Does China Debt-Trap Countries? | The Hindu

Описание: With the ongoing debt crisis in Sri Lanka turning the spotlight on China’s lending practices, Beijing has been pushing back against allegations of what has been called “debt trap diplomacy”.

Many economies are reeling from the impact of the COVID-19 pandemic, which has worsened financial stress. Some of those countries, such as Sri Lanka and Zambia, were also the recipients of large Chinese loans.

Experts have noted that while Chinese lending may have worsened debt problems in some countries, debt owed to China was in most cases dwarfed by what was owed to other lenders, including the World Bank and International Monetary Fund.

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