The Group of Seven nations announced on Sunday its plans to raise $600 billion over the next five years for a global infrastructure program. They say the plan will serve as a “positive alternative” to models that sell “debt traps.” One nation criticized for these “debt traps” is also a major strategic competitor of the United States: China. NTD spoke with China economic analyst Antonio Graceffo to learn more.
Economic Analyst Explains China’s Debt Trap
By Stefania Cox