Debt-trap diplomacy refers to short-term economic incentives that lead to states relinquishing their sovereignty. Typically, an economically superior country provides loans to a less developed one under the guise of help. However, loan terms are exceedingly tough, and if the debtor country is unable to pay the full amount, the creditor country imposes its hegemony on the debtor.
China’s debt-trap diplomacy, in which the communist country…
