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The narrative surrounding China's 'debt-trap diplomacy' is a lie that doesn't stand up to scrutiny msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Posted on February 14th, 2021 Courtesy CGTN News Two American scholars recently debunked the myth of the Chinese “debt trap,” saying that exhaustive research shows that Chinese banks have never actually seized an asset from any country and are willing to restructure the terms of existing loans. They called the Chinese debt-trap narrative “a lie, and a powerful one.” Deborah Brautigam, one of the authors of the research, published their findings in The Atlantic along with a professor from Harvard Business School last week. For years, there has been an anecdotal myth saying that China inveigles poorer countries to take loans that they can’t afford to build expensive infrastructure, and when they can’t pay back the loan, China would try to take control of those assets from borrowers, according to the paper. ....
From the ’70s to the new generation – Rajiv with Tashni Perera, Falen Andrea, and Yohani de Silva The lockdowns, the restrictions, etc., connected with the Coronavirus pandemic, seem to have done one particular artiste a lot of good. Singer/band leader/composer and producer, Rajiv Sebastian, spent his time working on a novel CD, and the results were seen at a special event. ‘Starlanka Musical Parade Vol 01’ was released on 29th January, at the Cinnamon Grand hotel, amidst a gathering of several known personalities. The CD features 12 songs, sung by 12 artistes – Amarasiri Peiris, Annesley Malawana, Bandula Wijeweera, Desmond De Silva, Sunil Perera, Luke Henriques, Dezmond Rodrigo, Ishaq Baig, Tashni Perera, Yohani De Silva, Falan Andrea and Rajiv himself. ....
The narrative wrongfully portrays both Beijing and the developing countries it deals with by DEBORAH BRAUTIGAM and The atlantic China, we are told, inveigles poorer countries into taking out loan after loan to build expensive infrastructure that they can’t afford and that will yield few benefits, all with the end goal of Beijing eventually taking control of these assets from its struggling borrowers. As states around the world pile on debt to combat the coronavirus pandemic and bolster flagging economies, fears of such possible seizures have only amplified. Seen this way, China’s internationalization as laid out in programmes such as the Belt and Road Initiative is not simply a pursuit of geopolitical influence but also, in some tellings, a weapon. Once a country is weighed down by Chinese loans, like a hapless gambler who borrows from the Mafia, it is Beijing’s puppet and in danger of losing a limb. ....
the ‘new normal’ way With live entertainment very much on the decline, due to the Coronavirus pandemic, DJs are coming up with novel ways to keep music lovers entertained. Romesh J Fernando, better known as DJ Everton in the showbiz scene, is one guy who is doing it differently. He entertains, his fans, on his YouTube DJ mixes, the ‘new normal’ way, he says, due to the current world situation. Romesh says this format is now quite popular, around the globe, with the world’s best DJs also doing this scene. “I was the first to start online DJ live entertainment in Sri Lanka, during the Covid-19 lockdown, and curfew, and continue to do so. ....