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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 ...
China's outposts in the disputed South China Sea are often cited as examples of a "salami slicing" tactic. Map depicts 2015. China's salami slicing (Chinese: 蚕食; pinyin: Cán shí; transl. "nibbling like a silkworm" [1]) is a geopolitical strategy involving a series of small steps allegedly taken by the government of People's Republic of China that would become a larger gain which would ...
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]
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 ...
With China's 2014 GDP being US$ 10,356.508 billion, [14] [15] this makes the government debt of China approximately US$ 4.3 trillion. The foreign debt of China, by June 2015, stood at around US$ 1.68 trillion, according to data from the country's State Administration of Foreign Exchange (SAFE) as quoted by the State Council . [ 16 ]
[10]: 336 At the 2018 Forum on China-Africa Cooperation, Xi Jinping emphasized the "Five Nos" which guide its foreign policy in dealing with African countries and other developing countries: (1) non-interference in other countries' pursuit of development paths suitable to their national conditions, (2) non-interference in domestic affairs, (3 ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 14 January 2025. Chinese global infrastructure project Belt and Road Initiative Abbreviation BRI Formation 2013 ; 12 years ago (2013) 2017 (2017) (Forum) 2019 (Forum) 2023 (Forum) Founder People's Republic of China Legal status Active Purpose Promote economic development and inter-regional connectivity ...
Writing in 2023, academic and former UK diplomat Kerry Brown states that China's relationship to the Hambantota port has become the opposite of the theorized debt-trap modus operandi. [ 55 ] : 56 Brown observes that China has had to commit more money to the project, expose itself to further risk, and has had to become entangled in complex local ...