News and Views

451: China’s Debt-Trap: Chance for India to Step Up Its Game?


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China’s Belt and Road Initiative (BRI) is reeling under a slew of criticism around the world. No doubt some of this is geopolitical envy, but some of it should have Beijing rethinking its grand global scheme. But whether or not it presents opportunities for India, is another matter.
According to a recent report in the Wall Street Journal, Chinese officials offered to help bail out the beleaguered Malaysian 1MDB state fund, in exchange for stakes in the Belt and Road railway and pipeline projects in Malaysia in 2016.
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