The Belt and Road Turns Into a ‘Debt Trap’ for Beijing
Xi Jinping’s plan to provide infrastructure to the world backfires
By: Salman Rafi Sheikh
With dozens of the member countries of the Belt and Road Initiative (BRI) club pushing to renegotiate their loans from China, the BRI is rightly said to have become a project of debt collection rather than one characterized by Beijing’s ‘win-win’ formula of mutual development. With China’s money virtually stuck – and even deeply bu…
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