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Debt-trap diplomacy is a term to describe an international financial relationship where a creditor country or institution extends debt to a borrowing nation partially, or solely, to increase the lender's political leverage.
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 ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 31 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 ...
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'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 China that would become a larger gain which would have been difficult or ...
American officials portrayed the Attarat contract as a case of Beijing’s “ debt trap diplomacy.” The Chinese Foreign Ministry declined to comment on the Attarat project.
[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 ...