B3W

Chinese Debt Trap set to take serious beating globally

The world has very well realized the cost of Chinese debt. The Chinese are known to offer cheap loans to smaller nations and force unneeded infrastructure projects leading to bankruptcy and debt trap. Right from the Pacific to Latin American, from Africa to Europe and Asia, the number of countries facing an economic crisis, Chinese blackmail and local unrest due to the Chinese debt trap is large. However, the pandemic

Italy calls for review of China’s Belt & Road Initiative

Just before the pandemic began, China had found a very close friend in the form of then Italian Prime Minister Giuseppe Conte. China considered him as their entry gate into the European Union. The friendship became so close that Conte ditched the traditional pro-Western Italian foreign policy and joined China’s Belt & Road Initiative, which is infamous globally as the ‘Chinese debt trap’. Under Conte, the Chinese influence in Italy