
05/23/2023: The Battle for the Pacific - US vs. China
The Wright Report
00:00
The Debt Trap Diplomacy of PNG
Papua New Guinea has been drifting towards China and away from the US. PNG owes Beijing around $500 million for infrastructure projects that, well, at the time, PNG said nobody else would fund. When these countries naturally default, China demands all sorts of concessions to renegotiate this debt.
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