The Chinese Debt Trap Diplomacy is a Myth The lie the world got used to. PCL week 52

The Chinese Debt Trap Diplomacy is a Myth The lie about China the world got used to. PCL week 52 , chinasnewnormal, BRI, debttrap, beltandroad, CONTENT 00:41 Is China the world s biggest loan shark The story goes that Beijing is a predator that wants to control many developing countries in the future by luring them into a debt trap. 01:29 Is the debt trap linked to the Belt and Road (BRI) The debts that China gives out are indeed part of the deals of the Belt and Road. China has already spend close to a trillion USD in 68 countries to support infrastructure building around the world. 02:14 Is it true that many countries cannot pay back the loans from China Yes. 23 out of 69 countries of the BRI are at risk of debt distress. But the fact that this would mean that China is luring them into this debt is a lie that has been debunked. Even the Hambantota port of Sri Lanka has been found not to be a debt trap 04:13 Why do we think of Chinese loans as debt trap