Debt Trap Diplomacy of China in the Eyes of International Media

Abstract

The word “debt diplomacy” is becoming a new strategic game to gain political influence and acquire strategic assets by using the weapon of leveraging debt over low-economic nations. The deliberative trap of developed countries such as China is using the strategy of development finance in order to entrap economies with the purpose to exploit another country's benefits. The word debt diplomacy is first being used by an Indian academic early in the year of 2017. This created a surge in the global market. Debt diplomacy can be expressed as, the structure of the economic circle where there is the provision of loans plunging into a condition where the borrowing country falls into the trap of lending country debt. The article is a qualitative document analysis of Chinese policies towards less developed countries. It finds whether China has been so exploitative or not to the countries to whom it gave some development loans. The article takes a close view at the international media and academic writing to analysis the allegation of debt trap levelled by the Western community against the Chinese developmental loans for the less developed part of the world.

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