Photo: VCG
The fact that China has been expanding its influence in the world while sharing its growth dividend with partner countries through projects under the Belt and Road Initiative (BRI) has caused envy and animosity in some Western countries, which have been demonizing China and accusing the country of setting up “debt traps”. This has been an attempt to sow discord between China and its partners.
A recent article by political editor Peter Hartcher, published in Australia’s Sydney Morning Herald newspaper, once again alleged that China’s BRI projects in Europe have turned into a national debt trap.
It says a $750-million loan to build a Belt and Road highway in Montenegro is being blamed for the county’s national debt…