Why the Belt and Road is no debt trap

However, some skeptics in the West accuse China of trying to induce countries, notably the African ones, into borrowing unpayable loans. The aim is for the Asian country to build political and strategic clout on the growing continent.

The accusers seem to have intentionally confused the debt dangers of a company with that of a country, ignored China's risk as a creditor, and excluded such factors as the impact of the 2008 financial crisis, dives in commodity prices and U.S. interest rate hikes on loans to developing countries.