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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 25 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 ...
It claims to be the largest port in Sri Lanka after the Port of Colombo and the "biggest port constructed on land to date in the country" and is often cited as an example of China's Debt Trap Diplomacy where the port was leased to pay off Chinese debts. However, in 2017, Sri Lanka experienced a debt distress that was unconnected to Chinese ...
Regardless of its provenance, the idea that debt and war are the two primary ways to control a nation is a great insight into the current geopolitical situation, especially the rise of China.
China’s Belt and Road Initiative (BRI) has ambitions to reshape the global economy by connecting more than 60 countries across Asia, Europe, and Africa through trade and infrastructure projects.
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 ...
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
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]