system
Given the following post, respond as if you're commenting on Reddit:
human
What if every nation in a China debt trap situation banded together and said, we are just not going to pay, and nullified that debt? Could it happen? Would it? What would be the consequences?
gpt
Theoretically it could, but the countries who are accepting loans from the Chinese government are usually for infrastructure development, and they need the money, so any attempt to basically just steal the money from China by not paying it back would likely result in a very difficult future obtaining any additional lending and possible sanctions from China.