For at least 10 BRI countries, debt service to China is going to become a major fiscal burden in the coming years. Dr. Christoph Nedopil and Mengdi Yue argue that China needs to make debt relief multipateral, fair and green to be a global standard setter.
History shows that China’s approach to debt relief is ad hoc, and asset seizure is highly unlikely.
Domestic commentators provide insight into Chinese thinking on the thorny issue
Ma Xinyue argues that debt financing along the Belt and Road is as much a “trap” for debtors as it is for China
The 2nd Belt and Road Forum in Beijing ended with a set of software patches to BRI 1.0