Showing 1 - 2 of 2
Of debt and bondage with Beijing
Oped, Brahma Chellaney, Published on 26/11/2022
» Recently released details of Kenya's 2014 loan agreement with China to finance a controversial railway project have once again highlighted the predatory nature of Chinese lending in developing countries. The contract not only imposed virtually all risk on the borrower (including requiring binding arbitration in China to settle any dispute), but also raised those risks to unmanageable levels (such as by setting an unusually high interest rate). With terms like that, it is no wonder some countries around the world have become ensnared in sovereignty-eroding Chinese debt traps.
China's grand plan for its Pakistani outpost
Asia focus, Brahma Chellaney, Published on 30/05/2016
» Like a typical school bully, China is big and strong, but it doesn't have a lot of friends. Indeed, now that the country has joined with the United States to approve new international sanctions on its former vassal state North Korea, it has just one real ally left: Pakistan.