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In April 2023, the Boston University Global Development Policy Center published a brief to analyze eight examples of "supposed debt trap diplomacy cases" by China, and concluded that debt trap diplomacy was not the driver of China’s overseas lending and development finance policies, and that they found no empirical evidence to prove that ...
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]
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 ]
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 ...
Estimates regarding the amount of African debt cancelled by China varies. Since 2000, over $10bn in debt owed by African nations to the PRC has been cancelled, according to Le Monde diplomatique. [96] According to a 2020 report by the China Africa Research Initiative, "China has only offered debt write-offs for zero-interest loans", which ...
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Xi Jinping Thought on Diplomacy (Chinese: 习近平外交思想) [1] is the current diplomatic and foreign policy doctrine of the People's Republic of China. It is a part of the larger Xi Jinping Thought , which is a component of modern Chinese Communist Party ideology derived from the CCP general secretary Xi Jinping .