CGD in the News

China ‘colonising smaller countries by lending them massive amounts of money they can never repay in bid for world domination’ (The Sun)

August 21, 2018

By Gerard du Cann 

The country is accused of leveraging massive loans it holds over small states worldwide to snatch assets and increase its military footprint. 

Developing countries from Pakistan to Djibouti, the Maldives to Fiji, all owe huge amounts to China.

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A report from The Center for Global Development offers some insight into the spreading China debt.

It shows how infrastructure project loans to the likes of Mongolia, Montenegro and Laos have resulted in millions or even billions in debts, which often account for huge percentages of the countries' GDPs.

Many of these projects are linked to the "Belt and Road" initiative - a bold project to create trade routes through huge swathes of Eurasia, with China at the centre.

Read the full article here.