Papua New Guinea and China's Debt Squeeze – The Diplomat
Papua New Guinea and China’s Debt Squeeze A debt trap? Not quite. But PNG’s telecom industry is a showcase example of how debt to China weighs down governments and constrains choices. By February 02, 2021 Advertisement The discussion of China, debt, and infrastructure, is beset by stereotypes. On the one hand, China would prefer to be seen as a development partner. According to this view, it’s a trusted, non-judgmental provider of expertise and technologies, giving countries a quick step to development. On the other hand, China is seen as setting debt traps, e...
Source: thediplomat.com