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China’s Debt Trap Diplomacy And BRI Project: How China Is Leveraging Debt As A Strategic Weapon For Smaller Nations
Credit: Zee News- Published on November 8, 2023
The financial China leverages, is seen in the context of China's Belt and Road Initiative, often raising concerns of debt trap diplomacy.
Video credit: Oneindia
Published on November 9, 2023 - 03:00
US Funds India's Sri Lankan Port Project to Counter China’s Rising Influence| OneIndia News
Sri Lanka fell into a debt trap with China's $1.26 billion loan for the Hambantota Port in 2007, leading to China's control of the port in 2017. In response, the U.S. plans a $553 million investment in Sri Lanka's Colombo port, countering China's influence. The U.S., along with India's major port operator, aims to enhance Sri Lanka's infrastructure and economy.
#US #India #China #SriLanka #Hambontontaport #Srilankachina #chinadebttrap #Biden #Modi #OneIndiaNews #OneIndia
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