KUALA LUMPUR: Ahead of the official visit of Chinese President Xi Jinping to Myanmar on Jan 17 and Jan18, there was a resurgence of warnings by analysts on the risk of debt trap that could be created by mega projects under China’s Belt and Road Initiative (BRI) for developing countries.
Since the launch of the trillion-dollar BRI by Xi in 2013, the US and Europe have incessantly warned countries embracing BRI of the risk of surrendering their sovereignty over their properties, if they could not repay loans to Beijing for the projects.