Hambantota

Is The BRI Debt Trap Real?

China’s ambitious Belt and Road Initiative (BRI) celebrates its fifth anniversary this month. The euphoria that initially followed Chinese President Xi Jinping’s announcement in Kazakhstan and Indonesia has somewhat faded.In its place is a West-driven narrative of a debt-trap; an “insidious plot” by China for global domination where the world’s second largest economy strikes opaque deals and inflates the value of projects, leaving poorer countries unable to repay their debts.

11 December 2018
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