By Admin 
China debt trap: Is China not spreading ‘friendship’, not ‘friendship’ by giving loans? This question is now echoing globally. Many countries of the world are moaning under the burden of Chinese debt, three of them are neighbors of India. China gave billions of dollars loans to many countries under its belt and road initiative (BRI), but now the same debt has become a noose of economic slavery for these nations. Some countries had to hand over their ports, while some nations were shaken till politics. Know the story of those 10 countries which are held in China’s debt trap today.
Pakistan: Scheme of terror drowning in debt waves
Pakistan is at the top of this list. Only China belongs to 23% of its total foreign debt. China invested billions of dollars in CPEC under BRI. But now the condition of Pakistan is that it is neither fully capable of repaying the debt nor independent. CPEC has now become a burden, not an opportunity.
Djibouti: Large slavery of small country
The small country of Africa was so suppressed by Djibouti, China’s port projects and debt that it had to hand over a port to China, which is now coming in Chinese military use. China has set up its army here in the name of debt.
Sri Lanka: Hambantota to political earthquake
Sri Lanka has been declared economic bankruptcy due to Chinese debt. After this, China had to give the Hambantota port on a 99 -year lease. The political crisis in the country deepened so much that the Rajapaksa government had to lose power.
Maldives: China’s strategy in Indian Ocean
China’s influence on Maldives has increased rapidly. The debt in the name of infrastructure made the country the economic hostage of China. Through this, China is trying to surround India from all sides.
Laos: Projects went, loan remains left
In Laos, China invested in hydroelectric and transport projects, but the country could not handle them. Now the condition is that Laos has handed over many projects to China and yet the debt is not ending.
Mongolia: Debt in lieu of mineral
China is eyeing Mongolia’s mineral resources. In the guise of investment and debt, China has made a deep penetration here. Now the country has no power left to save its assets.
Angola: Oil does not get money, loan
Angola, which is known for oil, has now become the biggest victim of China’s debt. By giving loans in the infrastructure and oil industry, China has so much scared that it is not able to make an independent economic policy.
Venezuela: Another colleague surrounded by crisis
Venezuela considered Chinese investment in oil projects a boon, but now the same investment has become an economic curse. The country’s economy is extreme and repaying China’s debt has become a rare dream.
Cambodia: Strategic trap under the guise of investment
China has invested heavy in real estate and infrastructure in Cambodia. But this investment is now challenging the country’s strategic self -respect. The terms of debt are so rigid that the country may have to compromise its sovereignty.
Kenya: Rail ran, but the budget derailed
China planted billions of dollars at railway and ports in Kenya. Initially it seemed to develop but now it has become a fiscal threat. The economic freedom of the country is in danger and the path of repayment has become difficult.