September 29th, 2022. The Underground Battle for the Pacific Islands.
The President's Daily Brief
00:00
China's Debt Trap Diplomacy
The solomons and kiribos are the two problem islands that, to be honest with you, we probably have lost to china. Gettin them back will be very challenging. That leaves about ten or so other nations on the fence in terms of their ultimate allegiance. Let me give you some examples. One of the most important is papoat new guinea. It's about 60 miles from australia at its closest point. They've got deep and growing co operation with ch China. The chinese government is using something here called the debt trap diplomacy. So how it works is that bajing loans very cheap money to very poor countries,. knowing that these impoverished
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