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Showing posts with the label debt trap

Debt trap and belt road initiative.

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Debt trap and belt road initiative. In last decade China has got a strong grip on Indian ocean by investing billions of dollars to build Port facilities and maritime trade routes as part of belt and road initiative. To basically help china boost their economy and also make export easier for themselves. Many poor countries fell in this trap by china and now we see them suffer for example Pakistan cannot put lockdown during corona pandemic.  Here are 5 countries who got trapped in Chinese  debt. Sri Lanka In 2010 Sri Lanka got loan of about 8 billion dollars from china to build port of hambantota and other developments. Looks like a great help from China but this port has no traffic and without any traffic it is impossible for Sri Lanka to pay back this huge amount so they were forced to give up the port to china for 99 years lease. And now china has decided to use this port for Chinese military purposes from where china can easily attack India from sout

Potential Indo-China war

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AS we have seen in previous post rapid growth of China is a big threat to America and it’s superpower title. America is using various strategies to get china’s growth rate in control    but china is too strong to be slowed down. With their fair and unfair business    tactics china is expanding their production and export rate in nearly every sector. But this is not just war of two countries there are many there are many other countries, some are competing to become superpower and most of them are forced into the battles. Being 3 rd most powerful country lets see how India is competing with these two superpowers. Same as America is threatened by growth of china, China is also threatened by growth of India. Hence making India the best allies of America. China India relations are not as simple as trade war, this battle between china and India is much more dangerous and involves many countries same as world war.   Even though war doesn’t appear to be close but still

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