Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
International Relation

U.S. should not decry China for lending to BRI countries: media

May 24, 2021


Abstract : The United States should not decry China for lending to countries involved in the China-proposed Belt and Road Initiative (BRI), and should instead extend infrastructure lending to poor countries, according to The Diplomat magazine.

BEIJING, May 24 (Xinhua) -- The United States should not decry China for lending to countries involved in the China-proposed Belt and Road Initiative (BRI), and should instead extend infrastructure lending to poor countries, according to The Diplomat magazine.

"Rather than decrying China for lending to BRI countries, the United States should engage in infrastructure lending to poor countries, and/or make it easier for multilateral banks to lend for such projects, reducing bureaucratic requirements," said an article published Saturday.

The BRI has repeatedly been labeled by someone as "a debt trap and a power grab," but this has been debunked by careful research, the article said.

There is "no evidence that Chinese banks over-lend or invest in loss-making projects to obtain a foothold in those countries," Deborah Brautigam, director of the China Africa Research Initiative at Johns Hopkins University, was quoted as saying by the article.

"There is further evidence that China is not engaging in debt trap diplomacy," said the article.

Other countries, not just impoverished countries, have chosen to join the BRI, it said. "The BRI has reached not only Africa, Latin America, and Southeast Asia, but also East Asia and Europe."

Meanwhile, the China-proposed BRI is not a threat to the United States, the article pointed out. Enditem

Scan the QR code and push it to your mobile phone

Keyword: Belt and Road international cooperation

Reading:

New index shows land-sea trade corridor growing steadily

2021 CICEE performance exhibition shines with eye-catching construction machinery

【Financial Str. Release】China to keep yuan exchange rate basically stable: PBOC

China Focus: Intelligent technologies, applications help people live smarter lives

Deals worth over 350 bln yuan signed at Western China trade fair

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial