by the Lowy Institute determined that China “has not been the primary driver behind rising debt risks”. According to the authors: “The evidence to date suggests China has not been engaged in deliberate ‘debt trap’ diplomacy in the Pacific.”
Proponents of ‘debt-trap diplomacy’ suggest that China’s geostrategic interests are served when its partners struggle with debt. Economic crises allow Beijing to pounce, seize assets and amplify its political influence. But the evidence points in the opposite direction. Far from boosting China’s global power, heavily-indebted recipients of Chinese largesse are a clear liability for Beijing.
Source: Loan Digest (loandigest.net)
RupertStone83 Don't try to romanticise China just coz Turkey is in bed with it.
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