Topic updates
Development Finance - The Cost of being in Debt to China
4th May 2022
What are the implications of borrowing money from China?
This BBC clip looks at the potential 'threats' that such borrowing entails - both for the workers and for the countries where China is investing, not least in relation to the possibility of getting into a 'debt trap'.
The clip looks at a Chinese investment in a copper mine in Serbia, and a tyre factory - and an EU-financed bridge in Croatia, where the bidding Chinese firm undercut EU firms by 20%.
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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