - but in all but name it will have even more effective control of our closest neighbours.
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