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Home / World / Experts should not be distracted from borrowing from China

Experts should not be distracted from borrowing from China



Countries should not be "fooled" by China's Belt and Road initiative into China bonds, but should instead look for opportunities in India, says a critic of the Beijing flagship infrastructure project.

7, when Sri Lanka handed over its port of Hambantota to Beijing 99 years after South Asia. The nation was unable to repay the money it owed Chinese companies.

The BRI is a "debt trap," Raslan said. China "does not invest – it will lend us money for projects that have very low economic value for host countries," he added.

Borrowers need to "look more to India," Raslan said. "We have to concentrate there."

He explained that "India has 1.3 billion people by the end of the day and it is growing very fast – they will attract imports."

India's economy is expected to grow by 7 percent in 2019, growing from 6 percent to 6.5 percent in the same year compared to China's growth.


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