Arafat Hosain
China uses what he called “debt traps” to gain influence over the countries said Richard Moore. China, the world’s biggest creator, is providing enormous loans to developing countries in Asia, Africa, and Latin America specifically for physical infrastructure such as highways, railways, power generation plants, deep sea ports, Airports, mineral extraction projects, etc. Most of the above loans are provided via the Belt and Road Initiatives. The Belt and Road initiative, known as one belt one road, is a development strategy that strives to build connectivity with global infrastructure adopted by the Chinese government in 2013. Experts said that China has planned to trap multiple developing and underdeveloped countries by delivering loans to the Belt and Road Initiative or BRI project. Read More
