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  • Alex Wok

China's Belt and Road Initiative



Facts:

  • China has lent $1.4B to Djibouti, a tiny country located in the horn of Africa and a key partner of the BRI, over the last two years—a loan that is approximately 75% of it's GDP. China has also become Djibouti’s largest creditor, owning 82% of their external debt in 2016. “The Chinese ambassador to Djibouti has told diplomats privately that China expects to be repaid in cash or in kind”, alluding to the Hambantota Port deal Sri Lanka made with China.

Issue:

The Belt and Road initiative: a belt of servitude or a road towards prosperity?


read more:


  1. The Global Times; ‘Debt colonialism’ accusations on B&R ring false’

  2. CNN; ‘Pompeo announces new US investments in Indo-Pacific region’; Hu Xijin; tweet.

  3. Kenneth Roth, quoted in Reuters; ‘China’s development push in poor countries worries non-profits

  4. China Daily; ‘China’s One Belt One Road can boost global growth

  5. The New York Times; ‘How China Got Sri Lanka to Cough Up a Port’; The Economist; ‘Djibouti risks dependence on Chinese largesse

  6. UCAnews; ‘Controversial Chinese projects in Sri Lanka face resistance

  7. UCAnews; ‘Controversial Chinese projects in Sri Lanka face resistance

  8. Asia Sentinel; ‘Desperate to Survive, Malaysia’s PM Sells his Country to China’; The New York Times; ‘’We Cannot Afford This’: Malaysia Pushes Back Against China’s Vision’; The New York Times; ‘Malaysia Steps Up $4.5 Billion Corruption Inquiry’; Reuters; ‘Malaysia investigates China-backed project links with 1MDB: official'.


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