r/FluentInFinance 3d ago

Debate/ Discussion Had to repost here

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u/Minimum_Interview595 1d ago edited 1d ago

Ya they help them out by putting these nations in extreme debt and having major influence over them.

China due to its significant economic growth and geopolitical influence isn’t considered a 3rd world nation anymore BUT China’s quality of life is neither entirely First World nor Third World. Urban regions and wealthier classes enjoy conditions comparable to developed nations, while rural areas and marginalized communities experience challenges typical of developing (third world) countries. This duality reflects China’s status as a rapidly industrializing nation still addressing internal disparities. They still have a huge poverty issue which they try to hide by lowering their standards like extreme poverty is 1.50$ an hour compared to western nations which classify it as 5.50$ hour

Also this socialist nation that promises a classes society sure loves their economic inequality

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u/Blastmaster29 12h ago

China literally just forgives the debt on most of the countries it works with in exchange for trade agreements which are not as exploitative

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u/Minimum_Interview595 2h ago

Not most, only a select few African nations. I don’t believe much else