I’m in one of those countries receiving the Belt and Road initiative (Hungary), and we still have the austerity measures, but hey, there’s a percentage-based tax break system that gives more to people the richer they’re (they had to put a limit on the maximum amount of money after too many backlash), and no one in the Chinese government are complaining (not requesting to change it, complaining) about most of the media is in the hands of party henchmen.
AFAIK, austerity in Hungary is the current program of the conservative ruling party, not an imposition by a foreign institution like the EU or the IMF. The BRI investments in Hungary are also relatively recent so it’s too early to say if they’ve succeeded or failed, what I was referencing was the wave of loan forgiveness China has offered to poorer countries, mostly in response to the economic fallout from COVID.
I’m in one of those countries receiving the Belt and Road initiative (Hungary), and we still have the austerity measures, but hey, there’s a percentage-based tax break system that gives more to people the richer they’re (they had to put a limit on the maximum amount of money after too many backlash), and no one in the Chinese government are complaining (not requesting to change it, complaining) about most of the media is in the hands of party henchmen.
AFAIK, austerity in Hungary is the current program of the conservative ruling party, not an imposition by a foreign institution like the EU or the IMF. The BRI investments in Hungary are also relatively recent so it’s too early to say if they’ve succeeded or failed, what I was referencing was the wave of loan forgiveness China has offered to poorer countries, mostly in response to the economic fallout from COVID.