Letzte Aktualisierung: October 27, 2021
Debt trap or generous foreign aid?
By Andreas Fuchs, Kiel Institute for the World Economy
China's development cooperation with the Global South has gained the attention of Western media. However, growing attention has not always led to growing understanding. Many media outlets, for example, speak of China's "credit trap" and "debt-trap diplomacy". At the same time, for example, Deborah Brautigam, a professor at Johns Hopkins University, and Meg Rithmire, an associate professor at Harvard Business School, argue: "The narrative wrongfully portrays both Beijing and the developing countries it deals with." Is the charge of "debt-trap diplomacy" justified?