Development, Debt, and Distress : Examining challenges to China’s Belt and Road Initiative through an analysis of Sri Lanka’s Debt Crisis
(2022) In ThinkChina 9. p.1-13- Abstract
- What can the situation in Sri Lanka tell us about China’s “Belt and Road” Initiative (BRI)? During Sri Lanka’s ongoing economic crisis, China initially seemed to take a step back, leaving everyone to wonder whether the Chinese Communist Party (CCP) would agree to restructure its debt in Sri Lanka. If Beijing agreed to help its “friend in need”, what would this entail for other BRI countries seeking to restructure their debt in response to the COVID-19 pandemic? This article gives an overview of some of the trends currently affecting the BRI, and relates them to the challenges China faces on both the national and international level. In so doing, it addresses perceptions of China’s “responsibility” in Sri Lanka’s current situation,... (More)
- What can the situation in Sri Lanka tell us about China’s “Belt and Road” Initiative (BRI)? During Sri Lanka’s ongoing economic crisis, China initially seemed to take a step back, leaving everyone to wonder whether the Chinese Communist Party (CCP) would agree to restructure its debt in Sri Lanka. If Beijing agreed to help its “friend in need”, what would this entail for other BRI countries seeking to restructure their debt in response to the COVID-19 pandemic? This article gives an overview of some of the trends currently affecting the BRI, and relates them to the challenges China faces on both the national and international level. In so doing, it addresses perceptions of China’s “responsibility” in Sri Lanka’s current situation, including the question of Chinese “debt-trap diplomacy”, and sheds light on some of the potential roadblocks for the future of Chinese BRI investments. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/9f9133e4-0133-44af-a366-3e7af4dca519
- author
- Rosendal Ebbesen, Tabita LU
- organization
- publishing date
- 2022-09-20
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- China, Sri Lanka, Belt and Road Initiative, debt crisis, debt sustainability, international relations
- in
- ThinkChina
- volume
- 9
- pages
- 13 pages
- project
- Fragmented Power: Contemporary Chinese Governance Practices of the 21st Century Maritime Silk Road
- language
- English
- LU publication?
- yes
- id
- 9f9133e4-0133-44af-a366-3e7af4dca519
- alternative location
- https://www.thinkchina.ku.dk/documents/analysis/Development__Debt__and_Distress.pdf
- date added to LUP
- 2022-09-20 15:39:32
- date last changed
- 2025-04-04 14:54:54
@misc{9f9133e4-0133-44af-a366-3e7af4dca519, abstract = {{What can the situation in Sri Lanka tell us about China’s “Belt and Road” Initiative (BRI)? During Sri Lanka’s ongoing economic crisis, China initially seemed to take a step back, leaving everyone to wonder whether the Chinese Communist Party (CCP) would agree to restructure its debt in Sri Lanka. If Beijing agreed to help its “friend in need”, what would this entail for other BRI countries seeking to restructure their debt in response to the COVID-19 pandemic? This article gives an overview of some of the trends currently affecting the BRI, and relates them to the challenges China faces on both the national and international level. In so doing, it addresses perceptions of China’s “responsibility” in Sri Lanka’s current situation, including the question of Chinese “debt-trap diplomacy”, and sheds light on some of the potential roadblocks for the future of Chinese BRI investments.}}, author = {{Rosendal Ebbesen, Tabita}}, keywords = {{China; Sri Lanka; Belt and Road Initiative; debt crisis; debt sustainability; international relations}}, language = {{eng}}, month = {{09}}, pages = {{1--13}}, series = {{ThinkChina}}, title = {{Development, Debt, and Distress : Examining challenges to China’s Belt and Road Initiative through an analysis of Sri Lanka’s Debt Crisis}}, url = {{https://www.thinkchina.ku.dk/documents/analysis/Development__Debt__and_Distress.pdf}}, volume = {{9}}, year = {{2022}}, }