Indonesia owes Beijing more than $US22 billion dollars for projects like the China-built Jakarta-Bandung high-speed-railway. Some critics believe these projects lead countries into China’s “debt trap” Photo: Xinhua
Indonesia owes Beijing more than $US22 billion dollars for projects like the China-built Jakarta-Bandung high-speed-railway. Some critics believe these projects lead countries into China’s “debt trap” Photo: Xinhua
Muhammad Zulfikar Rakhmat
Opinion

Opinion

Asian Angle by Muhammad Zulfikar Rakhmat

Are Indonesia, Malaysia and Sri Lanka really ‘victims’ of China’s belt and road ‘debt trap diplomacy’?

  • Indonesia owes Chinese lenders more than US$22 billion for financing projects like the 150-kilometre Jakarta-Bandung High Speed Train
  • Analysts argue that recipient countries are not hapless victims, but actively shape how China’s development-financing system is being implemented

Indonesia owes Beijing more than $US22 billion dollars for projects like the China-built Jakarta-Bandung high-speed-railway. Some critics believe these projects lead countries into China’s “debt trap” Photo: Xinhua
Indonesia owes Beijing more than $US22 billion dollars for projects like the China-built Jakarta-Bandung high-speed-railway. Some critics believe these projects lead countries into China’s “debt trap” Photo: Xinhua
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