Trapped in Debt: How China's lending practices are hurting developing countries China's lending practices have come under scrutiny in recent years, as developing countries around the world find themselves increasingly indebted to the Asian giant. While China's loans have been celebrated for helping to finance infrastructure projects in countries that struggle to secure funding from traditional sources, the reality is that these loans are often trapping these nations in a cycle of debt that is difficult to break free from. Chinese debt trap diplomacy credits The Indian Express One of the main concerns with China's lending practices is the lack of transparency. Unlike loans from traditional lenders such as the World Bank and IMF, China's loans are often made through state-owned banks and other government-controlled entities. This means that the terms and conditions of these loans are not always made public, making it difficult for countries to fully understand the i...
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