BEIJING: Pakistan and other member countries of Belt and Road Initiativehave rejected the West’s conspiracy theory of China’s ‘debt trap’, saysChinese media.
According to China Economic Net’s report, as the trade war between Chinaand the United States escalates, US Secretary of State Pompeo has been busyfanning the flames among its allies, pressuring and intimidating, and evenrushing to the North Pole to spread rumours and fear.
At a recent meeting of the Arctic Council, he accused China and Russia ofbeing “aggressive” in the Arctic region, saying that China’s rise wouldplunge the Arctic countries into a “debt and corruption crisis” and thatsome countries were forced to accept “poor infrastructure”.
With the continuous progress of the China-proposed Belt and RoadInitiative, the slander about China’s debt and the fallacy about China’sfund are endless. It is fallacy because the same behaviour and the money ofwestern countries are called sweet “pies”, but what China provides couldbecome a dark “trap”! That simply makes no sense. The root cause for thatlies in prejudice.
As is known to all, infrastructure construction is an important way tosolve the current development bottleneck in many countries.
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Building high-quality, sustainable, risk-resistant, affordable andinclusive infrastructure is a key and core part in connecting facilitiesalong the China-proposed Belt and Road.
It is not just developing countries that need to improve theirinfrastructure construction. According to the American Society of CivilEngineers (ASCE), 28pc of major urban roads in the United States aresub-optimal or inferior, and by 2025, roads, highways, bridges, watersystems, schools and transport systems will cost a total of $4.59 trillionto renovate and build.
The sustainability of debt is not only related to the achievements ofprojects, but also to the prospect of building an open and inclusive worldeconomy. In the process of pushing forward the Belt and Road Initiative,China has continuously paid attention to the issue of debt sustainability.
