The myth of PH bankruptcy and 'Chinese debt slavery'

By Dan Steinbock

Apr 18, 2022 12:05 am

In 2017, Forbes magazine reported that President Duterte will force the Philippines into Chinese debt slavery and bankrupt the economy by 2022. The fake story was promoted heavily by international and Philippine media. The question is: why?

IN May 2017, Forbes magazine released a column that claimed that 'New Philippine debt of $167 billion could balloon to $452 billion: China will benefit.' It was written by Anders Corr, who was portrayed as an 'independent' geopolitical risk analyst.

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