China’s debt-trap tactics: Same script, different cast
BY: Chaitra Arjunpuri PEJOURNAL - Ever wondered why India’s measure to ban China related apps and cancellation of Chinese contracts given for infrastructure development is praised and backed by other countries? China’s lending and investment policies, often disguised as help, in other countries have always resulted in “hidden debt” trap. This trap has pushed the economies of the borrowing countries to a worse than expected slowdown, one of the many problems associated with it. Over the past 20 plus years, China has become a major global lender, with outstanding claims exceeding over 5% of global GDP. It has given many…