China’s Belt and Road Initiative has raised important questions about the risk of debt problems in less-developed countries. The risks are serious for the small and fragile economies of the Pacific. However, the analysis finds a different picture. The evidence to date suggests China has not been engaged in deliberate ‘debt trap’ diplomacy in the PICs. The Belt and Road projects have brought effective investment to the relevant countries rather than the so-called debt trap, boosted local economy and improved people’s livelihood. By Col. (Ret’d.) Siamelie Latu.
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Results for Siamelie Latu
Tuesday 19 November 2019
Wednesday 31 July 2019
The Chinese proverb goes: “Yāo Xiǎng Fù Xiān Xiū Lù” (“If you want to get rich, build a road.”) This can be updated as: “If you seek prosperity, build connectivity.” By Col. (Ret’d.) Siamelie Latu, Secretary General of the Tonga China Friendship Association.