September 05, 2018
From the article:
China has been accused of leveraging massive loans to smaller, developing countries in order to take over assets and construct military bases in said countries.
In a practice referred to as "debt-trap diplomacy" or "debt colonialism," huge loans are given to countries that will be unable to repay, forcing smaller countries to give up major concessions when the loans default, according to The Center for Global Development.
Countries like Pakistan, Djibouti, Fiji, Montenegro, Maldives, Kyrgyzstan and Laos all owe China large amounts of money.
Read the full article here.