I’ve followed the developing belt and road initiative and it works like this:
China invests in various countries’ infrastructure to expand trade capacity. So far the only criticism the western media has leveled at it is that it is supposedly a debt trap. And the big evidence for that is Sri Lanka’s port. However, the majority of Sri Lankan debt is held by Western banks. The Chinese loan was not at a higher interest rate. Yet somehow, China is to blame?
In what way do you consider the BRI to be a hegemonic project?
That’s a very naive take. Even if BRI was only meant for trade - so much influence on trade necessarily means that China will have greater political power over included countries. The debt trap thing is also true - the westerners noticed it because they employed the same tactics to gain influence over other countries. These are pretty hegemonic things to do.
I’ve followed the developing belt and road initiative and it works like this: China invests in various countries’ infrastructure to expand trade capacity. So far the only criticism the western media has leveled at it is that it is supposedly a debt trap. And the big evidence for that is Sri Lanka’s port. However, the majority of Sri Lankan debt is held by Western banks. The Chinese loan was not at a higher interest rate. Yet somehow, China is to blame? In what way do you consider the BRI to be a hegemonic project?
Because China bad duh, go away tankie
That’s a very naive take. Even if BRI was only meant for trade - so much influence on trade necessarily means that China will have greater political power over included countries. The debt trap thing is also true - the westerners noticed it because they employed the same tactics to gain influence over other countries. These are pretty hegemonic things to do.
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