From the article:
Merchandise trade between China and the countries targeted by its “Belt and Road Initiative” is predicted to grow by US$117 billion this year, according to new analysis.
For China, this will mean US$56 billion in additional exports, while it will import an extra US$61 billion worth of goods from the 80 countries named in the Chinese government’s official manifesto, research from trade credit insurer Euler Hermes shows.
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A report last year from the Center for Global Development, an American think tank, implied that countries are concerned about being stuck in a debt trap, unable to repay loans and forced to cede assets such as commodities or infrastructure instead.
“The primary concern is that an US$8 trillion initiative will leave countries with ‘debt overhangs’ that will impede sound public investment and economic growth more generally,” the report read.
