Need to Know
May 16, 2018 5:28 AM
China using 'debtbook diplomacy' to spread its strategic aims in Asia Pacific
Posted by Staff
CNN:

The Chinese government is leveraging billions of dollars in debts to gain political leverage with developing countries across Asia and the Pacific, a new report presented to the US State Department claims.
The independent report, written by a pair of Harvard University scholars, identified 16 countries targeted by the Chinese government for "debtbook diplomacy, " with Pakistan, Djibouti and Sri Lanka identified as being most vulnerable.
According to the report, in some cases the huge debts grow to a size too large to pay back, allowing Beijing to leverage the loans to "acquire strategic assets or political influence over debtor nations."
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