Title:	Chinese debt trap diplomacy: reality or myth?
Authors:	Himmer, Michal Rod, Zdeněk
Citation:	HIMMER, M. ROD, Z. Chinese debt trap diplomacy: reality or myth?. Journal of the Indian Ocean Region, 2022, roč. 18, č. 3, s. 250-272. ISSN: 1948-0881
Issue Date:	2022
Publisher:	Routledge
Document type:	článek article
URI:	2-s2.0-85152952607 http://hdl.handle.net/11025/54642
ISSN:	1948-0881
Keywords in different language:	China;debt-trap diplomacy;belt and road initiative;foreign policy tools
Abstract in different language:	Debt-trap diplomacy (DTD) is seen as a relatively new Chinese policy tool connected to BRI. DTD builds on the approach that China intentionally excessively lends money to low-income indebted states that cannot later repay Chinese debt. The borrowing state thus relinquishes some of its strategic assets to decrease its debt burden towards China (debt-for-equity swap). DTD debate has been encompassed by particular criticism questioning the existence of such a strategy as DTD. Scholars questioning DTD existence suggest DTD is far more complicated than it is usually portrayed, meaning DTD should not be automatically taken as a predatory technique China strategically pursues. This study seeks to elucidate whether China uses DTD as an elaborated strategic tool or if it is a solely constructed narrative that does not have any empirical substantiation. Six countries – Sri Lanka, Maldives, Malaysia, Laos, Kenya, and Djibouti – were analysed.
Rights:	© The Author(s)
Appears in Collections:	Články / Articles (KAP) OBD

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