在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

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: 成人影院一区二区三区 | 亚洲精品无 | 欧美日韩国产一区二区三区 | 偷拍亚洲色图 | 久久久久久国产精品 | 欧美三级欧美成人高清www | 国产大片在线观看 | 欧美一级毛片免费看 | 中文字幕不卡在线观看 | 国产精品主播 | 欧美黄视频在线观看 | xxx在线| 日韩毛片网 | 成人av综合| 日本免费一区二区三区 | 欧美亚洲激情视频 | 在线免费日韩 | 色欧美日韩 | 在线免费视频成人 | 福利精品在线观看 | 色丁香在线 | 日韩一区二区三区在线观看 | 7777久久 | 一区二区三区精品视频 | 久久这里只有精品首页 | 国产成人亚洲欧 | 无码日韩精品一区二区免费 | 久久亚洲精品中文字幕 | 国产精品日韩欧美一区二区三区 | 国产91精品一区二区绿帽 | 嫩草影院网站入口 | 日韩一区二区视频在线观看 | 夜夜操com| 午夜高清视频在线观看 | 欧美成人一区二区三区片免费 | 91麻豆精品国产91久久久久 | 久久av网| 久草福利视频 | 国内精品久久精品 | 亚洲网站免费看 | 在线观看第一页 |