Rebirth: Super Banking System
Chapter 1605 - 1440: Big Debt (Please Subscribe!)

Chapter 1605: Chapter 1440: Big Debt (Please Subscribe!)

In fact.

India is indeed crying with tears.

Of course.

Ordinary people are shedding tears of joy.

While the lending party—the Indian government—is shedding tears of pain.

Such a massive sum, over 6 billion Asia Dollars, Myanmar Bank demands cash as proof of sincerity. At this point, India had no choice but to agree to pay.

Only by paying this money.

They agreed to provide equipment and medical loans.

India is not like Huaxia.

Huaxia has deep pockets, strong RMB purchasing power, enormous foreign exchange reserves, and close trade relationships, allowing Huaxia to pay for equipment and medicine in RMB.

As for India.

Rupees?

Heh.

Crippling external debt looms overhead.

Annual interest amounts to an astronomical figure.

Adding to that, India’s export categories are limited. As a result, its currency’s applicability is constrained. Fortunately, Myanmar Bank didn’t completely embarrass India, stipulating that a quarter of the loan could be paid in Rupees.

After all.

The two countries are neighbors.

Trade settlements require Indian currency.

But it’s foreseeable.

India’s finances will remain in the red for quite some time because these loans are fronted by the Indian government. Repayment from the people will take time, and some might even default.

But Myanmar Bank’s money.

India can’t dodge repayment.

It will have to be repaid year after year. If payments can’t be made on time, worst case, they can always borrow new debt to repay old debt.

Over the years.

Things have always been like this!

...

Huaxia.

Someone did the math.

"India’s large population and the introduction of medical loans mean annual expenditures on transcription fluid treatments will fall between 150 billion to 200 billion Asia Dollars."

"Last year, India’s annual fiscal revenue was about $180 billion, equivalent to just over 1,200 billion Asia Dollars. However, this fiscal revenue has already made this year’s budget negative."

"Adding over $20 billion in annual medical loans, tsk-tsk... And let’s not forget, last year India’s military budget accounted for one-fifth of its fiscal budget."

With this calculation.

Huaxia’s netizens couldn’t help but laugh.

Looking at it this way.

It seems India plans to rack up a mountain of debt, acting as though massive liabilities aren’t a problem, repeatedly purchasing military equipment. And if there’s no money? Debt restructuring, borrowing again.

"I bet a pack of Hongtashan cigarettes; India will definitely borrow new debt to repay old debt."

"No need to bet; you’re sure to win."

"Sympathies for Myanmar Bank—they’ve just added another bad loan."

As far as Huaxia’s netizens see it, this bad loan.

Is nailed to the board.

"You can’t look at it that way. Perhaps they have ways to recover the money—India is such a big country, their mineral resources are worth money, and labor can create value. Worst case, they could use state-owned enterprises to offset debt."

"After all, they’ve granted so many loans to Africa; would they lack minerals?"

"Can’t say for sure. Africa is far away, and transporting ore is troublesome. If it were in India, it’d be next door, with a single train trip able to deliver. By the way, do the two countries have rail connections?"

"No."

"...They will eventually."

"I think it’s great—Myanmar Bank, acting out of humanity, lent money despite knowing it’s a bad loan. Maybe they’re earning goodwill, gaining a reputation. You can’t call it a loss."

"Makes sense."

...

Meanwhile.

Indian major media outlets are broadcasting live.

"Starting next Monday, all patients traveling for treatment must first apply for a medical loan at India Bank upon entering Langyu County in Myanmar. They will also need to obtain a pass; otherwise, the hospitals there will restrict admissions."

"All medical loans will have a term no longer than ten years, handled by the family. Family members will jointly bear responsibility. If the patient passes away due to other reasons in the future, repayment will fall on other family members."

"During the repayment period, if installment payments aren’t made for six consecutive months, this will be recorded on the individual’s credit history, affecting access to housing loans, commercial loans, family members’ education, or overseas travel."

"..."

This time.

Almost all Indian TV stations are broadcasting.

So are the radio stations.

Indian people are spreading the news, treating it like a festival.

Regarding these terms.

Most people seem accepting.

At least.

The loan is real, sparing them from waiting to die. However, there’s a minor flaw—this loan can only be used for cancer-type diseases treatable with transcription fluid. Other illnesses aren’t eligible.

Relatively speaking.

It’s far behind Huaxia.

As for how this loan will be repaid, Indian citizens aren’t particularly worried. After all, they’re borrowing from the Indian government, not from loan sharks, so violent collections aren’t a concern.

Because of this.

Their worries are somewhat alleviated.

Repaying slowly is fine; nobody can do much to them. While there are some credit impacts, potentially influencing children’s education, it’s not too big of a deal—they will repay eventually.

As for the debt India owes Myanmar Bank.

Let those higher-ups worry about that.

You have money for buying weapons and equipment; you should spend a bit more on us.

...

Myanmar stock market.

The positive news drove a rally.

The surge seemed unstoppable.

Previously, there was only Huaxia. Now, with India added, the world’s two most populous countries—together accounting for over one-third of the global population—have started large-scale usage of transcription fluid.

No.

Not just these two countries.

Myanmar itself too.

Along with the ’Mozambique’ model’s promotion across African nations. If you add it all up, over half of the world’s population now recognizes transcription fluid.

This shift.

Is monumental.

Two percent.

...

Three percent.

...

Three point five percent.

...

By noon.

Myanmar Medical Group’s stock had risen nearly five percent since the market opened, and the trajectory continued upward. Accompanied by global media coverage and the sour-toned shift in Western public opinion, more capital rushed in.

...

At Wei Jun’s home.

Putting down his mobile phone.

"Tangtang, Qingyuan Technology’s spotlight has been snatched by Myanmar Medical Group. But thankfully, it wasn’t yesterday. If this had happened yesterday, it would’ve been troublesome." Tang Kai said with relief.

"Seriously, of all times, why today?" Wei Jun chimed in.

Wangsa added.

"Little Tang, don’t worry. Qingyuan Technology has already succeeded."

Tang Qing smiled wryly.

Do I have ’worry’ written on my face?

About this India matter.

He had known long ago—before the parliamentary vote earlier this year, he already knew the outcome and the scheduled approval date. As for Qingyuan Technology coinciding with it, it was merely a coincidence.

Besides.

No one would be bored enough to clash with their own company.

Your concerned expressions are making me conflicted, okay?

...

After lunch.

"Old Tang, I’ll see you next time for a drink," Wangsa said as he bid farewell.

"Certainly."

Tang Kai gave him a hug.

Wangsa had to head back for pressing matters.

His dad was coming down for an inspection, reviewing stationed soldiers nearby. If it weren’t his own father, he wouldn’t dare leave the country at such a critical time to chat over tea with Tang Kai. By afternoon, he had to rush back to prepare.

Otherwise, he’d get an earful.

"Leaving, Xiao Jun."

"Take care."

Wei Jun and his wife waved goodbye.

"We’re leaving too; visit Huaxia sometime."

"Sure, Uncle Tang."

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