ROADS to nowhere, abandoned railways and half-built bridges - China has been accused of using "Debt trap" projects to ensnare poorer countries and expand its power worldwide.
There have been increasing questions about the wisdom of becoming too reliant on Chinese finance and ending up in forms of debt dependence on China.
"But there have been increasing questions about the wisdom of becoming too reliant on Chinese finance and ending up in forms of debt dependence on China in various countries along the Belt and Road, and this might become more important."
The IMF estimated the project would cost another $1.2 billion to complete - and its feared China could seize land in Montenegro to cash in its debts.
Tajikistan, which shares a border with China's Xinjiang province, was forced to hand over territory of 1,158 square kilometres of the Pamir mountains to China after defaulting on loans.
Research fellow at ODI and PhD candidate at the Lau China Institute, said "No evidence of debt trap" has been found in the case of Hambantota.
"There is plenty of evidence right now, in the academic literature and in other sources, that there is no conscious decision by China to ensnare countries in a debt trap," she told The Sun Online.
https://www.the-sun.com/news/3281851/roads-to-nowhere-china-debt-traps/
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