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Countries should not be "misled" by Chinese loans, the expert says



Countries should not be "deluded" by China through the Belt and Path initiative, instead looking for opportunities in India, says one critic of Beijing's leading infrastructure project.

Controversy the strategy was highlighted in 201

7 when Sri Lanka handed over its port of Hambantota to Beijing for 99 years after the South Asian state failed to return the money it owes to Chinese firms.

BRI is a "debt trap" "China does not invest – they give us money for projects that have a very low economic value for host countries," he added, "look more to India," Raslan said. "We need to focus there."

He explained that "India at the end of the day (there is) 1.3 billion people, growing very fast – they will suck in imports."

The Indian economy is about to grow by 7% in 2019, rising more than China's projected growth of 6 to 6.5% in the same year.


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