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An October 2019 report by the Lowy Institute said that China had not engaged in deliberate actions in the Pacific which justified accusations of debt-trap diplomacy (based on contemporaneous evidence), and China had not been the primary driver behind rising debt risks in the Pacific; the report expressed concern about the scale of the country's ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 29 December 2024. Chinese global infrastructure project Belt and Road Initiative Belt and Road Initiative and participant country map Abbreviation BRI Formation 2013 ; 11 years ago (2013) 2017 (2017) (Forum) 2019 (Forum) 2023 (Forum) Founder People's Republic of China Legal status Active Purpose Promote ...
Chellaney coined the term debt-trap diplomacy to describe how the Chinese government leverages the debt burden of smaller countries for geopolitical ends. [ 15 ] [ 16 ] He saw 'debt trap diplomacy' in China's handling of Sri Lanka's debt distress by taking over its Hambantota port on a long-term lease. [ 17 ]
That has led to allegations by the U.S., India and others that China was engaging in “debt trap” diplomacy: Making loans they knew governments would default on, allowing Chinese interests to ...
China's overseas lending is not a "debt trap", former central bank governor Zhou Xiaochuan has said, after two of the world's biggest international financial institutions warned of growing credit ...
China wants to counter the idea that the BRI - a scheme to connect Asia with Africa and Europe through infrastructure and other investment - is a form of "debt trap diplomacy", making loans some ...
China financed Hambantota International Port in Sri Lanka, which drew allegations of debt-trap diplomacy when Sri Lanka defaulted on its loans and China took control of the port for 99 years. [39] Some western analysts have suggested China's debt-trap diplomacy may hide hegemonic intentions and challenges to states' sovereignty. [40]
In terms of the Pacific, there is a more disturbing game being played out, namely the ‘chequebook diplomacy’, that is taking place between China and Taiwan in their competition for diplomatic recognition at the expense of the other. Taiwan matters profoundly to China—and it is largely why China is interested in the Pacific." [8]