China’s debt-trap diplomacy – lessons from Sri Lanka, Bangladesh, and beyond

In the past two decades, China has emerged not just as the world’s second-largest economy after the US, but also as a dominant force in global infrastructure financing. Central to this global expansion in the last few years is Beijing’s Belt and Road Initiative (BRI), the multi-trillion-dollar project, on the surface at least aimed at improving connectivity and international cooperation across Asia, Africa, and even Europe…read more