www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
World
Home / World / World Watch

US studies say BRI not a debt trap

By Chen Weihua | China Daily Global | Updated: 2019-05-13 09:58
Share
Share - WeChat

Two studies released in the past weeks should put to rest the blind accusation that China's infrastructure financing under the Belt and Road Initiative has sucked developing nations into a debt trap.

Without providing any evidence, senior US officials, such as Vice-President Mike Pence, Secretary of State Mike Pompeo and National Security Advisor John Bolton, made such allegations last year.

Deborah Brautigam, a leading authority on China-Africa relations at Johns Hopkins University's School of Advanced International Studies in Washington, dismissed such accusations in an opinion piece in The New York Times on April 26.

In the column, which ran under the headline "Is China the World's Loan Shark?", Brautigam said studies "found scant evidence of a pattern indicating that Chinese banks... are deliberately overlending or funding loss-making projects to secure strategic advantages for China".

The Hambantota Port project in Sri Lanka is often cited by critics, but "that's a special case, and it is widely misunderstood," she wrote.

Brautigam's opinion piece was based on studies conducted by her China-Africa Research Initiative at the SAIS, which included information on more than 1,000 Chinese loans in Africa between 2000 and 2017, totaling more than $143 billion, as well as a study by Boston University's Global Development Policy Center, which has identified and tracked more than $140 billion in Chinese loans to Latin America and the Caribbean since 2005.

Based on the findings, Brautigam concluded that the risks of the BRI are often overstated and mischaracterized.

A report on a study by New York-based independent research provider Rhodium Group, published on April 29, also dismissed the debt-trap accusation against China.

Based on 40 cases of external debt renegotiation between 2007 and this year in 24 countries, the report said asset seizure was a rare occurrence. More often, China was inclined to renegotiate the debts or write them off, it said.

Contrary to accusations that China uses its outsized weight to gain advantage over borrowing nations, the study found that China's leverage in negotiations was limited.

The Brookings Institution, a Washington-based nonprofit public policy organization, interviewed a group of its scholars ahead of the Second Belt and Road Forum for International Cooperation held in Beijing late last month. None of them accused China of debt-trap diplomacy.

Ryan Hass, a senior fellow at the Brookings Institution and a former official for China in the Obama administration, said much of the US government's narrative on the BRI has been built around debt-trap diplomacy. He said he is worried that the US government is making an argument that is more persuasive to itself than to others.

The fact that the BRI has gained more support around the world, as seen in the recent forum in Beijing, is the best answer to those who might have ulterior motives. So far, more than 120 countries have participated in the initiative.

Despite strong US pressure, Italy became the first G7 nation to join the initiative in late March.

European Union officials have started to talk about how to align the EU's Connecting Europe with Asia strategy with China's BRI to achieve synergy.

In Beijing last week, Philip Hammond, Britain's finance minister, described the BRI as having "tremendous potential to spread prosperity and sustainable development, touching as it does potentially 70 percent of the world's population, a project of truly epic ambition".

He offered British expertise on project financing. Indeed, much of China's lending practices in the BRI were learned from Western nations, as well as Japan, which lent to China during the country's reform and opening-up drive in the past four decades.

The BRI may not be perfect yet, but its benign intention of boosting economic growth in developing nations by building infrastructure, something China learned from its own experience, should not be questioned.

Countries should join the BRI to help make it a greater success instead of trying to undermine it.

The author is China Daily EU bureau chief based in Brussels.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 久久精品国产99国产精品免费看 | 国产精品黄网站免费进入 | 精品国产无限资源免费观看 | 亚洲经典乱码在线播 | 日本免费人成黄页网观看视频 | 99免费观看视频 | 日韩一区在线播放 | 韩日一级毛片 | 中日韩美中文字幕 | 亚洲欧洲一区二区三区在线 | 成人毛片免费播放 | 91亚洲成人 | 亚洲一区二区三区香蕉 | 京东一热本色道久久爱 | 欧美精品人爱a欧美精品 | tom影院亚洲国产日本一区 | 一区二区三区不卡在线观看 | 国产一区国产二区国产三区 | 国产91色综合久久免费 | 欧美另类 videos黑人极品 | 国外免费一级 | 99在线观看 | 拍真实国产伦偷精品 | 在线视频一区二区三区三区不卡 | 一区二区影院 | 一本色道久久综合亚洲精品高清 | 美女拍拍拍爽爽爽爽爽爽 | 成人爽爽大片在线观看 | 毛片大片免费看 | 亚洲精品国产福利一区二区三区 | 欧美日韩国产在线观看一区二区三区 | 日韩欧美一区二区三区不卡视频 | 99久在线精品99re6视频 | 亚洲视频一区二区在线观看 | 日韩一级影片 | 中文国产成人精品久久水 | 91久久精品国产91久久性色tv | 亚洲成人黄色在线 | 国产亚洲综合成人91精品 | 国产成人精品一区 | 久久99精品视香蕉蕉 |