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Chinas Road to Ruin: The Real Toll of Beijing's Belt and Road.
- Source :
-
Foreign Affairs . Sep/Oct2023, Vol. 102 Issue 5, p143-152. 10p. - Publication Year :
- 2023
-
Abstract
- The article focuses on Chinese President Xi Jinping's Belt and Road Initiative, infrastructure development project in human history. It mentions strategic properties in developing countries forced to turn to the International Monetary Fund (IMF) and other Western-backed international financial institutions for help repaying their Chinese loans. It also mentions Chinese projects have pushed debt-to-GDP ratios to unsustainable levels and produced balance-of-payments crises.
Details
- Language :
- English
- ISSN :
- 00157120
- Volume :
- 102
- Issue :
- 5
- Database :
- Academic Search Index
- Journal :
- Foreign Affairs
- Publication Type :
- Periodical
- Accession number :
- 170049604