By Voice of America
From the article:
Concerns about money owed to China for its Belt and Road Initiative are increasing in Asia, Africa and the Middle East.
The initiative, a huge infrastructure project, is a Chinese effort to improve transportation and increase trade across the area.
In recent weeks, more than $30 billion in infrastructure projects have been canceled. Officials are reconsidering some loans and investments.
Governments from Vietnam to Zambia are seeing public opposition to Chinese investments as well as fear of what has been called “debt diplomacy.”
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Debt traps
The Center for Global Development says 23 of the 68 countries where China is investing for Belt and Road projects are at high risk of debt problems. Another eight, including Djibouti, may have debt problems linked to future projects. The Washington, D.C.-based group published the information in a report released earlier this year.
China argues that its investments are aimed at increasing trade and helping developing countries.
Read the full article here.
