The G7 Struggles To Present A Credible Alternative To China S Belt And Road Opinion
Since then, China has financed and built an estimated $1 trillion worth of infrastructure in low- and middle-income countries, rising to become the world’s largest bilateral creditor. China’s standing and influence have expanded in concert with its lending portfolio, alarming Washington and its allies. In the decade since the launch of the BRI, the U.S. and its allies have circulated the narrative of “debt trap diplomacy,” publicly accusing China of intentionally burdening developing countries with loans they cannot repay in the hope of taking over national infrastructure in the event of inevitable default....