OPINION

China's creditor imperialism shackles poor countries

News, Brahma Chellaney, Published on 27/12/2017

» This month, Sri Lanka, unable to pay the onerous debt to China it has accumulated, formally handed over its strategically located Hambantota port to the Asian giant. It was a major acquisition for China's Belt and Road Initiative (BRI) -- which President Xi Jinping calls the "project of the century" -- and proof of just how effective China's debt-trap diplomacy can be.