Debunking the myth that “China’s debt-trap theory” is real in the West

Chinese development aid is not the same as Western aid, which is occasionally subject to a number of restrictions. China’s development assistance demonstrates that it is neither transitory nor strategic. It is free of limits, preconceived notions, and attachments.Global South Voices broadcaster and former head of Pakistan’s Senate Defence Committee Mushahid Hussain Sayed stated on CGTN, “Let the people make the final decision.” In this episode, the “debt-trap” concept is disproved, and the benefits of China’s prosperity are examined for the Global South.

Congressman Harry Kamboni of Zambia emphasised the significance of China supporting the development of African nations. Kamboni underlined the tangible benefits that investments in a range of businesses, infrastructure development, and capacity building had brought Zambia and other African countries. He underlined that the help that Western nations frequently provide on a conditional basis contrasts sharply with China’s approach, which is characterised by deference and non-interference.

Carlos Ferreyra, an expert in global governance and an activist on climate change from Argentina, brought attention to China’s leadership in addressing global climate challenges. Ferreyra praised China’s commitment to sustainable development, particularly its significant investments in renewable energy and green technology. He argued that China’s efforts are essential not only for combating climate change but also for setting a global standard in environmentally responsible development practices. Ferreyra sees China’s initiatives as a model for other nations to follow.

John Pang, a Senior Fellow at the Belt and Road Initiative Caucus for Asia Pacific (BRICAP), discussed the strategic significance of the Belt and Road Initiative (BRI) in fostering global economic connectivity. Pang pointed out that the BRI has successfully bridged infrastructure gaps in many developing countries, enabling them to participate more fully in the global economy. He also noted that the BRI reflects China’s vision of a multipolar world where development is shared and benefits are mutual, challenging the dominance of Western-centric economic models.

Lastly, Keith Bennett, co-founder of Friends of Socialist China, offered a historical perspective on China’s development path and its international influence. Bennett argued that China’s approach to development, both domestically and internationally, is rooted in socialist principles that prioritize people’s welfare and collective progress. He emphasized that China’s model, which has lifted millions out of poverty and contributed to global development, presents a viable alternative to neoliberal policies that have often exacerbated inequality and hindered true development in many parts of the world.

Moreover, Sayed stressed the importance of looking beyond the surface-level critiques of China’s development model. He pointed out that while criticisms often focus on debt dependency or environmental concerns, these issues must be weighed against the tangible benefits China provides, such as infrastructure development, job creation, and technological transfer. He called for a more nuanced discussion that recognizes both the challenges and the achievements of China’s global engagement, urging listeners to consider the perspectives of those directly affected by these initiatives.

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